Banking


  • U.S. Capitol In Washington
    Image attribution tooltip
    Stefan Zaklin via Getty Images
    Image attribution tooltip

    Opponents of CCCA brace for reintroduction

    Detractors of the Credit Card Competition Act proposal that failed last year are preparing for a reintroduction of similar legislation in Congress, as soon as this week.

    By June 6, 2023
  • Person makes payment via mobile device
    Image attribution tooltip
    marchmeena29 via Getty Images
    Image attribution tooltip

    Worldpay turns to Volt for A2A payments

    A new tie-up between the companies will allow Worldpay’s merchant clients to tap bank-based payments from consumers.

    By June 6, 2023
  • Lock and credit card showing security theme Explore the Trendline
    Image attribution tooltip
    NatalyaBurova via Getty Images
    Image attribution tooltip
    Trendline

    Fraud concerns mount as verifying identities becomes harder

    Criminals are increasingly taking on false identities to persuade victims to send them payments in email, payroll and vendor scams.

    By Payments Dive staff
  • Nevada capitol
    Image attribution tooltip
    DenisTangneyJr via Getty Images
    Image attribution tooltip

    Nevada passes EWA legislation

    Nevada this past weekend became one of the few states to pass legislation directed at policing the expanding earned wage access industry.

    By June 5, 2023
  • Cryptocurrency bitcoin token
    Image attribution tooltip
    Dan Kitwood via Getty Images
    Image attribution tooltip

    Republicans draft crypto legislation

    The discussion draft, which addresses how digital assets can be defined, represents the most comprehensive federal legislative development in the crypto sphere this year.

    By Gabrielle Saulsbery • June 5, 2023
  • Illustration with a dollar sign in the middle and a circle around it with what looks like circuitry board lines running to it.
    Image attribution tooltip
    Chor muang via Getty Images
    Image attribution tooltip

    CBDCs offer benefits, risks

    Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

    By June 5, 2023
  • Image attribution tooltip
    Irina Tiumentseva via Getty Images
    Image attribution tooltip

    Amex beats back gift card scams

    The card company is “putting a lot of time and effort” into preventing customers from being victims of those scams, CEO Steve Squeri said.

    By June 5, 2023
  • The exterior of the Consumer Financial Protection Bureau building
    Image attribution tooltip
    The image by Ted Eytan is licensed under CC BY-SA 2.0
    Image attribution tooltip

    CFPB slaps warning on P2P

    The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

    By June 2, 2023
  • Screenshot of Discover's website advertising checking account
    Image attribution tooltip

    Discover Financial Services 

    Image attribution tooltip

    Discover relaunches debit account

    After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

    By June 2, 2023
  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
    Image attribution tooltip
    Viorika via Getty Images
    Image attribution tooltip

    Dwolla appoints new CFO

    The company also appointed two new board members as it seeks to capitalize on rising A2A payments demand.  

    By Grace Noto , June 1, 2023
  • Smartphone with Maryland transit image
    Image attribution tooltip
    Permission granted by Jane Ross
    Image attribution tooltip

    Google aims to bulk up wallet

    The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

    By June 1, 2023
  • Thomas Warsop, ACI Worldwide interim CEO
    Image attribution tooltip
    Permission granted by ACI Worldwide
    Image attribution tooltip

    ACI appoints new CEO

    ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

    By May 31, 2023
  • Wooden cubes that spell out "M&A"
    Image attribution tooltip
    Nastassia Samal via Getty Images
    Image attribution tooltip

    Payments cost-cutting could fuel M&A: investor

    Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

    By May 31, 2023
  • An overhead shot of the Sydney Harbour Bridge
    Image attribution tooltip
    Yiran An via Getty Images
    Image attribution tooltip

    Marqeta shuts down Australia operations

    The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.

    By May 30, 2023
  • Man pays at counter with phone over hardward
    Image attribution tooltip
    Milko via Getty Images
    Image attribution tooltip

    Consumers, businesses gravitate to faster, mobile payments

    As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

    By May 26, 2023
  • A person displays their open wallet and cards
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Debit network players gear up for July

    Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

    By May 26, 2023
  • Fingers hover over a computer keyboard with numbers on a screen, against a shadowy backdrop.
    Image attribution tooltip
    jariyawat thinsandee via Getty Images
    Image attribution tooltip
    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

    By May 25, 2023
  • Citizens Financial Group branch
    Image attribution tooltip
    Permission granted by Citizens Financial Group
    Image attribution tooltip

    Citizens Bank to pay $9M to settle disputed-charge suit

    The CFPB said the bank, in 2015, improperly denied customer reports of fraud and unauthorized use and, in some cases, failed to fully reimburse users.

    By Dan Ennis • May 24, 2023
  • An Uber Freight driver sits in the cab of a truck using a cell phone app.
    Image attribution tooltip
    Courtesy of Uber
    Image attribution tooltip
    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

    By Brian Tate • May 24, 2023
  • Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Cash App pursues older, affluent customers

    The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

    By May 24, 2023
  • Image attribution tooltip
    Courtesy of PayPal
    Image attribution tooltip

    Venmo to launch teen account

    The move is part of PayPal’s plan to lean on Venmo to lure more users.

    By Tatiana Walk-Morris • May 23, 2023
  • Close-up image of cash and credit cards
    Image attribution tooltip
    bernie_photo via Getty Images
    Image attribution tooltip

    Credit popularity doesn’t displace cash: Fed report

    Credit cards were the most used payment method last year in the U.S., but cash demand remains stable, a Fed report showed.

    By May 23, 2023
  • Reps. Patrick McHenry (R-NC) and Maxine Waters (D-CA)
    Image attribution tooltip
    Alex Wong / Staff via Getty Images
    Image attribution tooltip

    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

    By May 22, 2023
  • Exterior of the Federal Reserve building in Washington, D.C.
    Image attribution tooltip
    Anna Hrushka/Payments Dive
    Image attribution tooltip

    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

    By May 22, 2023
  • Hand with a stack of hundred US dollars bills, close up
    Image attribution tooltip
    Vadym Petrochenko via Getty Images
    Image attribution tooltip

    Fed official stresses importance of dollar’s standing

    “For the dollar to maintain its status, it is important for U.S. elected officials and other policymakers to make decisions that instill confidence in our economy and institutions,” a New York Fed official said Thursday.

    By Tatiana Walk-Morris • May 19, 2023
  • PayPal CEO Dan Schulman
    Image attribution tooltip
    Derek White via Getty Images
    Image attribution tooltip

    PayPal urged to accelerate CEO search

    The digital payments pioneer faces pressure from investors to name CEO Dan Schulman’s successor sooner rather than later.

    By May 16, 2023