Banking: Page 20
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Banked builds a US presence
The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.
By Lynne Marek • Dec. 4, 2023 -
Sponsored by U.S. Bank
4 questions to ask when considering a new corporate card program
From increased expense visibility and control to added efficiencies and rebates, a commercial card is more than a card—it’s a strategic component of your financial strategy.
Dec. 4, 2023 -
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 -
FIS eyes small acquisitions
Fidelity National Information Services is on the hunt for smaller acquisitions in one of its divisions, and it’s benefitting from other companies’ deals in another.
By Lynne Marek • Dec. 1, 2023 -
Who wants Apple’s credit card? Analysts weigh in.
Synchrony, American Express and Capital One have all been floated by analysts as potential successors to Goldman Sachs for Apple’s credit card.
By James Pothen • Dec. 1, 2023 -
Wise targets US banks for int’l gains
The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.
By Lynne Marek • Nov. 30, 2023 -
Discover pursues sale of student loan business
The card issuer said it’s seeking to offload its $10.4 billion student loan portfolio.
By Caitlin Mullen • Nov. 30, 2023 -
PayPal tackles chargeback fraud
PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.
By Lynne Marek • Nov. 29, 2023 -
Apple seeks to end Goldman Sachs credit-card partnership: reports
The proposed winddown would entail the entire consumer partnership, including the savings account that was rolled out this year, sources told The Wall Street Journal.
By Anna Hrushka • Nov. 29, 2023 -
Chase credit card snafu trips up Black Friday shoppers
The biggest bank in the U.S. erroneously declined some credit card users’ purchases on Black Friday, the busiest shopping day of the year.
By Lynne Marek • Nov. 28, 2023 -
Credit card bill battle may slide into 2024
Prospects for passing the Credit Card Competition Act this year are dimming, but supporters and opponents remain locked in battle over the legislation.
By Lynne Marek • Nov. 27, 2023 -
NCR Voyix sells payments assets for $82M
The divestiture mainly consisted of merchant contracts, Voyix’s front-end authorization platform “and certain relevant intellectual property,” the company said in its quarterly filing.
By Caitlin Mullen • Nov. 27, 2023 -
Plaid poaches Adyen executive for European expansion
Brian Dammeir sees opportunities for Plaid’s payments business to grow in Europe, particularly in account-to-account payments, he said in a Wednesday interview.
By James Pothen • Nov. 22, 2023 -
Visa proposes new plan for covering litigation liability
The card network’s board approved pursuing a shareholder vote on a new approach to covering potentially more than $35 billion in outstanding merchant claims against the company.
By Lynne Marek • Nov. 22, 2023 -
Bill beats back Melio speculation
Payments software company Bill isn’t in the market for “transformational” M&A and is more likely to pursue “tuck-in technology” type purchases, President John Rettig said on Friday.
By Caitlin Mullen • Nov. 22, 2023 -
Will China be a boon or bust for card networks?
U.S. card companies have gained a foothold in China’s market, but they must still win over banks and battle behemoth China UnionPay.
By Lynne Marek • Nov. 21, 2023 -
Credit card demand remains robust, rejections rise: New York Fed
As consumers have leaned on credit cards more in recent months, applications for credit card limit extensions also rose, the New York Fed said Monday.
By Caitlin Mullen • Nov. 21, 2023 -
Wise CFO credits customer growth for profit jump
The fintech’s nearly fourfold jump in profits comes as its chief financial officer is preparing to depart after an eight-year tenure.
By Grace Noto • Nov. 20, 2023 -
Mastercard joint venture approved for China card processing
The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.
By Lynne Marek • Nov. 20, 2023 -
Q&A
BNPL regulation could contribute to consolidation: Moody’s analysts
Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.
By Caitlin Mullen • Nov. 20, 2023 -
5 takeaways from Michael Barr’s remarks at The Clearing House conference
The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.
By Suman Bhattacharyya • Nov. 20, 2023 -
Small business card debt has risen: Bank of America
Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.
By Tatiana Walk-Morris • Nov. 17, 2023 -
Visa warns consumers about holiday fraud
Better spelling on fake merchant sites and more advanced card skimmers are among the latest schemes that will be deployed by fraudsters during the year-end holiday shopping season.
By Lynne Marek • Nov. 17, 2023 -
Profile
Wex CEO taps endurance to lead
Melissa Smith has led the payments software and services company for nearly a decade, navigating once-in-a-lifetime events and spearheading an aggressive acquisition strategy.
By Lynne Marek • Nov. 16, 2023 -
Affirm adds account to bolster card
The buy now, pay later provider’s account will offer savings-level interest, ATM access and direct deposit, Affirm executives said.
By Caitlin Mullen • Nov. 15, 2023 -
ADP, Convera partner on payroll, payments
The two companies have collaborated to integrate Convera’s payments services into ADP’s payroll software.
By James Pothen • Nov. 15, 2023