Banking: Page 15
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FTV Capital raises $4B for more B2B investments
The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10.2 billion.
By Patrick Cooley • Jan. 9, 2025 -
Courtesy of U.S. Senate Committee on Health, Education, Labor and Pensions
ColumnWill Trump and Sanders lock arms to cap credit card interest rates?
The senator and incoming president partnering on a cap proposal may not be as far-fetched as the payments and banking industries would hope.
By Lynne Marek • Jan. 7, 2025 -
Explore the Trendline➔
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TrendlineDigital wallets proliferate as features advance
As more companies aim to offer digital wallets the rise in competition is sharpening their features.
By Payments Dive staff -
Anna Moneymaker / Staff via Getty Images
CFPB details BNPL, EWA supervision for first time
In its latest supervisory overview, the Consumer Financial Protection Bureau included a review of buy now, pay later and earned wage access examinations.
By Lynne Marek • Jan. 6, 2025 -
Courtesy of Affirm
Debit card decline issue persists for Affirm
The buy now, pay later firm has a team working to correct a problem with some customers experiencing debit card declines, the company CFO said in December.
By Patrick Cooley • Jan. 3, 2025 -
Anna Moneymaker via Getty Images
Merchants, banks spar over Fed’s debit card fee proposal
Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.
By Lynne Marek • Jan. 3, 2025 -
Courtesy of DoorDash
Fiserv swallows gig rival Payfare
The mega payments processor bought a Canadian digital banking provider after the two jockeyed for business from the delivery company DoorDash.
By Patrick Cooley • Jan. 2, 2025 -
Courtesy of Early Warning Services (parent company of Zelle)
CFPB sues Early Warning Services over Zelle
The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester" on the digital system.
By Lynne Marek • Dec. 20, 2024 -
Permission granted by Amazon.
Visa spots tripling of fraud over holiday weekend
The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.
By Tatiana Walk-Morris • Dec. 19, 2024 -
Getty Images/Staff via Getty Images
BVNK raises $50M to fuel US expansion
The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.
By Tatiana Walk-Morris • Dec. 18, 2024 -
Joe Raedle / Staff via Getty Images
CFPB swats at retail credit cards
The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.
By Lynne Marek • Dec. 18, 2024 -
Joe Raedle / Staff via Getty Images
Merchants maneuver as Visa enforces surcharge program
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
By Shefali Kapadia • Dec. 17, 2024 -
Chris McGrath/Getty Images Europe via Getty Images
What role do stablecoins play in the payments industry?
With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.
By Patrick Cooley • Dec. 17, 2024 -
Drew Angerer / Staff via Getty Images
U.S. Bank CEO talks payments split
Dividing its payments unit into two segments under different leaders points to the significance of the business at the bank, said Andy Cecere, the lender’s chief executive.
By Caitlin Mullen • Dec. 16, 2024 -
Lynne Marek/Payments Dive
Q&ANacha CEO talks 2025 trends
Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.
By Lynne Marek • Dec. 16, 2024 -
Permission granted by American Express
Amex keeps focus on younger customers
The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.
By Patrick Cooley • Dec. 16, 2024 -
Joe Raedle / Staff via Getty Images
Ex-TD employee charged in debit card case
The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.
By Dan Ennis • Dec. 13, 2024 -
Courtesy of PayPal
PayPal to boost prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
By Lynne Marek • Dec. 12, 2024 -
Dan Kitwood via Getty Images
OpinionBanks scramble to meet new ISO standard
“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.
By Robert Turner • Dec. 12, 2024 -
Spencer Platt / Staff via Getty Images
BofA corporate client app surpasses $1 trillion in payments
Payments approved over the app are expected to rise 25% this year, echoing a similar increase last year over 2022.
By Tatiana Walk-Morris • Dec. 11, 2024 -
Anna Webber via Getty Images
Afterpay to drive Cash App growth, executive says
Once users have signed up for the Cash App card, Block can convince them to use other Block products, a company executive said.
By Patrick Cooley • Dec. 11, 2024 -
Lynne Marek/Payments Dive
FIS nears capital markets acquisition
The financial tech provider is on the cusp of making a purchase, at the same time that it’s grappling with employee severance costs, its CFO said last week.
By Lynne Marek • Dec. 9, 2024 -
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Struggling businesses pile on credit card debt, survey shows
Nearly two-thirds of financially unhealthy businesses fail to pay their monthly credit card bill in full, the results of a marketing research survey showed.
By Patrick Cooley • Dec. 9, 2024 -
Courtesy of Comerica
CFPB sues Comerica for ‘systematically failing’ federal benefits receivers
The federal agency alleged the bank fell short of its responsibility to some 3.4 million cardholders who depend on receiving federal benefits through prepaid debit cards.
By Gabrielle Saulsbery • Dec. 9, 2024 -
H. Armstrong Roberts via Getty Images
Q&AKeeping cash may be critical for a resilient payment system
Climate change, wars and societal benefits should lead the U.S. to maintain greenbacks as an alternative to electronic money, one business professor argues, but he’s worried about preserving it.
By Lynne Marek • Dec. 9, 2024 -
Matt Winkelmeyer / Staff via Getty Images
Crypto leaders have knives out for attorneys leaving the SEC
Coinbase and Ripple executives want law firms not to hire lawyers who worked on lawsuits against them.
By Robert Freedman • Dec. 6, 2024
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