Durbin maps path for card bill

The Latest

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  Consumers tap BNPL for larger purchases

  Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.

  Retail

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  Sponsored by Banked

  A real-time look into open banking

  Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.

  Banking

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  PayPal alum latest to take CFO seat for Zepz

  PayPal alum Robert Mitchell will take the remittance platform’s financial helm as it looks to foster further growth after reaching profitability during the first half of 2022.

  Technology

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  BNPL firms encounter growing pains

  As buy now-pay later providers face a shifting economic environment and regulatory scrutiny, they’re likely pursuing transformation, a Guidehouse consultant said.

  Retail

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  Banks take stock of payment fraud threats

  Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

  Banking

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  DoorDash teams with Chase, Mastercard on credit card

  Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

  Banking

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  Uber Eats integrates with Toast, Clover

  The integrations will allow Uber Eats’ restaurant partners to onboard with both their POS provider and the delivery company much faster. 

  Restaurants

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  FleetCor taps insider interim after CFO resigns

  The Atlanta-based payments company said Charles Freund, its CFO since September 2020, is resigning to become CFO of an unidentified private-equity backed software company.

  B2B

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  PNC buys restaurant point-of-sale firm Linga

  The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

  Banking

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  Opinion

  Busting the myths on FedNow

  Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.

  Banking

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  Shopify adds mobile POS hardware

  Pushing further into brick-and-mortar shopping, the commerce company faces competition from other point-of-sale providers as the volume of POS transactions is expected to rise.

  Retail

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  Deep Dive

  Will biometrics be the future of payments?

  The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.

  Retail

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  Banc of California acquires Deepstack in payment processing play

  The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

  Banking

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  Bank CEOs defend Zelle in Senate hearing

  Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

  Banking

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  Buyers, vendors blame each other for slow digital payment adoption

  A majority of vendors said their customers aren’t ready to stop using checks, although check use among accounts payable teams fell 10% compared to last year, MineralTree’s report revealed.

  Technology

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  Republicans grill bank CEOs on merchant gun code

  GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.

  Retail

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  Klarna seeks to shed more workers

  In acknowledging the pursuit of further downsizing, a Klarna spokesperson cited changes being made by company executive Camilla Giesecke assuming COO duties.

  Retail

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  PayPal defends BNPL position

  The payments firm is just as popular with younger shoppers as its buy now-pay later rivals, a PayPal executive said last week.

  Retail

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  Opinion

  QR code resurges for payments

  “Businesses that have consigned QR technology to the tech graveyard would be wise to give it another look,” writes Mike Storiale, Synchrony’s VP of innovation development.

  Retail

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  Visa eyes B2B, remittances for growth

  Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

  Retail

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  Extra costs biggest reason shoppers ditch online carts

  With cart abandonment costing online retailers up to $136 billion annually, Coresight Research’s findings suggest they might want to focus on total purchase price more closely matching shopper expectations.

  Retail

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  Profits slip for small businesses: survey

  Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

  Retail

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  House lawmakers add credit card competition bill

  Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

  Retail

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  Tipalti introduces new card

  After entering the U.K. last year, the company this year is targeting more growth with a new card, a newly promoted president and 100 more employees.

  Technology

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  Instacart rolls out in-store tech enhancements

  Frictionless checkout and a more efficient shopping journey are core focuses under the new services, which include a scan-and-pay mobile checkout program.

  Retail

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  MoneyGram CEO bullish on stablecoins

  The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.

  Banking

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