Risk: Page 10
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Fiserv’s RNC visibility carries possible benefits, perils
Publicity for the Republican National Convention, at a venue bearing Fiserv’s name, may raise the company’s profile, but also risks associating the payments player with polarizing partisan rhetoric.
By Patrick Cooley • July 17, 2024 -
Lynne Marek/Payments Dive
FedNow zooms past RTP participation in inaugural year
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
By Lynne Marek • July 16, 2024 -
Explore the Trendlineâž”
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TrendlinePayments 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 -
Permission granted by Lynne Marek
Prepaid card spending accelerates
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
By Patrick Cooley • July 16, 2024 -
Courtesy of Mastercard
Mastercard updates travelers on latest card precautions
With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.
By Tatiana Walk-Morris • July 15, 2024 -
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Crypto theft doubles to $1.38B
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
By Alexei Alexis • July 11, 2024 -
Win McNamee / Staff via Getty Images
Congress members egg on US payments system expansion
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
By Lynne Marek • July 8, 2024 -
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CFPB keeps scrutiny on medical cards
The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.
By Lynne Marek • July 8, 2024 -
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Payments industry to use AI to detect fraud, improve efficiency
Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.
By Patrick Cooley • July 2, 2024 -
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Q&AHow buy now, pay later benefits merchants
Research from online payments processor Stripe found that providing BNPL increases the average size and total number of sales.
By Patrick Cooley • July 1, 2024 -
Dan Kitwood / Staff via Getty Images
Crypto firm Abra settles with 25 states for operating without a license
Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.
By Gabrielle Saulsbery • June 27, 2024 -
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FTC warns of cash losses to government impostors
The median loss paid in cash to government impersonation scammers in the first quarter was $14,740, far above the $1,000 median for all payment types.
By James Pothen • June 20, 2024 -
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OpinionFighting deepfakes via payments
“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.
By Alan Primitivo • June 12, 2024 -
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Q&AUpcoming ISO 20022 transition leaves some finance players scrambling
The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.
By Patrick Cooley • June 11, 2024 -
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Rivals Adyen, Stripe partner with Capital One to combat fraud
The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.
By Patrick Cooley • June 10, 2024 -
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Sponsored by AdyenHow machine learning protects merchants from digital payment fraud
Fraud is always a problem companies want to tackle. But in the current business environment, it has become an even greater priority.
June 10, 2024 -
Justin Sullivan via Getty Images
Amex dismisses impact of eBay’s rejection
EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.
By Patrick Cooley • June 6, 2024 -
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Pot payments players crave federal reforms
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
By Patrick Cooley • June 5, 2024 -
Courtesy of Early Warning Services (parent company of Zelle)
Early Warning launches campaign to warn seniors
The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.
By Tatiana Walk-Morris • June 5, 2024 -
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Are digital wallets safer than debit cards?
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
By Patrick Cooley • May 31, 2024 -
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Investments for payments startups trickle in
Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.
By Lynne Marek • May 30, 2024 -
Lynne Marek/Payments Dive
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 Lynne Marek • May 9, 2024 -
Permission granted by GoCardless
Sponsored by GoCardlessHow 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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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 Lynne Marek • April 17, 2024 -
Joe Raedle / Staff via Getty Images
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 Lynne Marek • April 17, 2024 -
E4C via Getty Images
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 Lynne Marek • April 15, 2024
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