Banking: Page 20


  • The Bank of America logo is displayed on the side of a Bank of America branch office January 20, 2010 in San Francisco, California.
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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 Dec. 4, 2023
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    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
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    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
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    Zhanna Hapanovich via Getty Images
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    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 Dec. 1, 2023
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    Sascha Steinbach via Getty Images
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    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 Dec. 1, 2023
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    metamorworks via Getty Images
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    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 Nov. 30, 2023
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    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
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    Justin Sullivan via Getty Images
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    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 Nov. 29, 2023
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    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
  • People walk in front of a JPMorgan Chase & Co. sign at its headquarters in New York City.
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    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 Nov. 28, 2023
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    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 Nov. 27, 2023
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    Creative via Getty Images
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    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
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    Permission granted by Plaid
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    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 Nov. 22, 2023
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    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 Nov. 22, 2023
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    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
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    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 Nov. 21, 2023
  • Two hands holding credit cards.
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    Joe Raedle via Getty Images
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    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
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    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
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    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 Nov. 20, 2023
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    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
  • Federal Reserve Board Vice Chair for Supervision Michael S. Barr with hand to ear as if trying to listen.
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    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
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    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
  • Man leans over laptop with head in hand looking at credit card.
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    Butsaya via Getty Images
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    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 Nov. 17, 2023
  • Wex CEO and chair Melissa Smith
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    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 Nov. 16, 2023
  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    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
  • Businesswoman shaking hands with client and smiling cheerfully in a meeting room.
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    ADP, Convera partner on payroll, payments

    The two companies have collaborated to integrate Convera’s payments services into ADP’s payroll software.

    By Nov. 15, 2023