Banked builds a US presence

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

By Lynne Marek • Dec. 4, 2023

Reduce fraud risk during the holidays: 4 strategies for retailers

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

Dec. 4, 2023

Explore the Trendline➔

Payments 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

Convenience retailer Yesway adopts Relay’s fuel payment software

Relay’s cardless purchasing capability allows more fleets and drivers to avoid fraud caused by card skimming, the logistics payment company said.

By Brett Dworski • Dec. 1, 2023

Discover pursues sale of student loan business

The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.

By Caitlin Mullen • Nov. 30, 2023

Black Friday orders through Klarna jump nearly 30%

As consumers feel the pinch of inflation, some are turning to installment payment services to stretch their budgets.

By Tatiana Walk-Morris • Nov. 29, 2023

PayPal tackles chargeback fraud

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

By Lynne Marek • Nov. 29, 2023

Apple seeks to end Goldman Sachs credit-card partnership: reports

The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.

By Anna Hrushka • Nov. 29, 2023

BNPL bolsters holiday weekend spending

The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

By Caitlin Mullen • Nov. 29, 2023

Chase credit card snafu trips up Black Friday shoppers

The biggest bank in the U.S. erroneously declined some credit card users’ purchases on Black Friday, the busiest shopping day of the year.

By Lynne Marek • Nov. 28, 2023

Synchrony to sell pet insurance subsidiary for $750M gain

As part of the sale, Synchrony will also acquire an equity interest in Independence Pet Holdings.

By Caitlin Mullen • Nov. 28, 2023

How convenience industry leaders see the future of the store experience

Staffed checkout registers are losing importance, and industry executives are eyeing mobile-based, scan-and-go technology, according to a recent survey.

By Jessica Loder • Nov. 27, 2023

Credit card bill battle may slide into 2024

Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.

By Lynne Marek • Nov. 27, 2023

NCR Voyix sells payments assets for $82M

The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.

By Caitlin Mullen • Nov. 27, 2023

Sale bells ring: How Adobe Quick Checkout reduces cart abandonment

For online retailers, reducing cart abandonment is a priority all year long, especially as we approach the holiday season. 

Nov. 27, 2023

Visa proposes new plan for covering litigation liability

The card network’s board approved pursuing a shareholder vote on a new approach to covering potentially more than $35 billion in outstanding merchant claims against the company.

By Lynne Marek • Nov. 22, 2023

Will China be a boon or bust for card networks?

U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

By Lynne Marek • Nov. 21, 2023

Credit card demand remains robust, rejections rise: New York Fed

As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

By Caitlin Mullen • Nov. 21, 2023

Mastercard joint venture approved for China card processing

The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.

By Lynne Marek • Nov. 20, 2023

Stripe, Alaska Airlines to offer in-flight contactless payments

Payments company Stripe said it’s the first time that an airline will use Apple’s contactless payments feature across an entire fleet.

By James Pothen • Nov. 20, 2023

BNPL regulation could contribute to consolidation: Moody’s analysts

Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.

By Caitlin Mullen • Nov. 20, 2023

5 takeaways from Michael Barr’s remarks at The Clearing House conference

The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.

By Suman Bhattacharyya • Nov. 20, 2023

Visa warns consumers about holiday fraud

Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.

By Lynne Marek • Nov. 17, 2023

Fiserv doubles down on Clover growth

CEO Frank Bisignano is betting on accelerated growth of Clover’s small business point-of-sale services, even as he admitted to being “paranoid” in the highly competitive market.

By Caitlin Mullen • Nov. 17, 2023

Forter executive offers 2024 payments predictions

The new instant payment rail FedNow is set for a “roller coaster” next year, according to Forter Head of Financial Partnerships Jeff Hallenbeck.

By James Pothen • Nov. 16, 2023

PayPal’s new CEO builds team

Alex Chriss, PayPal's chief executive officer, is lining up outsiders as managers as he seeks to drive profitable growth at the digital payments behemoth.

By Lynne Marek • Nov. 16, 2023