Shift4 CEO grilled by senators on Musk, SpaceX ties
The lawmakers questioned Jared Isaacman on whether he would remain independent of Musk if he is confirmed to lead NASA.
https://www.paymentsdive.com/news/shift4-ceo-grilled-by-senators-on-musk-spacex-ties/744974/
New York fines Block for Cash App anti-money-laundering lapses
Block has had a difficult 2025 with risk regulators, with the latest ding being a $40 million fine
https://www.americanbanker.com/payments/news/block-fined-for-aml-lapses
PayPal, Block and others face recession risk: analysts
As Trump’s tariff war raises the specter of a U.S. recession, analysts cited certain payments players as potentially more vulnerable in an economic downturn.
https://www.paymentsdive.com/news/paypal-block-and-others-face-recession-risk-analysts/744962/
MoneyLion stockholders approve acquisition by Gen Digital
The companies said in a statement Thursday that all regulatory approvals have been obtained and the deal is slated to be completed by the following week on April 17.
https://www.americanbanker.com/news/moneylion-stockholders-approve-acquisition-by-gen-digital
How Bank of America scaled #AI
Innovation sessions, governance oversight and a clear focus on solving practical problems helped shape internal and customer-facing use cases.
https://www.ciodive.com/news/bank-of-america-generative-ai-roi-strategy/744930/
US businesses cling to paper checks
Large and small businesses alike are still using the 20th-century form of payment extensively, even as the federal government presses ahead with digital alternatives.
https://www.paymentsdive.com/news/business-paper-checks-payments-digital-fraud/744609/
Revolut hit with AML fine; contactless pay soars in the UK
The Bank of Lithuania has fined British fintech Revolut 3.5 million euros ($3.8 million) for violating the country's anti-money-laundering requirements.
https://www.americanbanker.com/payments/news/revolut-draws-an-aml-fine
Stripe seeks Georgia special banking charter
If approved, the charter would give Stripe the ability to process credit card transactions without a bank partner.
FNB Corp. strikes deal to buy boutique investment bank
The deal for Raptor comes after several of FNB's regional bank peers reported substantial capital markets revenue increases in their fourth-quarter earnings.
https://www.americanbanker.com/news/f-n-b-corp-strikes-deal-to-buy-boutique-investment-bank
Trump’s chaos means to destabilize everything
Trump tariff pause gives banks a reprieve, but threats remain
https://www.americanbanker.com/news/trump-tariff-pause-gives-banks-a-reprieve-but-threats-remain
Rain raises $75M in equity funding
With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.
https://www.paymentsdive.com/news/rain-raises-75m-in-equity-funding/744844/
Treasury Department bank regulator discloses major hack
Attackers gained unauthorized, prolonged access to the banking regulator’s email system and may have seen numerous messages containing highly sensitive data.
'We want to enable the whole bank with #AI': Lloyds Bank
https://www.americanbanker.com/news/lloyds-bank-moves-forward-with-ai-using-google-technology
DailyPay sues New York Attorney General
The earned wage access provider lodged a lawsuit against the state after it was notified of alleged lending violations.
https://www.paymentsdive.com/news/dailypay-sues-new-york-attorney-general-earned-wage-access/744731/
Do growing fintechs need more federal regulation?
State regulators say they’re updating their rules and are best-suited to oversee licensed money transmitters — and a new U.S. payments charter isn’t needed.
https://www.paymentsdive.com/news/do-growing-fintechs-need-more-federal-regulation/744719/
Ripple to buy prime broker Hidden Road for $1.25B
“We are at an inflection point for the next phase of #DigitalAsset adoption … and the market is maturing to address the needs of traditional finance,” CEO Brad Garlinghouse said.
https://www.bankingdive.com/news/ripple-buy-prime-broker-hidden-road-1-25-billion/744765/
Fiserv says US trade war could harm demand
The company’s point-of-sale devices are manufactured overseas, and therefore subject to across-the-board import taxes.
Fifth Third hires ex-M&T CFO to lead regional banking
Darren King will “drive strategy, cultivate talent and pursue growth” as Fifth Third pushes southeast, the bank said. He succeeds Kris Garrett, the lender’s retiring wealth and asset manager.
https://www.bankingdive.com/news/darren-king-fifth-third-mt-tim-spence-kris-garrett/744838/
Fiserv acquires Australian payment facilitator Pinch
The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.
https://www.paymentsdive.com/news/fiserv-australian-acquisition-payments-facilitator-pinch/744799/
