Risk


  • Block Head Jack Dorsey
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    CFPB may take legal action against Block

    The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

    By Feb. 23, 2024
  • Buy now, pay later
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    I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
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    BNPL popularity rises among ‘financially fragile’ consumers

    About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.

    By Feb. 15, 2024
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    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
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    Amex gears up for bigger bank category

    Given its asset growth, the card issuer anticipates facing more stringent regulatory requirements and more frequent stress tests.

    By Feb. 13, 2024
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    More than half of P2P fraud victims lose money: AARP

    “When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

    By Tatiana Walk-Morris • Feb. 12, 2024
  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Affirm takes cautious approach to six-month outlook

    The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.

    By Feb. 12, 2024
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    Q&A

    Banks should step up scam response: fraud expert

    With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

    By Feb. 9, 2024
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    Aeropay partners with Cross River, UBank on sports gaming payouts

    Digital payments provider Aeropay has lined up bank partners in an effort to facilitate faster access to winnings.

    By Gabrielle Saulsbery • Feb. 8, 2024
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    Card debt climbs to record $1.13 trillion

    Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.

    By Feb. 7, 2024
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Payments companies’ job cuts may not be done

    PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

    By Feb. 2, 2024
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    NY AG sues Citi over denied fraud claims

    “If a bank cannot secure its customers’ accounts, they are failing in their most basic duty,” New York Attorney General Letitia James said in a statement Tuesday.

    By Dan Ennis • Jan. 31, 2024
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    NY may drive out BNPL firms: attorneys

    If the state’s buy now, pay later legislation passes, new requirements piling on additional compliance burdens may lead some providers to pull their operations in New York, attorneys said. 

    By Jan. 30, 2024
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    Payments regulation and legislation abound in 2024

    Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

    By Jan. 30, 2024
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    Rivals may chase Fiserv special bank charter lead

    If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

    By Jan. 25, 2024
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    Payments startups face pivotal year

    Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.

    By Jan. 23, 2024
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    Discover lands servicer for student loan portfolio

    Student loan servicer Nelnet will handle servicing of Discover’s portfolio while the card issuer markets it for sale, said CFO John Greene.

    By Jan. 18, 2024
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    Amex to sell fraud prevention firm Accertify

    The card issuer is selling the business, which offers online fraud monitoring services to merchants, to the tech investment firm Accel-KKR.

    By Jan. 16, 2024
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    Fiserv seeks special purpose bank charter

    The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

    By Jan. 12, 2024
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    Stablecoin issuer Circle files for IPO

    Circle, which issues the USDC stablecoin, has filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC's approval of 11 spot bitcoin exchange-traded funds.

    By Gabrielle Saulsbery • Jan. 12, 2024
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    6 payments trends to watch in 2024

    Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

    By , , Jan. 9, 2024
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    Q&A

    Regulator’s BNPL guidance may go beyond banks

    The Office of the Comptroller of the Currency directed its advice at national banks, but a Venable attorney expects others to use it to inform their approaches.

    By Jan. 9, 2024
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    Q&A

    Tyler Technologies eyes growth in digital disbursements

    The company, which provides payment and software services to the public sector, is seeing increased client interest in digital disbursements such as prepaid debit cards, said Sloane Wright, Tyler’s senior VP of payments.

    By Jan. 8, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra standing at a podium on stage.
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    Lynne Marek/Payments Dive
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    Bank groups voice concerns with CFPB’s open banking proposal

    The Bank Policy Institute and The Clearing House want the Consumer Financial Protection Bureau to take a tougher stance on screen scraping, and allow banks to charge fees to cover the cost of enabling data sharing.

    By Anna Hrushka • Jan. 5, 2024
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    Data startup Spade aims for larger customers

    Spade is tapping its recent funding to try to lure more big U.S. banks to its services, CEO Oban MacTavish said.

    By Dec. 21, 2023
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    Q&A

    Amex EVP weighs in on fraud trends

    Beating back fraud can feel “a bit like a vicious circle,” as the industry improves its capabilities and fraudsters pivot, said Tina Eide, an executive vice president focused on fraud at the card issuer.

    By Dec. 19, 2023
  • Crypto regulation
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    SEC won’t budge on crypto regulation

    In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.

    By Robert Freedman • Dec. 18, 2023