Banking: Page 71
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Courtesy of Adyen
Payment industry racks up two more deals
The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.
By Lynne Marek • Updated Sept. 20, 2021 -
Retrieved from Kate Nesbit, PR person for CityBase. on September 17, 2021
U.S. cash payment kiosks rise despite digital age
Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.
By Lynne Marek • Sept. 17, 2021 -
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TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Courtesy of Tricia Harte
BNPL benefits from venture capital haul
Buy now-pay later companies raised a record $1.5 billion in funding last year — a 42% increase over 2019 — across 20 major investments, according to a CB Insights Report.
By Wendy Cole • Sept. 16, 2021 -
Paul Morigi via Getty Images
Goldman Sachs to acquire BNPL lender GreenSky for $2.24B
The deal will connect some 10,000 merchants, mainly in the home-improvement category, to Goldman's consumer-banking arm and allow them to use buy now-pay later financing options.
By Robin Bradley • Sept. 15, 2021 -
Anna Hrushka/Payments Dive
PayPal's Peggy Mangot sees vertical neobanks poised for growth
While mass-market neobanks continue to turn heads with user numbers and funding rounds, affinity neobanks are poised to experience their own market expansion soon, PayPal's venture arm executive said.
By Anna Hrushka • Sept. 14, 2021 -
Capital One beta-tests BNPL option, marking turnabout
Previously, the bank had barred customers last December from using its credit cards to clear buy-now-pay-later debt.
By Dan Ennis • Sept. 14, 2021 -
Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments kicks off $28B growth agenda
The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.
By Lynne Marek • Sept. 9, 2021 -
Jack Taylor / Stringer via Getty Images
Mastercard to buy CipherTrace crypto security company
Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.
By Lynne Marek • Sept. 9, 2021 -
Carl Court via Getty Images
PayPal agrees to buy Paidy for $2.7B
The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.
By Lynne Marek • Sept. 8, 2021 -
filadendron via Getty Images
NovoPayment sets sights on US market
NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.
By Lynne Marek • Sept. 8, 2021 -
Sean Gallup via Getty Images
JPMorgan to buy majority stake in Volkswagen's payments business
"One of the fastest-growing platforms is the connected car marketplace, whereby the car acts like a wallet for purchasing goods, services or subscriptions," a JPMorgan executive said.
By Anna Hrushka • Sept. 8, 2021 -
Courtesy of Mastercard
Mastercard to buy European open-banking company Aiia
The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.
By Lynne Marek • Sept. 7, 2021 -
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 -
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
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