Patrick Cooley

3 days ago | paymentsdive.com | Patrick Cooley

Digital payments company Block acknowledged that its signature digital wallet, Cash App, didn’t bring in the profits it expected for the first quarter. “We saw a pronounced shift in customer behavior during the time period that we typically see the largest disbursement,” Block Chief Financial Officer Amrita Ahuja said in a May 1 earnings call. She cited the time period as late February into March.

6 days ago | paymentsdive.com | Patrick Cooley

Dive Brief:Mastercard reported last week that cross-border payments volume growth slowed for the first quarter, with that business emerging as a potential pain point for the card network. Analysts who follow the company attributed the slowdown in growth to reduced travel in regions like the Middle East and Africa.

1 week ago | bankingdive.com | Lynne Marek |Patrick Cooley

The Consumer Financial Protection Bureau is reversing course under President Donald Trump on a prior agency plan to require buy now, pay later players to adhere to lending laws. The federal agency, which has been targeted for cuts under the Trump administration, said in an online post Tuesday that enforcement actions against BNPL players won’t be a priority, with the possible exception of those related to service members or veterans.

1 week ago | paymentsdive.com | Lynne Marek |Patrick Cooley

An article from The Consumer Financial Protection Bureau won’t prioritize enforcement actions related to buy now, pay later payments, the agency said in a notice. Published May 7, 2025 The entrance to the Consumer Financial Protection Bureau headquarters in Washington, DC.

1 week ago | bankingdive.com | Patrick Cooley

Payments processor Fiserv appointed Michael Lyons as CEO on Tuesday, replacing Frank Bisignano, who will become commissioner of the Social Security Administration. The Senate approved Bisignano's nomination to lead the Social Security Administration on a party-line 53-47 vote Tuesday, with all Republicans voting in favor and all Democrats voting against. President Donald Trump selected Bisignano for the role in December. Fiserv also named Doyle R.