Banking: Page 67
-
Dan Kitwood via Getty Images
Crypto exchange Kraken launches mobile app in US
Customers can buy and sell more than 50 crypto tokens from their mobile phones with a starting investment of as little as $10. The services are not available for residents of New York or Washington state.
By Dan Ennis • June 3, 2021 -
Sean Gallup via Getty Images
E-commerce fraud prevention startup Forter raises $300M
The recent funding round, which the company will use to expand its global ecosystem, brings the company's valuation to $3 billion.
By Tatiana Walk-Morris • May 27, 2021 -
Explore the Trendline➔
tommy via Getty Images
TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Arturo Holmes via Getty Images
Visa expands reach of fintech partnership program
The card network behemoth is doing its part to help banks connect with fintechs that it believes can help bring more business to all the companies moving money through the system.
By Lynne Marek • May 26, 2021 -
Courtesy of Wells Fargo multimedia resources
Wells Fargo to offer crypto investment product for wealthy clients
The bank's decision to wade into crypto follows similar moves made by other large institutions, and comes as the nation's top bank regulator has indicated it plans to review past crypto-friendly actions.
By Anna Hrushka • May 21, 2021 -
Chip Somodevilla via Getty Images
Federal Reserve to kick off conversation on CBDC
Federal Reserve Chairman Jerome Powell said yesterday that the Fed will issue a paper this summer to begin a public discussion about the possibility of a central bank digital currency.
By Lynne Marek • May 21, 2021 -
Anna Hrushka/Payments Dive
Major payments trade group weighs in on CBDC development
The Electronic Transactions Association is touting principles on interoperability, consumer protections and risk safeguards in Washington discussions about a central bank digital currency.
By Lynne Marek • May 20, 2021 -
Alex Wong via Getty Images
Payments firms draw another $275 million in venture capital
DailyPay and Amount are the latest companies in the industry to attract investors' dollars.
By Lynne Marek • May 19, 2021 -
Courtesy of The Clearing House Payments Company LLC
The Clearing House nudges businesses to buy into real-time system
The U.S. real-time payments system has invested $320 million in a real-time payments network, and now wants businesses to invest in their own systems to use it.
By Lynne Marek • May 14, 2021 -
Permission granted by Diem Association
Facebook-backed Diem shifts from Swiss to US jurisdiction
Diem Networks U.S. will register as a money services business with the Financial Crimes Enforcement Network, and Silvergate Bank will become the exclusive issuer of Diem's dollar-backed stablecoin.
By Anna Hrushka • May 13, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationFed proposes review of debit transaction routing, but leaves fee alone
The Fed will review whether a rule requiring options in routing debit transactions is being followed, but angered merchants when it kept the cost basis for a national debit fee cap unchanged.
By Lynne Marek • May 13, 2021 -
Courtesy of Hannah Stern
Rho Technologies taps Mastercard for new corporate credit card
Rho Technologies is partnering with Mastercard to offer a corporate credit card after teaming with Visa on prior cards.
By Vaidik Trivedi • May 13, 2021 -
Permission granted by Remitly
Visa invests in Remitly, extends partnership
Credit card behemoth Visa bought an ownership stake in Remitly, a phone app company seeking to build a payments network for immigrants sending money to other countries.
By Lynne Marek • May 12, 2021 -
Justin Sullivan via Getty Images
Citi considers crypto services, but isn't rushing in
"This isn't a space race," Citi's head of global foreign exchange, Itay Tuchman, told the Financial Times. "There is room for more than just one flag."
By Dan Ennis • May 11, 2021 -
Dan Kitwood via Getty Images
FIS links with NYDIG to offer Bitcoin services
The second-largest U.S. merchant payments processor is turning to the fintech firm to help provide banks with account services for Bitcoin.
By Lynne Marek • May 6, 2021 -
Permission granted by SoFi
SoFi credit card to offer Bitcoin and Ethereum rewards
SoFi is the latest fintech to offer crypto-based credit cards after seeing an appetite for them in the market.
By Vaidik Trivedi • May 3, 2021 -
Fox Photos via Getty Images
As US consumers ditched credit cards, delinquency rates dropped
Consumers turned to debit cards and made payments on credit cards during the pandemic in a shift that meant fewer losses for banks, an S&P Global Market Intelligence report found.
By Lynne Marek • May 3, 2021 -
Permission granted by Varo Bank
Retail organizations sue Fed over debit law enforcement
Two North Dakota retail associations allege in a new federal lawsuit the Fed hasn't properly fulfilled its duty to determine "reasonable" debit card processing fees under a 2010 law.
By Lynne Marek • April 29, 2021 -
Courtesy of Visa
Visa taps cryptocurrency to ratchet up revenue
Visa executives this week detailed a litany of ways they're looking for cryptocurrencies to build the card network company's business, a striking shift from a year ago.
By Lynne Marek • April 29, 2021 -
Oli Scarff via Getty Images
Barclays US to offer merchants BNPL payments option
The bank had considered creating its own in-house BNPL system, but shifted gears and opted to work with tech firm Amount, said Barclays US CEO Denny Nealon.
By Anna Hrushka • April 27, 2021 -
Sean Gallup / Staff via Getty Images
IBM, Mastercard aid Saudi Arabia move toward cashless system
The U.S. companies' work for Saudi Arabia advanced the country's campaign to reduce cash transactions, even as some other countries refrain from efforts to do away with cash.
By Lynne Marek • April 22, 2021 -
Jack Taylor / Stringer via Getty Images
Crypto exchange Binance lands ex-OCC chief for US CEO post
Former Acting Comptroller Brian Brooks will become chief executive of Binance's U.S. operation on May 1.
By Dan Ennis • April 21, 2021 -
Courtesy of Coinbase
Coinbase stock gets $250 reference price, and slow trading start
Nasdaq gave the Crypto exchange's new stock a reference price ahead of the start of trading today which creates a valuation of about $65 billion before any shares traded hands.
By Lynne Marek • Updated April 14, 2021 -
PNC's 'low cash mode' gives users 24-hour overdraft buffer
The feature lets customers choose which payments will be processed if an overdraft is imminent. Tests of the product have helped users reduce insufficient-funds fees by more than 60%, the bank said.
By Anna Hrushka • April 14, 2021 -
Electronic payments surged for banks in 2020
The value and volume of digital payments accelerated last year, according to Nacha's annual report, as the pandemic shifted more business and consumer activity online.
By Lynne Marek • April 13, 2021 -
Courtesy of https://corporate.walmart.com/photos/walmart-store-exterior-at-night
Walmart's fintech startup may take aim at payments
The litany of services "Hazel by Walmart" may offer includes multiple payment services, including credit card and debit cards, as well as prepaid card payment processing and electronic funds transfer.
By Dan Ennis • April 9, 2021
Previous
