Fed banks analyze consumer use of card promos
Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
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Payments Dive
MARCH 20, 2024
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
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.
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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
MARCH 11, 2024
The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.
Payments Dive
MARCH 11, 2024
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
Payments Dive
MARCH 11, 2024
The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.
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 20, 2024
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
Payments Dive
FEBRUARY 21, 2024
Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.
Payments Dive
FEBRUARY 21, 2024
While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.
Payments Dive
JANUARY 17, 2024
X has been collecting money transmitter approvals in recent months to launch peer-to-peer payments in the app.
Payments Dive
JANUARY 17, 2024
Overdraft fees would be reclassified as extensions of credit, forcing banks to disclose an APR. They could also be cut to as low as $3.
Payments Dive
JANUARY 17, 2024
The e-commerce giant and investment firm asked for carve-outs for Amazon Pay and non-fungible tokens, respectively.
Payments Dive
JANUARY 17, 2024
A debt repayment app startup and a small business lender are among the U.S. startups selected by the card network and its partner this year.
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
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
NOVEMBER 20, 2023
The fintech’s nearly fourfold jump in profits comes as its chief financial officer is preparing to depart after an eight-year tenure.
Payments Dive
NOVEMBER 20, 2023
The Fed's vice chair for supervision expressed optimism about FedNow’s benefits and said he expects it to co-exist with the privately owned RTP network.
Payments Dive
NOVEMBER 20, 2023
Adapting to regulation could be a costly endeavor for BNPL companies already facing losses and more expensive funding costs, Moody’s analysts said.
Payments Dive
NOVEMBER 20, 2023
The No. 2 U.S. card company now has a means of processing card payments inside China, after years of waiting on Chinese government approvals.
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
AUGUST 28, 2023
The social media company, formerly known as Twitter, advanced its payments strategy by collecting two more state money transmitter licenses.
Payments Dive
AUGUST 28, 2023
A spate of CEO appointments this year reflects an era of change and competition that’s likely to keep driving turmoil and advances in the industry.
Payments Dive
AUGUST 28, 2023
Fast-paced campus life is turning schools into an attractive market for autonomous retailers.
Payments Dive
AUGUST 28, 2023
Digital experiences transformed how consumers make payments—now it’s time for B2C payouts to catch up.
Payments Dive
AUGUST 27, 2023
The Atlanta-based payments player’s new CFO doesn’t believe the M&A deal pendulum has fully swung over to a buyer’s market.
Payments Dive
JULY 24, 2023
The launch of the instant payments system FedNow last week has the potential to change how businesses manage cash flow and corporate processes. Here are six ways that could play out.
Payments Dive
JULY 25, 2023
The card issuer paid the fine for failing to properly monitor a third-party affiliate and in connection with its courting of small business clients, the agency said.
Payments Dive
JULY 24, 2023
Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.
Payments Dive
JULY 20, 2023
The tech giant also launched the app in South Korea in March, and in four Latin American countries in May.
Payments Dive
JULY 24, 2023
Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.
Payments Dive
JULY 20, 2023
The Fed’s long-awaited instant payments system is arriving right on time this month, giving consumers and businesses a new route for speedier transactions.
Payments Dive
JULY 18, 2023
Buy now, pay later platforms, artificial intelligence and other developments “if left unchecked, could increase consumers’ exposure to fraud and manipulation,” the regulators said Monday.
Payments Dive
JULY 19, 2023
The restaurant payments company said Wednesday it would remove the customer-paid order processing fee by the end of this week.
Payments Dive
JULY 19, 2023
The international payments software firm aims to give Chinese students abroad a tool for paying tuition using their home country’s most popular digital wallet.
Payments Dive
JULY 19, 2023
Opponents of the Credit Card Competition Act proposal are gearing up to fight the bill as an attachment to the National Defense Authorization Act.
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