Risk


  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Jack Henry, Visa see escalating FedNow volume

    While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

    By May 9, 2024
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    Permission granted by GoCardless
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    Sponsored by GoCardless

    How to reduce risk and save cash with Pull-ACH

    Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.

    By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 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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    LD via Getty Images
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    Fed keeps up CBDC research

    Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

    By April 17, 2024
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    Joe Raedle / Staff via Getty Images
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    CFPB $8 late fee cap edges toward reality

    Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

    By April 17, 2024
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By April 15, 2024
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    Brandon Bell/Getty Images via Getty Images
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    Warren reiterates call for gun MCC guidance

    The Massachusetts senator and 32 other Democrats stressed the need for federal guidance on the gun merchant category code as states diverge.

    By Caitlin Mullen • March 29, 2024
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    Justin Sullivan via Getty Images
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    How Visa handled ‘BidenCash’ card fraud incident

    The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

    By Tatiana Walk-Morris and Lynne Marek • March 25, 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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    CFPB warns of ‘dangers’ on standards for open banking

    “We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

    By March 15, 2024
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    Justin Sullivan via Getty Images
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    Banking apps fall short on fraud protections: report

    Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

    By March 14, 2024
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    Permission granted by Andy Gerit
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    Visa spends ‘billions’ battling cybersecurity threats

    “We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

    By March 11, 2024
  • An American flag flies in front of the Capital One logo at the bank's headquarters.
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    Win McNamee via Getty Images
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    Capital One angles to push Discover upmarket

    With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.

    By Caitlin Mullen • March 7, 2024
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    erdikocak via Getty Images
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    US Health Dept. offers assistance in wake of Change cyberattack

    Healthcare providers have reported significant challenges to their day-to-day operations, including problems receiving payment from patients and insurers.

    By Emily Olsen • March 6, 2024
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    TU IS via Getty Images
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    Amex cardholder data exposed in merchant processor hack

    The point-of-sale attack on a merchant processor may have compromised card numbers, expiration dates and cardholder names, Amex said in a state regulatory filing.

    By Caitlin Mullen • March 5, 2024
  • Military style vehicle with Cash App sticker on window.
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    Jesse Grant via Getty Images
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    Cash App enforcement action expected this year

    Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

    By March 4, 2024
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    Courtesy of Green Dot
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    Green Dot faces Fed’s proposed consent order

    The digital bank set aside $20 million to cover a potential penalty stemming from compliance risk management issues predating the company’s current management.

    By Gabrielle Saulsbery • Feb. 29, 2024
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    Ming Yeung via Getty Images
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    Apple begins sharing BNPL data with Experian

    The development may spur rival BNPL providers to follow suit, according to Ed deHaan, a professor at the Stanford Graduate School of Business. 

    By Feb. 29, 2024
  • A Capital One sign is seen
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    Joe Raedle / Staff via Getty Images
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    Capital One tackles Discover compliance issues

    Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.

    By Caitlin Mullen • Feb. 28, 2024
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    Maks_Lab via Getty Images
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    Q&A

    Capital One-Discover deal may spur payments M&A

    The blockbuster deal is set “to trigger a bunch of rethinking across the industry,” said Erin McCune, a partner at consulting firm Bain & Company.

    By Caitlin Mullen • Feb. 27, 2024
  • Block Head Jack Dorsey
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    Drew Angerer / Staff via Getty Images
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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 Caitlin Mullen • Feb. 23, 2024
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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 Caitlin Mullen • Feb. 15, 2024
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    Joe Raedle via Getty Images
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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 Caitlin Mullen • Feb. 13, 2024
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    Delmaine Donson via Getty Images
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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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    Kevin Dietsch / Staff via Getty Images
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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 Caitlin Mullen • 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 Caitlin Mullen • 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