Risk


  • Person pushing Target shopping cart
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    Joe Raedle via Getty Images

    Consumer spending rises despite inflation: Mastercard

    While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

    By Tatiana Walk-Morris • Aug. 8, 2022
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    Drew Angerer via Getty Images

    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

    By Aug. 5, 2022
  • Gucci storefront.
    Image attribution tooltip
    The image by Achim Hepp is licensed under CC BY-SA 2.0

    Gucci expands crypto payment options to ApeCoin, Euro Coin

    More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

    By Tatiana Walk-Morris • Aug. 4, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images

    Fiserv whittles workforce

    The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

    By Aug. 4, 2022
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    Joe Raedle via Getty Images

    Will a swoon in valuations affect Block’s Afterpay?

    Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same.

    By Aug. 2, 2022
  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021

    Global Payments buys Evo at a premium

    Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.

    By Aug. 1, 2022
  • A person holding a shopping cart stands in front of a row of refrigerators stocked with food at a grocery store.
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    Michael M. Santiago via Getty Images

    Card CEOs react to macroeconomic threats

    Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.

    By , July 29, 2022
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    Retrieved from Loves Furniture & Mattresses on January 11, 2021
    Column

    CEOs Sound Off: Payments execs navigate economic turmoil

    CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

    By July 29, 2022
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    Courtesy of Discover Newsroom

    Attorneys weigh case against Discover

    After Discover disclosed an internal investigation into its student loan practices, the company’s stock price dropped more than 8% on July 21, attorneys noted.

    By July 26, 2022
  • Discover Financial CEO Roger Hochschild
    Image attribution tooltip
    Permission granted by Discover

    Discover CEO pelted with queries over loan probe

    Discover Financial Services CEO Roger Hochschild said executives at the company “hope” an internal investigation of its student loan practices concludes this year, as he side-stepped analyst queries on the subject.

    By July 21, 2022
  • Chris Tsai
    Image attribution tooltip
    Permission granted by Resolve
    Q&A

    Resolve CEO touts benefits of BNPL in B2B

    As Resolve’s customers manage cash closely and navigate supply chain snags, CEO Chris Tsai expects the company’s BNPL model for B2B will stand out in a challenging economic environment.

    By July 21, 2022
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    Drew Angerer/Getty Images via Getty Images

    Feds crack down on improper payments

    A federal government report released this week takes aim at the problem of fraudulent public benefit payments, which mushroomed to $281 billion for fiscal year 2021.

    By July 20, 2022
  • A person uses a red Bank of America ATM.
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    David McNew via Getty Images

    Bank of America fined $225M over 'botched' disbursement of unemployment benefits

    The CFPB accused the bank of implementing a faulty fraud filter that would trigger an account freeze over a “simple set of flags.”

    By Anna Hrushka • July 18, 2022
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    Drew Angerer via Getty Images

    Brainard urges more oversight of crypto

    The Federal Reserve vice chair on Friday said the May collapse of the Terra stablecoin, which wiped out millions of dollars of value in a matter of days, was “reminiscent of classic runs throughout history.”

    By Anna Hrushka • July 11, 2022
  • Federal Trade Commission
    Image attribution tooltip
    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.

    Walmart lashes back at FTC over money-transfer lawsuit

    In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.

    By July 6, 2022
  • An illustration by Visa on the news the company became the"first major payments network to settle transactions in US coin" on March 29, 2021.
    Image attribution tooltip
    Courtesy of Visa
    Opinion

    Don't abandon stablecoins over Terra, CFO says

    Fintechs and financial services players will "be the driver of innovations and regulations that enable stablecoins, crypto and other digital assets to scale," argues Metallicus Chief Financial Officer Irina Berkon.

    By Irina Berkon • July 6, 2022
  • The early morning sun strikes the U.S. Capitol November 6, 2006 in Washington, DC.
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    Win McNamee/Staff via Getty Images

    Congress takes on 'bro culture' in fintech

    A congressional task force this week heard from fintech founders and venture capitalists about persistent inequities in funding for female- and minority-founded startups.

    By July 1, 2022
  • A person's hand types on a keyboard while the other hand holds a credit card.
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    Poike via Getty Images

    EVO Payments finds deals harder to come by, CEO says

    EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now.

    By June 23, 2022
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    Image attribution tooltip
    Drew Angerer via Getty Images

    Mastercard shareholders reject ghost guns proposal

    A shareholder who is also a state official and candidate for Congress urged the card giant’s board to issue a report related to untraceable guns, but the proposal didn’t win enough support to pass at the company’s annual meeting.

    By June 22, 2022
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    NicoElNino via Getty Images
    Opinion

    Friendly fraud: How should fintechs view the risks?

    With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.

    By Sarah Mirsky-Terranova • June 21, 2022
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    Image attribution tooltip
    designer491 via Getty Images

    Discover eyes benefits of downturn

    As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.

    By June 21, 2022
  • $100 bills floating
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    choness via Getty Images

    Payments startups still gaining value, for now

    Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence.

    By June 14, 2022
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    Jack Taylor via Getty Images
    Column

    Don't count crypto out just yet

    Cryptocurrency skeptics were undoubtedly delighted by TerraUSD’s collapse last month, but there are plenty of signs already this month that the crypto era is far from over. Maybe it’s just beginning.

    By June 10, 2022
  • Spark Toast Orders Hub
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    Courtesy of Toast

    Toast heats up restaurant payments competition

    As Toast adds services, the Boston startup is taking business from larger rivals and fintech peers, analysts say.

    By June 8, 2022
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images

    Foundation opines on crypto bill

    The Stellar Development Foundation provided its take on this week’s bipartisan Senate bill to create a regulatory framework for cryptocurrencies.

    By Robin Bradley • June 7, 2022