Banking


  • Brex CEO Pedro Franceschi pictured against a grey background.
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    Courtesy of Brex
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    Brex moves to single-CEO model

    Pedro Franceschi will become sole chief executive, while co-founder Henrique Dubugras will move to board chair as the company aims to go public in 2025.

    By Dan Ennis • June 14, 2024
  • Stack of credit cards spread out
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    alexialex via Getty Images
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    Startup offers ‘credit-building’ debit cards for Gen Z

    Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

    By June 13, 2024
  • Money next to hourglass Explore the Trendline
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    busracavus via Getty Images
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    Trendline

    Real-time payments are on the rise

    As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

    By Payments Dive staff
  • The eBay logo is displayed on the roof of eBay headquarters.
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    Justin Sullivan via Getty Images
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    eBay to accept Venmo

    A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials.

    By June 12, 2024
  • Two Apple iPhone 14 models
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    Courtesy of Apple
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    Apple unveils new iPhone touch and pay feature

    The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

    By June 12, 2024
  • Cyberattack and internet crime, hacking and malware concepts.
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    Techa Tungateja via Getty Images
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    Opinion

    Fighting deepfakes via payments

    “Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.

    By Alan Primitivo • June 12, 2024
  • Hand of person tapping phone with dollar signs floating up
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    1401461124 via Getty Images
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    Q&A

    Upcoming ISO 20022 transition leaves some finance players scrambling

    The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.

    By June 11, 2024
  • A person holds open an envelope filled with cash.
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    D-Keine via Getty Images
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    Cash use persists in US beyond pandemic

    Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.

    By June 11, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Rivals Adyen, Stripe partner with Capital One to combat fraud

    The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

    By June 10, 2024
  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard shepherds seven startups

    The card network has selected a group of next-generation payment and banking startups for its accelerator program.

    By Tatiana Walk-Morris • June 10, 2024
  • Illinois state capitol building in Springfield
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    tacojim via Getty Images
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    Illinois heads toward landmark card interchange fee restrictions

    The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

    By June 7, 2024
  • CFPB finalizes open banking standard-setter rule

    The bureau will consult public interest groups and app developers on open banking standards, and no single special interest can dominate the standards-making process.

    By Gabrielle Saulsbery • June 7, 2024
  • Patients wait to check-in at a line of kiosks to get vaccinated.
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    Sergio Flores/Getty Images via Getty Images
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    Waystar envisions $20B healthcare payments market

    The software provider offered its outlook as it seeks to take the company public and expand its business.

    By June 6, 2024
  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    Amex dismisses impact of eBay’s rejection

    EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

    By June 6, 2024
  • The photo shows cannabis plants growing in a greenhouse.
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    Drew Angerer via Getty Images
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    Pot payments players crave federal reforms

    The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

    By June 5, 2024
  • A closeup of JPMorgan Chase's headquarters in New York.
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    Michael M. Santiago via Getty Images
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    Top JPMorgan payments executive exits

    Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.

    By June 4, 2024
  • check, checkbook
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    Retrieved from Flickr/RikkisRefuge.
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    Q&A

    Consumers, businesses diverge in payment trends

    Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.

    By June 3, 2024
  • Senator Ron Johnson speaking behind a dais.
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    Samuel Corum via Getty Images
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    Zelle faces Senate probe on fraud

    “The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

    By May 31, 2024
  • Person pays using phone to tap point-of-sale device with cup of coffee sitting on table.
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    Cecilie_Arcurs via Getty Images
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    Are digital wallets safer than debit cards?

    Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.

    By May 31, 2024
  • Image of bitcoins.
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    Chris McGrath via Getty Images
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    Mastercard floats crypto credential service

    The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.

    By Tatiana Walk-Morris • May 31, 2024
  • Graphic of digital money transfer symbols overlaid on a map of the world
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    ArtemisDiana via Getty Images
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    Opinion

    CFPB seeks to thwart cross-border junk fees. Now what?

    “Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.

    By Rina Wulfing • May 30, 2024
  • close up of dollar bills
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    Gordan1 via Getty Images
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    Investments for payments startups trickle in

    Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.

    By May 30, 2024
  • A brand image of Klarna's shopping app
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    Courtesy of Klarna
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    Klarna uses AI to cut marketing costs

    The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.

    By Chris Kelly • May 29, 2024
  • Juice bar merchant takes card for transaction.
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    jacoblund via Getty Images
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    Debit cards face rising digital wallet competition

    Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.

    By May 29, 2024
  • DailyPay CEO Kevin Coop
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    Permission granted by Abigail Weir
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    DailyPay CEO exits for another top job

    Kevin Coop left the earned wage access provider for a healthcare market research firm, with Stacy Greiner appointed CEO on an interim basis.

    By May 29, 2024
  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    Paze targets nationwide coverage by year-end shopping season

    The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.

    By May 28, 2024