Banking: Page 23
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US, Europe lock arms on payments regulation
U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.
By Lynne Marek • April 15, 2024 -
Q&A
Gen Z clings to new payment tools
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
By Lynne Marek • April 12, 2024 -
Explore the Trendlineâž”
tommy via Getty ImagesTrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Opinion
Digital wallets must take hold in B2B
“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes an industry manager.
By Lakshmi Sushma Daggubati • April 12, 2024 -
EWA providers seek to steer state legislation
Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.
By Lynne Marek • April 11, 2024 -
Mastercard appoints three C-suite execs
As part of the leadership changes and a corporate realignment, a long-time executive is also leaving the card network company.
By Tatiana Walk-Morris • April 11, 2024 -
PayPal’s new CEO lands $42M pay package
The bulk of that compensation stems from a major stock grant handed to Alex Chriss when he took the digital payments company’s top post last year.
By Lynne Marek • April 10, 2024 -
Capital One’s Discover bid tops biggest Q1 tech-related deals
The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.
By Alexei Alexis • April 10, 2024 -
CFPB, DOJ boost teamwork on cases
The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.
By James Pothen • April 9, 2024 -
Visa, Mastercard CEOs throw hearing off track
Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.
By Lynne Marek • April 9, 2024 -
Fiserv CEO compensation rose last year to $28M
Compensation for Fiserv CEO Frank Bisignano climbed 57% over 2022, as the value of stock awarded to him surged and he received a $3 million cash bonus.
By Lynne Marek • April 8, 2024 -
Tension brews over healthcare payments: JPMorgan
Healthcare consumers are often confused about the bill payment process, while providers grapple with delays and high collection costs, according to a survey by the bank.
By Tatiana Walk-Morris • April 8, 2024 -
Virtual marketplaces risk real losses: CFPB
Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.
By James Pothen • April 5, 2024 -
Opinion
EWA shouldn’t be regulated like loans
“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.
By Darcy Tuer • April 5, 2024 -
Photo by Bia Santana from Pexels.
Fiserv to let Brazilians use Pix in US
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
By Lynne Marek • April 4, 2024 -
NY Fed enters cross-border tokenization effort
The central bank will join six other central banks in exploring blockchain technology to speed up international payments.
By James Pothen • April 4, 2024 -
Treasury Prime, Narmi partner to offer FedNow service
The partnership aims to simplify and accelerate the adoption of FedNow by small and medium-sized financial institutions in Treasury Prime’s network.
By Rajashree Chakravarty • April 3, 2024 -
Credit card complaints jumped 38% last year: CFPB
The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.
By James Pothen • April 3, 2024 -
Nuvei goes private in stock sale to Advent
The sale of the Canadian payments processor’s stock to the private equity firm will hand some investors a $560 million windfall.
By Lynne Marek • April 2, 2024 -
How Amex is entangled in the Visa-Mastercard settlement
The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.
By Lynne Marek • April 1, 2024 -
Sponsored by U.S. Bank
Stay competitive: Enhance your payment experience with U.S. Bank Card as a Service (CaaS)
For many companies, CaaS not only improves the customer experience but also yields expected—and sometimes unexpected—benefits for the business.
April 1, 2024 -
CFPB targets ‘bait-and-switch’ card reward programs
Major credit card providers saddle rewards programs with fees and interest, burdening consumers who carry balances, CFPB Director Rohit Chopra said.
By James Pothen • March 27, 2024 -
Discover CEO to exit for Ally
Michael G. Rhodes, who took the top post at Discover this year, is leaving to become the next CEO of the bank Ally.
By Caitlin Mullen • March 27, 2024 -
Walmart can end Capital One card tie early, judge says
It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.
By Caitlin Mullen • March 27, 2024 -
NY Assembly bill counters governor on BNPL
A New York assemblymember has introduced a buy now, pay later bill, countering one introduced in the governor’s budget bill.
By Lynne Marek • March 27, 2024 -
Capital One pledges to give Discover’s network a boost
Dominated by Visa and Mastercard, card network markets “sorely need an injection of competitive rivalry,” Capital One argued in its application to regulators to purchase Discover.
By Caitlin Mullen • March 26, 2024