Banking: Page 44
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Fed majority votes to finalize debit rule
In a 6-1 vote, the Federal Reserve finalized a debit card processing rule that underscores a requirement that multiple card networks be available for routing transactions, including online.
By Lynne Marek • Oct. 4, 2022 -
Column
Fed’s Bowman offers counterpoint on digital assets
In recent public comments, Federal Reserve Gov. Michelle Bowman diverged from the views of her colleague Michael Barr on certain topics, including crypto policies.
By Dan Ennis • Oct. 4, 2022 -
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 -
Durbin maps path for card bill
Sen. Dick Durbin and his Republican ally, Sen. Roger Marshall, seek to attach their credit card competition legislation to a defense spending bill.
By Lynne Marek • Oct. 3, 2022 -
Fintechs gain ground in merchant acquiring
New businesses are far more likely to opt for integrated software vendors over legacy providers, McKinsey discovered.
By Caitlin Mullen • Oct. 3, 2022 -
Sponsored by Banked
A real-time look into open banking
Open banking has revolutionized financial transactions. Here’s a real-time look into the industry.
Oct. 3, 2022 -
Visa, Uber issue $1M in grants to small business owners
The Local Initiatives Support Corporation has selected 100 active Uber Eats partners, who are primarily business owners of color, to receive $10,000 grants.
By Julie Littman • Sept. 30, 2022 -
Consumers tap BNPL for larger purchases
Marqeta's report, which showed U.S. buy now-pay later use has climbed since last year, also points to consumers acquiring more credit cards.
By Tatiana Walk-Morris • Sept. 29, 2022 -
Banks take stock of payment fraud threats
Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.
By Suman Bhattacharyya • Sept. 28, 2022 -
DoorDash teams with Chase, Mastercard on credit card
Co-branded cards have been proven to increase customer frequency, which could also deepen loyalty.
By Julie Littman • Sept. 27, 2022 -
Opinion
Busting the myths on FedNow
Jessica Cheney, a vice president at Bottomline Technologies, aims to dispel myths about the meaning and impact of the coming Federal Reserve instant payment system.
By Jessica Cheney • Sept. 27, 2022 -
PNC buys restaurant point-of-sale firm Linga
The Pittsburgh-based bank is boosting its payments footprint as banks from Banc of California to JPMorgan Chase are making similar large investments.
By Anna Hrushka • Sept. 27, 2022 -
Banc of California acquires Deepstack in payment processing play
The acquisition will give Banc of California access to clients’ payment insight, which the bank hopes to use for credit purposes, said Jared Wolff, the bank’s president and CEO.
By Anna Hrushka • Sept. 26, 2022 -
Bank CEOs defend Zelle in Senate hearing
Sen. Elizabeth Warren called the peer-to-peer payments network “unsafe,” claiming Zelle users were defrauded out of $500 million last year.
By Anna Hrushka • Sept. 23, 2022 -
Republicans grill bank CEOs on merchant gun code
GOP lawmakers, during a wide-ranging hearing Wednesday, demanded the CEOs of the nation’s top banks share how they plan to respond to a new category code for gun and ammunition retailers.
By Anna Hrushka • Sept. 22, 2022 -
Visa eyes B2B, remittances for growth
Visa is eyeing certain portions of the B2B market for near-term growth, the company’s chief financial officer said during a conference last week. It’s also building out its network for remittances.
By Lynne Marek • Sept. 21, 2022 -
Profits slip for small businesses: survey
Three in 4 small business leaders are feeling squeezed by inflationary pressures, American Express discovered, and more than half expect don’t expect inflation to subside until summer 2023.
By Tatiana Walk-Morris • Sept. 21, 2022 -
House lawmakers add credit card competition bill
Members of Congress on Monday introduced the House companion to a Senate bill seeking to rein in the Visa-Mastercard credit network “duopoly.”
By Caitlin Mullen • Sept. 20, 2022 -
Modern Treasury, Goldman Sachs team up
The two companies want to target mid-size firms that find it too complex to build their own embedded payments service.
By Tatiana Walk-Morris • Sept. 19, 2022 -
MoneyGram CEO bullish on stablecoins
The money transfer company’s brick-and-mortar business is being displaced by digital payments, mobile wallets and use of stablecoins as bridge assets.
By Suman Bhattacharyya • Sept. 19, 2022 -
Biden advances digital asset regulation
The Biden administration wants the Securities and Exchange Commission and the Commodity Futures Trading Commission to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”
By Anna Hrushka • Sept. 16, 2022 -
CFPB mulls rules for BNPL
The Consumer Financial Protection Bureau is weighing new rules and guidance for the fast-growing buy now-pay later industry after wrapping up a comprehensive report on it.
By Lynne Marek • Sept. 15, 2022 -
Amex, Discover see lasting credit changes
The chief financial officers at American Express and Discover each said this week that pre-pandemic credit metrics for delinquencies and charge-offs won’t soon return.
By Caitlin Mullen • Sept. 15, 2022 -
Visa raises concerns on new gun code
Visa cautioned the public about perceiving a new merchant code for gun-sellers as a means to interfere with any lawful sales. And the NRA said it’s seeking to water down implementation of the new code.
By Lynne Marek • Sept. 14, 2022 -
Fiserv CEO downplays margin pressure
CEO Frank Bisignano said expenses related to “synergy work” have tapered off, with benefits becoming visible in the second half of the year.
By Caitlin Mullen • Sept. 14, 2022 -
Holiday spending to rise 7.1%: Mastercard
The big credit card company forecast an increase in spending by consumers for the yearend U.S. holiday shopping season.
By Tatiana Walk-Morris • Sept. 13, 2022