Payments Dive

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Rounding out #payments news this week...JPMorganChase invests in Slope...the Consumer Financial Protection Bureau's director gives an update on regulation of #BNPL, open banking and other #fintech plays...and Visa locks arms with OpenTable: https://lnkd.in/gcaf6hFj https://lnkd.in/g2ZsKrQ7 https://lnkd.in/gJxs2MuB

In #payments news today...the Consumer Financial Protection Bureau has rolled out its new oversight plan for earned wage access...and opponents to Capital One's acquisition of Discover Financial Services Financial are lining to make their arguments at a virtual meeting tomorrow: https://lnkd.in/gnbkNxQb https://lnkd.in/gnbkNxQb

In #payments news today...Discover Financial Services has offloaded its student loan portfolio...Fiserv is getting some prime-time attention...and #fintech funding is recovering, with an assist from Stripe: https://lnkd.in/gRRMTAYs https://lnkd.in/gVTsxf2y https://lnkd.in/gkfY8JPw

In #payments news this week...#FedNow collects more financial institutions than The Clearing House's RTP...prepaid card use climbs with use cases...and Bolt's new CEO is taking the software co's strategy to the next level: https://lnkd.in/g5M2xY6W https://lnkd.in/g3nxFPHf https://lnkd.in/g58CdT2P

In #payments news this week...Discover Financial Services settles class actions... Target checks out of personal checks...Payroc builds for an IPO...and Congress members push the Federal Reserve System to expand services: https://lnkd.in/gJxd7KTU https://lnkd.in/gJS68are https://lnkd.in/gZhfWKVb https://lnkd.in/gG7rHM3m

For our EXCLUSIVE #payments report today, we talked to French Hill about a bipartisan effort to speed up the addition of the Federal Reserve System's Fedwire and settlement service availability. While some community banks are balking at the proposal, world commerce is hungry for payment rails: https://lnkd.in/gG7rHM3m

It's been a busy past week in #payments...the US Supreme Court let a #debit interchange case move forward...a judge explained why the Visa-Mastercard settlement isn't sufficient...and a #BNPL bill that had been pending in New York is dead, for now: https://lnkd.in/gYizyKEA https://lnkd.in/geBS2abG https://lnkd.in/gEmfWN-h

In #payments news...a top #FedNow official is moving to a new post...while the community banks' peer-to-peer project 'Chuck' has morphed into a new effort...and travelers are encountering hurdles to using credit cards: https://lnkd.in/gFHSazTT https://lnkd.in/gdqz47rY https://lnkd.in/gTPkacm3

Judge Brodie issued a ruling today in the Visa-Mastercard settlement proposal, reiterating that she's "not likely to grant final approval," but her full memo on it is sealed for now. To get a glimpse of her thinking, see our column here: https://lnkd.in/gET5e35V