Banking


  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Auto dealers tap US Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
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    Drew Angerer via Getty Images

    Green Dot battles Uber, loses contracts

    Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.

    By Aug. 11, 2022
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    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
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    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
  • Paystamd ,buys Mexico's Yaydoo
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    Paystand buys Yaydoo in Latin American push

    Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

    By Aug. 9, 2022
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    Payments buyout burst in August signals more M&A

    A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

    By Aug. 9, 2022
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    Consumer spending rises despite inflation: Mastercard

    While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

    By Tatiana Walk-Morris • Aug. 8, 2022
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    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

    By Aug. 8, 2022
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    Courtesy of Megan Cheung

    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

    By Aug. 5, 2022
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    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

    By Aug. 5, 2022
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    FIS extends tie with Chargebacks911 to fight fraud

    The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.

    By Aug. 5, 2022
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    B2B drives Q2 payments growth: Nacha

    Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

    By Tatiana Walk-Morris • Aug. 3, 2022
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    PayPal takes new direction with Elliott

    The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

    By Aug. 3, 2022
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    Wex profits soar on rising fuel prices

    Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles. 

    By Aug. 2, 2022
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    Amex rolls out B2B digital payment tool

    American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.

    By Aug. 2, 2022
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    Legislation aimed at Visa, Mastercard lands

    A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.

    By July 29, 2022
  • A person holding a shopping cart stands in front of a row of refrigerators stocked with food at a grocery store.
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    Card CEOs react to macroeconomic threats

    Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.

    By , July 29, 2022
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    Durbin to lob bill at Visa, Mastercard

    Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition.

    By July 28, 2022
  • Fiserv CEO Frank Bisignano
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    Fiserv confronts profit margin pressure

    Higher labor and materials costs are putting pressure on the payment processor's earnings, leading the company to cut its margin expansion target for the year.

    By July 27, 2022
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    Mark Wilson via Getty Images

    Balance raises $56M for B2B payments

    The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

    By Tatiana Walk-Morris • July 26, 2022
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    Courtesy of Amazon

    Amazon opens a new wallet for sellers

    The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

    By July 26, 2022
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    Courtesy of Discover Newsroom

    Attorneys weigh case against Discover

    After Discover disclosed an internal investigation into its student loan practices, the company’s stock price dropped more than 8% on July 21, attorneys noted.

    By July 26, 2022
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    Fintech Cardless taps Amex network

    The partnership allows brands working with Cardless to take advantage of Amex’s benefits, while Amex sees the move expanding the scale of its network.

    By July 25, 2022
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    Domestic money transfer to jump nearly 50%, Juniper forecasts

    Domestic money transfer payments worldwide are likely to jump by about 50% between this year and 2026 to some 300 billion payments, research firm Juniper Research predicted in a report released today.

    By July 25, 2022
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    Amex raises growth projections

    The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.

    By July 22, 2022
  • Discover Financial CEO Roger Hochschild
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    Discover CEO pelted with queries over loan probe

    Discover Financial Services CEO Roger Hochschild said executives at the company “hope” an internal investigation of its student loan practices concludes this year, as he side-stepped analyst queries on the subject.

    By July 21, 2022