Banking: Page 2


  • Julie Yoo against a background of greenery wearing a black shirt.
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    Permission granted by Andreessen Horowitz
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    Q&A

    Andreessen Horowitz circles healthcare payments

    A health tech partner at the venture capital firm outlined her fintech investment thesis and why the healthcare industry is at an inflection point.

    By Rebecca Pifer • Sept. 1, 2023
  • Bank of America ATMs are seen in NYC.
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    Mario Tama via Getty Images
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    Average out-of-network ATM fees up by a penny: Bankrate

    Banks are charging more for out-of-network withdrawals as ATMs slowly disappear and consumers rely less on cash and checks.

    By Tatiana Walk-Morris • Sept. 1, 2023
  • Drawing of different digital crime images Explore the Trendline
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    Olga Naumova via Getty Images
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    Trendline

    Rising payments fraud triggers new cyber-security tools

    As criminals advance their schemes for digital payments fraud, cyber-security firms are racing to keep up. In-person payments fraud hasn’t gone away either.

    By Payments Dive staff
  • Two people sending money to each other through a digital wallet app on their smartphones.
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    MStudioImages via Getty Images
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    Zelle transaction volume jumps

    Second-quarter transaction volume at the bank-owned peer-to-peer payments app rose 10% over the first quarter, parent Early Warning Services said.

    By Sept. 1, 2023
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    Win McNamee via Getty Images
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    Durbin, Marshall lambaste card fee increases

    Sens. Dick Durbin and Roger Marshall railed against expected credit card fee increases following a report that hikes are planned for October and April.

    By Sept. 1, 2023
  • A bicycle delivery person in a city checking an address on a mobile app.
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    South_agency/E+ via Getty Images
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    Opinion

    Why on-demand pay lures employees

    Employers can better compete for gig workers, and other employees, by offering instant payment of wages, one fintech president argues.

    By Charles Rosenblatt • Aug. 31, 2023
  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    Google joins OpenWallet Foundation

    "We look forward to working closely with other OWF members to advocate for solutions that ensure we’re building a privacy-forward wallet for everyone,” Google Wallet Vice President Jenny Cheng said.

    By Aug. 31, 2023
  • One person holds out a hardware device and the other person taps a watch to the device, with fitness center weights in the background.
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    Permission granted by Joe Rauch
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    Elavon, Ingenico team on new payments tool

    U.S. Bank’s payments software unit is locking arms with the French hardware-maker to take on a raft of competitors targeting small businesses.

    By Aug. 30, 2023
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Visa, Mastercard eye price increases: WSJ

    Card issuing banks and their card network partners are poised to increase fees they charge merchants as soon as October, The Wall Street Journal reported.

    By Aug. 30, 2023
  • Empty executive chairs sitting in what appears to be an office
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    Bet_Noire via Getty Images
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    Column

    Incoming payments CEOs usher industry into new era

    A spate of CEO appointments this year reflects an era of change and competition that’s likely to keep driving turmoil and advances in the industry.

    By Aug. 28, 2023
  • A human hand holding a black block displaying the letter "x"
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    Dan Kitwood via Getty Images
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    X adds state money licenses in pursuit of payments

    The social media company, formerly known as Twitter, advanced its payments strategy by collecting two more state money transmitter licenses.

    By Aug. 28, 2023
  • Tom Panther
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    Courtesy of Fleetcor
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    Fleetcor CFO targets M&A, sales

    The Atlanta-based payments player’s new CFO doesn’t believe the M&A deal pendulum has fully swung over to a buyer’s market.

    By Maura Webber Sadovi • Aug. 27, 2023
  • An exterior image of the Marqeta headquarters building in Oakland, California.
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    Permission granted by Marqeta.

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    Marqeta expands embedded finance clientele

    Embedded finance accounted for over half of fintech’s new bookings in the first half of 2023, and it’s lining up more clients for the service.

    By Aug. 25, 2023
  • Shopify partners with Affirm.
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    Courtesy of Affirm
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    Affirm takes slow approach to card

    After recasting its card strategy, the buy now, pay later provider is taking a gradual approach to adding new cardholders, teasing more rewards to come.

    By Aug. 25, 2023
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    Justin Sullivan via Getty Images
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    PayNearMe partners with Dollar General

    The deal increases PayNearMe's retailer footprint by one-third, bringing the ability to pay bills in cash to more Americans.

    By Gabrielle Saulsbery • Aug. 24, 2023
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images
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    Opinion

    Why the CCCA is ‘ill-informed’

    A payments processing consultant argues that the Credit Card Competition Act isn’t the way to spur more competition in the industry.

    By James Shepherd • Aug. 24, 2023
  • Worker sits at counter in establishment with money and papers in front of him interacting with an employee.
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    Brent Stirton via Getty Images
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    Swift makes progress on some G20 cross-border payments goals

    The international cooperative reports improvements in meeting some G20 cross-border payments goals, but says the industry is falling short on others.

    By Debbie Carlson • Aug. 24, 2023
  • People milling in front of an FIS conference booth
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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    FIS hires outsider for CFO

    The mega-processor tapped a seasoned CFO, with experience from Walgreens and Kraft, to replace a company insider elevated to the role a year ago.

    By Maura Webber Sadovi , Aug. 23, 2023
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    Retrieved from Flickr/RikkisRefuge.
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    US check use for payments exceeds other countries: Fed

    Although there has been a drop in U.S. check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed.

    By Tatiana Walk-Morris • Aug. 22, 2023
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    Jon Cherry via Getty Images
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    ClassWallet draws $95M in funding

    The company raised the money after government agencies and school districts lined up for its digital payments and fund management services.

    By Tatiana Walk-Morris • Aug. 21, 2023
  • The back of a bike courier with an Uber Eats bag.
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    Sean Gallup/Getty Images via Getty Images
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    EWA advocates push back on Maryland guidance

    At least one earned wage access advocate is pushing back on Maryland’s recent guidance that labels some on-demand wage offerings as loans.

    By Aug. 17, 2023
  • Elon Musk
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    Retrieved from Daniel Oberhaus/Wikimedia Commons on April 18, 2022
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    Sociable: Behind Musk’s X app payments vision

    Elon Musk wants you to use his X app for all types of banking and payments. That will require a leap of faith from consumers.

    By Andrew Hutchinson • Aug. 17, 2023
  • Discover Financial CEO Roger Hochschild
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
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    Discover ‘acting with urgency’ on Hochschild replacement

    Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

    By Aug. 17, 2023
  • Bank sign on glass wall of business center
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    ultramarine5 via Getty Images
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    Jack Henry & Associates trims workforce

    The bank payment and technology services provider has offered an early retirement program that it expects to pare 160 employees.

    By Aug. 17, 2023
  • People shop for merchandise in a retail store in New York City.
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    Spencer Platt / Staff via Getty Images
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    Consumer spending rose 4% in July: Fiserv

    The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

    By Tatiana Walk-Morris • Aug. 16, 2023
  • View of PayPal logo outside of company headquarters
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    Justin Sullivan via Getty Images
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    Can PayPal’s incoming CEO jump-start profitable growth?

    The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

    By Aug. 15, 2023