Banking: Page 2
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Battle over expected Durbin bill ensues
A credit union trade group railed against expected credit card processing legislation aimed at Visa and Mastercard before a bill has even been introduced in Congress this year.
By Lynne Marek • Feb. 27, 2023 -
Remitly to shutter digital banking platform Passbook
The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.
By Anna Hrushka • Feb. 27, 2023 -
Explore the Trendlineâž”
Elena Lukyanova via Getty ImagesTrendlineGrowing fraud boosts focus on identifying customers
With cybercriminals morphing and multiplying in the COVID-19 era, businesses on the counter-attack and government regulators are racing to keep up.
By Payments Dive staff -
Transparency key to crypto’s next phase: Circle CFO
USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.
By Grace Noto • Feb. 24, 2023 -
Green Dot juggles customer changes
The banking-as-a-service company posted profits in the final quarter of last year even as it recovered from the loss of clients.
By Lynne Marek • Feb. 24, 2023 -
Block boosts Ahuja’s responsibilities
Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.
By Caitlin Mullen • Feb. 24, 2023 -
GoDaddy launches payable domain service
GoDaddy now offers its business owner clients a digital payment tool that is customizable to their company branding.
By Tatiana Walk-Morris • Feb. 24, 2023 -
FedNow aims to avoid Zelle-type fraud
As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.
By Lynne Marek • Feb. 23, 2023 -
Same-day, B2B payments fuel ACH growth
Last year’s same-day ACH limit increase helped nearly double that category’s total payment compared to 2021, Nacha said.
By Tatiana Walk-Morris • Feb. 23, 2023 -
Discover launches tech website
The card company joined the Linux Foundation and Fintech Open Source Foundation as part of a broader investment into its developer ecosphere.
By Matt Ashare • Feb. 23, 2023 -
Discover debit reboot gets marketing assist
The card company is betting its soon-to-be relaunched debit account services will help it better compete with fintech and neobank rivals.
By Caitlin Mullen • Feb. 22, 2023 -
Klarna touts US as largest market
The Swedish buy now, pay later provider aims to keep growing in the U.S. with new services despite the intense competition.
By Lynne Marek • Feb. 22, 2023 -
Discover to implement gun code in April: report
The newly published code will be part of Discover’s policy and product update for merchants and payment partners in April, a spokesperson told Reuters.
By Caitlin Mullen • Feb. 21, 2023 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB warns card issuers on credit reports
The Consumer Financial Protection Bureau has threatened action over card issuers not reporting full consumer payment data for tracking credit histories.
By Lynne Marek • Feb. 21, 2023 -
Credit card debt surpasses pre-pandemic levels: Fed
Despite a pause in payments required for federal student loans, younger borrowers particularly are showing higher credit card delinquencies.
By Tatiana Walk-Morris • Feb. 17, 2023 -
Paymentus hands interim CFO severance benefits
The company called the severance benefits’ approval a formality. But one expert said it is likely a retention strategy designed to encourage the interim CFO to “stick around.”
By Maura Webber Sadovi • Feb. 16, 2023 -
Column
Debit routing rule tables turned on regulators
Bank card issuers say there isn’t enough network competition to meet the July debit card routing rule deadline, adopting regulators’ argument to push back.
By Lynne Marek • Feb. 16, 2023 -
Branch draws Uber, others into fold
After landing Uber as a client, the worker payment services company has recently attracted other logistics and delivery clients with help from that big name.
By Caitlin Mullen • Feb. 16, 2023 -
Retailers oppose banks seeking more time on debit routing rule
Banks requested a delay in implementing a debit routing rule, but a retail and merchant trade group argued it’s high time the card issuers comply.
By Lynne Marek • Feb. 15, 2023 -
Credit metrics creep toward prepandemic levels
Delinquency rates for Discover, Synchrony and Bread all rose in January relative to December levels.
By Caitlin Mullen • Feb. 15, 2023 -
Payments firms gear up for new ISO standard
The Clearing House and other payments players, including Swift, are readying for the March rollout of a international payments standard.
By Lynne Marek • Feb. 15, 2023 -
Back to the future with Worldpay
FIS CEO Stephanie Ferris and her Worldpay sidekick Charles Drucker, reclaiming a role at the business, will be under pressure to avoid “dis-synergies.”
By Lynne Marek • Feb. 14, 2023 -
Crypto regulation shouldn’t smother innovation: Fed’s Waller
The Fed governor highlighted the benefits of smart contracts, as well as the potential for tokenization as a privacy tool, in a speech Friday.
By Rajashree Chakravarty • Feb. 13, 2023 -
Gun merchant code to be published this month
Once it’s published, use of the new code “is eventually left up to the users in the industry,” an ISO spokesperson said.
By Caitlin Mullen • Feb. 13, 2023 -
FIS plans to spin off merchant unit
The payments processor plans to spin off its merchant business, which will reclaim its Worldpay name, and appointed its former CEO, Charles Drucker, to lead the unit.
By Lynne Marek • Feb. 13, 2023 -
Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments sells gaming unit for $415M
Like the company’s $1 billion sale of its Netspend consumer unit, the divestiture reflects efforts to refine its portfolio, said Global Payments CEO Jeff Sloan.
By Caitlin Mullen • Feb. 10, 2023