Big Tech Payment Apps May Get a Break from CFPB Rule
by Patti Murphy on March 7, 2025 at 3:57 PM
Lawmakers are challenging a CFPB rule that extends oversight to Big Tech payment apps, arguing that the agency is overreaching its authority, while industry groups push back against increased regulation. Welcome to Today in Payments. I’m your host, Patti Murphy, here with your daily d …
Square to Hike Per Transaction Fees by 50%
by Patti Murphy on March 6, 2025 at 4:39 PM
Square is raising its per-transaction fee by 50%, citing the need to cover rising processing costs and reinvest in its payment ecosystem, which may disproportionately impact small-ticket merchants.
Tap to Phone Redefines Contactless Commerce
by Patti Murphy on March 5, 2025 at 4:59 PM
Visa reports a 200% surge in Tap to Phone adoption, enabling merchants to accept contactless payments directly on NFC-enabled smartphones, with small businesses driving much of the growth. Welcome to Today in Payments. I’m your host, Patti Murphy, here with your daily dose of payments …
Will Big Tech's Payment Oversight Tighten Payments?
by Patti Murphy on March 4, 2025 at 2:57 PM
Regulatory uncertainty looms over Big Tech payment apps as the CFPB's new oversight rule faces challenges amid leadership changes and political debate over the agency’s future.