Banking


  • Elon Musk X
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    Leon Neal via Getty Images
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    Musk calls for end to CFPB

    The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.

    By Gabrielle Saulsbery • Dec. 2, 2024
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    AsiaVision via Getty Images
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    Consumers grab credit cards for holiday shopping

    Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.

    By Tatiana Walk-Morris • Dec. 2, 2024
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    innni via Getty Images
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    Trendline

    Payments players eye digital B2B opportunity

    Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.

    By Payments Dive staff
  • Credit card and payment type logos Visa, Mastercard, Discover and American Express displayed on drive-up window.
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    Lynne Marek/Payments Dive
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    Credit card delinquencies mount, Fed says

    Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.

    By Nov. 27, 2024
  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Democrats bash CapOne-Discover merger proposal

    A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.

    By Nov. 26, 2024
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    Dan Kitwood via Getty Images
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    Q&A

    Ex-PayPal CEO opines on everything from crypto to Cobol

    Bill Harris, who briefly led the payments pioneer, talks about the U.S. lagging in payments innovation, and the potential of stablecoins.

    By Nov. 26, 2024
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    Visa to boost credit card fees next year

    The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

    By Nov. 25, 2024
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    1401461124 via Getty Images
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    Real-time payments scams rise

    More people are falling for real-time payment scams as the use of such speedy systems increases, a FICO survey showed. 

    By Nov. 22, 2024
  • Discover sign at driveway entrance to headquarters with flowers in front.
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    Lynne Marek/Payments Dive
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    Richmond Fed seeks more CapOne-Discover input

    The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.

    By Nov. 22, 2024
  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB tweaks big tech payments rule

    In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.

    By Nov. 21, 2024
  • Washington DC, USA skyline on the Potomac River.
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    Sean Pavone via Getty Images
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    DC attorney general sues EarnIn over ‘deceptive’ marketing

    The fintech couches its “cash out” product as earned wage access, but it’s a loan that, at times, carries 300% interest with a poorly disclosed fee for “instant” payouts, the AG said.

    By Dan Ennis • Nov. 20, 2024
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    Sean Rayford via Getty Images
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    Opinion

    How passing the CCCA would benefit nonprofits

    "Nonprofits and charities need every penny they can get to make effective change in times of crisis, yet big banks and credit card companies continue to take their cut," writes one policy analyst.

    By Hassan Tyler • Nov. 20, 2024
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    Win McNamee via Getty Images
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    Senate grills Visa, Mastercard executives over swipe fees

    Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

    By Nov. 19, 2024
  • Exterior of the state capitol of Illinois in Springfield, IL
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    rruntsch via Getty Images
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    State interchange fee legislation makes meager progress

    As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

    By Nov. 18, 2024
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    Dan Kitwood/Getty Images News via Getty Images
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    Opinion

    Payments players should embrace digital currencies

    “Emerging currencies, digital assets, and even next-generation fiat options could be integrated thoughtfully, allowing companies to access new markets,” writes one industry chief revenue officer.

    By Ryan Miller • Nov. 15, 2024
  • A picture of an Uber Mastercard
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    Courtesy of Uber
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    Mastercard aims to cancel manual card entry by 2030

    The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

    By Tatiana Walk-Morris • Nov. 15, 2024
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    Anna Moneymaker via Getty Images
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    Column

    Durbin gives credit card bill another Senate push

    Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

    By Nov. 14, 2024
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Private sector merits ‘significant’ payments footprint, Waller says

    The Federal Reserve must consider when to make up for private sector shortcomings in payments, while keeping its role limited, board member Christopher Waller said Tuesday.

    By Tatiana Walk-Morris • Nov. 13, 2024
  • Person uses credit card to buy online
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    Nastasic via Getty Images
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    Young people fall prey to payments fraudsters

    Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

    By Nov. 12, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Will Shift4 scoop up Lightspeed?

    The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

    By Nov. 11, 2024
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    Warchi via Getty Images
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    Q&A

    Open banking to move toward FDX standard

    Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

    By Nov. 11, 2024
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    Techa Tungateja via Getty Images
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    Visa pinpoints rising fraud threats

    In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

    By Tatiana Walk-Morris • Nov. 10, 2024
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    Joe Raedle via Getty Images
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    Afterpay to arrive on 24M Cash App cards

    The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

    By Patrick Cooley • Nov. 8, 2024
  • Person stands outside building in front of ATM with things in his hands and plastic bag at his feet, with two people walking by behind.
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    Niccolo Guasti via Getty Images
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    Remitly, Payoneer cross-border payments climb

    Payments volume soared for the money transfer fintechs during the third quarter. Meanwhile, revenue at legacy rival Western Union slipped.

    By Nov. 8, 2024
  • Donald Trump stands against a backdrop of supporters.
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    Chip Somodevilla via Getty Images
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    How Trump’s administration may rework payments policies

    The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

    By Lynne Marek and Patrick Cooley • Nov. 7, 2024
  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    Paze gets new leader amid slow start

    Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service. 

    By Nov. 7, 2024