Banking

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.

By Tatiana Walk-Morris • Sept. 29, 2022

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.

By Suman Bhattacharyya • Sept. 28, 2022

Explore the Trendline➔

Buy now-pay later payments proliferate

More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool.

By Payments Dive staff

DoorDash teams with Chase, Mastercard on credit card

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

By Julie Littman • Sept. 27, 2022

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.

By Jessica Cheney • Sept. 27, 2022

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.

By Anna Hrushka • Sept. 27, 2022

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.

By Anna Hrushka • Sept. 26, 2022

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.

By Anna Hrushka • Sept. 23, 2022

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.

By Anna Hrushka • Sept. 22, 2022

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.

By Lynne Marek • Sept. 21, 2022

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.

By Tatiana Walk-Morris • Sept. 21, 2022

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.”

By Caitlin Mullen • Sept. 20, 2022

Modern Treasury, Goldman Sachs team up

The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.

By Tatiana Walk-Morris • Sept. 19, 2022

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.

By Suman Bhattacharyya • Sept. 19, 2022

Biden advances digital asset regulation

The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

By Anna Hrushka • Sept. 16, 2022

CFPB mulls rules for BNPL

The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

By Lynne Marek • Sept. 15, 2022

Amex, Discover see lasting credit changes

The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

By Caitlin Mullen • Sept. 15, 2022

Visa raises concerns on new gun code

Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.

By Lynne Marek • Sept. 14, 2022

Fiserv CEO downplays margin pressure

CEO Frank Bisignano said expenses related to “synergy work” have tapered off, with benefits becoming visible in the second half of the year.

By Caitlin Mullen • Sept. 14, 2022

Holiday spending to rise 7.1%: Mastercard

The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season. 

By Tatiana Walk-Morris • Sept. 13, 2022

Zelle counters scam talk with growth rates

The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

By Lynne Marek • Sept. 12, 2022

Visa to adopt new coding for gun merchants

Card network juggernaut Visa said it will adhere to a new standard for identifying independent gun shops with a unique merchant code after an international body adopted the new approach last week.

By Caitlin Mullen and Lynne Marek • Sept. 12, 2022

JPMorgan buys payments firm Renovite

The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

By Lynne Marek • Sept. 12, 2022

Gun merchant code approved for card purchases

An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

By Caitlin Mullen • Updated Sept. 9, 2022

Google invests in new cohort of Black entrepreneurs

The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

By Tatiana Walk-Morris • Sept. 9, 2022

New Fed official speaks to payments, crypto and FedNow

Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow.

By Dan Ennis • Sept. 8, 2022