Citi pursues partnerships to elevate its pay-over-time tool

The bank doesn’t need partnerships for its credit card customers to access Flex Pay, but tie-ups offer customer convenience and visibility, said Citi’s Jeff Chwast.

By Caitlin Mullen • March 13, 2025

Airwallex taps into multibillion-dollar creator economy

By embedding finance tools into creator platforms, Airwallex aims to help creators get paid more easily, said Ravi Adusumilli, the company's Americas president.

By Gabrielle Saulsbery • March 12, 2025

Explore the Trendline➔

Fraud and AML in banking

The past year has been one of reckoning with regard to fraud — from TD’s $3 billion AML penalty to the continuing punitive phase connected to PPP misdeeds, crypto bankruptcies and pig butchering.

By Banking Dive staff

Ex-PNC exec was ready to lead Fiserv at ‘the speed of Mike,’ CFO says

“I would say probably 10 days into that transition, [Fiserv CEO] Frank [Bisignano] declared the transition over internally,” CFO Bob Hau said.

By Justin Bachman • March 12, 2025

Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

Regulators will keep BaaS under the microscope, continuing to put pressure on the space and contributing to fewer banks in the space, expects Brett Pharr, the bank’s CEO.

By Caitlin Mullen • March 12, 2025

Green Dot considers sale as CEO exits

The embedded finance company, which posted a loss last year, hired Citi to explore its strategic options and named an interim CEO.

By Lynne Marek • March 11, 2025

When PNC vet takes charge at Fiserv, analysts expect ‘business as usual’

Fiserv CEO-elect Michael Lyons has won over investors. Even so, the payments processor can draw on a deep bench of execs who “know the playbook,” one analyst said.

By Patrick Cooley • March 7, 2025

Killing the CFPB would create a vacuum, ex-insider says

Large banks and payment players might enjoy lighter regulation if the CFPB disappears, but should be careful what they wish for, says David Silberman, a former senior administrator for the bureau.

By Justin Bachman • March 7, 2025

BofA eyes personalization, speedier onboarding for business clients

The team behind the bank’s CashPro platform is making tweaks and enhancements to bring more of the consumer experience to the digital business banking space, a CashPro product executive said.

By Caitlin Mullen • March 6, 2025

Crypto miner stresses risk minimization, manufacturing capability

Broadstreet Private Equity CEO David Feingold hedges against the volatility of crypto by converting every altcoin his operation mines into a stablecoin by day’s end.

By Gabrielle Saulsbery • March 5, 2025

CFPB drops Zelle fraud suit against JPMorgan, BofA, Wells Fargo

The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.

By Justin Bachman • March 4, 2025

SEC drops case against Kraken

“This dismissal lifts that cloud of uncertainty. It reaffirms that businesses like Kraken, which prioritize compliance and consumer protection, should not be subject to arbitrary legal battles,” the exchange wrote in a blog post.

By Gabrielle Saulsbery • March 3, 2025

Trump names coins in strategic crypto reserve

Differing from prior calls for a national bitcoin stockpile, the strategic reserve will have bitcoin, ether, Ripple’s XRP, Solana’s SOL and Cardano’s ADA, according to the president’s Truth Social post.

By Gabrielle Saulsbery • March 3, 2025

Marqeta replaces CEO, makes acquisition

The embedded payments and digital card company agreed to buy European electronic payments provider TransactPay for about $47 million and swapped out its CEO for a Visa alum.

By Lynne Marek • Feb. 27, 2025

Stripe employee share sale may mean delayed IPO

An internal sale of stock to workers may mean the company won’t pursue a public offering anytime soon, consultants and analysts said.

By Patrick Cooley • Feb. 25, 2025

Capital One, Discover shareholders approve merger

Stockholders of the two companies Tuesday approved the deal, which still awaits sign-off from the Federal Reserve and OCC.

By Patrick Cooley • Feb. 19, 2025

Fed delays start of new Fedwire standard

The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

By Lynne Marek • Feb. 19, 2025

Truist, Zelle execs and others discuss approaches to fraud

A Truist executive advocated for more information sharing to combat push-payment fraud, an issue another participant in a panel discussion last week called a “national challenge.”

By Lynne Marek • Feb. 18, 2025

How payment scams start on social media

Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

By Patrick Cooley • Feb. 18, 2025

Waller sees stablecoins advancing in retail

Stablecoins are seeping into payments at stores, but there are plenty of hurdles before they become widely used, according to Federal Reserve Governor Christopher Waller.

By Lynne Marek • Feb. 18, 2025

Klarna, JPMorgan to offer BNPL to business clients

The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

By Patrick Cooley • Feb. 11, 2025

Senators reintroduce bill to bar CBDC

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

By Lynne Marek • Feb. 10, 2025

CFPB fines Wise $2.5M over remittance violations

In one of the bureau's final actions under former Director Rohit Chopra's leadership, the CFPB said Wise misled customers in the U.S. about fees and failed to make other required disclosures.

By Rajashree Chakravarty • Feb. 5, 2025

Coinbase calls on regulators to clarify crypto-bank rules

Banks that pursued crypto “were almost universally met with resistance” from the FDIC, the agency’s acting chair, Travis Hill, said Wednesday.

By Gabrielle Saulsbery • Feb. 5, 2025

Trump media firm aims to launch fintech brand this year

The company wants to develop “American First” investment vehicles with funding of up to $250 million to be custodied by Charles Schwab, it said Wednesday.

By Dan Ennis • Jan. 29, 2025

U.S. Bank’s Kedia to become CEO in April

The super-regional lender’s president, Gunjan Kedia, will become the second woman leading a top-10 American bank when she replaces Andy Cecere on April 15.

By Caitlin Mullen • Jan. 28, 2025