Breaking Industry News
Breaking News articles for May 2025
BEC fraud drains $8.5 billion over three years, FBI reports
Monday, May 19, 2025
The FBI's Internet Crime Complaint Center (IC3) sounded the alarm over business email compromise (BEC) scams, which drained nearly $8.5 billion from U.S. businesses between 2022 and 2024. In its newly released 2024 An
Merchants prioritize loyalty, risk revenue as fraud soars
Friday, May 16, 2025
Professionals across payments and fintech are facing a growing dilemma: how to prioritize seamless customer experiences while effectively mitigating escalating fraud. According to AI-driven fraud prevention platform Ravelin’s newly released Global Fraud Survey 2025, many merchants are failing to strike the right balance—and it's costing them dearly.
Mastercard, MoonPay team up to support stablecoin payments
Thursday, May 15, 2025
Mastercard is joining forces with MoonPay to support stablecoin payments across global markets. MoonPay is a financial technology company that provides the infrastructure for crypto payments. It acts as a payment processor that allows users to buy and sell cryptocurrencies using traditional payment methods, like credit cards or bank transfers.
NY to license, supervise BNPL providers
Tuesday, May 13, 2025
While the federal government has eighty-sixed its oversight of buy now, pay later (BNPL) lenders, New York state is taking up the mantle. New York Governor Kathy Hochulh just signed legislation that establishes a licensing and supervision framework for companies offering BNPL in the state.
Stripe announces AI, stablecoin launches
Monday, May 12, 2025
Payments platform Stripe unveiled a host of new products designed to help businesses harness AI and stablecoins. Among them: new money management capabilities that make stablecoin-powered financial accounts accessible to businesses in 101 countries.
SMBs, consumers grapple with uneven economic indicators
Friday, May 09, 2025
The U.S. economy is sending mixed messages this spring, leaving small business owners, consumers and employers caught between optimism and apprehension, based on recent reports from four independent studies.
Zelle outage halts payments nationwide, raises reliability concerns
Tuesday, May 06, 2025
A major technical outage on Fri., May 2, 2025, brought Zelle, one of the United States' most popular peer-to-peer (P2P) payment platforms, to an abrupt halt, leaving millions of Americans unable to send or receive money through their bank accounts. The disruption, which started early in the morning, rippled across the financial system and affected customers at leading banks including Bank of America, Truist, Capital One and Navy Federal Credit Union.
PayPal showcases agentic AI tools, collaborations at Dev Days event
Friday, May 02, 2025
PayPal Holdings Inc. gathered developers, AI leaders, and partners from around the world for its Dev Days event, held April 29 through May 1, to spotlight its advancements in agentic commerce and demonstrate the company's latest AI-powered developer tools.
The good, the bad and the ugly of BNPL
Thursday, May 01, 2025
Americans really like to buy now and pay later. At least when they're using it. Among consumers surveyed by LendingTree, the online service that matches borrowers with lenders, 51 percent had used a BNPL provider at least once. But nearly as many (52 percent) said they regretted financing purchases that way.