Banking: Page 2
-
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 -
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 -
Explore the Trendline➔
Olga Naumova via Getty ImagesTrendlineRising 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 -
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 James Pothen • Sept. 1, 2023 -
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 Lynne Marek • Sept. 1, 2023 -
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 -
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 James Pothen • Aug. 31, 2023 -
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 Lynne Marek • Aug. 30, 2023 -
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 Lynne Marek • Aug. 30, 2023 -
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 Lynne Marek • Aug. 28, 2023 -
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 James Pothen • Aug. 28, 2023 -
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 -
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 James Pothen • Aug. 25, 2023 -
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 Lynne Marek • Aug. 25, 2023 -
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 -
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 -
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 -
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 , Lynne Marek • Aug. 23, 2023 -
Retrieved from Flickr/RikkisRefuge.
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 -
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 -
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 Lynne Marek • Aug. 17, 2023 -
Retrieved from Daniel Oberhaus/Wikimedia Commons on April 18, 2022
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 -
Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
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 Caitlin Mullen • Aug. 17, 2023 -
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 Lynne Marek • Aug. 17, 2023 -
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 -
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 Lynne Marek • Aug. 15, 2023