Risk: Page 2


  • Customer pays at business
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    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 Caitlin Mullen • Jan. 25, 2024
  • Image attribution tooltip
    Mark Wilson via Getty Images
    Image attribution tooltip

    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 Caitlin Mullen • Jan. 23, 2024
  • Animated hooded person steps off a laptop screen with an oversized credit card under his arm. Explore the Trendline
    Image attribution tooltip
    tommy via Getty Images
    Image attribution tooltip
    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
  • A graduation cap sits atop cash bills
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    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 Caitlin Mullen • Jan. 18, 2024
  • American Express logo on window
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    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 Caitlin Mullen • Jan. 16, 2024
  • Fiserv headquarters in Brookfield, Wisconsin
    Image attribution tooltip

    Google Maps

    Image attribution tooltip

    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 Caitlin Mullen • Jan. 12, 2024
  • Image of bitcoins.
    Image attribution tooltip
    Chris McGrath via Getty Images
    Image attribution tooltip

    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
  • People walk around in front of a truck offering free donuts.
    Image attribution tooltip
    Permission granted by Steve Smith
    Image attribution tooltip

    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 , Caitlin Mullen , Jan. 9, 2024
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip
    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 Caitlin Mullen • Jan. 9, 2024
  • Person makes payment online with card
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip
    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 Caitlin Mullen • Jan. 8, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra standing at a podium on stage.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    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
  • A person uses a mobile use to make a purchase
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    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 Caitlin Mullen • Dec. 21, 2023
  • American Express sticker on a window
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip
    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 Caitlin Mullen • Dec. 19, 2023
  • Crypto regulation
    Image attribution tooltip
    Leon Neal via Getty Images
    Image attribution tooltip

    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
  • Venmo small business feature.
    Image attribution tooltip
    Courtesy of Venmo
    Image attribution tooltip

    Senators keep pressure on PayPal, Block

    Senate Democrats urged top executives at PayPal and Block, in another round of letters, to improve reimbursement for victims of payment scams.

    By Dec. 14, 2023
  • Businesswoman calculating finances in an office
    Image attribution tooltip
    PeopleIMages via Getty Images
    Image attribution tooltip

    Authorized payment scams climb in US

    Such scams are expected to jump 50-plus percent to $3 billion by 2027, forcing financial institutions to address the rising threat, according to a new report.

    By Tatiana Walk-Morris • Dec. 14, 2023
  • Discover's incoming CEO, Michael Rhodes
    Image attribution tooltip
    Retrieved from Discover Financial Services on December 11, 2023
    Image attribution tooltip

    Discover’s new CEO brings bank experience

    Michael G. Rhodes, previously the group head for Canadian personal banking at TD Bank Group, will take the helm at Discover in March.

    By Caitlin Mullen • Updated Dec. 12, 2023
  • Person checks boxes
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Discover to spend at least $500M on compliance next year

    “We’re going to continue to invest whatever we have to invest in order to get the compliance issues behind us,” CFO John Greene said last week.

    By Caitlin Mullen • Dec. 11, 2023
  • A gun lies on a countertop
    Image attribution tooltip
    Brian Blanco / Stringer via Getty Images
    Image attribution tooltip

    Lawmakers call for action on gun code

    Sen. Elizabeth Warren and 48 other congressional Democrats called on the card networks to provide answers to a dozen questions related to the gun merchant category code.

    By Caitlin Mullen • Dec. 7, 2023
  • Yesway
    Image attribution tooltip
    Permission granted by Relay Payments
    Image attribution tooltip

    Convenience retailer Yesway adopts Relay’s fuel payment software

    Relay’s cardless purchasing capability allows more fleets and drivers to avoid fraud caused by card skimming, the logistics payment company said.

    By Brett Dworski • Dec. 1, 2023
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
    Image attribution tooltip
    Zhanna Hapanovich via Getty Images
    Image attribution tooltip

    FIS eyes small acquisitions

    Fidelity National Information Services is on the hunt for smaller acquisitions in one of its divisions, and it’s benefitting from other companies’ deals in another.

    By Dec. 1, 2023
  • A graduation cap sits atop cash bills
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Discover pursues sale of student loan business

    The card issuer said it’s seeking to offload its $10.4 billion student loan portfolio.

    By Caitlin Mullen • Nov. 30, 2023
  • View of PayPal logo outside of company headquarters
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    PayPal tackles chargeback fraud

    PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

    By Nov. 29, 2023
  • Several Visa cards spread out on surface revealing company's logo.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Visa proposes new plan for covering litigation liability

    The card network’s board approved pursuing a shareholder vote on a new approach to covering potentially more than $35 billion in outstanding merchant claims against the company.

    By Nov. 22, 2023
  • Chinese shopping mall
    Image attribution tooltip
    Kevin Frayer via Getty Images
    Image attribution tooltip

    Will China be a boon or bust for card networks?

    U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.

    By Nov. 21, 2023
  • Two hands holding credit cards.
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Credit card demand remains robust, rejections rise: New York Fed

    As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.

    By Caitlin Mullen • Nov. 21, 2023