Banking


  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Mastercard to be dinged by Discover deal

    While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.

    By Feb. 21, 2024
  • The Capital One logo is displayed on the side of its headquarters in McLean, Va.
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    Win McNamee via Getty Images
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    Capital One-Discover deal may spark antitrust concern

    While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.

    By Feb. 21, 2024
  • Explore the Trendline
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    Tanaonte via Getty Images
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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
  • American Express credit card.
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    Courtesy of American Express
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    Amex to expand ATM cash access

    The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.

    By Feb. 20, 2024
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC.
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    Chip Somodevilla via Getty Images
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    Cross-border payments remain focus for Fed

    Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

    By Feb. 20, 2024
  • PayPal logo in front of a glass building with shrubery in the foreground
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    Justin Sullivan via Getty Images
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    PayPal invests in AI startup Rasa

    The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.

    By Tatiana Walk-Morris • Feb. 20, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Win McNamee / Staff via Getty Images
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    Capital One to acquire Discover in $35.3B deal

    The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

    By Dan Ennis • Feb. 20, 2024
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    Bet_Noire via Getty Images
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    Same-day payments drive ACH increase: Nacha

    Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.

    By Tatiana Walk-Morris • Feb. 15, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Global Payments may pare operations

    While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.

    By Feb. 15, 2024
  • Buy now, pay later
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    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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    BNPL popularity rises among ‘financially fragile’ consumers

    About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

    By Feb. 15, 2024
  • Sen. Dick Durbin with his hand up and another congressional colleague in the background.
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    Chip Somodevilla via Getty Images
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    Senator calls card CEOs on congressional carpet

    Sen. Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

    By Feb. 14, 2024
  • An Adyen office in Amsterdam
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    Anna Hrushka/Payments Dive
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    Q&A

    Adyen eyes growth in North America

    Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.

    By Feb. 14, 2024
  • A gold American Express card being passed between two hands
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    Joe Raedle via Getty Images
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    Amex gears up for bigger bank category

    Given its asset growth, the card issuer anticipates facing more stringent regulatory requirements and more frequent stress tests.

    By Feb. 13, 2024
  • U.S. Treasury Secretary Janet Yellen testifies before the House Committee on Financial Services
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    Win McNamee via Getty Images
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    Yellen asks Congress for stablecoin legislation

    Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.”

    By Feb. 13, 2024
  • Shot of PayPal headquarters
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    Justin Sullivan via Getty Images
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    PayPal’s Rabinovitch takes Worldpay CFO seat

    Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company after a recent rocky history for the business.

    By Grace Noto • Feb. 13, 2024
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    Delmaine Donson via Getty Images
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    More than half of P2P fraud victims lose money: AARP

    “When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

    By Tatiana Walk-Morris • Feb. 12, 2024
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    Justin Sullivan / Staff via Getty Images
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    Bill Holdings, Bank of America revamp contract

    The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.

    By Feb. 12, 2024
  • A Western Union sign light up in a busy Athens street.
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    Lynne Marek/Payments Dive
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    Western Union, Euronet lean into digital growth

    The cross-border payments companies are increasingly turning to digital services to drive growth in a market that is “a bare-knuckle street fight every single day.”

    By Feb. 9, 2024
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    jariyawat thinsandee via Getty Images
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    Q&A

    Banks should step up scam response: fraud expert

    With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

    By Feb. 9, 2024
  • PayPal building in San Jose
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    Justin Sullivan via Getty Images
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    PayPal cost-cutting likely to persist

    The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.

    By Feb. 8, 2024
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    Permission granted by Aeropay
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    Aeropay partners with Cross River, UBank on sports gaming payouts

    Digital payments provider Aeropay has lined up bank partners in an effort to facilitate faster access to winnings.

    By Gabrielle Saulsbery • Feb. 8, 2024
  • Open banking
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    anyaberkut via Getty Images
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    Opinion

    CFPB open banking proposal will be crucial

    The agency’s open banking proposal is a step in the right direction, but details of the policy will shape how the market develops, a regulatory adviser writes in this op-ed.

    By Jonah Crane • Feb. 8, 2024
  • credit cards
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    Retrieved from Flickr/frankieleon.
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    Card debt climbs to record $1.13 trillion

    Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.

    By Feb. 7, 2024
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv
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    Fiserv CEO details special bank charter pursuit

    The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.

    By Feb. 7, 2024
  • A purple Peterbilt Model 579.
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    Courtesy of Peterbilt
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    Fleet fintech ditches Visa for Mastercard

    Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

    By Feb. 6, 2024
  • Frank Bisignano, Fiserv CEO
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv lands Uber, eBay as debit network clients

    The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

    By Feb. 6, 2024