June 25 - Melio snapped up for $2.5B | Visa won’t exit DOJ case

Melio swallowed in $2.5B deal; Stablecoins may push aside payments; Klarna, Google join forces; Court approves $197M ATM settlement

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Daily Dive

June 25, 2025 | Today’s news and insights for payments leaders

BROUGHT TO YOU BY — Payments Dive’s studioID

Modernizing ACH for Payment Leaders

With open banking transforming consumer expectations, the pressure to modernize ACH systems is critical. Learn how to reduce costs, streamline ACH operations, and boost conversions in this playbook.

Visa loses bid to toss DOJ debit lawsuit

A New York federal judge ruled Department of Justice allegations against the card network over an illegal monopoly in the debit card market are plausible at this stage of litigation.

Melio swallowed in $2.5B deal

The New York bill-pay company is set to be acquired by Xero, a New Zealand provider of accounting and payroll management software for small businesses.

Stablecoins may push aside payments

Digital assets have the power to “disintermediate” the financial system by bypassing traditional payment rails, according to a Deloitte report.

Klarna, Google join forces

The Swedish buy now, pay later business integrated its payments tool into the search giant’s digital wallet, making its services more widely available.

Court approves $197M ATM settlement

The class action agreement covers consumers and ATM operators who alleged that Visa and Mastercard restrained competition in the cash machine market.

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