Banking: Page 2


  • Elon Musk
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    Maja Hitij via Getty Images

    Musk pushes Twitter toward payments

    “Give them some amount of money, like ten bucks or something, that they can send anywhere in the system,” said Twitter’s new owner, Elon Musk. “We need money transfer licenses for that, which we’ve applied for.”

    By Anna Hrushka • Nov. 11, 2022
  • Green Dot GO2bank
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    Courtesy of Green Dot

    Green Dot CEO taps new team

    The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

    By Nov. 11, 2022
  • Graphic of digital money transfer symbols overlaid on a map of the world Explore the Trendline
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    ArtemisDiana via Getty Images
    Trendline

    Cross-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
  • Exterior of the Federal Reserve building in Washington, D.C.
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    Anna Hrushka/Payments Dive

    CBDC could accelerate cross-border payments: NY Fed

    Researchers designed a prototype digital currency that cleared cross-border transactions within 10 seconds, but they said the study doesn’t endorse a CBDC or assume the Fed will issue one.

    By Rajashree Chakravarty • Nov. 10, 2022
  • Jason Gardner, Marqeta
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    Courtesy of Marqeta

    Marqeta lands new client, faces questions on Block

    While the company said this week that it won new business from a fintech backed by Walmart, it also faced questions over contract renewals for its biggest customer, Block. 

    By Nov. 10, 2022
  • banking technology
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    ipopba via Getty Images

    Jack Henry & Associates bucks slowdown trend

    Executives for the tech services provider asserted that their pipeline of new business remains healthy despite economic headwinds beating up the rest of the industry.

    By Nov. 9, 2022
  • Illustration with a dollar sign in the middle and a circle around it with what looks like circuitry board lines running to it.
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    Chor muang via Getty Images
    Opinion

    Preparing for the CBDC era

    Central bank digital currencies would allow for faster cross-border payments that would “help boost trade within the region and with the rest of the world,” an Equinix executive writes.

    By Lance Homer • Nov. 9, 2022
  • Max Levchin is the ceo of Affirm
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    Drew Angerer/Getty via Getty Images

    Affirm curbs hiring amid economic uncertainty

    The buy now-pay later company is pulling back on adding talent in some areas, but plunging ahead in others and seeking out talent in lower-cost regions.

    By Nov. 9, 2022
  • A laptop screen shows a login screen for an online .
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    ipopba via Getty Images

    FIS targets $500M in cost cuts

    The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

    By Nov. 9, 2022
  • Semi-automatic rifles hanging on gun shop wall.
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    artas via Getty Images
    Tracker

    How active shooters pay for guns

    Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A new Payments Dive series tracking those details seeks to inform the discussion.

    By Payments Dive staff • Nov. 8, 2022
  • the exterior of the federal reserve building in washington, dc
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    crbellette via Getty Images

    FedNow gives fee holiday in 2023

    Federal Reserve banks introducing the new instant payments system next year will jettison customer transfer and participation fees for the launch.

    By Nov. 7, 2022
  • Schulman walking outside with a name tag on his chest.
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    Kevin Dietsch via Getty Images

    PayPal girds for slowdown, leans on Apple, Amazon

    The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.

    By Nov. 4, 2022
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    Dia Dipasupil via Getty Images

    Amex’s Squeri gets $15M in stock options

    The special grant to American Express CEO Steve Squeri reflects “his outstanding leadership” at the company, Amex said in a regulatory filing.

    By Nov. 4, 2022
  • Image of Twitter feed on computer showing Elon Musk's face and a headline about this purchase of the the company.
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    Scott Olson via Getty Images

    Musk aims Twitter at payments

    Twitter’s new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren’t cut out for that game.

    By Nov. 3, 2022
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe

    Stripe chops workforce for ‘leaner times’

    The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

    By Nov. 3, 2022
  • Amazon offers merchants cash advances

    Sellers on the company’s online marketplace can access from $500 to $10 million in cash advances, with repayment based on a fixed percentage of their gross merchandise sales. 

    By Tatiana Walk-Morris • Nov. 2, 2022
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    Tero Vesalainen via Getty Images

    6 payments takeaways from big consulting firms

    Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends.

    By , , Nov. 2, 2022
  • Person holding out hand to make payment on device.
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    Courtesy of Square

    Honeywell jumps into mobile payments battle

    The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.

    By Nov. 1, 2022
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    Scott Olson via Getty Images

    Warren urges CFPB crackdown on Zelle fraud

    Sen. Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection.”

    By Anna Hrushka • Oct. 31, 2022
  • Person laying back on a couch with a computer and a credit card shopping.
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    pixdeluxe via Getty Images

    Jack Henry debuts P2P payments tool

    The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

    By Tatiana Walk-Morris • Oct. 31, 2022
  • cryptocurrency graphic
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    Dan Kitwood via Getty Images

    Deluxe aims to add crypto

    The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.

    By Oct. 31, 2022
  • Image of a phone screen with information
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    Permission granted by Banked
    Sponsored by Banked

    Mitigating fraud in the payments industry

    Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data.

    Oct. 31, 2022
  • money,dinero
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    stock photo via Getty Images

    Mastercard profit rises on consumer spending

    The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

    By Oct. 28, 2022
  • Two men sitting and a woman standing between them.
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    Permission granted by Michelle Parke

    Papaya builds cross-border payroll services

    The well-funded startup is taking on big clients and rivals in seeking to offer cross-border payroll payment services, with checks sent to workers in 72 hours.

    By Oct. 28, 2022
  • Person pulling a holiday gift out of a box.
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    kajakiki via Getty Images

    Shoppers turn to installment payments for holidays: report

    Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

    By Tatiana Walk Morris • Oct. 27, 2022
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images

    Fiserv sheds Korea unit, plans move to Milwaukee

    After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

    By Updated Oct. 28, 2022