Risk: Page 4
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Payments conferences to consider for 2024
Payments professionals will have plenty of choices when contemplating conferences to attend next year. The hard part will be choosing which to attend. Here are our staff picks.
By Lynne Marek • Oct. 9, 2023 -
Credit card debt tops $1 trillion, before the holidays even arrive
Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.
By Daphne Howland • Oct. 3, 2023 -
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 -
Payment security at the pump tops consumer demands: survey
A fast payment process is another top feature customers value when buying items from convenience stores, Dover Fueling Solutions noted in its latest report.
By Jessica Loder • Oct. 3, 2023 -
Discover, FDIC reach consent agreement
The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.
By Caitlin Mullen • Oct. 2, 2023 -
Chase to ban crypto payments for UK customers
“If we think you're making a payment related to crypto assets, we'll decline it,” Chase U.K. told customers in an email reported by CoinDesk.
By Gabrielle Saulsbery • Sept. 28, 2023 -
Wawa’s $10.7M data breach lawsuit against Mastercard thrown out
The convenience retailer accused the card network company of breach of contract and unfair practices stemming from its 2019 malware attack.
By Brett Dworski • Sept. 26, 2023 -
Sponsored by TokenEx
PCI security is costing you more than you think
PCI compliance has many hidden costs as companies work to bring systems into compliance and maintain compliance throughout the year.
Sept. 25, 2023 -
BNPL users seek and use more new credit, Fed study finds
Researchers with the Philadelphia Fed’s Consumer Finance Institute also discovered a typical BNPL user’s credit score was more than 50 points lower than a non-user's.
By Caitlin Mullen • Sept. 18, 2023 -
Payments at MGM Resorts disrupted by cyberattack
The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.
By David Jones • Sept. 15, 2023 -
CFPB flags risks of tuition payment plans
In a new report, the federal watchdog highlighted the pitfalls of school-based tuition payment plans, including confusing repayment terms and a high cost for credit.
By Caitlin Mullen • Sept. 15, 2023 -
Square apologizes for last week’s outage
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”
By Caitlin Mullen • Sept. 14, 2023 -
Discover shares pricing error findings with regulators
Discover executives met with regulators on the issue Monday, and the company expects further discussion, CFO John Greene said.
By Caitlin Mullen • Sept. 13, 2023 -
Visa tracks spike in retail, e-commerce fraud
Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.
By Tatiana Walk-Morris • Sept. 13, 2023 -
Affirm extends bridge to regulators
“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.
By Caitlin Mullen • Sept. 11, 2023 -
Sponsored by Justt
A strategic look at chargebacks with data from over 500 merchants
Hear from Justt.ai co-founder, Roenen Ben-Ami, as he offers strategic insights into where the industry is headed, and get your copy of the data for free.
By Roenen Ben-Ami, Justt co-founder • Sept. 11, 2023 -
Discover expands board with former regulator
The card issuer added a former FDIC regional director to its board as it grapples with regulatory scrutiny.
By Caitlin Mullen • Sept. 6, 2023 -
Klarna narrows first-half loss
The Swedish BNPL company, which was last profitable in 2018, recorded a small profit for one month during the second quarter.
By Caitlin Mullen • Aug. 31, 2023 -
Zip posts loss under new leadership
After overhauling the business to stem cash burn and turn a profit, BNPL firm Zip’s annual loss narrowed over last year.
By Caitlin Mullen • Aug. 30, 2023 -
Affirm gears up for student loan restart
With payments set to resume in October, the buy now, pay later provider is factoring consumers’ student loan balances into its underwriting decisions.
By Caitlin Mullen • Aug. 29, 2023 -
Q&A
BNPL risks raise questions for Consumer Reports
BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.
By Caitlin Mullen • Aug. 21, 2023 -
Discover ‘acting with urgency’ on Hochschild replacement
Interim CEO John Owen also said the company has hired about 200 compliance officers in recent months as Discover bolsters regulatory and risk management efforts.
By Caitlin Mullen • Aug. 17, 2023 -
Splitit targets areas BNPL rivals have ‘underserved’: CEO
The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.
By Caitlin Mullen • Aug. 14, 2023 -
New Fed unit to supervise crypto, nonbank partnerships
The central bank clarified that any state bank it supervises must get the regulator’s green light before issuing, holding or transacting in dollar tokens, such as stablecoins, to facilitate payments.
By Anna Hrushka • Aug. 9, 2023 -
Credit card debt tops $1 trillion
Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.
By Tatiana Walk-Morris • Aug. 9, 2023 -
Column
What a shooter’s payment choice reveals — or doesn’t
Whether or not the payment type behind an active shooter’s purchase of a gun means anything may be revealed in patterns.
By Lynne Marek • Aug. 8, 2023