Risk: Page 2

  • A cashier hands a shopper their credit card
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    Joe Raedle / Staff via Getty Images

    Card delinquency rates, balances rise: TransUnion

    As card issuers report an uptick in delinquencies and balances, the credit reporting bureau offers new research to help lenders spot trouble.

    By Tatiana Walk-Morris • Oct. 10, 2022
  • Warren report slams Zelle reimbursements

    The senator pushed to bolster a key CFPB rule after releasing a report tallying claims of fraud and scams on the P2P platform submitted by Truist, PNC, U.S. Bank and Bank of America.

    By Dan Ennis • Oct. 4, 2022
  • Drawing of different digital crime images Explore the Trendline
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    Olga Naumova via Getty Images

    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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    Spencer Platt via Getty Images

    Affirm targets offline growth

    The buy now-pay later provider’s chief financial officer said this week its Debit+ card is a key part of Affirm’s strategy to push further into brick-and-mortar sales.

    By Sept. 30, 2022
  • 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
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    B4LLS via Getty Images

    BNPL firms encounter growing pains

    As buy now-pay later providers face a shifting economic environment and regulatory scrutiny, they’re likely pursuing transformation, a Guidehouse consultant said.

    By Sept. 28, 2022
  • Person uses credit card to buy online
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    Nastasic via Getty Images

    Banks take stock of payment fraud threats

    Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

    By Suman Bhattacharyya • Sept. 28, 2022
  • Bank CEOs sit in front of the Senate Banking Committee.
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    Drew Angerer via Getty Images

    Bank CEOs defend Zelle in Senate hearing

    Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.

    By Anna Hrushka • Sept. 23, 2022
  • PayPal phone app for purchases
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    Permission granted by PayPal Spokesman Joseph Gallo

    PayPal defends BNPL position

    The payments firm is just as popular with younger shoppers as its buy now-pay later rivals, a PayPal executive said last week.

    By Sept. 22, 2022
  • President Biden stands behind a lectern featuring the presidential seal.
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    Anna Moneymaker via Getty Images

    Biden advances digital asset regulation

    The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”

    By Anna Hrushka • Sept. 16, 2022
  • A rendering of an empty hospital corridor with a reception desk.
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    Ninoon via Getty Images

    Healthcare fintechs targeted by cyber criminals

    Cybersecurity professionals say healthcare payments processing firms are particularly vulnerable to information technology breaches and ransom demands.

    By Joe Burns • Sept. 8, 2022
  • Mobile phone with currency symbols
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    hqrloveq via Getty Images

    Visa, Mastercard face cross-border fee questions in U.K.

    The U.S. card giants are taking a stand in defense of their services for cross-border transactions as U.K.’s parliament and regulators scrutinize higher fees.

    By Sept. 7, 2022
  • A rifle is seen in a store window
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    Spencer Platt / Staff via Getty Images

    Lawmakers push card companies to back gun-merchant code

    Democratic Congress members, in letters to the CEOs of Visa, Mastercard and American Express, pressed the companies to support creating a merchant code for gun sellers.

    By Sept. 7, 2022
  • $100 dollar bill made up of 1s and 0s
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    imagedepotpro via Getty Images

    Strange bedfellows question CBDC

    The Fed has an uphill effort ahead in pursuing a central bank digital currency, as evidenced by extensive skepticism from two disparate groups.

    By Sept. 6, 2022
  • Jack Dorsey, Block CEO
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    Joe Raedle / Staff via Getty Images

    Lawsuit filed against Block

    A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

    By Aug. 25, 2022
  • Convera CEO Patrick Gauthier
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    Permission granted by Convera

    Convera CEO revamps former Western Union biz

    Patrick Gauthier, the former head of Amazon Pay, aims to remake Western Union’s B2B unit and aid corporate clients in navigating currency volatility.

    By Aug. 23, 2022
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB spotlights payments risks

    The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

    By Aug. 22, 2022
  • 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.
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    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

    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
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    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