Apple to launch high-yield savings account with Goldman Sachs

The move is the logical next step for the Apple-Goldman partnership, according to one consultant, who said the day-to-day banking product complements Apple’s Goldman-powered credit card offering.

By Anna Hrushka • Oct. 17, 2022

Warren roasts Wells Fargo’s ‘severely bad performance’ on Zelle fraud

Four of the seven banks that own Zelle reported data to the senator, but she focused her attention on Wells CEO Charlie Scharf in a letter Thursday.

By Gabrielle Saulsbery • Oct. 14, 2022

Explore the 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

Visa seeks to draw creators in

The card behemoth is partnering with other fintechs in an effort to sell creators embedded payment and financial tools.

By Lynne Marek • Oct. 14, 2022

Stripe CEO praises European regulation over US

Patrick Collison, who founded the company with his brother, gave an edge to the European Union in creating a regulatory regime where fintechs are thriving.

By Lynne Marek • Oct. 13, 2022

Reduce cyber risk as digital bill payment options expand

“Not all payment platform companies are managing operational and security as judiciously as they could, and that will eventually result in costly payment failures, customer friction, or potentially a breach,” writes PayNearMe Vice President Tim Murphy.

By Tim Murphy • Oct. 13, 2022

4 takeaways from Michael Barr’s DC Fintech Week speech

The Federal Reserve’s vice chair for supervision stressed caution for banks’ ties to crypto and spotlighted how stablecoins differ from other digital assets.

By Dan Ennis • Oct. 13, 2022

Nearly half of Gen Z, millennials to tap BNPL for holiday shopping

That buy now-pay later outlook emerged from a new Bluedot survey that also showed 43% of consumers are likely to open a new store credit card during the yearend shopping period. 

By Tatiana Walk-Morris • Oct. 12, 2022

Durbin credit card amendment hits speed bump

U.S. Sen. Dick Durbin wasn’t able to attach the Credit Card Competition Act proposal to a defense funding bill this week, but he will try again next month.

By Lynne Marek • Oct. 12, 2022

Payments deals gain momentum

Four billion-dollar payments acquisitions this year reflect industry dynamics that will drive more buyouts in coming months, analysts say.

By Lynne Marek • Oct. 11, 2022

Fiserv cuts deeper into workforce

Payment processing giant Fiserv pared more employees in recent weeks as the company seeks to boost profit margin growth amid economic turmoil.

By Caitlin Mullen • Oct. 11, 2022

Cross-border payment plays rev up

The Clearing House, Swift and rivals are jostling to speed up cross-border payments, with collaboration and competition likely to emerge at an international conference this week.

By Lynne Marek • Oct. 10, 2022

Card delinquency rates, balances rise: TransUnion

As card issuers report an uptick in delinquencies and balances, the credit reporting bureau offers new research to help lenders spot trouble.

By Tatiana Walk-Morris • Oct. 10, 2022

Uber adds debit card, instant deposit for drivers

Uber’s new debit card will provide drivers up to 10% cashback on gas, 12% on EV charging and instant pay after completion of a ride or delivery. 

By Aneurin Canham-Clyne • Oct. 7, 2022

EMVCo rolls out new payment standard

The international standard-setting organization finalized a new specification for contactless and mobile payments, but adoption of the new approach by merchants may be slow-going.

By Lynne Marek • Oct. 6, 2022

Visa flags rising in-person fraud

The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits.

By Lynne Marek • Oct. 6, 2022

Checkout-free technology spreads at airports

New frictionless convenience stores are coming to airports in Los Angeles and Dallas, continuing a trend that has gained steam since last summer.

By Brett Dworski • Oct. 6, 2022

Consumers prefer cashback rewards: Bank of America

Consumers base credit card choices mainly on incentives offered, with a preference for cash back over points, a Bank of America survey found.

By Tatiana Walk-Morris • Oct. 5, 2022

FTC issues warning on BNPL claims

As buy now-pay later popularity has mushroomed, the companies offering the financing have attracted the attention of another regulator.

By Caitlin Mullen • Oct. 5, 2022

Warren report slams Zelle reimbursements

The senator pushed to bolster a key CFPB rule after releasing a report tallying claims of fraud and scams on the P2P platform submitted by Truist, PNC, U.S. Bank and Bank of America.

By Dan Ennis • Oct. 4, 2022

Legislation needed to fill crypto oversight gaps, FSOC says

The federal panel said more oversight of stablecoins and crypto spot markets for tokens is needed. It also recommended rules that would help prevent regulatory arbitrage in the sector.

By Anna Hrushka • Oct. 4, 2022

Fed majority votes to finalize debit rule

In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.

By Lynne Marek • Oct. 4, 2022

Fed’s Bowman offers counterpoint on digital assets

In recent public comments, Federal Reserve Gov. Michelle Bowman diverged from the views of her colleague Michael Barr on certain topics, including crypto policies.

By Dan Ennis • Oct. 4, 2022

Durbin maps path for card bill

Sen. Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill.

By Lynne Marek • Oct. 3, 2022

Fintechs gain ground in merchant acquiring

New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.

By Caitlin Mullen • Oct. 3, 2022

A real-time look into open banking

Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.

Oct. 3, 2022