Risk


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    Payments execs detail SVB impact

    The Silicon Valley Bank downfall that sent shockwaves through the financial industry forced fintechs, such as Affirm and Marqeta, to react fast.

    By , March 16, 2023
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    Justin Sullivan via Getty Images

    Fiserv, Jack Henry CEOs react to bank crisis

    Payments processors’ CEOs this week described how their companies were affected by the recent bank industry turmoil, downplaying the impact.

    By , March 15, 2023
  • Drawing of different digital crime images Explore the Trendline
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    Olga Naumova via Getty Images
    Trendline

    Rising payments fraud triggers new cyber-security tools

    As criminals advance their schemes for digital payments fraud, cyber-security firms are racing to keep up. In-person payments fraud hasn’t gone away either.

    By Payments Dive staff
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    Justin Sullivan via Getty Images

    Payments players caught in SVB fallout

    As the banking crisis spread, payments players, such as FIS, and venture-backed firms, including Payoneer, were caught in the contagion.

    By , March 13, 2023
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    BlackJack3D via Getty Images

    Brex offers ChatGPT-style tools

    The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

    By Alexei Alexis • March 8, 2023
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    Mario Tama via Getty Images

    Walmart shooter likely used card to buy gun

    The gunman in a 2019 attack at an El Paso Walmart store likely used a credit card to buy his gun online. This story is one in a series of pieces tracking payment methods for guns used in mass shootings.

    By Debbie Carlson • March 7, 2023
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    Neilson Barnard via Getty Images

    Affirm exits Australia

    Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.

    By March 7, 2023
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    alexialex via Getty Images

    Synchrony, Bread brace for potential late fee cap impact

    If a late fee cap is imposed by the Consumer Financial Protection Bureau, the companies may curtail credit and seek other offsets, executives said this week.

    By March 3, 2023
  • Sezzle ekes out a profit

    The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

    By Feb. 28, 2023
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    Dan Kitwood via Getty Images

    Transparency key to crypto’s next phase: Circle CFO

    USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

    By Grace Noto • Feb. 24, 2023
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    bernie_photo via Getty Images

    Credit metrics creep toward prepandemic levels

    Delinquency rates for Discover, Synchrony and Bread all rose in January relative to December levels. 

    By Feb. 15, 2023
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    ferrantraite via Getty Images

    Back to the future with Worldpay

    FIS CEO Stephanie Ferris and her Worldpay sidekick Charles Drucker, reclaiming a role at the business, will be under pressure to avoid “dis-synergies.”

    By Feb. 14, 2023
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive

    Crypto regulation shouldn’t smother innovation: Fed’s Waller

    The Fed governor highlighted the benefits of smart contracts, as well as the potential for tokenization as a privacy tool, in a speech Friday.

    By Rajashree Chakravarty • Feb. 13, 2023
  • A sign is posted in front of an office at Google headquarters on February 02, 2023 in Mountain View, California
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    Justin Sullivan via Getty Images

    Google, Amex roll out anti-fraud tool

    Amex is the latest card company to tap a Google virtual card service aimed at increasing the security of online payments.

    By Feb. 7, 2023
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    Photo Illustration: Instacart; Getty Images

    Opinion

    Eliminating costly false declines online

    “False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.

    By Chris Ryan • Feb. 6, 2023
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    B4LLS via Getty Images

    Zip pauses acquisitions

    The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

    By Feb. 1, 2023
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    Jack Taylor / Stringer via Getty Images

    Gemini cut another 10% of staff: report

    The crypto exchange has been affected by Genesis' bankruptcy and the FTX contagion.

    By Gabrielle Saulsbery • Jan. 24, 2023
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    metamorworks via Getty Images

    International coalition pursues cross-border payments improvements

    In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

    By Jan. 23, 2023
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    Sean Gallup via Getty Images

    PayPal confirms data breach

    Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

    By Matt Kapko • Jan. 20, 2023
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    Joe Raedle via Getty Images

    Card industry’s fraud-fighting efforts pay off: Nilson Report

    Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

    By Jan. 5, 2023
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    Dan Kitwood/Getty Images News via Getty Images

    Fed, OCC, FDIC issue joint warning on crypto risks

    The regulators didn't go so far as to create new rules around bank-crypto partnerships, but said they're "continuing to assess" if — and how — such tie-ups can proceed safely.

    By Gabrielle Saulsbery • Jan. 4, 2023
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    Jack Taylor / Stringer via Getty Images

    Toomey bill would put stablecoin oversight in OCC’s hands

    The outgoing senator said he wanted to shield stablecoin activity from the Fed, which is still debating whether to issue a central bank digital currency. Toomey noted the Fed’s “significant skepticism” of stablecoins.

    By Gabrielle Saulsbery • Dec. 22, 2022
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    Mark Wilson via Getty Images

    Payments funding plummets in 2022

    This year’s venture capital funding activity in payments paled in comparison to 2021’s record-setting year.

    By Dec. 22, 2022
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    pcess609 via Getty Images

    Job cuts piled up in payments this year

    Payments companies chopped jobs as they confronted challenges posed by inflation and stagnating e-commerce growth.

    By Dec. 21, 2022
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    Mario Tama via Getty Images

    Consumer credit metrics slip further

    Discover Financial Services and Synchrony Financial this week each reported increases in delinquencies and charge-offs.

    By Dec. 16, 2022
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    Scott Olson via Getty Images

    BofA analysts downgrade Affirm, Discover, Synchrony

    Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

    By Dec. 14, 2022