Banking


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    Discover spends big to attract new cardholders

    The card company’s marketing spend in the fourth quarter was up 70% over the same period last year, as it campaigned to attract new account holders.

    By Jan. 20, 2022
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    Chip Somodevilla via Getty Images

    Fed's long-awaited CBDC report arrives

    "While the existing U.S. payment system is generally effective and efficient, certain challenges remain," the Fed paper says. "A significant number of Americans currently lack access to digital banking and payment services."

    By Jan. 20, 2022
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    Payments pros demand top dollar in talent war

    It’s become a “candidates’ market” with companies desperate to hire or retain payments executives and offering up to 30% premiums to lure professionals in short supply.

    By Jan. 20, 2022
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    Courtesy of Mastercard

    Mastercard links with Instacart on new card

    Mastercard has lined up two new partnerships this week, bringing its card benefits to the grocery store aisle as well as the NFT marketplace.

    By Jan. 19, 2022
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    Quinn Rooney / Staff via Getty Images

    Settlement in Amazon-Visa dispute may be near

    Amazon backed off a threat to stop taking Visa credit cards in the U.K. this week, as the two companies issued statements suggesting they'll avoid a pitched battle over "swipe" fees.

    By Jan. 18, 2022
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    Chip Somodevilla via Getty Images

    Powell says Fed paper on CBDC is weeks away

    The oft-delayed digital currency white paper is coming "within weeks," Powell said Tuesday, but is "an exercise in asking questions and seeking input ... rather than taking a lot of positions."

    By Dan Ennis • Jan. 13, 2022
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    Alex Wong via Getty Images

    Merchant group prods Fed on debit routing proposal

    The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.

    By Jan. 12, 2022
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    Justin Sullivan via Getty Images

    Is there an expiration date on Visa's main growth engine?

    One analyst thinks so. Mizuho Securities Analyst Dan Dolev, who has been covering Visa for about three years, downgraded his rating on the largest U.S. card network company because he expects time is running out on consumers converting from cash to cards.

    By Jan. 11, 2022
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    Courtesy of Sam's Club
    Opinion

    Card reward programs are the rising tide to lift all boats

    The chairman of the Electronic Payments Coalition argues "Americans— regardless of income—love their credit card rewards programs." And the programs benefit consumers and merchants alike, he contends.

    By Jeff Tassey • Jan. 11, 2022
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    Crypto, privacy lead legislative priorities for payment trade group

    The Electronic Transactions Association said legislative moves related to those issues will be among the most important it's tracking this year at the state and federal government levels.

    By Jan. 7, 2022
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    Retrieved from Ono Kosuki from Pexels.

    ATMs headed the way of the payphone

    As cash use declines, ATMs are disappearing. The U.S. count for such automated tellers peaked in 2019 and is headed down, according to data from the research firm Euromonitor International.

    By Jan. 7, 2022
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    Sean Gallup / Staff via Getty Images

    The potential payments peril of punishing Russia

    The international community is weighing kicking Russia out of the Swift global payments network as a sanction for the country's aggression in Ukraine, but it could backfire.

    By Jan. 6, 2022
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    Zhanna Hapanovich via Getty Images

    Payments deals pile up in 2021

    More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.

    By Jan. 5, 2022
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    Opinion

    Payments are becoming invisible. Here's why that's a good thing.

    "The next great evolution will see payments fully disappear into simplified, holistic commerce platforms," according to a U.S. Bank payments executive. That new era "will be here faster than you think."

    By Shailesh Kotwal • Jan. 4, 2022
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    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

    By , , Jan. 4, 2022
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    Payments firms raised record sums in 2021

    It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.

    By Dec. 28, 2021
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    Community banks group launches lower-cost P2P option

    Unlike other platforms, the new alternative to Zelle lets consumers send money over the platform of their choice.

    By Dec. 22, 2021
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    Community banks form payments network to compete with Zelle: report

    Community bank innovation consortium Alloy Labs Alliance will manage the network in partnership with Payrailz, a digital payments company, Forbes reported. 

    By Anna Hrushka • Dec. 20, 2021
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    Bankers group presses CFPB to expand tech probe

    Independent Community Bankers of America is urging the Consumer Financial Protection Bureau to sweep data aggregators into its inquiry into the practices of payment tech companies.

    By Dec. 20, 2021
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    Payhawk plans 2022 New York office opening

    The Sofia-based company raised more than $130 million this year, arming it to take on U.S. rivals in providing business clients with payments management tools.

    By Ted Jackson • Dec. 17, 2021
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    Klarna extends BNPL to all online retailers

    After acquiring the Dutch marketing software company Piggy, the Swedish buy now-pay later company is folding automatic couponing and price drop notifications into its offering and expanding the reach of its services.

    By Tatiana Walk-Morris • Dec. 15, 2021
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    ViewApart via Getty Images

    Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.

    Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.

    By Maria Monteros • Dec. 15, 2021
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    Sponsored by Justt

    Moving toward a services-oriented future in acquiring

    The future growth of the acquiring business is in providing value-added services to small and medium enterprises.

    Dec. 13, 2021
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    Megan Quinn/Payments Dive

    Crypto execs urge regulation tailored to risks

    They told lawmakers at a Wednesday hearing on Capitol Hill that nothing short of U.S. leadership in the field of digital assets is at stake.

    By Dan Ennis • Dec. 10, 2021
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    Jeenah Moon via Getty Images

    Microsoft shoppers get another BNPL option

    Microsoft tapped Citizens Bank to offer its customers more options for spreading out their purchases as the buy now-pay later space becomes crowded.

    By Dec. 10, 2021