PAYMENTS NEWS
NGA Backs House Bill to Round Cash Without Pennies
Jul 16, 2026
MAG joins NGA and other business groups urging Congress to pass the Common Cents Act.
Penny’s end poses rounding challenge
Jul 16, 2026
Merchants press for passage of a bill to enact rounding standards as cash-handling businesses grapple with the cent’s gradual demise.
Mastercard examines sale of UK payments subsidiary Vocalink, FT reports
Jul 14, 2026
Mastercard is exploring the sale of a majority stake in its UK payments subsidiary Vocalink back to British banks as it responds to concerns about a critical asset being under U.S. ownership, the Financial Times reported on Monday citing people briefed on the talks.
Debit cards top payments, Fed says
Jul 10, 2026
In the Federal Reserve’s latest Payments Study, debit cards dominated, accounting for the bulk of all non-cash payments.
Study shows decade-long decline in federal enforcement activity
Jul 8, 2026
Annual enforcement actions by the Federal Reserve, Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency have fallen steadily dating back to the Obama administration. Other data points indicate that enforcement activity could still decline further.
How a bank-owned debit network upends payment processing
Jul 8, 2026
JPMorganChase, Wells Fargo, PNC and other large banks are in talks to purchase parts of Fiserv's debit-processing business.
Big Banks Eye Payments Deal That Could Rewire Debit Fees
Jul 7, 2026
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade.
Identity Is the New Perimeter
Jul 7, 2026
Fraud is easier to commit with AI tools that mimic authentic documents, commit attacks at scale, and make phishing attempts even more genuine-appearing. This shift is pushing payments providers to rethink what trust actually means.
FCA publishes landmark review into impact of AI on retail financial services
Jul 7, 2026
The FCA’s findings review how AI could reshape financial services for consumers, with the technology set to be a driving force for innovation and efficiency.
Liquidity Management Becomes the Next Test for Real-Time Payments
Jul 1, 2026
Once funds leave an account, the transaction is final. Institutions must determine not only whether a payment is legitimate, but also whether sufficient liquidity exists at that moment.
World Cup chargebacks coming
Jul 1, 2026
Fraudsters create fake websites where they can steal consumer credentials and related information during card-not-present purchases and use those credentials to make purchases in the flurry of activity on authentic websites.
What you need to know about major new Buy Now Pay Later rule changes
Jun 30, 2026
Starting 15 July, prominent BNPL providers in the UK will fall under the direct regulation of the Financial Conduct Authority (FCA).
Illinois enacts BNPL law
Jun 30, 2026
Gov. Pritzker signed a bill mandating regulatory oversight of buy now, pay later companies, enacting rules to oversee the industry.
Supreme Court Blocks Trump From Firing Fed Governor Lisa Cook
Jun 30, 2026
In a pair of decisions, the court expands presidential authority over independent agencies—but the central bank is the notable exception.
Digital euro clears European Parliament hurdle
Jun 26, 2026
The European Parliament’s economic and monetary affairs committee adopted the proposed draft rules 43 to 14.
Lawmakers spar over payment rails
Jun 26, 2026
During a recent House Financial Services committee hearing, some House members supported the proposed Payments Access and Consumer Efficiency (PACE) Act, which would offer fintechs access to the Federal Reserve payments systems.
Fed to launch roundtable to fight payment fraud
Jun 24, 2026
The Federal Reserve Board has reviewed more than 250 comments received last June in response to a request for information from the Fed, the FDIC and the Office of the Comptroller of the Currency. The Fed will use those comments to shape its approach to mitigating payments fraud.
Boston Fed forms payments council
Jun 24, 2026
The council members, from the district’s New England area, will convene to share industry insights and data in an effort to help the Boston Fed understand current payment issues and guide the agency’s policy decisions, the release said.
Stanley Woodward Reportedly Assumes Leadership of DOJ Antitrust Division
Jun 16, 2026
Stanley Woodward, the U.S. Department of Justice’s associate attorney general, has assumed leadership of the department’s Antitrust Division.
The Argument Over Interchange Is Far from Settled, Observers Say
Jun 10, 2026
A federal court ruled that a settlement reached between banks and merchants is “fair, reasonable, and adequate."