Banking
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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 Lynne Marek • June 6, 2023 -
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 Caitlin Mullen • June 6, 2023 -
Explore the Trendlineâž”
NatalyaBurova via Getty ImagesTrendlineFraud 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 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 Lynne Marek • June 5, 2023 -
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 -
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 Lynne Marek • June 5, 2023 -
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 Caitlin Mullen • June 5, 2023 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
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 Lynne Marek • June 2, 2023 -
Discover relaunches debit account
After shelving the debit account last year due to fraud issues, the card company has relaunched the service.
By Caitlin Mullen • June 2, 2023 -
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 , Lynne Marek • June 1, 2023 -
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 Lynne Marek • June 1, 2023 -
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 Lynne Marek • May 31, 2023 -
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 Caitlin Mullen • May 31, 2023 -
Marqeta shuts down Australia operations
The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.
By Lynne Marek • May 30, 2023 -
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 Lynne Marek • May 26, 2023 -
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 Caitlin Mullen • May 26, 2023 -
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 Lynne Marek • May 25, 2023 -
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 -
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 -
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 Caitlin Mullen • May 24, 2023 -
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 -
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 Caitlin Mullen • May 23, 2023 -
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 Caitlin Mullen • May 22, 2023 -
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 Lynne Marek • May 22, 2023 -
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 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 Lynne Marek • May 16, 2023