Discover adds $799M to bolster reserves
Payments Dive
APRIL 18, 2024
The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.
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Payments Dive
APRIL 18, 2024
The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.
Payments Dive
APRIL 18, 2024
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
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Payments Dive
APRIL 18, 2024
The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers.
Payments Dive
APRIL 17, 2024
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
Payments Dive
APRIL 17, 2024
Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.
Payments Dive
APRIL 12, 2024
BNPL users, who are having problems with overspending and missed payments, are tapping buy now, pay later services to spread out their cash flow.
Payments Dive
APRIL 12, 2024
“Digital wallets, once primarily associated with consumer transactions, have now firmly established their presence in the B2B realm,” writes a Mastercard manager.
Payments Dive
APRIL 12, 2024
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
Payments Dive
MARCH 18, 2024
The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.
Payments Dive
MARCH 18, 2024
The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal.
Payments Dive
MARCH 18, 2024
The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.
Payments Dive
MARCH 18, 2024
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
Payments Dive
FEBRUARY 23, 2024
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
Payments Dive
FEBRUARY 23, 2024
Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.
Payments Dive
FEBRUARY 23, 2024
Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.
Payments Dive
FEBRUARY 23, 2024
“To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.
Payments Dive
FEBRUARY 23, 2024
The fee would apply if Discover chooses another buyer or if either board has a change of heart, but not if regulators block the deal.
Payments Dive
FEBRUARY 12, 2024
The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.
Payments Dive
JANUARY 23, 2024
“This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.
Payments Dive
JANUARY 23, 2024
Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.
Payments Dive
JANUARY 23, 2024
Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.
Payments Dive
JANUARY 16, 2024
The card issuer is selling the business, which offers online fraud monitoring services to merchants, to the joint venture investment firm Accel-KKR.
Payments Dive
JANUARY 5, 2024
The Bank Policy Institute and The Clearing House want the Consumer Financial Protection Bureau to take a tougher stance on screen scraping, and allow banks to charge fees to cover the cost of enabling data sharing.
Payments Dive
JANUARY 5, 2024
Lawmakers in the state are considering legislation that would require merchants to accept cash payments.
Payments Dive
JANUARY 5, 2024
The earned wage access company said the Connecticut Department of Banking determined it doesn’t need a state lending license.
Payments Dive
JANUARY 4, 2024
The federal agency plans to weigh in on EWA services, it said in commenting on a California proposal to register and oversee the providers of such services.
Payments Dive
JANUARY 4, 2024
Fintech trade groups asked the Consumer Financial Protection Bureau to extend the comment period on a proposal formalizing its oversight of big tech companies’ digital wallets.
Payments Dive
DECEMBER 18, 2023
In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.
Payments Dive
DECEMBER 12, 2023
The activist investor has cut its ownership by about two-thirds, a sign that it might be satisfied with the payment company’s progress, Monness, Crespi, Hardt & Co. analyst Gus Galá says.
Payments Dive
DECEMBER 12, 2023
Since his arrival in February, The Clearing House CEO David Watson has been remaking the company’s executive suite, with another appointment this week.
Payments Dive
DECEMBER 11, 2023
Manual travel reimbursements cost companies time and money yet remain common in corporate policies.
Payments Dive
NOVEMBER 30, 2023
The card issuer said Wednesday it’s seeking to offload its $10.4 billion student loan portfolio.
Payments Dive
NOVEMBER 30, 2023
South Dakota and Kansas are the first states to grant X money transmitter licenses since September, inching the social media platform closer to adding a payments feature.
Payments Dive
NOVEMBER 30, 2023
The cross-border payments company aims to undercut U.S. banks with lower fees and faster transfers.
Payments Dive
NOVEMBER 30, 2023
The AI-powered biometric identification technology, already used as a payment tool at some merchants, intends to improve the accuracy and ease of use of physical and digital access controls, Amazon Web Services said.
Payments Dive
OCTOBER 30, 2023
As more merchants accept digital payments for in-store purchases, consumers are moving away from using multiple, single-use payment apps, McKinsey Senior Partner Marie-Claude Nadeau said.
Payments Dive
OCTOBER 30, 2023
The buy now, pay later company expects to begin being supervised by the federal watchdog in the “immediate future.
Payments Dive
OCTOBER 27, 2023
The payments acceptance company is racking up partnerships to expand services under Worldline ownership.
Payments Dive
OCTOBER 27, 2023
The digital payments pioneer is shedding the returns software business under a new CEO just two years after acquiring it.
Payments Dive
OCTOBER 27, 2023
The purchase continues a spate of payments industry acquisitions this month, and will let the fleet management services company cross-sell more software.
Payments Dive
OCTOBER 27, 2023
As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.
Payments Dive
OCTOBER 9, 2023
Smart retailers are focusing on their existing customer base and improving the shopping experience to boost their end-of-year sales.
Payments Dive
SEPTEMBER 17, 2023
Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.
Payments Dive
AUGUST 8, 2023
Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.
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