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Skip to main content CONTINUE TO SITE ➞ DON’T MISS TOMORROW’S PAYMENTS INDUSTRY NEWS Let Payments Dive’s free newsletter keep you informed, straight from your inbox. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. * Deep Dive * Opinion * Library * Events * Press Releases * Topics Sign up * Search * Sign up Search * Retail * Banking * Restaurants * Regulations & Policy * Risk * Technology * B2B Eugene Gologursky / Stringer via Getty Images FISERV PONDERS M&A CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities. Read more ➔ TOP STORIES 1. APPLE BEGINS SHARING BNPL DATA WITH EXPERIAN 2. TREASURY DEPARTMENT TO DEVELOP FINANCIAL INCLUSION STRATEGY 3. GREEN DOT FACES FED’S PROPOSED CONSENT ORDER 4. CAPITAL ONE TACKLES DISCOVER COMPLIANCE ISSUES 5. APP FEATURES BOLSTER ZIP’S US REVENUE GROWTH THE LATEST * Access now➔ Trendline THE LATEST IN BUY NOW, PAY LATER PAYMENTS More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool. * Retrieved from Flickr/frankieleon. Opinion DISCOVER DEAL MAY TRIGGER MORE COMPETITION The merger at least raises the possibility that there won’t be two card networks that dominate the future of tokenized transactions, writes one fintech lawyer. Banking * Spencer Platt via Getty Images WARREN CALLS OUT OCC OVER MERGER POLICY AHEAD OF CAPITAL ONE-DISCOVER The senator urged regulators to block the deal and took the OCC to task for its approval record. Meanwhile, JPMorgan CEO Jamie Dimon advocated for Capital One to get a fair shake. Banking * Maks_Lab via Getty Images Q&A CAPITAL ONE-DISCOVER DEAL MAY SPUR PAYMENTS M&A The blockbuster deal is set “to trigger a bunch of rethinking across the industry,” said Erin McCune, a partner at consulting firm Bain & Company. Banking * Lynne Marek/Payments Dive Column FED OFFICIAL MAKES A CASE FOR THE DOLLAR’S HEGEMONY Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain. Banking * Access now➔ Trendline INSIDE THE RISE OF EMBEDDED PAYMENTS Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools. Access now➔ Trendline THE LATEST IN BUY NOW, PAY LATER PAYMENTS More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool. * Courtesy of Amazon AMAZON EXPANDS SMART CARTS PILOT The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store. Retail * Courtesy of FIS FIS PROMISES EXPANDING PROFIT MARGINS Fidelity National Information Services promised bigger profit margins this year from its newly reconfigured business focused on banking and capital markets. Banking * piranka via Getty Images FIS EX-CFO STAYS TO OVERSEE WORLDPAY TRANSITION Erik Hoag, a long-time FIS executive who stepped down from the CFO seat in August after just one year, was named chief integration officer. Banking * Spencer Platt / Staff via Getty Images CONGRESS MEMBERS LOB DUELING GUN CODE BILLS Democratic and Republican Congress members took opposing stances this month in introducing bills on the use of a new gun merchant category code. Retail * Access now➔ Trendline THE LATEST IN BUY NOW, PAY LATER PAYMENTS More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool. Access now➔ Trendline INSIDE THE RISE OF EMBEDDED PAYMENTS Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools. * Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze EWS LAUNCHES WALLET IN SOUTH CAROLINA, ARIZONA AHEAD OF WIDER ROLLOUT Launching the Paze wallet will require preloading about 150 million cards, meaning the launch will occur as “more of a ramp up over a few months,” EWS Managing Director James Anderson said. Banking * Courtesy of Publix SELF-CHECKOUT PROMISES ULTIMATE CONVENIENCE. IS IT DOING ITS JOB? The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said. Retail * Drew Angerer / Staff via Getty Images CFPB MAY TAKE LEGAL ACTION AGAINST BLOCK The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe. Banking * Justin Sullivan / Staff via Getty Images GOOGLE PAY APP TO BE RETIRED IN US THIS YEAR “To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post. Banking * Win McNamee / Staff via Getty Images CAPITAL ONE-DISCOVER DEAL CARRIES $1.38B TERMINATION FEE The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal. Banking * Sam Silverstein/Payments Dive CASH-STRAPPED CONSUMERS TURN TO BNPL: FED SURVEY Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank. Retail * Brendon Thorne via Getty Images PAYPAL FINANCE EXEC JUMPS TO FLYWIRE CFO SEAT Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting. Banking * Scott Olson via Getty Images MASTERCARD TO BE DINGED BY DISCOVER DEAL While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow. Retail * Kevin Dietsch / Staff via Getty Images AFFIRM SHEDS WORKERS The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year. Retail * Retrieved from Senate Banking Committee. OCC’S HSU CALLS FOR FEDERAL PAYMENTS LICENSING The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework. Banking * Win McNamee via Getty Images CAPITAL ONE-DISCOVER DEAL MAY SPARK ANTITRUST CONCERN While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena. Banking * Kent Nishimura via Getty Images WARREN PROBES ZELLE SCAM POLICY Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy. Regulations & Policy * Justin Sullivan via Getty Images PAYPAL INVESTS IN AI STARTUP RASA The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund. Retail * Win McNamee / Staff via Getty Images CAPITAL ONE TO ACQUIRE DISCOVER IN $35.3B DEAL The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network. Banking * Chip Somodevilla via Getty Images CROSS-BORDER PAYMENTS REMAIN FOCUS FOR FED Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week. Retail * Courtesy of American Express AMEX TO EXPAND ATM CASH ACCESS The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines. Banking * Permission granted by Toast TOAST TO CUT 550 EMPLOYEES The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023. Retail More stories Access now➔ Trendline THE LATEST IN BUY NOW, PAY LATER PAYMENTS More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool. GET THE FREE NEWSLETTER Subscribe to Payments Dive for top news, trends & analysis Email: * Select user consent: By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. MOST POPULAR 1. Fiserv ponders M&A 2. Capital One tackles Discover compliance issues 3. Apple begins sharing BNPL data with Experian 4. Green Dot faces Fed’s proposed consent order LIBRARY RESOURCES * Trendline The latest in buy now, pay later payments Supported by Bread Financial * eBook 2024 Mobile Consumer Insights: How SMS, MMS and Mobile Wallet are Changing Purchase Behavior Custom content for Vibes * Trendline The Payments Dive Outlook on 2024 Supported by Payments Dive View all COMPANY ANNOUNCEMENTS * Groundbreaking New Event Focused on Convergence of Fintech and AI Announced From Fin+AI Conference * Valuedynamx Powers Emirates Skywards with the Launch of “Pay with Points / Miles” Offering V… From Valuedynamx * Advancing Email Fraud Prevention: AtData Partner Network Gains Momentum From AtData View all | Post a press release WHAT WE’RE READING * The Wall Street Journal How Discover’s Network Helps Capital One Take On Card and Banking Giants * Marketplace Fees war between retailers and credit card companies is heating up * Axios Payments giant Stripe may never go public View all Access now➔ Trendline INSIDE THE RISE OF EMBEDDED PAYMENTS Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools. 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