Banking: Page 4
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Affirm to emphasize no-interest loans
The company said that offering more interest-free financing options would drive profits by bringing in more customers.
By Patrick Cooley • Feb. 10, 2025 -
Treasury responds to concerns about Musk ‘meddling’
A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.
By Lynne Marek • Feb. 6, 2025 -
Explore the Trendline➔
toeytoey2530 via Getty ImagesTrendlineE-commerce drives digital payment advances
As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.
By Payments Dive staff -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv doubles down on embedded finance
Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.
By Patrick Cooley • Feb. 6, 2025 -
NCR Voyix shifts chairman to CEO post
The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.
By Tatiana Walk-Morris • Feb. 6, 2025 -
Sanders, Hawley introduce credit card interest rate cap bill
In an unlikely union, Republican Sen. Josh Hawley and independent Sen. Bernie Sanders have locked arms to introduce legislation that would cap credit card interest rates at 10% over five years.
By Lynne Marek • Feb. 5, 2025 -
Cash App, Venmo app downloads decline
Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.
By Patrick Cooley • Feb. 5, 2025 -
Democrats decry Trump payments policy upheaval
Congressional Democrats criticized Trump administration moves at the Treasury Department and Consumer Financial Protection Bureau that suggest changes to federal government payments and policies.
By Lynne Marek • Feb. 4, 2025 -
Gamers support CFPB video game payments rule
Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.
By Patrick Cooley • Feb. 4, 2025 -
Visa leans into A2A payments
The network titan is pursuing account-to-account payment services as a way to expand beyond its card-based dominance in the market.
By Lynne Marek • Feb. 3, 2025 -
Flutterwave CFO keeps eye on ‘sustainable’ profitability
It’s important to prioritize enabling stable revenue and solid profitability given the macroeconomic volatility in the African markets where Flutterwave operates, CFO Mitesh Popat said.
By Grace Noto • Feb. 3, 2025 -
Mastercard places ad with Lady Gaga
In a tie-up with the musical artist for her eighth studio album, the card network rolled out a new ad during the Grammy Awards on Sunday.
By Peter Adams • Feb. 3, 2025 -
Chopra finally exits CFPB as Bessent steps in
The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.
By Dan Ennis • Feb. 3, 2025 -
Third of U.S. small businesses add credit card surcharges
The findings of a J.D. Power survey indicate that merchants are passing the cost of swipe fees onto customers, even though they’re lowering consumer satisfaction with the transaction.
By Patrick Cooley • Feb. 3, 2025 -
PayPal, Amex and Wells Fargo shake up leadership
PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.
By Patrick Cooley • Jan. 31, 2025 -
What’s coming for the payments industry in 2025
Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.
By Payments Dive staff • Jan. 31, 2025 -
Q&A
Worldpay tackles fraud-fighting in new ways
The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.
By Lynne Marek • Jan. 30, 2025 -
Visa’s ex-CFO joins crypto company advisory board
The appointment adds a former top executive of a major card network to Fireblocks’ board as cryptocurrency firms seek more credibility.
By Grace Noto • Jan. 30, 2025 -
TransferMate joins Amazon’s payments pack
As part of the e-commerce giant’s ecosystem, the Irish business-to-business payments provider can advance its bid to expand internationally.
By Tatiana Walk-Morris • Jan. 30, 2025 -
HSBC sunsets year-old app Zing
The bank launched the money transfer app last year in a bid to compete with cross-border payments companies like Wise and Remitly, but is shuttering the operation now.
By Rajashree Chakravarty • Jan. 29, 2025 -
Amex GBT rolls out emissions-based carbon pricing tool
American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.
By Zoya Mirza • Jan. 29, 2025 -
Deep Dive
Fintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.
By Lynne Marek • Jan. 28, 2025 -
X teams with Visa on new digital payments tool
Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.
By Lynne Marek • Jan. 28, 2025 -
Highnote raises $90M for expansion
The embedded payments company led by former Braintree executives will use the capital to extend its business into providing acquiring services.
By Tatiana Walk-Morris • Jan. 27, 2025 -
Amex posts 2024 records for payments volume, fees
The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.
By Patrick Cooley • Jan. 24, 2025 -
Discover Q4 payments volume drops
The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.
By Patrick Cooley • Jan. 24, 2025