Banking: Page 2
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Drew Angerer / Staff via Getty Images
U.S. Bank CEO talks payments split
Dividing its payments unit into two segments under different leaders points to the significance of the business at the bank, said Andy Cecere, the lender’s chief executive.
By Caitlin Mullen • Dec. 16, 2024 -
Lynne Marek/Payments Dive
Q&ANacha CEO talks 2025 trends
Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.
By Lynne Marek • Dec. 16, 2024 -
Explore the Trendline➔
innni via Getty Images
TrendlinePayments players eye digital B2B opportunity
Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.
By Payments Dive staff -
Permission granted by American Express
Amex keeps focus on younger customers
The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.
By Patrick Cooley • Dec. 16, 2024 -
Joe Raedle / Staff via Getty Images
Ex-TD employee charged in debit card case
The former worker issued dozens of cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.
By Dan Ennis • Dec. 13, 2024 -
Courtesy of PayPal
PayPal to boost prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
By Lynne Marek • Dec. 12, 2024 -
Dan Kitwood via Getty Images
OpinionBanks scramble to meet new ISO standard
“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.
By Robert Turner • Dec. 12, 2024 -
Spencer Platt / Staff via Getty Images
BofA corporate client app surpasses $1 trillion in payments
Payments approved over the app are expected to rise 25% this year, echoing a similar increase last year over 2022.
By Tatiana Walk-Morris • Dec. 11, 2024 -
Anna Webber via Getty Images
Afterpay to drive Cash App growth, executive says
Once users have signed up for the Cash App card, Block can convince them to use other Block products, a company executive said.
By Patrick Cooley • Dec. 11, 2024 -
Lynne Marek/Payments Dive
FIS nears capital markets acquisition
The financial tech provider is on the cusp of making a purchase, at the same time that it’s grappling with employee severance costs, its CFO said last week.
By Lynne Marek • Dec. 9, 2024 -
time99lek via Getty Images
Struggling businesses pile on credit card debt, survey shows
Nearly two-thirds of financially unhealthy businesses fail to pay their monthly credit card bill in full, the results of a marketing research survey showed.
By Patrick Cooley • Dec. 9, 2024 -
Courtesy of Comerica
CFPB sues Comerica for ‘systematically failing’ federal benefits receivers
The federal agency alleged the bank fell short of its responsibility to some 3.4 million cardholders who depend on receiving federal benefits through prepaid debit cards.
By Gabrielle Saulsbery • Dec. 9, 2024 -
H. Armstrong Roberts via Getty Images
Q&AKeeping cash may be critical for a resilient payment system
Climate change, wars and societal benefits should lead the U.S. to maintain greenbacks as an alternative to electronic money, one business professor argues, but he’s worried about preserving it.
By Lynne Marek • Dec. 9, 2024 -
Matt Winkelmeyer / Staff via Getty Images
Crypto leaders have knives out for attorneys leaving the SEC
Coinbase and Ripple executives want law firms not to hire lawyers who worked on lawsuits against them.
By Robert Freedman • Dec. 6, 2024 -
baona via Getty Images
RTP limit to rise to $10M for 2025
The Clearing House's move to increase to $10 million the amount that can be sent over its real-time network may attract more corporate use of the system.
By Tatiana Walk-Morris • Dec. 6, 2024 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv CEO tapped to lead Social Security Administration
President-elect Trump announced the nomination of Frank Bisignano late Wednesday, and the payments processor confirmed the appointment Thursday.
By Lynne Marek • Dec. 5, 2024 -
Sean Gallup via Getty Images
PayPal targets higher Braintree pricing
The digital payments pioneer is attempting to develop a more profitable unbranded business line, the company's CFO said at an investor conference this week.
By Suman Bhattacharyya • Dec. 5, 2024 -
Chip Somodevilla via Getty Images
FedNow racks up nearly $246M in annual expenses
The Federal Reserve projects the real-time payment system’s costs will climb slightly next year, from the $245.5 million it expects to spend this year.
By Lynne Marek • Dec. 4, 2024 -
Pekic via Getty Images
Global Payments spots 6 trends for next year
The payments processor predicts fraud-fighting tools, embedded payments and comprehensive point-of-sale systems will be center stage in 2025.
By Tatiana Walk-Morris • Dec. 4, 2024 -
Anna Moneymaker via Getty Images
CFPB proposes rule to rein in data brokers’ sale of consumer information
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
By Lynne Marek • Dec. 3, 2024 -
Leon Neal via Getty Images
Musk calls for end to CFPB
The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.
By Gabrielle Saulsbery • Dec. 2, 2024 -
AsiaVision via Getty Images
Consumers grab credit cards for holiday shopping
Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.
By Tatiana Walk-Morris • Dec. 2, 2024 -
Lynne Marek/Payments Dive
Credit card delinquencies mount, Fed says
Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.
By Lynne Marek • Nov. 27, 2024 -
Win McNamee via Getty Images
Democrats bash CapOne-Discover merger proposal
A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.
By Patrick Cooley • Nov. 26, 2024 -
Dan Kitwood via Getty Images
Q&AEx-PayPal CEO opines on everything from crypto to Cobol
Bill Harris, who briefly led the payments pioneer, talks about the U.S. lagging in payments innovation, and the potential of stablecoins.
By Lynne Marek • Nov. 26, 2024 -
Justin Sullivan via Getty Images
Visa to boost credit card fees next year
The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.
By Lynne Marek • Nov. 25, 2024
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