Banking
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Block defends against short seller allegations
The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.
By Caitlin Mullen • March 30, 2023 -
US remains a laggard in real-time payments: report
Though the U.S. lags behind other countries, the Federal Reserve is preparing to launch its own real-time payments infrastructure.
By Tatiana Walk-Morris • March 30, 2023 -
Explore the Trendline➔
Elena Lukyanova via Getty ImagesTrendlineGrowing fraud boosts focus on identifying customers
With cybercriminals morphing and multiplying in the COVID-19 era, businesses on the counter-attack and government regulators are racing to keep up.
By Payments Dive staff -
Synchrony mulls creating a digital wallet
The private label card company behind many retailers’ credit options may develop its own digital wallet, but for now it’s deferring to others’ wallets.
By Lynne Marek • March 29, 2023 -
Analysts call on Block to share anti-fraud details
Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.
By Caitlin Mullen • March 29, 2023 -
Apple rolls out initial BNPL service
The tech giant delivered an initial version of its long-awaited buy now, pay later service for select U.S. users, with plans for a broader launch later this year.
By Lynne Marek • March 29, 2023 -
Credit card spending topped $13T last year: FIS report
Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline.
By Tatiana Walk-Morris • March 28, 2023 -
Tandym adds retailers for rewards programs
The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.
By Lynne Marek • March 27, 2023 -
Sponsored by Justt
Visa says the recession is irrelevant at Merchant Risk Council 2023
Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.
By Ronen Shnidman • March 27, 2023 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB funding is constitutional, 2nd Circuit court rules
The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.
By Anna Hrushka • March 24, 2023 -
CFPB seeks to improve credit card transparency
The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.
By Tatiana Walk-Morris • March 24, 2023 -
FedNow attracts real-time payments early adopters
Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.
By Lynne Marek • March 23, 2023 -
Q&A
Bank failures could cause SMB credit crunch
The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.
By Anna Hrushka • March 22, 2023 -
Nacha CEO counts FedNow as competition
Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.
By Caitlin Mullen • March 21, 2023 -
Amex shareholders to vote on abortion-related proposal
The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.
By Caitlin Mullen • March 21, 2023 -
Apto Payments, Sardine team on anti-fraud tools
Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.
By Tatiana Walk-Morris • March 20, 2023 -
Western Union CEO gives rivals respect
The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.
By Lynne Marek • March 20, 2023 -
Brex, other fintechs stand by troubled banks
After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.
By Gabrielle Saulsbery • March 17, 2023 -
Democrats slam card CEOs on gun code
A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.
By Caitlin Mullen • March 16, 2023 -
Payments execs detail SVB impact
The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.
By Caitlin Mullen , Lynne Marek • March 16, 2023 -
FedNow aims for late end of launch period
The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.
By Lynne Marek • March 16, 2023 -
Visa, Mastercard depict bank failure impact
As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.
By Lynne Marek • March 15, 2023 -
Fiserv, Jack Henry CEOs react to bank crisis
Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.
By Caitlin Mullen , Lynne Marek • March 15, 2023 -
Amex bets on millennials, Gen Z for growth
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
By Caitlin Mullen • March 14, 2023 -
Tilia C-suite gets overhaul
The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.
By Lynne Marek • March 14, 2023 -
Retail brands react to Silicon Valley Bank’s collapse
The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.
By Dani James • March 13, 2023