Risk


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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB slaps warning on P2P

    The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

    By June 2, 2023
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    jariyawat thinsandee via Getty Images
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    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

    By May 25, 2023
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    NatalyaBurova via Getty Images
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    Trendline

    Fraud concerns mount as verifying identities becomes harder

    Criminals are increasingly taking on false identities to persuade victims to send them payments in email, payroll and vendor scams.

    By Payments Dive staff
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    Joe Raedle via Getty Images
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    Card debt weighs on consumers

    First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

    By May 16, 2023
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    Drew Angerer/Getty via Getty Images
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    Affirm, FICO to create BNPL credit-scoring model

    The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

    By May 10, 2023
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    Joe Raedle via Getty Images
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    Block boosts compliance spending to $160M

    Square parent Block is increasing compliance spending on personnel and software this year.

    By May 5, 2023
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    Blue Planet Studio via Getty Images
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    Finix takes aim at processor incumbents

    Now certified as a processor, Finix seeks to take on legacy and fintech rivals.

    By May 3, 2023
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    Courtesy of Mastercard
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    Mastercard ‘cannot afford to ignore’ AI, CEO says

    The card network company is considering using artificial intelligence in more ways, including in customer service, CEO Michael Miebach said.

    By April 28, 2023
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    Payments increasingly in regulatory crosshairs, industry lawyers say

    Attorneys and payments professionals called out recent areas of interest for regulators during the Electronic Transactions Association’s conference this week in Atlanta.

    By April 27, 2023
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    bernie_photo via Getty Images
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    Profits slip for Amex, Discover

    In light of rising charge-offs, the card companies on Thursday each reported adding to credit loss provisions. That put a dent in their first-quarter profits. 

    By April 21, 2023
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    Justin Sullivan via Getty Images
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    Synchrony signals openness to Walmart

    Despite Synchrony Financial’s history with Walmart, the card issuer may be willing to work with the retailer again.

    By April 20, 2023
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    andresr via Getty Images
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    NCR in recovery as ransomware disrupts widely used point-of-sale system

    In-restaurant purchases are still being processed on NCR Aloha, but other capabilities and business processes remain down, the company said.

    By Matt Kapko • Updated April 24, 2023
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    B4LLS via Getty Images
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    CFPB focuses on BNPL consumer disputes

    A Consumer Financial Protection Bureau official pointed to how buy now, pay later providers handle consumer disputes as a major area of concern for the agency.

    By April 19, 2023
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    Justin Sullivan via Getty Images
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    Visa remains cryptic about new surcharge cap

    The card giant is set to impose a new surcharge cap of 3% tomorrow, but many payments processing professionals are still searching for details about it.

    By April 14, 2023
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    Courtesy of The Consumer Financial Protection Board.  

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    CFPB director wants some payments firms labeled systemically important

    The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.

    By Anna Hrushka • April 12, 2023
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    Mykola Pokhodzhay via Getty Images
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    North American Bancard taps Virtualitics’ AI tech

    The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

    By Tatiana Walk-Morris • April 7, 2023
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    Block defends against short seller allegations

    The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

    By March 30, 2023
  • Jack Dorsey, Block CEO
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    Analysts call on Block to share anti-fraud details

    Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

    By March 29, 2023
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    B4LLS via Getty Images
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    BNPL remains mainly absent from consumer credit histories

    The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

    By March 27, 2023
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    Shutterstock/shurkin_son

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    Sponsored by PayNearMe

    3 ways to increase on-time payments during an economic downturn

    Discover how to increase on-time payments and make flexibility and payment convenience a priority at your business.

    March 27, 2023
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    Dylan Gillis | Unsplash

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    Sponsored by Justt

    Visa says the recession is irrelevant at Merchant Risk Council 2023

    Visa says a U.S. recession is nothing to worry about, but heightened fraud paints a different story.

    By Ronen Shnidman • March 27, 2023
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    Maks_Lab via Getty Images
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    Mastercard buys Baffin Bay Networks

    The card network company said it bought the cybersecurity business to better combat cyber-attacks in an increasingly threatening environment.

    By March 20, 2023
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    Justin Sullivan via Getty Images
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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
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    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
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    Justin Sullivan via Getty Images
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    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
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    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