Risk


  • Person walking by Chase bank building
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Chase to ban crypto payments for UK customers

    “If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.

    By Gabrielle Saulsbery • Sept. 28, 2023
  • wawa
    Image attribution tooltip
    Retrieved from Wawa press release.
    Image attribution tooltip

    Wawa’s $10.7M data breach lawsuit against Mastercard thrown out

    The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.

    By Brett Dworski • Sept. 26, 2023
  • Drawing of different digital crime images Explore the Trendline
    Image attribution tooltip
    Olga Naumova via Getty Images
    Image attribution tooltip
    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
  • Laptop with security icon illustration in 3D
    Image attribution tooltip

    AdobeStock/khunkornStudio.

    Image attribution tooltip
    Sponsored by TokenEx

    PCI security is costing you more than you think

    PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.

    Sept. 25, 2023
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    BNPL users seek and use more new credit, Fed study finds

    Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.

    By Sept. 18, 2023
  • An exterior image of a hotel
    Image attribution tooltip
    Robert Mora via Getty Images
    Image attribution tooltip

    Payments at MGM Resorts disrupted by cyberattack

    The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.

    By David Jones • Sept. 15, 2023
  • The exterior of the Consumer Financial Protection Bureau building
    Image attribution tooltip
    The image by Ted Eytan is licensed under CC BY-SA 2.0
    Image attribution tooltip

    CFPB flags risks of tuition payment plans

    In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.

    By Sept. 15, 2023
  • A person uses Square point of sale hardware
    Image attribution tooltip
    Courtesy of Square
    Image attribution tooltip

    Square apologizes for last week’s outage

    Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

    By Sept. 14, 2023
  • Close up image of a person’s hand using a ballpoint pen to put a check or tick mark in a row of boxes on a paper form sheet. In an office environment.
    Image attribution tooltip
    Laurence Dutton via Getty Images
    Image attribution tooltip

    Discover shares pricing error findings with regulators

    Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.

    By Sept. 13, 2023
  • Image attribution tooltip
    katleho Seisa via Getty Images
    Image attribution tooltip

    Visa tracks spike in retail, e-commerce fraud

    Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

    By Tatiana Walk-Morris • Sept. 13, 2023
  • Max Levchin, the CEO of buy now, pay later company Affirm
    Image attribution tooltip
    Kevin Dietsch / Staff via Getty Images
    Image attribution tooltip

    Affirm extends bridge to regulators

    “I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.

    By Sept. 11, 2023
  • AI Human Graphic
    Image attribution tooltip
    Devrimb via Getty Images
    Image attribution tooltip
    Sponsored by Justt

    A strategic look at chargebacks with data from over 500 merchants

    Hear from Justt.ai co-founder, Roenen Ben-Ami, as he offers strategic insights into where the industry is headed, and get your copy of the data for free.

    By Roenen Ben-Ami, Justt co-founder • Sept. 11, 2023
  • Exterior front rendering of Discover Financial Services' Chatham Customer Care Center in Chicago, Illinois.
    Image attribution tooltip
    Permission granted by Discover
    Image attribution tooltip

    Discover expands board with former regulator

    The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.

    By Sept. 6, 2023
  • Klarna CEO Sebastian Siemiatkowski
    Image attribution tooltip
    Permission granted by Klarna
    Image attribution tooltip

    Klarna narrows first-half loss

    The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.

    By Aug. 31, 2023
  • Shoppers pass by on a street in Sydney, Australia
    Image attribution tooltip
    Roni Bintang / Stringer via Getty Images
    Image attribution tooltip

    Zip posts loss under new leadership

    After overhauling the business to stem cash burn and turn a profit, BNPL firm Zip’s annual loss narrowed over last year.

    By Aug. 30, 2023
  • Max Levchin is the ceo of Affirm
    Image attribution tooltip
    Drew Angerer/Getty via Getty Images
    Image attribution tooltip

    Affirm gears up for student loan restart

    With payments set to resume in October, the buy now, pay later provider is factoring consumers’ student loan balances into its underwriting decisions.

    By Aug. 29, 2023
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
    Image attribution tooltip
    B4LLS via Getty Images
    Image attribution tooltip
    Q&A

    BNPL risks raise questions for Consumer Reports

    BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

    By Aug. 21, 2023
  • Discover Financial CEO Roger Hochschild
    Image attribution tooltip
    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
    Image attribution tooltip

    Discover ‘acting with urgency’ on Hochschild replacement

    Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.

    By Aug. 17, 2023
  • Buy now pay later
    Image attribution tooltip
    Khaosai Wongnatthakan via Getty Images
    Image attribution tooltip

    Splitit targets areas BNPL rivals have ‘underserved’: CEO

    The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.

    By Aug. 14, 2023
  • Exterior of the Federal Reserve building in Washington, D.C.
    Image attribution tooltip
    Anna Hrushka/Payments Dive
    Image attribution tooltip

    New Fed unit to supervise crypto, nonbank partnerships

    The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.

    By Anna Hrushka • Aug. 9, 2023
  • A person displays their open wallet and cards
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Credit card debt tops $1 trillion

    Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

    By Tatiana Walk-Morris • Aug. 9, 2023
  • Rifle on counter at gun store with hands of two people showing an apparent transaction.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip
    Column

    What a shooter’s payment choice reveals — or doesn’t

    Whether or not the payment type behind an active shooter’s purchase of a gun means anything may be revealed in patterns.

    By Aug. 8, 2023
  • A cannabis leaf placed on a one dollar bill partially shields President George Washington's portrait.
    Image attribution tooltip
    Kendall Davis/HR Dive
    Image attribution tooltip

    Senate ‘making good progress’ on pot banking bill, Schumer says

    There may be bipartisan agreement on SAFE Banking’s goal to help the cannabis industry enter the banking fold, but lawmakers are reportedly haggling over some of the bill’s details.

    By Anna Hrushka • Aug. 2, 2023
  • Blocks spell M and A
    Image attribution tooltip
    Nastassia Samal via Getty Images
    Image attribution tooltip

    Will payments M&A pick up after slow start?

    Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.

    By July 24, 2023
  • A Woman in Plaid Blazer Using Her Laptop
    Image attribution tooltip

    Photo by Tima Miroshnichenko from Pexels

    Image attribution tooltip
    Q&A

    Clair CEO welcomes on-demand pay regulation

    Clair CEO Nico Simko weighed in on whether EWA is a payday loan and how the company offers fee-free wage access.

    By July 20, 2023
  • Discover Financial CEO Roger Hochschild
    Image attribution tooltip
    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
    Image attribution tooltip

    Discover facing FDIC probe

    The company also disclosed during its 2Q earnings report that a pricing issue affected merchants and merchant acquirers, some of whom will get refunds.

    By July 20, 2023