Banking: Page 2

  • Close shot of the U.S. Capitol dome against the bright blue sky.
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    Brendan Hoffman via Getty Images

    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 Feb. 27, 2023
  • Remitly's digital bank Passbook targets immigrants.
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    Permission granted by Remitly

    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
  • Animated computer with face on it and verification seemingly in process Explore the Trendline
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    Elena Lukyanova via Getty Images

    Growing 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
  • cryptocurrency graphic
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    Dan Kitwood via Getty Images

    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 GO2bank
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    Courtesy of Green Dot

    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 Feb. 24, 2023
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    Joe Raedle via Getty Images

    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 Feb. 24, 2023
  • GoDaddy banner hangs outside of the New York Stock Exchange
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    Spencer Platt via Getty Images

    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
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC.
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    Chip Somodevilla via Getty Images

    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 Feb. 23, 2023
  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images

    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
  • Interior of Discover Financial Services customer care center building
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    Courtesy of Discover Financial Services

    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 Financial CEO Roger Hochschild
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    Permission granted by Discover

    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 Feb. 22, 2023
  • A$AP Rocky and Klarna team up for global campaign
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    Courtesy of Klarna

    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 Feb. 22, 2023
  • Rifle on counter at gun store with hands of two people showing an apparent transaction.
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    Scott Olson via Getty Images

    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 Feb. 21, 2023
  • Entrance to CFPB building
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    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 Feb. 21, 2023
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images

    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
  • credit cards
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    Joe Raedle via Getty Images

    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
  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images

    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 Feb. 16, 2023
  • Branch card is used
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    Courtesy of Branch

    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 Feb. 16, 2023
  • Juice bar merchant takes card for transaction.
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    jacoblund via Getty Images

    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 Feb. 15, 2023
  • Stack of credit cards spread out
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    bernie_photo via Getty Images

    Credit metrics creep toward prepandemic levels

    Delinquency rates for Discover, Synchrony and Bread all rose in January relative to December levels. 

    By Feb. 15, 2023
  • Mobile phone with currency symbols
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    hqrloveq via Getty Images

    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 Feb. 15, 2023
  • Contactless payment at supermarket checkout
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    ferrantraite via Getty Images

    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 Feb. 14, 2023
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive

    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
  • Guns are shown in a gun store as a person passes by
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    Spencer Platt / Staff via Getty Images

    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 Feb. 13, 2023
  • Stephanie Ferris head shot
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    Courtesy of FIS

    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 Feb. 13, 2023
  • Global Payments CEO Jeff Sloan
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    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 Feb. 10, 2023