CFPB Pushes Rule to Stop Oversight of Nonbanks
The Consumer Financial Protection Bureau is pulling back further from the role it has played in recent years, proposing a rule that would limit its ability to supervise nonbanks. Entities ranging from buy now, pay later services to digital wallets would continue to be exempt from the CFPB’s oversight. “It is essential that the Bureau […]
PayPal Disruption Leads to Fraud Surge at German Banks
Financial institutions in Germany flagged millions of direct debits linked to fraudulent activity following a temporary interruption on PayPal’s platform. In total, payments worth more than $11.7 billion were blocked by banks in an incident where the details have yet to be fully disclosed. PayPal acknowledged experiencing a service disruption that was later resolved. This […]
Exploring the Factors Driving Continued ACH Growth
In just the first half of the year, ACH payment volume grew by 5.5% on a daily average basis, reaching roughly 17.25 billion payments. The growth is even more pronounced in terms of dollar value, with the ACH Network processing $45 trillion in the first half of 2025—a 6.8% increase compared to the same period […]
AI and the Future of Payments: Staying Ahead of 2026
WEBINAR AI and the Future of Payments: Staying Ahead of 2026 September 25, 2025 1:00 pm EDT [contact-form-7] Are You Prepared for What AI Will Demand from Payments Next? Artificial intelligence dominates conversations in financial services, but the real challenge is separating hype from impact. For many organizations, payments operations are still slowed by manual […]
Authvia Adds Visa Direct to Its SMS Payments Platform
A gig economy marketplace seeking to pay a creator could soon issue payouts via text message, thanks to a new platform from Visa Direct and messaging commerce company Authvia. However, the potential applications go far beyond the gig economy. According to Authvia and Visa, the platform could allow organizations across industries to send refunds, payments, […]
Ahead of Its IPO, Gemini Unveils a Ripple Credit Card
Gemini, the crypto exchange founded by the billionaire Winklevoss twins, has launched a new credit card that offers rewards in the cryptocurrency Ripple (XRP). This card follows an earlier release from Gemini that provides rewards in bitcoin, other crypto assets, and the exchange’s own stablecoin, the Gemini Dollar. The launch comes shortly after Gemini filed […]
Which Supplier Industries Are Ready to Move into Virtual Cards?
By now, virtual cards have established use cases in key industries like healthcare and travel. In these industries, both buyers and sellers see value in the cards’ ability to automate payments, accelerate payment timing, deliver incremental data, offer buyer and seller controls, and mitigate fraud and credit loss concerns. While these industries continue to deliver […]
Auto Loan Delinquencies Creep Higher Among the Most Creditworthy
Credit delinquencies are starting to creep up even among borrowers with the highest credit scores. Research shows that most of the increase is concentrated in the auto loan and mortgage segments, while credit card delinquencies remain stable for now. According to the latest edition of CreditGauge, published by VantageScore, late-stage delinquencies have risen across all […]
Visa to End Its Open Banking Operations in the U.S.
As concerns grow over the relationships between fintechs and banks, Visa will reportedly shut down its open banking services in the United States. Open banking relies on third-party relationships, where financial technology companies connect banks to each other and to a range of services. These offerings have become essential to the digital banking experience consumers […]
Oracles Can Be the Final Piece of the Blockchain Puzzle
Much has been made of the security and immutability of blockchain, but this security comes with a caveat: It can be achieved only when the blockchain is separated from external systems. This means that a smart contract could be set up in a supply chain to tell a company when a shipment is transferred, but […]