Risk: Page 2
-
mikkelwilliam via Getty Images
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 -
Kent Nishimura / Stringer via Getty Images
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 -
Justin Sullivan via Getty Images
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 -
Creative via Getty Images
Q&AWorldpay 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 -
Courtesy of Apple
Apple, Google coalition seeks to skirt payments rule
Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.
By Patrick Cooley • Jan. 29, 2025 -
bymuratdeniz via Getty Images
AI promises 2025 advances for payments industry
The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offer a defense against rising fraud.
By Patrick Cooley • Jan. 21, 2025 -
Joe Raedle via Getty Images
Amex pays $230M to resolve DOJ allegations
The credit card giant misrepresented features of some credit cards targeting small businesses and entered false information on card applications, the Justice Department alleged.
By Patrick Cooley • Jan. 16, 2025 -
Courtesy of Shift4. Shift4 CEO Jared Isaacman
Shift4 makes $4.7M in undisclosed payments to executives’ relatives
The payments were made over a three-year period beginning in 2020, and were not listed in some filings with the Securities and Exchange Commission. As a result, the company agreed to pay a fine under a settlement last week.
By Patrick Cooley • Jan. 16, 2025 -
Justin Sullivan via Getty Images
Card fraud losses will increase over next decade
Fraud losses in card payments will continue to rise worldwide, the research firm Nilson Report said this month, predicting $404 billion in global losses over the next ten years.
By Lynne Marek • Jan. 15, 2025 -
Courtesy of Adyen
Q&AHow AI makes payments faster, cheaper
Artificial intelligence can simplify payment transactions for merchants, Davi Strazza, president of North America for Adyen, said in an interview.
By Patrick Cooley • Jan. 15, 2025 -
Sam Silverstein/Payments Dive
Buy now, pay later users pile on debt, CFPB finds
Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.
By Patrick Cooley • Jan. 14, 2025 -
mikkelwilliam via Getty Images
Payments laws apply to online games, CFPB says
Video game companies that operate online gaming platforms must comply with the Electronic Fund Transfer Act, the agency said.
By Patrick Cooley • Jan. 13, 2025 -
Getty Images via Getty Images
CFPB picks FDX to set open banking standards
The nonprofit will craft standards for consumer data sharing between financial institutions for the next five years.
By Patrick Cooley • Jan. 10, 2025 -
Poike via Getty Images
FTV Capital raises $4B for more B2B investments
The venture capital firm with a fintech focus said the latest fundraising brings the total raised since its founding to $10.2 billion.
By Patrick Cooley • Jan. 9, 2025 -
Creative via Getty Images
Sezzle challenges critical research from short-seller firm
The buy now, pay later firm argues that a recent Hindenburg Research report highlighting a decline in users and merchant partners overlooks important context and details.
By Patrick Cooley • Jan. 8, 2025 -
whyframestudio via Getty Images
How ‘frictionless’ payments may benefit, hurt consumers
Such digital payments can slash transaction times, improve data security and provide valuable insights into consumer purchasing behavior and preferences.
By Michael Brady • Jan. 6, 2025 -
Sam Silverstein/Payments Dive
BNPL payments rise with young, repeat users
Buy now, pay later users in the U.S. tended to be returning customers under 35 years-old, according to a new analysis from LexisNexis Risk Solutions.
By Patrick Cooley • Dec. 20, 2024 -
Permission granted by Amazon.
Visa spots tripling of fraud over holiday weekend
The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.
By Tatiana Walk-Morris • Dec. 19, 2024 -
scyther5 via Getty Images
CFPB takes aim at gambling card fees
The federal agency says credit card issuers are charging cash advances fees of at least $10 on gambling transactions, even if those transactions are small.
By Patrick Cooley • Dec. 19, 2024 -
Getty Images/Staff via Getty Images
BVNK raises $50M to fuel US expansion
The stablecoin startup’s plans, including a new office in San Francisco, coincide with the incoming crypto-friendly Trump administration.
By Tatiana Walk-Morris • Dec. 18, 2024 -
Joe Raedle / Staff via Getty Images
Merchants maneuver as Visa enforces surcharge program
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
By Shefali Kapadia • Dec. 17, 2024 -
Chris McGrath/Getty Images Europe via Getty Images
What role do stablecoins play in the payments industry?
With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.
By Patrick Cooley • Dec. 17, 2024 -
Lynne Marek/Payments Dive
Q&ANacha CEO talks 2025 trends
Jane Larimer, who leads the association, predicts pay-by-bank and instant payments will remain hot topics next year, with artificial intelligence staying center stage as well.
By Lynne Marek • Dec. 16, 2024 -
Permission granted by American Express
Amex keeps focus on younger customers
The credit card company is sticking with a strategy to concentrate marketing on the millennial and Gen Z generations shaping shopping trends.
By Patrick Cooley • Dec. 16, 2024 -
Dan Kitwood via Getty Images
OpinionBanks scramble to meet new ISO standard
“Companies that delay action risk losing out on both improved payment experiences and potential business with companies whose systems no longer sync up,” writes one industry senior vice president.
By Robert Turner • Dec. 12, 2024
Previous
