Banking: Page 14
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Courtesy of Megan Cheung
Visa taps AI analytics partner to add merchant services
The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.
By Lynne Marek • Oct. 16, 2024 -
Courtesy of Mastercard
Payments players tap M&A to build tech stacks
The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.
By Shefali Kapadia • Oct. 16, 2024 -
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TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
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Barclays replaces Goldman Sachs as GM card issuer
The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.
By Patrick Cooley • Oct. 14, 2024 -
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Treasury official calls for new regulatory framework
The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.
By Lynne Marek • Oct. 11, 2024 -
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MoneyGram attack exposed sensitive customer data
The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.
By Matt Kapko • Oct. 9, 2024 -
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Fiserv teams with Canadian company on open banking
Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.
By Patrick Cooley • Oct. 7, 2024 -
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Real-time payments to make uneven progress, report predicts
The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.
By Lynne Marek • Oct. 7, 2024 -
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Oportun inks deal to sell credit card portfolio
The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products.
By Rajashree Chakravarty • Oct. 4, 2024 -
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Fiserv nets special banking charter in Georgia
The payments processor is only the second company to win the special bank charter since Georgia made it available.
By Patrick Cooley • Oct. 4, 2024 -
Retrieved from OCC.
OCC seeks to halt Illinois card interchange fee law
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
By Lynne Marek • Oct. 3, 2024 -
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Visa expected to temper competitive moves after DOJ action
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
By Lynne Marek • Oct. 3, 2024 -
Jonathan Drake/Reuters
Hurricane Helene aftermath prompts card, cash troubles
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
By Lynne Marek • Oct. 3, 2024 -
Courtesy of Uber
Mastercard to buy Minna Technologies
The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.
By Tatiana Walk-Morris • Oct. 2, 2024 -
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P2P payments tools lack transparency, consumer group says
Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.
By Patrick Cooley • Oct. 2, 2024 -
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Visa boosts litigation funding ahead of US antitrust fight
The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.
By Justin Bachman • Oct. 1, 2024 -
Courtesy of Adyen
Fed dissects consumer use of digital payments
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
By Tatiana Walk-Morris • Sept. 30, 2024 -
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Fiserv, Wells Fargo to end joint venture
The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.
By Patrick Cooley • Sept. 27, 2024 -
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Visa to buy cybersecurity firm Featurespace
The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.
By Lynne Marek • Sept. 26, 2024 -
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FDX seeks to become open banking standard-setter
The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.
By Patrick Cooley • Sept. 26, 2024 -
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How Visa stymied big tech rivals
The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.
By Lynne Marek • Sept. 25, 2024 -
Kent Nishimura via Getty Images
DOJ suit accuses Visa of illegal debit payment monopoly
The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.
By Justin Bachman • Sept. 24, 2024 -
Justin Sullivan via Getty Images
Visa faces possible DOJ lawsuit, news reports say
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
By Lynne Marek • Sept. 24, 2024 -
Retrieved from DailyPay.
DailyPay to offer service outside US
Earned wage access provider DailyPay plans to begin offering its services outside the U.S. for the first time later this year.
By Lynne Marek • Sept. 23, 2024 -
Courtesy of Walmart
Walmart, Fiserv team to offer real-time payments
The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.
By Lynne Marek • Sept. 20, 2024 -
Courtesy of Amazon
Amazon adds PayPal option to Buy with Prime
The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.
By Tatiana Walk-Morris • Sept. 20, 2024
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