Banking: Page 11
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Permission granted by Andy Gerit
Visa to buy cybersecurity firm Featurespace
The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.
By Lynne Marek • Sept. 26, 2024 -
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FDX seeks to become open banking standard-setter
The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.
By Patrick Cooley • Sept. 26, 2024 -
Explore the Trendline➔
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TrendlinePayments 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 -
Justin Sullivan / Staff via Getty Images
How Visa stymied big tech rivals
The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.
By Lynne Marek • Sept. 25, 2024 -
Kent Nishimura via Getty Images
DOJ suit accuses Visa of illegal debit payment monopoly
The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.
By Justin Bachman • Sept. 24, 2024 -
Justin Sullivan via Getty Images
Visa faces possible DOJ lawsuit, news reports say
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
By Lynne Marek • Sept. 24, 2024 -
Retrieved from DailyPay.
DailyPay to offer service outside US
Earned wage access provider DailyPay plans to begin offering its services outside the U.S. for the first time later this year.
By Lynne Marek • Sept. 23, 2024 -
Courtesy of Walmart
Walmart, Fiserv team to offer real-time payments
The retail giant and payments processor are targeting next year for offering consumers a real-time payment option online.
By Lynne Marek • Sept. 20, 2024 -
Courtesy of Amazon
Amazon adds PayPal option to Buy with Prime
The e-commerce platform will also let consumers connect their PayPal and Prime accounts next year, and access free shipping via Buy with Prime on some merchants’ sites.
By Tatiana Walk-Morris • Sept. 20, 2024 -
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Reliant pushes back against CFPB lawsuit
The card services company argued Wednesday that it has always been upfront with customers about fees, and was blindsided by the CFPB's legal action.
By Patrick Cooley • Sept. 19, 2024 -
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OpinionWho really pays for your credit card reward points?
"While rewards may feel like a bonus for those who use credit cards regularly, they ultimately come at a cost," writes one payments executive.
By Parth Vatsal • Sept. 19, 2024 -
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Brex rolls out embedded payments tool
The fintech aims to capture a larger share of the B2B payments market, working with partners in addition to selling directly, Brex's president said.
By Rajashree Chakravarty • Sept. 19, 2024 -
Kevin Dietsch via Getty Images
Credit Card Competition bill backers keep pressure on
Republican Sen. Roger Marshall has a new ad pitching the Credit Card Competition Act proposal aimed at dislodging Visa and Mastercard’s dominance.
By Lynne Marek • Sept. 19, 2024 -
Douglas Rissing via Getty Images
Fed payments proposal pits big banks against small rivals
The Federal Reserve’s proposal to extend the operating hours of two interbank payments systems has been welcomed by large banks, but panned by many small financial institutions.
By Lynne Marek • Sept. 18, 2024 -
Permission granted by Workday
Rain to offer EWA services via Workday
The earned wage access provider will now be able to offer its services to more employers through the human resources software firm’s systems.
By Tatiana Walk-Morris • Sept. 18, 2024 -
Win McNamee via Getty Images
CFPB takes aim at ATM, debit card fees
Regulators should assume, as a default, that customers have not agreed to coverage and fees unless banks can provide signed agreements or recorded conversations, the agency said in a policy reminder.
By Dan Ennis • Sept. 18, 2024 -
Courtesy of Mastercard
Mastercard CFO to continue working after cancer diagnosis
Decisions on medical disclosures can be challenging for companies. Mastercard’s approach drew high marks from some corporate governance experts.
By Maura Webber Sadovi • Sept. 18, 2024 -
Scott Olson via Getty Images
Apple launches Affirm BNPL option
Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.
By Lynne Marek • Sept. 17, 2024 -
Michael A. McCoy / Stringer via Getty Images
Lawmakers push for crackdown on fintechs
Two U.S. senators demanded tighter regulations on BaaS and fintech partnerships, saying they pose “a broader threat to the stability of our banking system and the economy.”
By Rajashree Chakravarty • Sept. 17, 2024 -
Retrieved from Beijing Daily App on September 16, 2024
Visa, Mastercard enable rail transit payment in Beijing
The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.
By Lynne Marek • Sept. 16, 2024 -
Justin Sullivan via Getty Images
U.S. Bank rolls out access to Paze digital wallet
The bank began offering the payments option from Early Warning Services to its credit and debit cards customers this week.
By Patrick Cooley • Sept. 13, 2024 -
Just_Super via Getty Images
Mastercard acquires cybersecurity firm for $2.65B
The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.
By Lynne Marek • Sept. 12, 2024 -
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North American cashless payments to climb 7% by 2028: report
Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.
By Tatiana Walk-Morris • Sept. 12, 2024 -
Viorika via Getty Images
Airwallex eyes embedded payments in global push
The payments software provider is making “immediate bets” on the Brazil and Mexico markets, a company executive said.
By Grace Noto • Sept. 12, 2024 -
whyframestudio via Getty Images
Global Payments CEO reshapes the business
The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.
By Lynne Marek • Sept. 11, 2024 -
Courtesy of PayPal
PayPal seeks to attract users offline
The digital payments pioneer is leaning on cashback rewards to attract more consumer use in stores, and will also tap near-field technology to expand.
By Lynne Marek • Sept. 10, 2024
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