PAYMENTS NEWS
Trump signs stablecoin bill into law
Jul 21, 2025
Treasury faces pushback on ditching checks
Jul 18, 2025
A plan to move the U.S. government to digital payments could prevent vulnerable communities from accessing tax refunds and Social Security benefits, groups warn.
Mastercard, JPMorganChase, Citi, BofA share stablecoin plans
Jul 17, 2025
The stablecoin-focused GENIUS Act is progressing in Congress in the midst of bank earnings season, putting banks such as JPMorganChase -0.73(-0.25%), Bank of America -0.12(-0.26%) and Citigroup -0.70(-0.77%); and card companies like Mastercard in front of analysts to answer questions about crypto.
Card and check schemes dominate bankers' fraud woes: Report
Jul 17, 2025
Be it new generations of artificial intelligence or increasingly skilled threat actors, fraud continues to be a massive thorn in the side of banks and credit unions across the U.S. New research from American Banker finds that institutions have more gaps in risk defenses than they might think.
Trump Denies He Is Planning to Attempt to Fire Powell
Jul 16, 2025
The president raises the prospect that Powell could be removed ‘for fraud’
Fedwire makes ISO leap
Jul 16, 2025
The Federal Reserve shifted payments for the Fedwire Funds Service to a new international standard this week without any reported glitches.
Australia looks to scrap surcharges on most card payments
Jul 15, 2025
SYDNEY, July 15 (Reuters) - Australia's central bank on Tuesday proposed to scrap surcharges on most debit and credit card payments for consumers while lowering interchange fees paid by businesses, steps it estimated would save the two groups around A$2.4 billion ($1.57 billion) a year.
‘Crypto Week’ kicks off in US with ‘landmark’ digital asset legislation in global spotlight
Jul 14, 2025
Three high-profile pieces of digital assets legislation are in line to be discussed by the House of Representatives during what US lawmakers have dubbed ‘Crypto Week’ in Washington DC – kicking off today (14 July) – with developments set to be closely watched globally.
JPMorgan Preparing to Charge FinTechs for Consumer Bank Data
Jul 14, 2025
JPMorgan has reportedly told FinTechs it will begin charging for access to customer bank info.
US Rep. Emmer works a day at Clear Lake gas station — similar to his first job
Jul 11, 2025
House Majority Whip Rep. Tom Emmer, R-Minn., took a trip down memory lane July 10 when he returned behind the counter at Ralphie's Minnoco in Clear Lake.
QR Codes Make a Splash in the Real Time Payments Pool
Jul 11, 2025
QR code payments have taken a big step towards becoming not only a mainstream payment option but also one that can accelerate the adoption of real-time payments. Late last week, the technology was used to facilitate a transaction over the FedNow network using the X9 standard.
New Fed Analysis Leverages PYMNTS Findings to Spotlight Pay by Bank
Jul 11, 2025
Open banking, and specifically pay by bank, promises to transform commerce by letting consumers make purchases and funds transfers directly from their accounts.
Plug & Charge: the future of EV payments is vehicle-led
Jul 11, 2025
As electric mobility reshapes transportation, it is simultaneously redefining the way drivers pay for energy on the road. Plug & Charge, a standard defined by ISO15118, is rapidly emerging as the frontrunner for EV charging payments in the 2030s. By securely linking the EV directly to the charger and enabling automatic authentication and billing, Plug & Charge offers a leap beyond RFID cards, apps, or contactless terminals.
A Suit Is Dismissed Claiming Apple, Mastercard, And Visa Worked to Hold Fees in Place
Jul 11, 2025
An Illinois merchant’s allegations that Apple Inc., Mastercard Inc., and Visa Inc. worked to artificially maintain pricing by agreeing to funnel Apple Pay transactions via the two card networks was dismissed this week by a judge in the U.S. District Court for the Southern District of Illinois.
Fed’s ISO ‘big bang’ hits next week
Jul 11, 2025
The Federal Reserve’s shift of trillions of dollars in payments to the new ISO 20022 standard Monday will reverberate around the world.
UK Verdict on Card Fees Sparks Fears of Global Shake-Up for Interchange Models
Jul 10, 2025
The United Kingdom’s Competition Appeal Tribunal (CAT) created a payment industry sensation recently with a ruling that found Visa and Mastercard’s multilateral interchange fees (MIFs) to be in violation of European competition rules.
Trump’s next Fed chair pick already comes with a credibility problem
Jul 10, 2025
If leading the Federal Reserve isn’t challenging enough, the next central bank chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy.
A ‘click-to-cancel’ rule, intended to make canceling subscriptions easier, is blocked
Jul 10, 2025
A “click-to-cancel” rule, which would have required businesses to make it easy for consumers to cancel unwanted subscriptions and memberships, has been blocked by a federal appeals court just days before it was set to go into effect.
Visa, Mastercard vie for Treasury role
Jul 10, 2025
The two biggest card networks bid for a piece of the Treasury Department’s program seeking to modernize the U.S. payments system.
Tap-to-Pay: What Comes Next
Jul 8, 2025
Ever since the card industry launched technology that lets merchants process transactions through an off-the-shelf mobile device, companies have worked to refine the idea further. Now, consumers can look forward to making remote purchases with a tap on their phone’s screen when they see something they want, according to payments executives.