Tether, crypto exchange Bitfinex to pay $18.5M to settle NY probe

Tether will give officials quarterly reports on its reserves and end trading with the state's residents in an agreement that ends a two-year investigation into allegations it hid the loss of $850 million in client and corporate money.

By Dan Ennis • Feb. 24, 2021

How can data manipulation impact the bottom line?

Factoring disinformation into a threat model can allow a company to combat lies and protect its reputation.

By Samantha Schwartz • Feb. 17, 2021

Explore the 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

Why Global Payments went multicloud

Large companies venture down the multicloud path to support different business arms.

By Katie Malone • Feb. 11, 2021

BNY Mellon commits to holding, transferring and issuing crypto

The New York-based bank said Thursday it is developing a client-facing prototype for a multi-asset digital custody and administration platform set to roll out this year.

By Dan Ennis • Feb. 11, 2021

Gemini launches crypto-based savings product offering up to 7.4% yield

Gemini said it can pay such high rates because it lends to institutional borrowers through a partner, but that puts it largely outside the regulatory sphere — leaving customers assuming considerably more risk.

By Dan Ennis • Feb. 3, 2021

Report: Cyberattacks cost financial firms $4.7M on average last year

Weak endpoints and a lack of policy enforcement are imposing extra costs on companies as home-based workers remain vulnerable.

By David Jones • Jan. 28, 2021

American Express expands small business perks as it reportedly falls under federal investigation

As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices.

By Tatiana Walk-Morris • Jan. 8, 2021

Credit action helped payments company FLEETCOR withstand COVID-19

The company reined in the amount companies could float, limiting its exposure amid the uncertainty.

By Robert Freedman • Nov. 15, 2020

PayPal launches crypto payment platform

The payments company will convert consumers' Bitcoin, Ethereum, Bitcoin Cash and Litecoin holdings into fiat currencies when they check out. That cuts the risk merchants assume from any volatility in cryptos' value.

By Dan Ennis • Updated March 30, 2021

Afterpay partners with retailers for in-store payments

Shoppers nationwide can use a virtual, contactless card stored in their digital wallet to pay for in-store purchases in installments. 

By Tatiana Walk-Morris • Oct. 19, 2020

Bank of America enters the small-dollar loan fray

Balance Assist, which will launch in January, will offer loans of up to $500 — to be repaid in three installments over 90 days — for a flat $5 fee to customers who have held Bank of America checking accounts for a year or more.

By Dan Ennis • Oct. 9, 2020

Ally partners with Mastercard's Vyze to enter retail point-of-sale lending

The bank will offer installment loans on retail purchases between $500 and $40,000 with interest rates ranging from 9.99% to 26.99%. Monthly fixed-rate installment loans will range from six to 60 months, the company said.

By Dan Ennis • Aug. 26, 2020

Facebook unveils payments umbrella

Facebook Financial, the social network's latest effort to lend brand consistency among its payment and commerce plans, will be overseen by Libra co-creator David Marcus.

By Dan Ennis • Aug. 11, 2020

CVS to offer Venmo, PayPal QR codes in stores

Other platforms, like WhatsApp and Amazon, have introduced QR codes for merchants, too.

By Tatiana Walk-Morris • Aug. 3, 2020

Remote work exposes payment system inefficiencies

Although most organizations want to automate payments, only about 8% have fully done so.

By Robert Freedman • July 22, 2020

Will COVID-19 push contactless payments into the mainstream?

Multiple barriers have curtailed retailers' contactless payment integration. But a pandemic may be the catalyst to widespread adoption. 

By Tatiana Walk-Morris • June 9, 2020

Samsung to launch US debit card this summer with SoFi

The South Korean company joins competitors Apple and Google, as more tech giants announce plans to offer banklike products.

By Anna Hrushka • May 11, 2020

More than half of US consumers paying contactless, Mastercard finds

Banks such as HSBC, JPMorgan Chase and Bank of America have ramped up their efforts to push consumers toward tap-and-go technology. The coronavirus may prove the catalyst for behavioral shift.

By Dan Ennis • April 30, 2020

Consumers aren't adopting mobile wallets, even during the pandemic

A PYMNTS.com study conducted in March found that mobile wallets accounted for a small portion of eligible transactions, despite the coronavirus outbreak.

By Tatiana Walk-Morris • April 7, 2020

Abercrombie & Fitch, Hollister launch Instagram Checkout

The in-app checkout feature adds to the retailer's growing slate of diverse payment methods.

By Lisa Rowan • Oct. 10, 2019

J.C. Penney pulls the plug on contactless payments

The move comes as other major retailers roll out Apple Pay to consumers and Amazon Pay positions itself as a potential competitor.

By Tatiana Walk-Morris • April 24, 2019

Sephora launches store-branded credit card program

Cardholders will receive rewards in addition to those they already get from the retailer's popular Beauty Insider program.

By Cara Salpini • March 15, 2019

Hudson's Bay data breach among 'most damaging' in retail

The department store retailer's Saks and Lord & Taylor stores were hit with a massive security breach in their point-of-sale systems, adding to the company's ongoing woes.

By Dan O'Shea • April 2, 2018

The Buckle latest retailer to suffer POS malware attack

The specialty apparel retailer, which suffered a 6-month-long attack, said malicious code had been removed and sensitive customer information was not compromised. 

By Dan O'Shea • June 19, 2017