Banking: Page 16
-
Win McNamee via Getty Images
Opponents of Capital One-Discover merger to air grievances
Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.
By Patrick Cooley • July 18, 2024 -
Scott Olson / Staff via Getty Images
Discover to sell student loan portfolio to Carlyle, KKR in $10.8B deal
The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.
By Caitlin Mullen • July 17, 2024 -
Explore the Trendlineâž”
ArtemisDiana via Getty Images
TrendlineCross-border payments targeted for upgrades
When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.
By Payments Dive staff -
Matt Winkelmeyer via Getty Images
Stripe leads the way to Q2 fundraising recovery
Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.
By Lynne Marek • July 17, 2024 -
Lynne Marek/Payments Dive
FedNow zooms past RTP participation in inaugural year
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
By Lynne Marek • July 16, 2024 -
Permission granted by Lynne Marek
Prepaid card spending accelerates
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
By Patrick Cooley • July 16, 2024 -
Courtesy of Mastercard
Mastercard updates travelers on latest card precautions
With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.
By Tatiana Walk-Morris • July 15, 2024 -
Courtesy of Bank of America
BofA tackles digital payments pain points
The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.
By Maura Webber Sadovi • July 15, 2024 -
Mario Tama / Staff via Getty Images
Banks should proactively tackle instant payments fraud: BNY
Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.
By Suman Bhattcharyya • July 12, 2024 -
Julia Gomina via Getty Images
Self checkout boasts ‘record’ year: report
The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
By Tatiana Walk-Morris • July 12, 2024 -
Chris McGrath via Getty Images
Crypto theft doubles to $1.38B
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
By Alexei Alexis • July 11, 2024 -
champpixs via Getty Images
Q&AVersapay plunges ahead with new C-suite team
The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.
By Lynne Marek • July 11, 2024 -
Permission granted by The Clearing House
The Clearing House’s RTP network logs Q2 records
The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.
By Tatiana Walk-Morris • July 11, 2024 -
Mykola Pokhodzhay via Getty Images
Payroc preps for more acquisitions, envisions potential IPO
Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.
By Lynne Marek • July 10, 2024 -
Courtesy of Klarna
Klarna, Adobe partner on buy now, pay later services
The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.
By Tatiana Walk-Morris • July 9, 2024 -
Joe Raedle / Staff via Getty Images
Visa-Mastercard settlement generates thousands of claim conflicts
Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.
By Lyle Moran • July 9, 2024 -
Win McNamee / Staff via Getty Images
Congress members egg on US payments system expansion
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
By Lynne Marek • July 8, 2024 -
Scott Olson via Getty Images
Discover to settle card class actions for $1.2B
The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.
By Caitlin Mullen • July 8, 2024 -
Mario Villafuerte via Getty Images
CFPB keeps scrutiny on medical cards
The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.
By Lynne Marek • July 8, 2024 -
Creative via Getty Images
BNPL credit reporting hangs in limbo
The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?
By James Pothen • July 3, 2024 -
4nadia via Getty Images
New York BNPL bill is dead, for now
Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.
By Lynne Marek • July 2, 2024 -
Creative via Getty Images
Q&AHow buy now, pay later benefits merchants
Research from online payments processor Stripe found that providing BNPL increases the average size and total number of sales.
By Patrick Cooley • July 1, 2024 -
Anna Moneymaker / Staff via Getty Images
Supreme Court lets complaint on debit fees proceed
The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.
By Lynne Marek • July 1, 2024 -
Bet_Noire via Getty Images
Atlanta Fed taps payments head for operations chief
Cheryl Venable is exiting her role as chief of payments operations for the Federal Reserve Financial Services to take the new post.
By Lynne Marek • June 28, 2024 -
whyframestudio via Getty Images
Chuck morphs into a new Alloy Labs-backed effort
Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.
By Lynne Marek • June 27, 2024 -
Dan Kitwood / Staff via Getty Images
Crypto firm Abra settles with 25 states for operating without a license
Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.
By Gabrielle Saulsbery • June 27, 2024
Previous
