PAYMENTS NEWS
BankThink We shouldn't let banks build roadblocks in the path of open banking
Sep 3, 2025
America has an opportunity to organize its use of financial data in a way that enhances competition, innovation and consumer autonomy. The Consumer Financial Protection Bureau's Section 1033 rule — currently under revision — should aim to achieve these goals while addressing legitimate implementation concerns. The case for open banking is well established. Now, the focus must shift to how best to implement it.
Visa ramps new fraud prevention program
Sep 3, 2025
The card giant has merged its fraud prevention and dispute management programs, forcing merchants and their bank card processors to take more responsibility for thwarting misconduct.
The fallout from Visa's U.S. open banking retreat
Sep 2, 2025
Visa is reportedly at least pausing its open banking product in the U.S., drawing attention to new regulatory and financial complications surrounding data sharing.
Fed Upheaval Sows New Uncertainty About Path of Rates
Sep 2, 2025
A September cut is likely, but the breadth of support and the path afterward are up in the air
Here’s the Real Reason Interchange Rates Are at Risk
Aug 29, 2025
Merchants are right to dispute what they pay for card transactions. Technology has an answer—if the networks will listen.
Will payments be ‘quantum safe’ by 2035?
Aug 27, 2025
The federal government and industry organizations warn that fraudsters could use the advanced technology to hack into payments systems.
Why Zero-Click Search Is Forcing Businesses to Pivot
Aug 25, 2025
Marketers have been working for years to refine their search engine optimization (SEO) strategies to ensure their company websites are visible in search results. But search powered by artificial intelligence (AI) risks making SEO all but obsolete.
The Math Trick Hidden in Your Credit Card Number
Aug 25, 2025
Find out how this simple algorithm from the 1960s catches your typos.
Fed explores fintech innovation
Aug 22, 2025
The Federal Reserve has begun “technical research” on financial technology, including tokenization and AI in payments, said Christopher Waller, a Fed member and reportedly a candidate for chairman.
Judge Rules Visa Must Face New Debit Card Antitrust Case
Aug 22, 2025
Visa reportedly must continue to face a class action lawsuit filed by merchants alleging that the company has a monopoly in the debit card market.
New Ghost-Tapping Attacks Target Apple Pay and Google Pay Users’ Linked Cards
Aug 18, 2025
Chinese-speaking cybercriminals are using ghost-tapping techniques to take advantage of Near Field Communication (NFC) relay tactics in a sophisticated evolution of payment card fraud. They are mainly targeting mobile payment services such as Apple Pay and Google Pay.
Routable Adds FedNow to Speed Accounts Payable
Aug 15, 2025
Routable, a San Francisco-based accounts-payable platform provider, has expanded its support for real-time payments through connectivity to FedNow, the Federal Reserve’s 2-year-old real-time payments platform.
As Fraud Rises, Identities Are More Valuable Than Ever
Aug 15, 2025
A recent fraud survey from a UK fraud consortium reveals a troubling evolution in criminal tactics, highlighting that fraud isn’t just growing—it’s getting smarter.
Security Notes: Buying a Dollar for Eighty Cents
Aug 15, 2025
I challenge you to make sense out of the title of this column! It is a vision of the near future, discounted dollars for sale. The catch: you pay 80 untethered cents to buy a tethered dollar.
Court vacates Fed interchange rule, dealing blow to banks
Aug 8, 2025
A federal judge dealt a blow to the Federal Reserve and debit card issuers by ruling against the central bank in a high-profile lawsuit challenging the central bank's 2011 rule regulating interchange fees.
Judge vacates debit fee regulations
Aug 8, 2025
The federal court ruling potentially forces the Federal Reserve to revisit regulations on fees banks can charge merchants when consumers swipe debit cards.
Fed’s Debit Card Swipe Fee Rule Tossed in Win for Retailers
Aug 7, 2025
Retailers won a key legal battle over debit card swipe fees after a federal judge determined the Federal Reserve went beyond what Congress allowed in setting rules more than a decade ago.
A Generation Is Turning to ‘Buy Now, Pay Later’ for Botox and Concert Tickets
Aug 5, 2025
Young Americans are turning to easy, high-interest loan products; research shows some are spending more
New X9 Report Supplies Guidance on Migrating to Post-quantum Cryptography Safely and Cost-effectively
Aug 5, 2025
Today the Accredited Standards Committee X9 Inc. (X9) announced the publication of a new report, “Post Quantum Cryptography Financial Readiness Needs Assessment. ” The goal of this document is to provide a high-level view, targeted to managers and executives, of options, alternatives and guidance on how to mitigate the cybersecurity threats posed to the financial services industry by quantum computers.
CFPB Tells Court It Will Rewrite Rule 1033
Jul 30, 2025
The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the Bureau’s previous leadership under the Biden administration.