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FedNow debuts disaster aid payments
Dive Brief: FedNow has begun disbursing instant disaster relief payments via participating financial firms, according to a press release. The...
As Paper Checks Sunset, Fifth Third Scales Up Prepaid
Today marks the official end of paper checks for federal benefit payments. As Social Security and the IRS fully transition...
US payments growth may have peaked
Dive Brief: Global payments revenue growth is set to slow over the next four years, and North America is expected...
Uber’s Prepaid Passes Are About More Than Loyalty
Uber’s new prepaid passes—offering riders reduced rates on frequently traveled routes—are designed to appeal to those who consider the rideshare’s...
Fiserv acquires tech consulting firm
Dive Brief: Payment processing giant Fiserv said Thursday it has acquired a financial technology consulting firm, Smith Consulting Group, in...
How Many People Know They Can Use a Digital ID?
Digital IDs are quietly reshaping how we pay, prove, and protect—but most people don’t even know they exist. As governments...
DailyPay case belongs in state court, judge rules
Dive Brief: A federal judge is sending the New York attorney general’s complaint against earned wage access provider DailyPay to...
Why Is the Digital Euro Taking So Long to Develop?
The digital euro, first proposed in 2020, is now looking at a potential launch date of mid-2029. “The middle of...
Capital One cuts Discover workers
Dive Brief: Capital One Financial is cutting about 382 jobs at Discover Financial Services’ Chicago-area headquarters, the bank told the...
Banks That Actively Fight Fraud Retain Their Customers
As bank fraud continues to grow, it’s more important than ever for financial institutions to be proactive in fighting it....
PayNearMe raises $50M | Payments Dive
Dive Brief: PayNearMe, a Silicon Valley payments technology firm, has raised $50 million from Atlantic Vantage Point’s Growth Fund I,...
FEMA Moves Relief Payments to FedNow
As the federal government nears its deadline for sunsetting paper checks, the U.S. Treasury has begun sending disaster relief payments...
