Banking: Page 42
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The image by Ted Eytan is licensed under CC BY-SA 2.0
CFPB funding is constitutional, 2nd Circuit court rules
The decision creates a clear conflict between the Second and Fifth Circuits, providing the Supreme Court with further incentive to directly resolve the issue, said an attorney at Dorsey & Whitney.
By Anna Hrushka • March 24, 2023 -
CFPB seeks to improve credit card transparency
The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.
By Tatiana Walk-Morris • March 24, 2023 -
Explore the Trendline➔
ArtemisDiana via Getty ImagesTrendlineCross-border payments targeted for upgrades
When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.
By Payments Dive staff -
FedNow attracts real-time payments early adopters
Companies partnering with the Federal Reserve to test the real-time payments system see it as a way to draw customers and get an edge on rivals.
By Lynne Marek • March 23, 2023 -
Q&A
Bank failures could cause SMB credit crunch
The future small business lending landscape and opportunities for fintechs are shifting in the wake of Silicon Valley Bank’s collapse, according to one fintech CEO.
By Anna Hrushka • March 22, 2023 -
Nacha CEO counts FedNow as competition
Although FedNow will be a competitor to the ACH network, it’s also poised to fill current gaps in the system, Nacha CEO Jane Larimer said Monday.
By Caitlin Mullen • March 21, 2023 -
Amex shareholders to vote on abortion-related proposal
The card company sought to block the proposal from facing a shareholder vote at Amex’s annual meeting in May, but the SEC said it must be voted on.
By Caitlin Mullen • March 21, 2023 -
Apto Payments, Sardine team on anti-fraud tools
Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.
By Tatiana Walk-Morris • March 20, 2023 -
Western Union CEO gives rivals respect
The legacy money transfer company has lost the advantage of scale over younger fintechs like Remitly and Wise, but it’s discounting digital services to claw back customers.
By Lynne Marek • March 20, 2023 -
Brex, other fintechs stand by troubled banks
After a week of several high-profile bank failures and near-failures, some fintechs don’t see jumping ship as an option.
By Gabrielle Saulsbery • March 17, 2023 -
Democrats slam card CEOs on gun code
A group of attorneys general took card company CEOs to task for pulling an about-face on implementing the gun merchant category code.
By Caitlin Mullen • March 16, 2023 -
Payments execs detail SVB impact
The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.
By Caitlin Mullen , Lynne Marek • March 16, 2023 -
FedNow aims for late end of launch period
The Federal Reserve is targeting July, as opposed to the earlier end of its prior range, for starting its new real-time payments service.
By Lynne Marek • March 16, 2023 -
Visa, Mastercard depict bank failure impact
As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.
By Lynne Marek • March 15, 2023 -
Fiserv, Jack Henry CEOs react to bank crisis
Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.
By Caitlin Mullen , Lynne Marek • March 15, 2023 -
Amex bets on millennials, Gen Z for growth
As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.
By Caitlin Mullen • March 14, 2023 -
Tilia C-suite gets overhaul
The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.
By Lynne Marek • March 14, 2023 -
Retail brands react to Silicon Valley Bank’s collapse
The merchants explained how the SVB situation had affected their sales, online commerce, payments and finances.
By Dani James • March 13, 2023 -
Payments players caught in SVB fallout
As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.
By Lynne Marek , Caitlin Mullen • March 13, 2023 -
February retail, restaurant sales rise: Mastercard
U.S. retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.
By Tatiana Walk-Morris • March 10, 2023 -
FedNow may draw in low-income users
The real-time payments system due later this year could have particular appeal to unbanked and underbanked Americans, Fed researchers say.
By Lynne Marek • March 9, 2023 -
Brex offers ChatGPT-style tools
The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.
By Alexei Alexis • March 8, 2023 -
PayPal CFO hits the exit
PayPal CFO Blake Jorgensen, who has been on a medical leave since September, left his role Tuesday.
By Lynne Marek • March 7, 2023 -
Paymentus picks ex-TiVo exec for CFO
The electronic billing and payment company’s CFO hire comes less than a month after it handed a change in control and severance agreement to its then interim CFO.
By Maura Webber Sadovi • March 7, 2023 -
Banking technology provider Amount cut 25% of staff
The Chicago-based fintech, which was valued at $1 billion in 2021, recently initiated its second round of layoffs in less than a year.
By Anna Hrushka • March 6, 2023 -
PayPal leans on Venmo for growth
While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.
By Lynne Marek • March 6, 2023