Risk


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    SEC Chair Gensler to crypto platforms: Come to us before we come for you

    The SEC head called on digital asset exchanges to register with the agency, citing concerns for "vulnerable" investors. "If we don’t address these issues, I worry a lot of people will be hurt," he said.  

    By Caitlin Mullen • Dec. 3, 2021
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    Kevin Dietsch via Getty Images

    Senate banking chair queries crypto CEOs

    The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

    By Anna Hrushka • Nov. 29, 2021
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    vchal via Getty Images

    Enterprises prepare for ransomware threats during Thanksgiving

    Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations. 

    By David Jones • Nov. 24, 2021
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    Deep Dive

    Payment Choice Act wins bipartisan backing

    New Jersey Democrat Rep. Payne is trying to preserve cash as a form of payment and collecting support across the aisle, even as the possibility of a U.S. digital dollar gains traction.

    By Nov. 23, 2021
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    Courtesy of website

    Affirm reports better outlook, sidesteps Peloton question

    The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.

    By Nov. 11, 2021
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    Sean Gallup via Getty Images

    Amazon will accept Venmo next year

    "Pay with Venmo is one of the key revenue drivers for Venmo going forward," PayPal CEO Dan Schulman said.

    By Nov. 9, 2021
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    Chopra screen grab/Payments Dive, data from Screen grab

    CFPB's hard line with payments industry may be a hint of things to come

    Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

    By Nov. 8, 2021
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    Chip Somodevilla via Getty Images

    Toomey cautions against proposal to regulate stablecoin issuers as banks

    "I think we have to really think long and hard before we put some onerous regulatory regime on a new technology," the Republican senator from Pennsylvania said.

    By Anna Hrushka • Nov. 8, 2021
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    Christopher Furlong via Getty Images

    Valley Bank unveils payments app for cannabis businesses

    Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

    By Anna Hrushka • Oct. 27, 2021
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    Dan Kitwood/Getty Images News via Getty Images

    Ransomware activity soars, Treasury finds

    The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.

    By Samantha Schwartz • Oct. 19, 2021
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    Column

    Celsius, Tether and the 'known known'

    Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.

    By Dan Ennis • Oct. 19, 2021
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    Green Dot

    Green Dot sued after ditching $165M deal

    The prepaid card company was sued by Republic Bank, which alleges Green Dot breached a contract to buy its tax refund processing unit.

    By Dan Ennis • Oct. 7, 2021
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    Chip Somodevilla via Getty Images

    Treasury sanctions crypto exchange Suex to thwart ransomware

    While more legal measures await international cybercrime, the U.S. government is sending interim messages to ransomware gangs.

    By Samantha Schwartz • Sept. 22, 2021
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    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 Sept. 9, 2021
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    Ian Waldie via Getty Images
    Deep Dive

    Anti-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
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    Dan Kitwood/Getty Images News via Getty Images

    Clearing House urges caution on CBDCs

    A Federal Reserve-backed digital currency could "destabilize both the domestic and foreign banking and financial services sectors," the payments system operator said.

    By July 30, 2021
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    Retrieved from Flickr/frankieleon.

    Alaska, Colorado residents carry most card debt, study says

    In a ranking of states where residents have the biggest credit card balances, those two states' residents carry the largest debt loads while Wisconsin and South Dakota residents carry the lowest average balances, according to a WalletHub analysis.

    By July 28, 2021
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    Matt Cardy via Getty Images

    Failed payments cost over $33 billion for North American banks: report

    The problem is costing financial services firms money and customers, the Accuity report found.

    By Tatiana Walk-Morris • July 20, 2021
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    Sean Gallup via Getty Images

    Why cybersecurity keeps payments executives up at night

    Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.

    By Mercedes Cardona • July 19, 2021
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    Permission granted by Axonius
    Sponsored by Axonius

    How cybersecurity asset management can help with PCI DSS

    A modern approach to PCI DSS compliance eliminates the need for spreadsheets and manual asset tracking.

    By Axonius • July 19, 2021
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    Sean Gallup via Getty Images

    Merchants say they're losing revenue to online fraud, FIS report finds

    Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated. 

    By July 12, 2021
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    Retrieved from ATPC on July 07, 2021

    Payments industry trade group taps new chair

    The American Transaction Processors Coalition picked a new board leader as it maps out new initiatives, including expanding its activities at the state level.

    By July 7, 2021
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    Dan Kitwood via Getty Images
    Column

    Growing divide on crypto in international banking report

    Central banks strike a second blow against digital assets and stablecoins. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.

    By Dan Ennis • June 24, 2021
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    Sean Gallup via Getty Images

    Socure gears up for IPO, perhaps sooner than expected

    The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.

    By June 11, 2021
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    Courtesy of Gemini

    Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security

    Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.

    By June 8, 2021