Risk: Page 3


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    G-7 nations impose limited Swift sanctions

    Japan on Sunday joined a coalition of six nations and the European Union in imposing Swift money transfer system sanctions on a limited number of Russian banks.    

    By , Dan Ennis • Updated Feb. 27, 2022
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    Alex Wong via Getty Images
    Deep Dive

    US banks brace for stricter sanctions against Russia

    The Russian banks the U.S. targeted Tuesday account for only 5% of the country's total bank assets. But penalties aimed at larger banks of greater systemic importance may be in the offing.

    By Robin Bradley • Feb. 25, 2022
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    Adam Berry via Getty Images

    Payment companies mainly skirt Russia-Ukraine impact

    Payments industry executives likely aren't worrying too much about Russia's invasion of Ukraine, based on the amount of revenue coming from the region, at least not yet.

    By Feb. 25, 2022
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    Poike via Getty Images

    Firms tackle ballooning BNPL fraud

    In another sign of buy now-pay later’s skyrocketing popularity, companies that tackle fraud are rolling out tools to address risk related to the payment option.

    By Feb. 22, 2022
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    Freepik.com

    Sponsored by EverC

    How deep fakes are hurting the payments industry

    How payments players can protect themselves against deep fakes.

    Feb. 22, 2022
  • Two cell phones with a lot of loose SIM cards.
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    Andrei Berezovskii via Getty Images

    SIM swap schemes threaten mobile payments

    The FBI says SIM card swap fraud, where cybercrooks snatch sensitive data from mobile phones, is on the rise. The Federal Communications Commission is trying to do something about it, but it's not an easy crime to stop.

    By Mercedes Cardona • Feb. 15, 2022
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    Courtesy of Tricia Harte

    Experian debuting BNPL bureau later this year

    The Ireland-based credit reporting agency said it's creating a designated bureau to handle real-time reporting of buy now-pay later data, as the installments trend becomes increasingly popular with consumers.

    By Jan. 20, 2022
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    Matt Cardy via Getty Images
    Column

    Why consumers like me are getting a barrage of credit card offers

    Think it's weird that my cat got offered a credit card? That's part of the wave of offers arriving as card issuers and their processing networks seek to recover from a COVID-19 credit spending drop.

    By Jan. 12, 2022
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    Tero Vesalainen via Getty Images

    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

    By , , Jan. 4, 2022
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    Courtesy of Tricia Harte

    BNPL growth prompts change from credit bureaus

    Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.

    By Dec. 20, 2021
  • Klarna $1 billion funding round.
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    Courtesy of Klarna

    Feds increase scrutiny of buy now-pay later

    The Consumer Financial Protection Bureau is concerned about consumers taking on too much debt, and about BNPL providers evading laws. As a result, it's demanding information from five of the biggest players in the emerging industry.

    By , , Dec. 16, 2021
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    ViewApart via Getty Images

    Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.

    Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.

    By Maria Monteros • Dec. 15, 2021
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    Win McNamee/Getty Images via Getty Images

    How Elon Musk's mood drives crypto

    The world's richest man can send cryptocurrency prices soaring or plummeting depending on his mood. This year, Dogecoin has been the object of his affection, and derision.

    By Dec. 14, 2021
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    Retrieved from Flickr/frankieleon.

    Card industry faces $400B in fraud losses over next decade, Nilson says

    Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.

    By Dec. 14, 2021
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    Megan Quinn/Payments Dive

    Crypto execs urge regulation tailored to risks

    They told lawmakers at a Wednesday hearing on Capitol Hill that nothing short of U.S. leadership in the field of digital assets is at stake.

    By Dan Ennis • Dec. 10, 2021
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    Rebecca Pifer/Payments Dive

    Fintech firms lock arms for new standard

    Digital finance company Plaid is leading a group of fintechs, data security companies and compliance firms in developing a new standard to protect confidential consumer data from hackers.

    By Dec. 9, 2021
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    Chip Somodevilla via Getty Images

    New York Fed, BIS partner on fintech research center

    The innovation hub is meant to support the U.S. central bank's analysis of digital currencies, including CBDCs, and to help make cross-border payments faster and less expensive, Fed Chair Jerome Powell said.

    By Robin Bradley • Dec. 7, 2021
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    Matt Cardy via Getty Images

    Hackers sell stolen US cards at dirt cheap prices

    "Even though the biggest number of card details found for sale were from these 3 countries, this doesn’t mean that they are the most vulnerable," a cybersecurity company report on the topic said.

    By Dec. 6, 2021
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    Chip Somodevilla via Getty Images

    SEC Chair Gensler to crypto platforms: Come to us before we come for you

    The SEC head called on digital asset exchanges to register with the agency, citing concerns for "vulnerable" investors. "If we don’t address these issues, I worry a lot of people will be hurt," he said.  

    By Dec. 3, 2021
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    Kevin Dietsch via Getty Images

    Senate banking chair queries crypto CEOs

    The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.

    By Anna Hrushka • Nov. 29, 2021
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    vchal via Getty Images

    Enterprises prepare for ransomware threats during Thanksgiving

    Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations. 

    By David Jones • Nov. 24, 2021
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    RyanJLane via Getty Images
    Deep Dive

    Payment Choice Act wins bipartisan backing

    New Jersey Democrat Rep. Payne is trying to preserve cash as a form of payment and collecting support across the aisle, even as the possibility of a U.S. digital dollar gains traction.

    By Nov. 23, 2021
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    Courtesy of Peloton

    Affirm reports better outlook, sidesteps Peloton question

    The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.

    By Nov. 11, 2021
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    Sean Gallup via Getty Images

    Amazon will accept Venmo next year

    "Pay with Venmo is one of the key revenue drivers for Venmo going forward," PayPal CEO Dan Schulman said.

    By Nov. 9, 2021
  • Rohit Chopra
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    Chopra screen grab/Payments Dive, data from Screen grab

    CFPB's hard line with payments industry may be a hint of things to come

    Six of the biggest tech companies in the US are stepping up to meet the demands of the CFPB's new head, Rohit Chopra, regarding their payments practices.

    By Nov. 8, 2021