From paymentsdive.com
Richmond Fed seeks more CapOne-Discover input
2 2
The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.
21h ago
From paymentsdive.com
Mastercard aims to cancel manual card entry by 2030
1 1
The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.
21h ago
From paymentsdive.com
Amazon now accepts EBT card payments
0 1
The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.
on Fri, 8PM
From paymentsdive.com
PayPal CEO pushes beyond payments
0 1
After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.
on Wed, 9PM
From paymentsdive.com
The real question behind embedded vs. integrated payments: Creating seamless transactions
0 1
Interested in learning more about embedded payments and how you can leverage them for your business?
on Mon, 10PM
From paymentsdive.com
Durbin gives credit card bill another Senate push
0 0
Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.
on Nov 15
From paymentsdive.com
Young people fall prey to payments fraudsters
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Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.
on Nov 13
From paymentsdive.com
Visa CEO stands fast against DOJ
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Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.
on Oct 31
From paymentsdive.com
AI increases fraud risk, fintechs say
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Financial firms monitor for fraud by looking for unusual activity, but an artificial intelligence model can be trained to transact like a real person.
on Oct 31
From paymentsdive.com
Chopra defends CFPB open banking rule in face of lawsuit
0 0
Consumer Financial Protection Bureau Director Rohit Chopra called out bank litigants that sued over the rule, saying he didn’t think they’d even read it.
on Oct 29
From paymentsdive.com
How open banking will shape the future of payments
0 0
The Consumer Financial Protection Bureau released its final open banking rule this month, leading the payments and financial services industries to begin preparing for a new era in data-sharing.
on Oct 29
From paymentsdive.com
Fed dissects consumer use of digital payments
0 0
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
on Oct 6
From paymentsdive.com
Visa expected to temper competitive moves after DOJ action
0 0
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
on Oct 6
From paymentsdive.com
OCC seeks to halt Illinois card interchange fee law
0 0
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.
on Oct 6
From paymentsdive.com
Fiserv nets special banking charter in Georgia
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The payments processor is only the second company to win the special bank charter since Georgia made it available.
on Oct 5
From paymentsdive.com
How Visa stymied big tech rivals
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The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.
on Sep 29
From paymentsdive.com
North American cashless payments to climb 7% by 2028: report
0 0
Real-time payments and open banking will drive the increase, forcing the shift even faster globally, a Capgemini report released this week said.
on Sep 15
From paymentsdive.com
Amex taps troves of customer data
0 0
American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.
on Sep 12
From paymentsdive.com
Fed official questions faster cross-border payments ties
0 1
Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.
on Aug 31
From paymentsdive.com
Earned wage access: Following states that have passed laws, or have legislation pending
0 1
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
on Aug 31
From paymentsdive.com
CFPB chides retailers on fees for cash back
0 1
The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.
on Aug 30
From paymentsdive.com
Consumers tap credit cards, loans to manage inflation: Fed report
0 1
Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.
on Aug 30
From paymentsdive.com
Shoppers’ online fraud fears escalate
0 0
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.
on Aug 30
From paymentsdive.com
EWA providers crusade against CFPB rule proposal
0 0
Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.
on Aug 25
From paymentsdive.com
Fed’s Waller eggs on payments research
0 0
Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.
on Aug 25
From paymentsdive.com
Stripe, Zip partner on BNPL processing
0 0
The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.
on Aug 24
From paymentsdive.com
U.S. Bank buys healthcare payments firm
0 0
The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.
on Aug 23
From paymentsdive.com
Employers react to CFPB’s new stance on EWA
0 1
Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.
on Aug 15
From paymentsdive.com
Payments industry to use AI to detect fraud, improve efficiency
0 0
Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.
on Aug 14
From paymentsdive.com
How does Gen Z feel about credit cards? It's complicated.
0 1
Each generation has approached credit differently; Gen Z is no exception. As they turn toward credit cards, industry analysts say these consumers are likely to keep card companies on their toes.
on Aug 13
From paymentsdive.com
Credit card delinquencies rise even as credit limits are extended
0 1
The two developments stem from greater use of credit cards, and could have implications for some businesses, says a Bain & Company analyst.
on Aug 13
From paymentsdive.com
US credit card balances climb to $1.14 trillion
0 1
Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.
on Aug 13
From paymentsdive.com
0 1
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
on Aug 13
From paymentsdive.com
FedNow ‘could lower fees’ in future, analyst reports
0 0
The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.
on Aug 8
From paymentsdive.com
JPMorgan fires up biometric payments processing
0 0
The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.
on Aug 8
From paymentsdive.com
Outdated tech could slow instant payment adoption: survey
0 0
Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.
on Aug 3
From paymentsdive.com
Opponents of Capital One-Discover merger to air grievances
0 0
Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.
on Jul 19
From paymentsdive.com
Bank of America zeroes in on banking app innovation
0 0
The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.
on Jul 2
From paymentsdive.com
Apple adds BNPL offerings from rivals
0 0
The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.
on Jun 25
From paymentsdive.com
Landmark Visa, Mastercard settlement in peril
0 0
The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.
on Jun 25
From paymentsdive.com
Are digital wallets safer than debit cards?
0 0
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
on Jun 1
From paymentsdive.com
Businesses boost use of digital wallets: Fed
0 0
Business use of digital wallets rose last year more than their use of many other forms of payment, according to a survey commissioned by the Federal Reserve’s financial services unit.
on May 31
From paymentsdive.com
US, Europe lock arms on payments regulation
0 0
U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.
on Apr 16
From paymentsdive.com
Banking apps fall short on fraud protections: report
0 0
Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.
on Mar 24
From paymentsdive.com
Capital One tackles Discover compliance issues
0 0
Capital One is betting the resolution of Discover’s compliance issues will take longer and cost more than expected, Capital One CEO Richard Fairbank said.
on Mar 18
From paymentsdive.com
Mastercard preps for China business
0 0
The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.
on Mar 2
From paymentsdive.com
Apple extends prepaid debit card reach
0 0
Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.
on Feb 16
From paymentsdive.com
Mastercard ties growth to digital strategy
0 0
The network is advancing technologies to let consumers and businesses more easily use its cards, after doubling the number of merchants that accept them over the past five years.
on Jan 3
From paymentsdive.com
Atlanta Fed delivers payments inclusion report
0 0
PayPal, Block and Global Payments representatives contributed to the Atlanta Federal Reserve Bank’s research on how to draw more people into the digital payments sphere.
on Dec 21