Banking: Page 23
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Waystar envisions $20B healthcare payments market
The software provider offered its outlook as it seeks to take the company public and expand its business.
By Lynne Marek • June 6, 2024 -
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Amex dismisses impact of eBay’s rejection
EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.
By Patrick Cooley • June 6, 2024 -
Explore the Trendline➔
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TrendlineTop 5 stories from Payments Dive
The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.
By Payments Dive staff -
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Pot payments players crave federal reforms
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
By Patrick Cooley • June 5, 2024 -
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Top JPMorgan payments executive exits
Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.
By Lynne Marek • June 4, 2024 -
Retrieved from Flickr/RikkisRefuge.
Q&AConsumers, businesses diverge in payment trends
Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.
By Lynne Marek • June 3, 2024 -
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Zelle faces Senate probe on fraud
“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.
By James Pothen • May 31, 2024 -
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Are digital wallets safer than debit cards?
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
By Patrick Cooley • May 31, 2024 -
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Mastercard floats crypto credential service
The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.
By Tatiana Walk-Morris • May 31, 2024 -
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OpinionCFPB seeks to thwart cross-border junk fees. Now what?
“Putting these regulations into practice is challenging, and the success of such regulatory measures largely hinges on enforcement,” writes a Wise executive.
By Rina Wulfing • May 30, 2024 -
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Investments for payments startups trickle in
Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.
By Lynne Marek • May 30, 2024 -
Courtesy of Klarna
Klarna uses AI to cut marketing costs
The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.
By Chris Kelly • May 29, 2024 -
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Debit cards face rising digital wallet competition
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.
By Patrick Cooley • May 29, 2024 -
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DailyPay CEO exits for another top job
Kevin Coop left the earned wage access provider for a healthcare market research firm, with Stacy Greiner appointed CEO on an interim basis.
By Lynne Marek • May 29, 2024 -
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Paze targets nationwide coverage by year-end shopping season
The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.
By James Pothen • May 28, 2024 -
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Visa preps for US pay-by-bank services
The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.
By Lynne Marek • May 28, 2024 -
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Walmart and Capital One break up
The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.
By Lynne Marek • May 24, 2024 -
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Businesses boost use of digital wallets: Fed
Business use of digital wallets rose last year more than their use of many other forms of payment, according to a survey commissioned by the Federal Reserve’s financial services unit.
By Tatiana Walk-Morris • May 24, 2024 -
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Cash App aims to add more features
Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.
By James Pothen • May 24, 2024 -
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OpinionLet’s avoid legal patchwork for credit card surcharging
“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.
By Jonathan Razi and Keturah Taylor • May 23, 2024 -
Courtesy of Mastercard
Mastercard CEO outlines int’l ambitions
Mastercard has set its sights on expanding in China, Japan and elsewhere, Michael Miebach said in spelling out the company’s worldview. Last year, the company drew two-thirds of revenue from outside North America.
By Lynne Marek • May 21, 2024 -
Permission granted by Block
Sorry Cash App, Gen Z still wants bank branches
Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.
By James Pothen • May 21, 2024 -
Lynne Marek/Payments Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
Lynne Marek/Payments Dive
Fed plays crucial role in payments standard-setting
Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.
By Lynne Marek • May 20, 2024 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
OpinionCFPB should reconsider prepaid rule
The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.
By Brian Tate • May 17, 2024 -
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Brex CFO mulls long-term IPO scenario
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
By Grace Noto • May 17, 2024
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