Visa and Mastercard Resolve Longstanding Dispute with Merchants
After nearly a decade, Visa and Mastercard have agreed to pay merchants $199.5 million to settle a class-action lawsuit over chargebacks. Merchants filed suit after the companies changed the rules around chargebacks, which occur when payments are reversed following customer disputes. Retailers alleged that Visa and Mastercard violated antitrust laws by coordinating to alter the […]
Banking, Reimagined: The Role of ITMs
As more people choose to bank online, the role of the traditional branch has undergone a transformation. Once the go-to place for every financial need, the branch is now primarily a hub for more complex transactions that can’t be completed digitally or at an ATM. At the center of this evolution is the interactive teller […]
Germany Shuts Down Investment Fraud Network
Officials in Germany have shut down more than 1,400 illegal domains in Eastern Europe linked to cybertrading fraud, marking a potential dent in the fast-growing international problem. Dubbed Operation Heracles, the probe was led by Germany’s financial watchdog BaFin, alongside law enforcement agencies in Germany and Bulgaria. Users visiting the fraudulent websites were directed to […]
Klarna Leans Further Into Agentic Commerce
As the race to build the infrastructure for artificial intelligence agents heats up, Klarna has announced support for Google’s open-source Agent Payments Protocol (AP2), a neutral framework designed to connect merchants, consumers, and third-party platforms to enable agent-driven commerce. AP2 supports multiple payment types, including debit and credit cards, stablecoin transfers, and real-time payments. However, […]
How Emerging Technologies Are Powering the Modern Payments Stack
For years, tech and payments leaders have called for financial institutions to modernize their core banking systems. However, the meteoric rate at which payment technologies have evolved has caused many financial institutions to struggle to identify the optimal components of a modern payment stack. In the Unpacking The Modern Payment Stack: What Matters Most […]
Mobile and BNPL Poised to Drive a Strong Holiday Shopping Season
The 2025 holiday season is shaping up to be the biggest yet for mobile shopping. Adobe for Business forecasts that mobile revenue will reach a record 56.1% share of total holiday sales, making the first time mobile accounts for more than half of overall spending. An estimated $142.7 billion will be spent via mobile this […]
Oracle Hack Likely Impacted Over 100 Companies
A substantial amount of customer data was stolen in a hack of Oracle’s enterprise software suite, an incident that could have far-reaching ramifications. According to Google, the breach was carried out by CL0P, a group of cybercriminals responsible for a string of high-profile ransomware attacks. These attacks often target third-party software providers with the goal […]
Beyond the Buzz: What Really Matters When Choosing a Payments as Service Provider
WEBINAR Beyond the Buzz: What Really Matters When Choosing a Payments as Service Provider October 21, 2025 1:00 pm EDT [contact-form-7] Banks and financial institutions face pressure to modernize legacy systems, keep pace with shifting regulations, and meet customer expectations for seamless, real-time payments. To stay ahead, many institutions are turning to Payments as a […]
G20 Likely Won’t Meet Goals for Improving Cross-Border Payments
Leaders from the world’s largest economies developed a roadmap to improve cross-border payments four years ago, but those objectives now appear unlikely to be achieved. A progress report from the Financial Stability Board (FSB) found that, although many milestones have been reached, the measures taken so far have yet to translate into real-world results. In […]
Auto Loan Fraud Grows, Fueled by Identity Theft
Identity theft is becoming an increasingly serious problem in auto lending, with fraud rates surpassing those seen in credit card applications. According to data from SentiLink, fraudulent auto loans accounted for 3.3% of all applications in the first half of 2025, spiking to 5.5% in May during a coordinated attack on select lenders. By comparison, […]