Jan. 17, 2025
| Today’s news and insights for payments leaders
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NOTE FROM THE EDITOR
Dear readers,
We’ll be taking a break on Monday to pay respect to the late Martin Luther King Jr. and principles he pursued to make our nation a more just place for all. That holiday will also give us a chance to honor the presidential inauguration.
If you need some reading material, don’t miss our outlook on new payments trends emerging in 2025. You can find that story here.
We’ll be back in your inbox on Tuesday, January 21. If you know of someone who might benefit from our payments coverage, please forward this email. Also don’t forget to register here for our virtual payments fraud event next month.
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Banks seeking to halt a new Illinois law that bars credit card interchange fees on taxes and tips succeeded on one front, but not another, at least for now.
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Opinion
Financial institutions that “fail to adopt both send and receive functions may be exposing their organizations to competitive disadvantages as well as reputational risks,” writes one industry executive.
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The credit card giant misrepresented features of some credit cards targeting small businesses and entered false information on card applications, the Justice Department alleged.
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The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.
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The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.
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From Our Library
Survey Report
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Playbook
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What We're Reading
Reuters
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ThePaypers
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