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NewsBriefs

This article contains summaries of news stories recently posted under impersonation schemes. Wire transfers, ACH and checks
Breaking Industry News on our homepage. For links to these and other are the main fraud channels. A bright spot: more firms
full news stories, please visit www.greensheet.com/breakingnews.php. recovered lost funds, with 58 percent recouping up to 75
percent of stolen money in 2024. Meanwhile, the federal
government is phasing out checks entirely by Sept. 30,
2025.
Same-day ACH approaches $1 trillion mark

The ACH network posted strong growth in the first
quarter of 2025, processing 8.5 billion transactions worth
$22.1 trillion—up 5.5 percent year over year. Same-day
Global, FIS trade places ACH saw record growth, moving 326 million transactions
worth $897 billion, a 24.8 percent value increase from the
Global Payments and FIS are reshaping their core business same period in 2024. Person-to-person payments exceeded
focuses through a two-part deal: Global is selling its Issuer 100 million for the first time, rising 20.4 percent. Business-
Solutions unit to FIS for $13.5 billion and reacquiring to-business ACH payments also grew 9 percent, with
Worldpay from GTCR and FIS for $22.7 billion. The healthcare claims alone hitting 125 million transactions.
transactions, set for late 2026, aim to sharpen Global’s
focus as a merchant solutions powerhouse, expanding its Internet ACH transactions rose 6.9 percent, though direct
reach to 6 million customers and $3.7 trillion in annual deposit slightly declined, likely due to growing earned
volume. wage access options. Nacha CEO Jane Larimer highlighted
the network’s expanding role in fast, flexible payments.
FIS, meanwhile, will strengthen its payments suite As same-day ACH nears the $1 trillion mark quarterly, its
with Issuer Solutions, which processes over 40 billion adoption across payroll, loan repayment, ecommerce and
transactions annually. Market reaction was mixed, with other use cases signals mainstream acceptance of faster
Global’s stock falling and FIS’s rising. Both companies payment rails.
emphasized that the changes will enhance customer
offerings and global capabilities. The good, the bad and the ugly of BNPL
Cap One gets final OK to acquire Discover A LendingTree survey found that 51 percent of U.S.
consumers have used buy now, pay later services, though
Capital One secured final regulatory approval to acquire 52 percent regretted it, often due to late fees—41 percent
Discover Financial Services for $35 billion, with the deal admitted to missing payments. Despite regrets, usage
set to close in May 2025. The DOJ cleared the merger on remains high: 60 percent of BNPL users hold multiple
April 3, 2025, following earlier approvals by the Delaware loans simultaneously.
State Bank Commissioner and shareholders.
Younger adults and men are the most frequent users, and
The combined entity will become the largest U.S. credit groceries are an increasingly common BNPL purchase,
card issuer, with $250 billion in card balances. Capital rising to 25 percent from 14 percent last year. Other popular
One’s CEO Richard Fairbank emphasized Discover’s items include clothing, tech and travel. PayPal leads the
global payments network and the strategic advantage of BNPL market, followed by Klarna, Affirm and Afterpay.
owning both a card-issuing business and a transaction The trend may expand further with new partnerships
processing network. like Klarna’s BNPL option for DoorDash. While many
users are confident they’ll repay on time, the data suggest
The merger is expected to boost innovation, security and overconfidence and rising debt risks.
community investment through a $265 billion Community
Benefits Plan. Capital One will now be the only major
issuer also operating a payments network. Also find us on Facebook,
Check usage, fraud plague corporations, AFP finds LinkedIn & Twitter for the
most up-to-date stories,
The 2025 AFP Payments Fraud and Control Survey
revealed that checks remain corporations’ most-used can’t miss events and newest
payment method—and their biggest fraud risk. Among industry announcements.
521 organizations surveyed, 91 percent still use checks,
and 63 percent experienced check fraud in 2024.

Despite risks, 75 percent have no plans to reduce check use.
The report also revealed rising business email compromise
scams, with 63 percent of companies hit by third-party
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