Banking: Page 3

  • PayPal headquarters building in San Jose
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    PayPal drops fundraiser tool on app

    The payments pioneer is discontinuing a program through which app users could post fundraising drives, often for personal needs. Other options for donating will remain.

    By • Oct. 18, 2024
  • dave
    Image attribution tooltip
    Permission granted by Dave
    Image attribution tooltip

    Employees who lean on EWA face increased fees

    Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report.

    By Tatiana Walk-Morris • Oct. 18, 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
  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
    Image attribution tooltip
    Scott Olson / Staff via Getty Images
    Image attribution tooltip

    Discover discloses SEC accounting criticism

    The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.

    By • Oct. 17, 2024
  • A sign hangs near a Walmart store.
    Image attribution tooltip
    Joe Raedle / Staff via Getty Images
    Image attribution tooltip

    Walmart pitches Fiserv’s Clover to business clients

    The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.

    By • Oct. 17, 2024
  • FTC regulation
    Image attribution tooltip
    Gorodenkoff via Getty Images
    Image attribution tooltip

    FTC unveils final ‘click-to-cancel’ rule for consumers

    The agency rule targeting recurring payments comes amid a broader effort by the Biden administration to reduce consumer “junk” fees.

    By Justin Bachman • Oct. 16, 2024
  • Hand with phone showing Visa card image passes a hand holding another phone
    Image attribution tooltip
    Courtesy of Megan Cheung
    Image attribution tooltip

    Visa taps AI analytics partner to add merchant services

    The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

    By • Oct. 16, 2024
  • Hand of person tapping phone with dollar signs floating up
    Image attribution tooltip
    Courtesy of Mastercard
    Image attribution tooltip

    Payments players tap M&A to build tech stacks

    The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

    By Shefali Kapadia • Oct. 16, 2024
  • A Chevrolet Volt extended-range electric vehicle
    Image attribution tooltip
    Bill Pugliano via Getty Images
    Image attribution tooltip

    Barclays replaces Goldman Sachs as GM card issuer

    The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

    By • Oct. 14, 2024
  • Treasury Department Undersecretary Nellie Liang
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    Treasury official calls for new regulatory framework

    The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

    By • Oct. 11, 2024
  • Money moving through cyberspace.
    Image attribution tooltip
    Viorika via Getty Images
    Image attribution tooltip

    MoneyGram attack exposed sensitive customer data

    The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

    By Matt Kapko • Oct. 9, 2024
  • The exterior of the Fiserv Forum.
    Image attribution tooltip
    Daniel Boczarski via Getty Images
    Image attribution tooltip

    Fiserv teams with Canadian company on open banking

    Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

    By • Oct. 7, 2024
  • Key on keyboard that says "Pay Now."
    Image attribution tooltip
    abdoudz via Getty Images
    Image attribution tooltip

    Real-time payments to make uneven progress, report predicts

    The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

    By • Oct. 7, 2024
  • Person uses a phone to pay with credit card
    Image attribution tooltip
    Sitthiphong via Getty Images
    Image attribution tooltip

    Oportun inks deal to sell credit card portfolio

    The deal, expected to close in November, is a push by the online lender to pursue profitability by simplifying its business and focusing on its core products. 

    By Rajashree Chakravarty • Oct. 4, 2024
  • Fiserv headquarters in Brookfield, Wisconsin
    Image attribution tooltip

    Google Maps

    Image attribution tooltip

    Fiserv nets special banking charter in Georgia

    The payments processor is only the second company to win the special bank charter since Georgia made it available.

    By • Oct. 4, 2024
  • OCC
    Image attribution tooltip
    Retrieved from OCC.
    Image attribution tooltip

    OCC seeks to halt Illinois card interchange fee law

    The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

    By • Oct. 3, 2024
  • U.S. Attorney General Merrick Garland stands at a podium with hands lifted, shrugging with a smirk.
    Image attribution tooltip
    Kent Nishimura via Getty Images
    Image attribution tooltip

    Visa expected to temper competitive moves after DOJ action

    The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.

    By • Oct. 3, 2024
  • A group of people wait outside a grocery store glass door that has a sign posted on it.
    Image attribution tooltip

    Jonathan Drake/Reuters

    Image attribution tooltip

    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

    By • Oct. 3, 2024
  • A picture of an Uber Mastercard
    Image attribution tooltip
    Courtesy of Uber
    Image attribution tooltip

    Mastercard to buy Minna Technologies

    The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

    By Tatiana Walk-Morris • Oct. 2, 2024
  • Cash App logo lit in neon
    Image attribution tooltip
    Anna Webber via Getty Images
    Image attribution tooltip

    P2P payments tools lack transparency, consumer group says

    Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

    By • Oct. 2, 2024
  • Visa debit cards antitrust
    Image attribution tooltip
    Roy Rochlin via Getty Images
    Image attribution tooltip

    Visa boosts litigation funding ahead of US antitrust fight

    The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.

    By Justin Bachman • Oct. 1, 2024
  • A scene with people standing at colorful booths at the Nacha Faster Smarter Payments conference in Miami in 2024.
    Image attribution tooltip
    Lynne Marek/Payments Dive
    Image attribution tooltip

    Payments conferences to keep on your radar for 2025

    Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

    By Shefali Kapadia • Oct. 1, 2024
  • Digital payments
    Image attribution tooltip
    Courtesy of Adyen
    Image attribution tooltip

    Fed dissects consumer use of digital payments

    While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.

    By Tatiana Walk-Morris • Sept. 30, 2024
  • Fiserv headquarters in Brookfield, Wisconsin
    Image attribution tooltip

    Google Maps

    Image attribution tooltip

    Fiserv, Wells Fargo to end joint venture

    The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

    By • Sept. 27, 2024
  • Ryan McInerney with arms folded
    Image attribution tooltip
    Permission granted by Andy Gerit
    Image attribution tooltip

    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 • Sept. 26, 2024
  • Bank sign on glass wall of business center
    Image attribution tooltip
    ultramarine5 via Getty Images
    Image attribution tooltip

    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 • Sept. 26, 2024