Banking: Page 11

  • Businessman using tablet
    Image attribution tooltip
    Moon Safari via Getty Images
    Image attribution tooltip
    Sponsored by U.S. Bank

    How U.S. Bank Card as a Service (CaaS) can solve B2B payment bottlenecks

    With CaaS, you can reimagine the payment process, offer new payment services and improve the customer or employee experience.

    May 13, 2024
  • CFPB Director Rohit Chopra sitting on a panel next to Secretary of Transportation Pete Buttigieg.
    Image attribution tooltip
    Permission granted by James Pothen
    Image attribution tooltip

    CFPB, DOT take aim at airline rewards

    The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.

    By • May 10, 2024
  • One hand holds a phone and another hand points with business icons in the background. Explore the Trendline➔
    Image attribution tooltip
    innni via Getty Images
    Image attribution tooltip
    Trendline

    Payments players eye digital B2B opportunity

    Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.

    By Payments Dive staff
  • People in Beijing relaxing in a park.
    Image attribution tooltip
    Kevin Frayer via Getty Images
    Image attribution tooltip

    Mastercard joint venture starts operations in China

    The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.

    By • May 10, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Jack Henry, Visa see escalating FedNow volume

    While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

    By • May 9, 2024
  • A young man delivers food down a flight of stairs.
    Image attribution tooltip
    M_a_y_a via Getty Images
    Image attribution tooltip

    Will EWA payments expand with real-time?

    While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.

    By • May 7, 2024
  • The logo for the tech firm "Block" is displayed and reflected in a number of digital screens
    Image attribution tooltip
    Leon Neal via Getty Images
    Image attribution tooltip

    Block integrates Afterpay with Cash App card

    The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”

    By • May 7, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Fed, TCH joust over interoperability

    When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.

    By • May 7, 2024
  • cushion BNPL bill pay center
    Image attribution tooltip
    Permission granted by Cushion
    Image attribution tooltip

    BNPL users tend to have lower incomes: Bank of America

    The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among millennial and Gen X consumers.

    By • May 6, 2024
  • Woman paying at boutique.
    Image attribution tooltip
    bymuratdeniz via Getty Images
    Image attribution tooltip

    Merchants urged to file claims for $5.5B payment card settlement

    Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.

    By Lyle Moran • May 6, 2024
  • Man paying with mobile phone
    Image attribution tooltip
    Photographer unknown via Getty Images
    Image attribution tooltip
    Opinion

    Pay-by-bank holds promise

    “The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

    By Eric Shoykhet • May 3, 2024
  • Customer pays at business
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Global Payments to wrap review soon

    The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.

    By • May 2, 2024
  • Patrick and John Collison, Stripe co-founders
    Image attribution tooltip
    Permission granted by Stripe
    Image attribution tooltip

    Stripe unbundles services as industry shifts

    The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

    By • May 1, 2024
  • Button on a keyboard that says 'real-time'
    Image attribution tooltip
    William_Potter via Getty Images
    Image attribution tooltip

    Real-time consumer payments need standards to rise

    To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

    By • April 30, 2024
  • Image attribution tooltip
    MilosStankovic via Getty Images
    Image attribution tooltip

    FTC sues Doxo over deceptive ads, junk fees

    After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.

    By Tatiana Walk-Morris • April 30, 2024
  • Stack of credit cards spread out
    Image attribution tooltip
    bernie_photo via Getty Images
    Image attribution tooltip

    NRF objects to Visa-Mastercard settlement

    The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.

    By • April 29, 2024
  • A three-dimension rendered image of global connection lines across a satellite image of earth
    Image attribution tooltip
    DKosig via Getty Images
    Image attribution tooltip
    Opinion

    Why financial institutions should embrace ISO 20022

    Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

    By Sylvie Boucheron-Saunier • April 26, 2024
  • Header image for "Biden Names 3 Nominees to Fed's Board of Governors"
    Image attribution tooltip
    CFO Editorial Staff
    Image attribution tooltip

    FedNow pricing aimed at avoiding market disruption

    The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

    By , • April 25, 2024
  • Kansas state capitol
    Image attribution tooltip
    Ray Tan via Getty Images
    Image attribution tooltip

    EWA providers hail new Kansas law

    Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.

    By • April 25, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
    Image attribution tooltip
    Jens_Lambert_Photography via Getty Images
    Image attribution tooltip

    Fed seeks 8,000 financial institutions for FedNow

    About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

    By , • April 25, 2024
  • fintech graphic
    Image attribution tooltip
    Getty Images/Staff via Getty Images
    Image attribution tooltip

    Synapse signs deal with TabaPay, files for bankruptcy

    TabaPay set a purchase price of $9.7 million to acquire Synapse's assets — a deal that is pending bankruptcy court approval.

    By Rajashree Chakravarty • April 24, 2024
  • Visa cards are fanned out on table
    Image attribution tooltip
    Justin Sullivan / Staff via Getty Images
    Image attribution tooltip

    Visa debit card volume growth keeps sliding

    The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.

    By • April 24, 2024
  • A person pushes a cart in front of Walmart
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Walmart offers a new BNPL option: report

    The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

    By Caitlin Mullen • April 24, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
    Image attribution tooltip
    Maks_Lab via Getty Images
    Image attribution tooltip

    Ramp may target US startups this year: report

    After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

    By • April 23, 2024
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
    Image attribution tooltip
    mikkelwilliam via Getty Images
    Image attribution tooltip

    Video game industry preps for oversight

    The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.

    By • April 22, 2024
  • Small wooden box swag from Fed with FedNow logo.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Fed courts nonbanks for FedNow growth

    The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

    By • April 22, 2024