Risk: Page 2

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    BofA analysts downgrade Affirm, Discover, Synchrony

    Exposure to consumer credit risk and lower-income spending is significant for those three payments companies, analysts warned Tuesday.

    By Dec. 14, 2022
  • Discover Financial CEO Roger Hochschild
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021

    Discover pulls back on debit product

    The card company has suspended applications for its checking and cashback debit product due to instances of fraud, its CEO said this week.

    By Dec. 8, 2022
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    Rising payments fraud triggers new cyber-security tools

    As criminals advance their schemes for digital payments fraud, cyber-security firms are racing to keep up. In-person payments fraud hasn’t gone away either.

    By Payments Dive staff
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    Drew Angerer via Getty Images

    PayPal CEO gives gloomy forecast

    PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.

    By Dec. 8, 2022
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    FTX fallout spurs regulatory fears

    Payments industry professionals, including at the software security firm Fireblocks, worry that the crypto exchange’s downfall could trigger a regulatory backlash against digital assets.

    By Dec. 6, 2022
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    Harvard researchers flag BNPL risks

    The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

    By Dec. 1, 2022
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    Justin Sullivan / Staff via Getty Images

    Banks discuss refund rule for customers defrauded on Zelle: report

    Under measures being discussed, banks would share liability inside Zelle’s system and guarantee to reimburse one another, sources told The Wall Street Journal.

    By Anna Hrushka • Nov. 28, 2022
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    Scott Olson via Getty Images

    Demand for credit cards climbed this year

    Consumer demand for credit cards rose this year over prior years, and card issuers increasingly approved their applications despite the worsening economic climate.

    By Nov. 22, 2022
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    bernie_photo via Getty Images

    Card debt mounts for younger, less affluent borrowers

    Debt burdens and delinquencies are rising more rapidly for younger and less wealthy borrowers, the New York Federal Reserve Bank researchers said.

    By Nov. 18, 2022
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    Can Congress come together on crypto?

    Perhaps even a divided Congress can make bipartisan headway in crafting a regulatory framework for crypto following the FTX failure.

    By Nov. 17, 2022
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    Dilok Klaisataporn via Getty Images

    CEOs Sound Off: Payments forecasts for 2023

    The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

    By , Nov. 16, 2022
  • Discover Financial CEO Roger Hochschild
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    Permission granted by Discover

    Discover concludes student loan probe

    While the card company said it has finished its own investigation into its student loan servicing practices, it may still be subject to regulatory probes.

    By Nov. 16, 2022
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    Alex Wong via Getty Images

    FTX files for bankruptcy, CEO steps down

    FTX.com’s assets were frozen in the Bahamas, where the company is headquartered. Crypto lender BlockFi also paused withdrawals because of its exposure to FTX.

    By Gabrielle Saulsbery • Nov. 11, 2022
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    FIS targets $500M in cost cuts

    The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

    By Jonathan Berr • Nov. 9, 2022
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    artas via Getty Images

    How active shooters pay for guns

    Payment methods used by active shooters to acquire guns are becoming part of the U.S. dialogue about such incidents. A Payments Dive series tracking those details seeks to inform the discussion.

    By Payments Dive staff • Updated Dec. 13, 2022
  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021

    Global Payments leans into fintechs

    As it pursues more fintech clients, the payments processor sees B2B and commercial cards as areas ripe for expansion.

    By Jonathan Berr • Nov. 3, 2022
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    Tero Vesalainen via Getty Images

    6 payments takeaways from big consulting firms

    Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends.

    By , , Jonathan Berr • Nov. 2, 2022
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    Permission granted by Banked
    Sponsored by Banked

    Mitigating fraud in the payments industry

    Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data.

    Oct. 31, 2022
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    Justin Sullivan via Getty Images

    Visa eyes 2023 growth, sidesteps threats for now

    “Should there be a recession, or a geopolitical shock that impacts our business...we will, of course, adjust our spending plans,” Visa’s CFO said.

    By Oct. 27, 2022
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    Ukraine raises fraud concerns, Stripe exec says

    The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight.

    By Oct. 26, 2022
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    Synchrony delivers mixed results

    While the financial services company’s third-quarter income rose over the year-earlier period, net earnings sagged. Synchrony also increased credit loss provisions.

    By Jonathan Berr • Oct. 26, 2022
  • Discover Financial CEO Roger Hochschild
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021

    Discover tightens underwriting

    Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.

    By Oct. 26, 2022
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    Lynne Marek/Payments Dive

    Fintechs party like it’s 2021 at Money 20/20

    Thousands of payments and fintech professionals at the Money 20/20 conference in Las Vegas this week are racing ahead with high-growth businesses, even as a drop-off in capital threatens to ruin the celebration.

    By Oct. 25, 2022
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    Google Maps

    Fiserv divestiture hints at strategy shift

    As payments companies face economic headwinds, Fiserv and its peers “may try to focus on their strongest market positions versus more ancillary opportunities,” said Oppenheimer & Co. analyst Dominick Gabriele. 

    By Oct. 24, 2022
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    damircudic via Getty Images

    BNPL for business is a high stakes proposition

    “As BNPL providers, especially in the business realm where more money is being spent, fintechs are going to need much more sophisticated, secure, reliable authentication methods,” writes Flexbase CEO Zaid Rahman.

    By Zaid Rahman • Oct. 24, 2022
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    Justin Sullivan via Getty Images

    Amex adds to loss provisions

    As consumers grapple with inflation, the card company reported this week that delinquencies have ticked up and that it’s boosting its loss provisions.

    By Oct. 21, 2022