The Latest
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Bill taps PayPal veteran as CFO
Rohini Jain is set to become Bill’s finance chief in July, replacing John Rettig who will assume the role of president and chief operating officer.
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MoneyGram CEO targets digital remake
Anthony Soohoo is tackling a digital transformation of the legacy cross-border payments company, leaning on experience at Walmart and Apple.
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Why BNPL appeals to salons
The buy now, pay later option attracts more customers and leads to bigger spending, asserts a payments software executive.
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Courtesy of Shift4
Shift4 CEO likely to keep post
Jared Isaacman was dropped by the Trump administration as a nominee to head NASA, and analysts expect he will remain at the payments processor.
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Airlines decry proposed card amendment
Airline and aviation industry stakeholders argue the Marshall-Durbin amendment to the GENIUS Act bill would harm consumers and workers by undercutting credit card revenue.
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Anna Moneymaker / Staff via Getty Images
CFPB seeks to end open banking case
The Consumer Financial Protection Bureau and its former court foes are now in agreement: an open banking rule shouldn’t be considered lawful.
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Illinois delays interchange law
Over the weekend, the state’s legislature voted to delay implementation of a law that would ban card interchange fees on tips and taxes.
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Anna Moneymaker / Staff via Getty Images
Baltimore drops lawsuit over CFPB’s move to return funds
Bureau leadership found there was no mechanism to transfer money the Federal Reserve had given the agency. Consumer advocates warned they could sue again if the CFPB tries again to defund itself.
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Peter_Cho via Getty Images
Conduit, Palla raise cross-border capital
The startups, which both offer cross-border payments, each closed on major capital-raising efforts this week.
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Q&APushpay targets church payment niche
The company caters to churches and other nonprofits, smoothing the channels to take in donations in various forms, including cryptocurrencies.
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Chip Somodevilla via Getty Images
Maryland passes EWA law
The state’s governor allowed an earned wage access bill to become law, over the objections of some consumer groups, including AARP.
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Permission granted by Lynne Marek
Remittance tax draws fintech pushback
The budget bill proposal moving through Congress would levy a tax on cross-border money transfers. That has prompted “strong concern” from one fintech organization.
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Justin Sullivan via Getty Images
PayPal’s venture arm taps new leader
The digital payments company has promoted Ian Cox Moya, who rejoined the company in 2022, to head the unit that invests in startups.
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ArLawKa AungTun via Getty Images
Global Payments to sell payroll unit for $1.1B
The payments processor agreed to sell the division to software company Acrisure as it focuses on selling merchant services.
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Retrieved from Office of the Governor of the State of New York.
Fintech groups oppose state BNPL rules
Lobbying organizations argue that New York’s rules treat buy now, pay later purchases too much like credit card transactions.
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Kala Bartkowski via Getty Images
Credit card cap amendment stokes opposition
Industry trade groups for financial institutions have united to rail against legislation that could cap credit card interest rates.
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Chip Somodevilla via Getty Images
CFPB to yank ‘unlawful’ open banking rule
That move bends to bank groups that filed a lawsuit last year to block the Consumer Financial Protection Bureau rule aimed at making it easier for consumers to move their financial accounts.
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Lynne Marek/Payments Dive
Fiserv reaffirms Clover revenue goal
The company’s chief financial officer contended the point-of-sale unit will still deliver $3.5 billion in revenue this year despite a recent volume growth slowdown.
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Funtap via Getty Images
Executive Shuffle: Fiserv, Temenos, Medius
Recent executive appointments demonstrate the importance software and financial services firms are placing on product strategy.
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ktasimarr via Getty Images
Clair, Alternative Payments raise capital
The two B2B payments industry startups each raised just over $20 million in the past month despite a “challenging” economic climate.
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Chip Somodevilla via Getty Images
Durbin, Marshall push credit card amendment
Sens. Roger Marshall and Dick Durbin aim to add their Credit Card Competition Act legislation to the GENIUS stablecoin bill advancing in Congress.
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Spencer Platt via Getty Images
Cash use declines as cards rise: Atlanta Fed
Consumers keep using cash, but credit cards are king, the Federal Reserve Bank of Atlanta documented in its annual payment method survey.
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Retrieved from Circle K.
Circle K launches fleet payment mobile app
The program, developed alongside Car IQ, is designed to help drivers avoid credit card skimmers at the pump.
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Supatman via Getty Images
FIS quizzed on profit margins
The company’s chief financial officer was in the hot seat last week, explaining at an investor conference how he’ll bolster the bottom line.
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Permission granted by Klarna
Klarna touts merchant growth
The buy now, pay later provider surpassed 100 million users globally this year, but also reported widening consumer credit losses for the first quarter.
