Risk: Page 2

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

Explore the Trendline➔

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

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 Caitlin Mullen • Sept. 30, 2022

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 Caitlin Mullen • Sept. 28, 2022

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 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 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 Caitlin Mullen • Sept. 22, 2022

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

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

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 Lynne Marek • Sept. 7, 2022

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 Caitlin Mullen • Sept. 7, 2022

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 Lynne Marek • Sept. 6, 2022

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 Caitlin Mullen • Aug. 25, 2022

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 Caitlin Mullen • Aug. 23, 2022

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 Caitlin Mullen • Aug. 22, 2022

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

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 Caitlin Mullen • Aug. 5, 2022

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 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 Caitlin Mullen • Aug. 4, 2022

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 Caitlin Mullen • Aug. 2, 2022

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 Lynne Marek • Aug. 1, 2022

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 Caitlin Mullen , Lynne Marek • July 29, 2022

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 Jonathan Berr • July 29, 2022

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 Caitlin Mullen • July 26, 2022

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 Caitlin Mullen • July 21, 2022