Banking: Page 2


  • aeropay gaming screen
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    Permission granted by Aeropay
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    Aeropay partners with Cross River, UBank on sports gaming payouts

    Digital payments provider Aeropay has lined up bank partners in an effort to facilitate faster access to winnings.

    By Gabrielle Saulsbery • Feb. 8, 2024
  • Open banking
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    anyaberkut via Getty Images
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    Opinion

    CFPB open banking proposal will be crucial

    The agency’s open banking proposal is a step in the right direction, but details of the policy will shape how the market develops, a regulatory adviser writes in this op-ed.

    By Jonah Crane • Feb. 8, 2024
  • Explore the Trendline
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    Tanaonte via Getty Images
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    Trendline

    Buy now-pay later payments proliferate

    More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool.

    By Payments Dive staff
  • credit cards
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    Retrieved from Flickr/frankieleon.
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    Card debt climbs to record $1.13 trillion

    Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.

    By Feb. 7, 2024
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv
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    Fiserv CEO details special bank charter pursuit

    The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.

    By Feb. 7, 2024
  • A purple Peterbilt Model 579.
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    Courtesy of Peterbilt
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    Fleet fintech ditches Visa for Mastercard

    Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

    By Feb. 6, 2024
  • Frank Bisignano, Fiserv CEO
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv lands Uber, eBay as debit network clients

    The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

    By Feb. 6, 2024
  • An digital sign for a purse, listing price and other color options, with a retail store in the background.
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    gorodenkoff via Getty Images
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    Why ‘pay-by-bank’ faces adoption hurdles in US retail

    Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.

    By Feb. 5, 2024
  • An image of a hand holding a smart phone with the DoorDash homepage.
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    Permission granted by DoorDash
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    Opinion

    Where will embedded payments flourish in 2024?

    There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

    By Julio Gomez • Feb. 5, 2024
  • Angel Diaz, VP of technology capabilities and innovation at Discover Financial Services, delivers a keynote presentation at KubeCon North America 2024 on November 09, 2023 in Chicago.
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    Permission granted by Discover Financial Services
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    Why Discover went all-in on open source

    The card network’s tech leadership eased the product development process, removing barriers to innovation and opening pathways for engineers to advance.

    By Matt Ashare • Feb. 2, 2024
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Payments companies’ job cuts may not be done

    PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

    By Feb. 2, 2024
  • CFPB Director Rohit Chopra speaks in front of the House Financial Services Committee.
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    Anna Moneymaker via Getty Images
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    Lawmakers clash on CFPB digital payment rule

    Democratic senators said the proposed rule would curb “rampant” fraud, while Republican Congress members said it would introduce “regulatory uncertainty.”

    By Feb. 1, 2024
  • Header image for "China's Economic Slowdown: What CFOs Should Know"
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    Getty Images via Getty Images
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    Mastercard preps for China business

    The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.

    By Feb. 1, 2024
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    NY AG sues Citi over denied fraud claims

    “If a bank cannot secure its customers’ accounts, they are failing in their most basic duty,” New York Attorney General Letitia James said in a statement Tuesday.

    By Dan Ennis • Jan. 31, 2024
  • Woman paying contactless at the cash register.
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    iStock/lechatnoir

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    What’s ahead for payments in 2024

    The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely. 

    By Jan. 31, 2024
  • Rifles are shown in a gun store
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    Brandon Bell/Getty Images via Getty Images
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    Colorado lawmakers seek to require gun code use

    Democratic legislators in the state have introduced a bill that’s similar to the law California passed last year requiring use of a gun merchant category code. 

    By Jan. 31, 2024
  • PayPal sign outside in front of parking lot with cars in background.
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    Justin Sullivan via Getty Images
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    PayPal to cut 9% of workforce to bolster efficiency

    The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.

    By Jan. 30, 2024
  • The front of the U.S. Capital with white clouds and blue sky.
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    Sara Samora/Payments Dive
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    Payments regulation and legislation abound in 2024

    Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

    By Jan. 30, 2024
  • Lina Khan
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    Chip Somodevilla via Getty Images
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    FTC, FloatMe reach $3M settlement

    The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.

    By Jan. 29, 2024
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Visa debit payments growth slows

    The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.

    By Jan. 29, 2024
  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    Mastercard, TCH to enhance RTP network

    The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said. 

    By Tatiana Walk-Morris • Jan. 29, 2024
  • American Express sticker on a window
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    Justin Sullivan via Getty Images
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    Customer demand ebbs for Amex

    Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.

    By Jan. 26, 2024
  • CFPB Director Rohit Chopra
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    Chip Somodevilla via Getty Images
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    CFPB eyes NSF fee ban for transactions declined in real time

    It’s an uncommon penalty, but the federal agency asserts that as technology advances, financial institutions may be able to block more transactions at the time of a swipe, tap or click.

    By Gabrielle Saulsbery • Jan. 26, 2024
  • A man in a suit speaks at a podium.
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    Kena Betancur / Stringer via Getty Images
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    Manhattan DA seeks tighter payment app security

    “No longer is the smartphone itself the most lucrative target for scammers and robbers – it’s the financial apps contained within,” District Attorney Alvin Bragg Jr. said.

    By Jan. 25, 2024
  • A young man delivers food down a flight of stairs.
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    M_a_y_a via Getty Images
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    Maryland EWA legislation draws protest

    A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.

    By Jan. 25, 2024
  • Customer pays at business
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    Creative via Getty Images
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    Rivals may chase Fiserv special bank charter lead

    If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

    By Jan. 25, 2024