Banking: Page 65
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Matt Cardy via Getty Images
Consumer spending on cards jumped in July, research firm says
The rate of U.S. consumer spending on credit and debit cards surged 21% in July compared to a year ago as Americans welcomed the summer months and a decline in coronavirus cases.
By Wendy Cole • Sept. 2, 2021 -
Anna Hrushka/Payments Dive
Fed finds businesses eager for faster payments
The Federal Reserve said Tuesday that a survey of businesses last year revealed a majority are eager to make use of faster payments, with many ready to do so now. The Fed doesn't plan to launch its real-time system until 2023.
By Lynne Marek • Sept. 1, 2021 -
Explore the Trendline➔
ArtemisDiana via Getty Images
TrendlineCross-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 -
Permission granted by U.S. Bank
Competition for SMB payments clients heats up acquisitions
Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.
By Lynne Marek • Aug. 31, 2021 -
Bank regulators issue guidance on partnering with fintechs
Community banks should evaluate fintechs' business experience and financial condition, information security and regulatory compliance, among other things, regulators said Friday.
By Anna Hrushka • Aug. 30, 2021 -
Retrieved from Pexels on August 09, 2021
Amazon taps Affirm for installment financing
As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.
By Lynne Marek • Aug. 30, 2021 -
Justin Sullivan via Getty Images
InComm Payments, Doxo to offer cash bill payments in stores
The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.
By Tatiana Walk-Morris • Aug. 27, 2021 -
Permission granted by Casey Kozieja, outside spokesperson for the company ([email protected])
Crypto ATMs multiply despite challenges to the currency
The biggest crypto kiosk companies are expanding as the value of bitcoin recovers and more merchants seek a piece of the action.
By Lynne Marek • Aug. 26, 2021 -
LaylaBird via iStock
Fiserv strikes up a bevy of new partnerships
Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.
By Lynne Marek • Aug. 24, 2021 -
Ian Waldie via Getty Images
Deep DiveAnti-fraud niche in payments thrives as e-commerce climbs
Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.
By Mercedes Cardona • Aug. 23, 2021 -
Fox Photos via Getty Images
Consumer dissatisfaction with credit cards continues to rise
American Express still tops the latest J.D. Power national satisfaction rankings, but overall customer satisfaction with cards generally edged down.
By Wendy Cole • Aug. 19, 2021 -
Courtesy of Wells Fargo multimedia resources
Wells Fargo combines treasury management, payment units
The bank is poaching an executive from banking rival BNY Mellon to oversee the newly merged operations as it aims to reduce management layers.
By Dan Ennis • Aug. 19, 2021 -
Courtesy of CashApp - Square
How Square's Afterpay purchase advances its small-business banking goals
Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.
By Anna Hrushka • Aug. 18, 2021 -
Courtesy of Amazon
Senators raise privacy concerns about Amazon One
Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.
By Tatiana Walk-Morris and Cara Salpini • Aug. 18, 2021 -
Courtesy of Matt Pedretti
Paysafe acquires SafetyPay for $441 million
The purchase, along with another recent acquisition, is allowing Paysafe to expand in the Latin American region.
By Tatiana Walk-Morris • Aug. 17, 2021 -
Alex Wong via Getty Images
Payments called 'dominant driver' for fintech investment: KPMG
The rise of venture capital and private equity investment in fintechs is likely to lead to more mergers and acquisitions in the arena too, a KPMG report said.
By Jim Tyson • Aug. 17, 2021 -
Courtesy of Walmart
Walmart looks for a cryptocurrency strategy leader
The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven.
By Ben Unglesbee • Aug. 17, 2021 -
Courtesy of Early Warning Services (parent company of Zelle)
Zelle owner doubles down on marketing, targets older group
The digital payment network's owner, Early Warning Services, is trying to break through post-COVID competition for consumers' attention by demonstrating new use cases for the American family.
By Lynne Marek • Aug. 16, 2021 -
Courtesy of Coinbase
Coinbase attracts big hedge fund clients
The company has attracted 10% of the top 100 hedge funds as customers, and it's ramping up marketing to increase the visibility of its products, the company's CFO said.
By Ted Knutson • Aug. 12, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationBig bank, merchant groups weigh in on Fed rule clarification
Bank and merchant trade groups weighed in on the Fed's debit rule clarification at the 11th hour, digging in their heels in a long-time battle over whether to ease merchant access to increased debit transaction networks.
By Lynne Marek • Aug. 12, 2021 -
Retrieved from Pexels on August 09, 2021
ZenBusiness launches money-management app
ZenBusiness positions itself as a one-stop shop for small business needs, but big tech rivals are also aggressively courting such micro-entrepreneurs.
By Suman Bhattacharyya • Aug. 10, 2021 -
Courtesy of Amazon
Amazon strikes back at Visa fees with surcharge
Retail titan Amazon is taking on Visa by imposing a surcharge in one part of the world and leaving open the possibility of extending it elsewhere to fight what it calls "Visa's high cost of payments."
By Lynne Marek • Aug. 10, 2021 -
Permission granted by Kristen Elworthy from Seven Hills Communications
OpinionNew fintech tools must address demographic gaps in usage
"While overall fintech usage is up across all demographics, there were gaps in the usage of certain types of tools," says Brian Gilmore, a director at the non-profit Commonwealth. There is "a rich opportunity for fintechs and financial services providers to better serve financially vulnerable consumers."
By Brian Gilmore • Aug. 9, 2021 -
Provided by Synctera
Synctera partners with Mastercard, Marqeta
Synctera’s new partners will help community banks work with fintechs on new debit card-issuing programs.
By Wendy Cole • Aug. 6, 2021 -
Maddie Meyer via Getty Images
Sable taps Wise for cross-border payments
Sable and Wise are teaming up on a new cross-border payments tool targeting expatriates and international students, among others. They're part of a pack of rivals trying to make moving money over borders faster and easier.
By Lynne Marek • Aug. 6, 2021 -
Mark Wilson via Getty Images
Inside MoneyLion's quest to become a financial 'super app'
The neobank is diversifying its revenue sources and aiming to boost engagement frequency as it faces regulatory concerns and a pack of rivals.
By Suman Bhattacharyya • Aug. 3, 2021
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