Banking: Page 16
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Amex to buy Tock for $400M
American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.
By Patrick Cooley • June 21, 2024 -
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PayPal fills CTO position with former Walmart exec
Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.
By Roberto Torres • June 21, 2024 -
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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 -
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Senate Republicans join battle against Fed debit card plan
Senators this week introduced their version of a House bill aimed at derailing the Federal Reserve’s plan to lower the cap on fees that card issuers can charge merchants on debit card transactions.
By Lynne Marek • June 20, 2024 -
Lynne Marek/Payments Dive
Faster payments catch on slowly: survey
About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.
By Tatiana Walk-Morris • June 20, 2024 -
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CFPB House hearing: 6 key takeaways
House Republicans expressed frustration that the Consumer Financial Protection Bureau decided to treat buy now, pay later loans like credit cards, while Democrats pushed for faster, cheaper remittance options.
By James Pothen • June 18, 2024 -
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Apple to drop its BNPL option in US
The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.
By Patrick Cooley , Lynne Marek • June 17, 2024 -
Permission granted by Wise
Wise persists with reduced pricing approach
The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.
By Grace Noto • June 17, 2024 -
Courtesy of Brex
Brex moves to single-CEO model
Pedro Franceschi will become sole chief executive, while co-founder Henrique Dubugras will move to board chair as the company aims to go public in 2025.
By Dan Ennis • June 14, 2024 -
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Startup offers ‘credit-building’ debit cards for Gen Z
Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.
By Patrick Cooley • June 13, 2024 -
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EBay to accept Venmo
A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, a digital tool popular among Gen Z and millennials.
By Patrick Cooley • June 12, 2024 -
Courtesy of Apple
Apple unveils new iPhone touch and pay feature
The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.
By Patrick Cooley • June 12, 2024 -
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OpinionFighting deepfakes via payments
“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.
By Alan Primitivo • June 12, 2024 -
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Q&AUpcoming ISO 20022 transition leaves some finance players scrambling
The move to ISO 20022 is coming late next year and many financial institutions remain unprepared for the switch.
By Patrick Cooley • June 11, 2024 -
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Cash use persists in US beyond pandemic
Consumers remained committed to cash use last year, even as the share of card payments rose and online payments increased, according to an annual Federal Reserve study.
By Lynne Marek • June 11, 2024 -
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Rivals Adyen, Stripe partner with Capital One to combat fraud
The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.
By Patrick Cooley • June 10, 2024 -
Courtesy of Mastercard
Mastercard shepherds seven startups
The card network has selected a group of next-generation payment and banking startups for its accelerator program.
By Tatiana Walk-Morris • June 10, 2024 -
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Illinois heads toward landmark card interchange fee restrictions
The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.
By Lynne Marek • June 7, 2024 -
Retrieved from Consumer Financial Protection Bureau.
CFPB finalizes open banking standard-setter rule
The bureau will consult public interest groups and app developers on open banking standards, and no single special interest can dominate the standards-making process.
By Gabrielle Saulsbery • June 7, 2024 -
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Waystar envisions $20B healthcare payments market
The software provider offered its outlook as it seeks to take the company public and expand its business.
By Lynne Marek • June 6, 2024 -
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Amex dismisses impact of eBay’s rejection
EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.
By Patrick Cooley • June 6, 2024 -
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Pot payments players crave federal reforms
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
By Patrick Cooley • June 5, 2024 -
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Top JPMorgan payments executive exits
Takis Georgakopoulos, a 17-year veteran at the bank, will be replaced by two colleagues being promoted to co-head roles.
By Lynne Marek • June 4, 2024 -
Retrieved from Flickr/RikkisRefuge.
Q&AConsumers, businesses diverge in payment trends
Consumer payments are becoming more embedded, and commercial payments are slowly moving away from checks, says a top payments executive at Accenture.
By Lynne Marek • June 3, 2024 -
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Zelle faces Senate probe on fraud
“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.
By James Pothen • May 31, 2024 -
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Are digital wallets safer than debit cards?
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
By Patrick Cooley • May 31, 2024
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