SoFi exits crypto business

SoFi customers can liquidate their accounts, or choose to be migrated to Blockchain.com. If they do nothing, SoFi will liquidate the assets for them, to be transferred to their brokerage accounts.

By Gabrielle Saulsbery • Nov. 29, 2023

PayPal tackles chargeback fraud

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

By Lynne Marek • Nov. 29, 2023

Explore the Trendline➔

Mobile banking trends

Whether referring to niches or marketwide adoption, any discussion of mobile banking today can focus on the narrowing of gaps.

By Banking Dive staff

BNPL bolsters holiday weekend spending

The Black Friday through Cyber Monday shopping weekend was a boon for BNPL providers and payments companies such as Stripe and Square.

By Caitlin Mullen • Nov. 29, 2023

JPMorgan pushes up UK digital bank’s break-even timeline

The bank now expects its U.K. operation Chase to cross into the black in 12 to 18 months, at least two years ahead of a previous estimate, JPMorgan President Daniel Pinto said Tuesday.

By Dan Ennis • Nov. 29, 2023

JPMorgan Chase credit card snafu trips up Black Friday shoppers

The biggest bank in the U.S. erroneously declined some credit card users’ purchases on the busiest shopping day of the year, a day when HSBC also experienced an outage.

By Lynne Marek • Nov. 28, 2023

Plaid poaches Adyen executive for European expansion

Brian Dammeir sees opportunities for Plaid’s payments business to grow in Europe, particularly in account-to-account payments, he said in a Wednesday interview.

By James Pothen • Nov. 22, 2023

Binance names new CEO after taking $4.3B in penalties

“I made mistakes, and I must take responsibility," the crypto exchange's founder Changpeng Zhao tweeted. "This is best for our community, for Binance, and for myself."

By Gabrielle Saulsbery • Nov. 22, 2023

Binance CEO to step down: reports

Changpeng Zhao, the founder and CEO of the world's largest crypto exchange, will step down and plead guilty to AML charges, Forbes and WSJ reported.

By Gabrielle Saulsbery • Nov. 21, 2023

5 takeaways from Michael Barr’s remarks at The Clearing House conference

The Fed's vice chair for supervision expressed optimism about FedNow’s benefits while making the case for the central bank's contentious capital-requirements proposal.

By Suman Bhattacharyya • Nov. 20, 2023

Wise CFO credits customer growth for 280% profit jump

The fintech’s nearly quadruple jump in profits comes as its CFO is preparing to depart after an eight-year tenure.  

By Grace Noto • Nov. 17, 2023

Ramaswamy unveils crypto plan

The Republican is the first presidential candidate in his party to address crypto in his campaign platform.

By Gabrielle Saulsbery • Nov. 17, 2023

BNPL companies face grim outlook, Moody’s says

Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

By Lynne Marek • Nov. 13, 2023

Celsius bankruptcy plan approved

At its peak, Celsius purported to hold $25 billion in assets, and its failure was one of crypto's biggest before the fall of FTX four months later. It expects to emerge from Chapter 11 in early 2024.

By Gabrielle Saulsbery • Nov. 10, 2023

CFPB proposes new oversight for payment tech firms

Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

By Lynne Marek , James Pothen • Nov. 7, 2023

It’s time to normalize cannabis payments

A significant hurdle obstructs the cannabis industry’s path to full legitimacy: the lack of access to debit and credit card payments. 

By Tony Repanich, President and CEO of Shield Compliance • Nov. 6, 2023

What execs are saying about bank-fintech partnerships

Bank-fintech partnerships, including banking-as-a-service models, have faced increased scrutiny this year. But executives are optimistic, some deeming these tie-ups “critical.”

By Gabrielle Saulsbery , Anna Hrushka • Nov. 3, 2023

Breaking down buy now, pay later

After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.

By Caitlin Mullen • Nov. 3, 2023

PayPal’s new CEO promises improvements

Alex Chriss, who took the top post in September, tapped a new chief financial officer Wednesday and pledged to better focus the digital payment company's strategy.

By Lynne Marek • Nov. 2, 2023

Straddling the CFO, COO divide: Brex

As C-suite responsibilities change, the gap between roles such as the CFO and chief operating officer is narrowing.  

By Grace Noto • Oct. 26, 2023

U.S. Bank claims spot in the BNPL space

The launch of the point-of-sale option Avvance comes as nearly one in five consumers surveyed by the New York Fed say they've used buy now, pay later loans within the past year.

By Gabrielle Saulsbery • Oct. 26, 2023

PayPal taps Fiserv as ‘core’ payments partner

Fiserv CEO Frank Bisignano said Tuesday that his company is now PayPal’s “core U.S. partner for payment services.”

By Caitlin Mullen • Oct. 25, 2023

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 23, 2023

Stax scoops up paytech firm

Payments technology provider Stax has purchased a processing services provider in its first acquisition since CEO Paulette Rowe took over in August.

By James Pothen • Oct. 17, 2023

i2c chases partnerships to power growth

The issuing-processing fintech is pursuing tie-ups with Deloitte, PwC and other big advisory firms to further its growth globally.

By Caitlin Mullen • Oct. 11, 2023

Fiserv among MOVEit cyberattack victims

The payment processor recently notified one of its customers, Flagstar Bank, that it was entangled in a May cyberattack that’s affected more than 2,000 organizations.

By Caitlin Mullen • Oct. 10, 2023