Banking: Page 55


  • A plastic-gloved hand gives a $100 bill to another hand.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Paymentus to accept payments via Green Dot Network

    Paymentus is tapping Green Dot’s network to extend the number of locations where it accepts cash bill payments from consumers.

    By Tatiana Walk-Morris • Jan. 23, 2023
  • Global currency symbols with skyscrapers in background
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    International coalition pursues cross-border payments improvements

    In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

    By Jan. 23, 2023
  • Trendline

    Digital wallets proliferate as features advance

    As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

    By Payments Dive staff
  • A cashier hands a shopper their credit card
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Earnings preview: Payments companies face up to 4Q

    How economic stress challenged payments companies in the final months of 2022 will be closely watched in upcoming earnings reports.

    By Caitlin Mullen • Jan. 23, 2023
  • A young coffee shop worker entering the order into the a digital display screen.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    FIS director resigns after appointment last month

    An FIS director resigned last week after being appointed to the board in December, and the payments processor appointed two new directors.

    By Jan. 20, 2023
  • Hand holding phone
    Image attribution tooltip
    Courtesy of Splitit/Jenny Volanakis
    Image attribution tooltip

    Splitit targets tech assets for acquisition

    Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

    By Suman Bhattacharyya • Jan. 19, 2023
  • Online business payments
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Payoneer tees up Webster Bank exec for CFO

    Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after current CFO Michael Levine steps away from the role.

    By Grace Noto • Jan. 19, 2023
  • young couple renting an apartment
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Flexible rent payment options gain ground

    A growing number of companies are bringing buy now, pay later to the rental market as inflation drives up housing costs and renters struggle to pay on time.

    By Robyn Griggs Lawrence • Jan. 18, 2023
  • Stacks of $100 bills being produced.
    Image attribution tooltip
    Mark Wilson via Getty Images
    Image attribution tooltip

    US payments startup funding cut in half last year

    Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.

    By Caitlin Mullen • Jan. 18, 2023
  • Stack of credit cards spread out
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Bank card spending volume slows

    The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.

    By Caitlin Mullen • Jan. 17, 2023
  • Max Levchin is the ceo of Affirm
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Affirm users jolted by multiple charges

    The buy now, pay later provider said it encountered a “technical issue” that has now been resolved, with user transactions to be corrected at banks within a week.

    By Jan. 13, 2023
  • Mobile phone with currency icons floating above it
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    PayPal, Visa team on faster cross-border payments

    PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.

    By Jan. 13, 2023
  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    2023 Payments Outlook

    These payments companies could be acquisition targets

    With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

    By Caitlin Mullen • Jan. 12, 2023
  • American Express sticker on a window
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Amex acquires B2B automation company Nipendo

    The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market. 

    By Caitlin Mullen • Jan. 12, 2023
  • Clipboard with small business loan application form and pen on wooden desk background.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Banks, fintechs battle over SBA’s proposal

    Vice President Kamala Harris has said opening the SBA’s flagship lending program to fintechs would increase loans in underserved markets.

    By Anna Hrushka • Jan. 11, 2023
  • Accounts payable and receivable
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Paya purchase bolsters Nuvei for economic downturn

    With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

    By Jan. 11, 2023
  • Image attribution tooltip
    Peter_Cho via Getty Images
    Image attribution tooltip

    Fintech funding tumbled in 2022

    U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

    By Caitlin Mullen • Jan. 11, 2023
  • Business person handles accounting
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Deep Dive // 2023 Payments Outlook

    6 payments trends to watch in 2023

    FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

    By , Caitlin Mullen • Jan. 10, 2023
  • Paper boat flowing down a downward facing arrow
    Image attribution tooltip

    Adobe Stock/artinspiring/bbk22

    Image attribution tooltip
    Sponsored by Paymerang

    Recession-proofing a business starts in the accounts payable department

    How AP Automation can help you survive and thrive during times of economic uncertainty.

    Jan. 9, 2023
  • card on phone with flashes emanating
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Extend targets hiring, expansion

    The virtual corporate card and expense management services company plans to increase its workforce by 20% as it expands in the U.S. and abroad.

    By , Caitlin Mullen • Jan. 8, 2023
  • Senator sitting in chamber holds up paper
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    Durbin to reintroduce credit card competition bill

    The Democrat’s bill takes aim at the Visa-Mastercard duopoly, but faces an uphill battle for passage in a House controlled by Republicans. 

    By Jan. 6, 2023
  • Phone in hand with 'pay' button showing
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Opinion

    Can anything challenge ACH?

    The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

    By Shamir Karkal • Jan. 6, 2023
  • Two hands holding credit cards.
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Card industry’s fraud-fighting efforts pay off: Nilson Report

    Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

    By Caitlin Mullen • Jan. 5, 2023
  • David Watson
    Image attribution tooltip
    Permission granted by Gregory MacSweeney
    Image attribution tooltip

    Clearing House, Swift appoint top executives

    The companies tapped new leaders as they seek to build international cross-border payment systems amid rising global competition.

    By Tatiana Walk-Morris • Jan. 5, 2023
  • Image attribution tooltip
    Dan Kitwood/Getty Images News via Getty Images
    Image attribution tooltip

    Fed, OCC, FDIC issue joint warning on crypto risks

    The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

    By Gabrielle Saulsbery • Jan. 4, 2023
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    2023 Payments Outlook

    Payments deals may climb in 2023

    While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

    By Jan. 4, 2023