Banking


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    Khaosai Wongnatthakan via Getty Images

    Consumers tap BNPL for larger purchases

    Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.

    By Tatiana Walk-Morris • Sept. 29, 2022
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    Nastasic via Getty Images

    Banks take stock of payment fraud threats

    Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

    By Suman Bhattacharyya • Sept. 28, 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
  • A picture of a woman holding up a credit card in front of a laptop.
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    wichayada suwanachun via Getty Images

    DoorDash teams with Chase, Mastercard on credit card

    Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.

    By Julie Littman • Sept. 27, 2022
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    Opinion

    Busting the myths on FedNow

    Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.

    By Jessica Cheney • Sept. 27, 2022
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    "PNC" by ParentingPatch is licensed under CC BY-SA 3.0

    PNC buys restaurant point-of-sale firm Linga

    The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.

    By Anna Hrushka • Sept. 27, 2022
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    Poike via Getty Images

    Banc of California acquires Deepstack in payment processing play

    The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.

    By Anna Hrushka • Sept. 26, 2022
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    Drew Angerer via Getty Images

    Bank CEOs defend Zelle in Senate hearing

    Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

    By Anna Hrushka • Sept. 23, 2022
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    Alex Wong via Getty Images

    Republicans grill bank CEOs on merchant gun code

    GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.

    By Anna Hrushka • Sept. 22, 2022
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    Justin Sullivan via Getty Images

    Visa eyes B2B, remittances for growth

    Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.

    By Sept. 21, 2022
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    gorodenkoff via Getty Images

    Profits slip for small businesses: survey

    Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.

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

    House lawmakers add credit card competition bill

    Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”

    By Sept. 20, 2022
  • Modern Treasury CEO Dimitri Dadiomov
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    Permission granted by Terry Banks

    Modern Treasury, Goldman Sachs team up

    The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.

    By Tatiana Walk-Morris • Sept. 19, 2022
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    Permission granted by MoneyGram

    MoneyGram CEO bullish on stablecoins

    The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.

    By Suman Bhattacharyya • Sept. 19, 2022
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    Anna Moneymaker via Getty Images

    Biden advances digital asset regulation

    The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

    By Anna Hrushka • Sept. 16, 2022
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    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB mulls rules for BNPL

    The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.

    By Sept. 15, 2022
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    alexialex via Getty Images

    Amex, Discover see lasting credit changes

    The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.

    By Sept. 15, 2022
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images

    Visa raises concerns on new gun code

    Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.

    By Sept. 14, 2022
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv CEO downplays margin pressure

    CEO Frank Bisignano said expenses related to “synergy work” have tapered off, with benefits becoming visible in the second half of the year.

    By Sept. 14, 2022
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    andresr via Getty Images

    Holiday spending to rise 7.1%: Mastercard

    The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season. 

    By Tatiana Walk-Morris • Sept. 13, 2022
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    Courtesy of Early Warning Services (parent company of Zelle)

    Zelle counters scam talk with growth rates

    The instant payments brand is highlighting a double-digit growth rate for its peer-to-peer payments tool and downplaying scams on its system.

    By Sept. 12, 2022
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images

    Visa to adopt new coding for gun merchants

    Card network juggernaut Visa said it will adhere to a new standard for identifying independent gun shops with a unique merchant code after an international body adopted the new approach last week.

    By Caitlin Mullen and Lynne Marek • Sept. 12, 2022
  • JPMorgan Chase sign in front of building in street level view.
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    Chris Hondros via Getty Images

    JPMorgan buys payments firm Renovite

    The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

    By Sept. 12, 2022
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    Spencer Platt / Staff via Getty Images

    Gun merchant code approved for card purchases

    An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

    By Caitlin Mullen • Updated Sept. 9, 2022
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    Justin Sullivan/Getty Images via Getty Images

    Google invests in new cohort of Black entrepreneurs

    The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

    By Tatiana Walk-Morris • Sept. 9, 2022
  • Michael Barr
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    Tasos Katopodis via Getty Images

    New Fed official speaks to payments, crypto and FedNow

    Here are 10 takeaways from the Fed's new head of supervision, on everything from payments to crypto to FedNow.

    By Dan Ennis • Sept. 8, 2022