PAYMENTS NEWS
Judge blocks open banking rule enforcement
Oct 30, 2025
The preliminary injunction in a federal lawsuit enjoins a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule.
Bad Customer Service Drives 85% of Consumers to Seek Chargebacks
Oct 30, 2025
For years, merchants treated fraud prevention like seasonal window dressing — a necessary expense to get through the holiday rush. But this year’s PYMNTS Intelligence-Worldpay Payments Optimization Tracker, “Securing the Season: Fighting Fraud Without Losing Customers,” shows that strategy no longer works. What began as a December problem has evolved into a structural one, where the same tools that keep criminals out also define how shoppers experience trust, speed and personalization all year long.
Court Halts CFPB’s Open Banking Rule as Banks, FinTechs Await Rewrite
Oct 30, 2025
Open banking’s path toward implementation took another turn on Wednesday (Oct. 29) when the U.S. District Court for the Eastern District of Kentucky enjoined the Consumer Financial Protection Bureau from enforcing its Personal Financial Data Rights Rule — the regulation built on Section 1033 of the Dodd-Frank Act — until the Bureau completes its ongoing reconsideration.
Is there a penny shortage? Why stores are asking for exact change
Oct 30, 2025
Customers say some stores are already rounding prices up to the nearest dollar or ten cents, or down to the nearest five cents.
Fate of Illinois’ first-in-the-nation credit card ‘swipe fee’ ban awaits judge’s ruling
Oct 28, 2025
A law that would make Illinois the first jurisdiction in the world to ban financial institutions from charging “interchange fees” on the tax and tip portions of debit and credit card transactions finally got its day in court this week nearly 18 months after its passage.
Card surcharge ban bogged in detail
Oct 28, 2025
The Reserve Bank of Australia will need more time to consider submissions on the proposed ban on payment card surcharges, earmarked to take effect from 1 July 2026.
Agentic AI raises liability issues
Oct 28, 2025
Payments companies seek ways to address problems with AI agents making mistakes when shopping for consumers.
How AI shopping agents are rewiring retail
Oct 28, 2025
Retailers are on the verge of losing control over their customer relationships as artificial intelligence (AI)-powered shopping agents begin to reshape how people buy online, according to a new report from Boston Consulting Group.
PayPal, Mastercard advance agentic strategy
Oct 27, 2025
The digital payments pioneer and card behemoth are locking arms to add agentic e-commerce shopping options.
BBB Warns Of ‘Ghost Tapping’ Scam Targeting Contactless Payments
Oct 27, 2025
The Better Business Bureau (BBB) is alerting consumers to a growing scam known as “ghost tapping,” in which fraudsters exploit tap-to-pay cards and mobile wallets to steal money without physical contact.
Security Notes: Cryptology: The Battle of Wits May Be Ending
Oct 24, 2025
It has been going on for thousands of years. Smart people build secret codes, and smarter people crack them. New codes are put forth, smarter cryptanalysts show up. This long-lasting battle of wits has decided the fate of two world wars, as well as ancient conflicts. This smart-versus-smart drama is also the cornerstone of cyber payments.
CFPB deluged with open banking comments
Oct 24, 2025
Banks and fintechs aired their arguments regarding the federal agency’s proposed revision of a rule on sharing consumer data.
OpenAI launches browser with a brain powered by agentic AI
Oct 22, 2025
OpenAI has announced Atlas, an AI browser with agent mode that researches, automates tasks and shops online while users browse.
Waller says Fed staff studying streamlined 'payment accounts'
Oct 22, 2025
The U.S. Federal Reserve is studying the creation of a new account that would provide access to Fed payment services for firms that currently rely on third parties like banks for that access, a senior official said on Tuesday.
What's next in the fight over the CFPB's open banking rule?
Oct 21, 2025
The Consumer Financial Protection Bureau is embarking on a new open banking proposal that pits banks against fintechs and underscores the difficulty of crafting a rule that gives consumers access to their own financial data.
FIS rolls out AI-based transaction routing at checkout
Oct 17, 2025
Agentic AI is still a relatively new technology in the financial services industry, but FIS' David Keenan says it's important to have a strategy in place now.
White House Budget Director Aims to Shutter CFPB
Oct 17, 2025
White House budget director Russell Vought announced Wednesday that he intends to shut down the U.S. Consumer Financial Protection Bureau (CFPB), a position that appears to contradict the Trump administration’s arguments in ongoing court proceedings, according to Courthouse News.
UATP Teams With Burbank to Turn Online Payments into Card Present Transactions
Oct 16, 2025
Universal Air Travel Plan Inc. (UATP) early Thursday announced it has partnered with Burbank, a United Kingdom-based fintech, to deploy an app that enables mobile devices to act as a POS terminal to process card-present transactions over the Internet.