Banking


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    Shift4 buys European payments provider for $126M

    The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

    By Dec. 5, 2022
  • Panel blasts fintechs for missing PPP fraud

    Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday.

    By Anna Hrushka • Dec. 2, 2022
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    Trendline

    Cross-border payments targeted for upgrades

    When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

    By Payments Dive staff
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    Oatawa via Getty Images

    Affirm mulls consumer, merchant fee increases

    The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

    By Dec. 2, 2022
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    Credit card delinquencies, charge-offs climb

    Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

    By Dec. 1, 2022
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    Justin Sullivan via Getty Images

    Amex debuts B2B payments system

    The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

    By Tatiana Walk-Morris • Dec. 1, 2022
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    FIS, Fiserv could benefit from credit legislation

    Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

    By Nov. 30, 2022
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    ACI charts 15% rise in holiday e-commerce

    The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

    By Nov. 30, 2022
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    Justin Sullivan via Getty Images

    Visa growth tapers in October, November

    The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

    By Nov. 29, 2022
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    Banks discuss refund rule for customers defrauded on Zelle: report

    Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.

    By Anna Hrushka • Nov. 28, 2022
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    NJ official: No reason to doubt Fiserv job growth plan

    Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.

    By Nov. 28, 2022
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    Justin Sullivan via Getty Images

    PayPal counts on its digital app for gains

    The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

    By Nov. 28, 2022
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    Winners, losers on Black Friday

    With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.

    By Dani James • Nov. 28, 2022
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    Sponsored by U.S. Bank

    Rethinking payments and expenses to adapt to remote-work realities

    The work of reimbursing employees slows down the pace of business for organizations.

    Nov. 28, 2022
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    JPMorgan’s crypto wallet trademark is approved

    The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and is at odds with some statements by its CEO.

    By Dan Ennis • Nov. 22, 2022
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    FIS may cut thousands of workers, Bloomberg reports

    The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program.

    By Nov. 22, 2022
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    Demand for credit cards climbed this year

    Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate.

    By Nov. 22, 2022
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    PayZen raises $20M, lands debt facility

    The fintech aims to extend buy now-pay later financing options to consumers for healthcare payments.

    By Tatiana Walk-Morris • Nov. 21, 2022
  • A person sits in front of a computer online shopping while a Christmas lights are in the background.
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    Anchiy via Getty Images

    Holiday shoppers boost card use this year

    Families of all income levels plan to increase holiday spending this year, and they expect to rely more heavily on credit cards for their purchases.

    By Tatiana Walk-Morris • Nov. 21, 2022
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    Justin Sullivan via Getty Images

    Visa’s next CEO sees a world of growth

    Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

    By Nov. 21, 2022
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    World Cup offers stage for payments tech

    While one card network giant has grabbed center stage at the World Cup event in Qatar, other payments companies have landed bit roles too.

    By Tatiana Walk-Morris • Nov. 21, 2022
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    Visa names new CEO for next year

    Visa President Ryan McInerney will become the card network company’s next CEO next February as Al Kelly exits that role to become executive chairman.

    By Nov. 18, 2022
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    bernie_photo via Getty Images

    Card debt mounts for younger, less affluent borrowers

    Debt burdens and delinquencies are rising more rapidly for younger and less wealthy borrowers, the New York Federal Reserve Bank researchers said.

    By Nov. 18, 2022
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    Construction payments firm Billd lands $100M credit line

    The debt facility will feed two of the company’s app-based cash flow products.

    By Matthew Thibault • Nov. 18, 2022
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    Column

    Can Congress come together on crypto?

    Perhaps even a divided Congress can make bipartisan headway in crafting a regulatory framework for crypto following the FTX failure.

    By Nov. 17, 2022
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    NY Fed launches CBDC project with Mastercard, big banks

    Mastercard and big banks such as Citi, Wells Fargo, BNY Mellon and U.S. Bank are set to participate in the proof-of-concept trial.

    By Rajashree Chakravarty • Nov. 16, 2022