Payments: Page 2


  • A graduation cap sits atop cash bills
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    Carlyle expands its reach on student loans as banks back out

    The private-equity firm bought a $415 million portfolio, reportedly from Truist, and invested in student loan specialist Monogram.

    By Jan. 25, 2024
  • Fintech Novo
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    Novo rolls out an embedded payroll tool for small businesses

    Powered by Check, the new tool, Novo Payroll, aims to help small businesses manage their finances from a single platform.

    By Jan. 24, 2024
  • Bank sign on glass wall of business center Explore the Trendline
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    ultramarine5 via Getty Images
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    Trendline

    Bank and fintech partnerships

    A partnership can be a broad hand-up from a giant bank, a targeted effort to fix a societal issue, or a strategic miscalculation.

    By Banking Dive staff
  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Banking Dive
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    Klarna adds subscription plan

    With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

    By Caitlin Mullen • Jan. 24, 2024
  • Incoming CEO of Jack Henry & Associates, Greg Adelson, posing against a bookshelf and lamp.
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    Retrieved from LinkedIn on January 23, 2024

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    Jack Henry vaults COO to CEO seat

    Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.

    By James Pothen • Jan. 23, 2024
  • binance apps on phone
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    Michael M. Santiago / Staff via Getty Images
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    Binance, SEC face off in court

    For the second time in one week, the Securities and Exchange Commission sought to convince a judge that crypto is a security, and a crypto company sought to convince her of the opposite.

    By Jan. 23, 2024
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Synchrony to buy Ally’s point-of-sale lending unit

    The deal, expected to close this quarter, includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and healthcare, the companies said.

    By Jan. 23, 2024
  • the exterior of the federal reserve building in washington, dc
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    crbellette via Getty Images
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    FedNow draws some banks, as others lag

    The Federal Reserve is building up bank participation in FedNow, but big financial institutions such as Bank of America, Citi, PNC and Capital One, remain on the sidelines — for now.

    By Lynne Marek • Jan. 19, 2024
  • Crypto regulation
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    Leon Neal via Getty Images
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    Coinbase, SEC face off in court

    Coinbase is seeking the dismissal of an SEC lawsuit which accused the crypto exchange of trading more than a dozen tokens that should have been registered as securities.

    By Jan. 18, 2024
  • Man using virtual touchscreen pressing abbreviation a DEI - Diversity Equity Inclusion.
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    Panchenko Vladimir/Shutterstock.com

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    Visa picks fintech startups for accelerator

    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.

    By Tatiana Walk-Morris • Jan. 17, 2024
  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv seeks special-purpose bank charter

    The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.

    By Caitlin Mullen • Jan. 12, 2024
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    Justin Sullivan via Getty Images
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    X plans payments launch for this year

    “I would be surprised if it takes longer than the middle of [2024] to roll out payments,” X owner Elon Musk said during a conversation last month with Ark Invest CEO Cathie Wood.

    By James Pothen • Jan. 10, 2024
  • Money currency exchange business in Iraq.
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    Matt Cardy via Getty Images
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    Remitly taps ads to woo new clients

    The cross-border payments company has boosted marketing to build up its remittance clientele.

    By Lynne Marek • Jan. 10, 2024
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Q&A

    Visa leans on fintech partners

    Teaming with emerging fintechs is “a way of staying very, very relevant,” said Jim Schinella, Visa’s global head of digital partnerships.

    By Caitlin Mullen • Dec. 20, 2023
  • U.S. Bank
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    U.S. Bank fined $36M over freezes of COVID-era unemployment benefits

    The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.

    By Dec. 20, 2023
  • A young woman holding a smartphone and a credit card.
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    Urbanscape via Getty Images
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    Don’t know what a digital wallet is? We’ve got you covered.

    This primer fills in the gaps on how digital wallets work, what companies compete to provide such payment tools and what to expect from them in the future.

    By James Pothen • Dec. 20, 2023
  • ftx ceo john ray at house hearing
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    Screenshot, House Financial Services Committee YouTube

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    FTX files plan to end its expensive bankruptcy

    The plan values assets at their Nov. 11, 2022, rate, which is much lower than their value today. Bitcoin, for example, has more than doubled in price since then.

    By Dec. 19, 2023
  • Marqeta CEO Simon Khalaf
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    Permission granted by Money 20/20
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    Profile

    Simon Khalaf channels energy into scaling Marqeta

    The Marqeta CEO is tasked with taking the card-issuing fintech to the next level amid increased competition and an uncertain economic climate.

    By Caitlin Mullen • Dec. 18, 2023
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Banking Dive
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    Fraud emerges as concern for FedNow users

    The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

    By Lynne Marek • Dec. 15, 2023
  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    Google Pay taps Affirm, Zip for BNPL

    The tech giant has linked with the buy now, pay later companies to develop installment payment options to be offered next year.

    By Caitlin Mullen • Dec. 13, 2023
  • Button on a keyboard that says 'real-time'
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    William_Potter via Getty Images
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    FedNow may have spurred RTP adoption

    The number of banks participating in The Clearing House’s real-time payments network surged this year after the launch of the rival FedNow system.

    By Lynne Marek • Dec. 13, 2023
  • David Watson
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    Permission granted by Gregory MacSweeney
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    The Clearing House revamps leadership

    Since his arrival in February, CEO David Watson has been remaking The Clearing House’s executive suite, with another appointment this week.

    By Lynne Marek • Dec. 12, 2023
  • Discover's incoming CEO, Michael Rhodes
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    Retrieved from Discover Financial Services on December 11, 2023
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    TD exec tapped as Discover’s next CEO

    Michael G. Rhodes, previously the group head for Canadian personal banking at TD, will take the helm at Discover in March.

    By Caitlin Mullen • Dec. 12, 2023
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    Creative via Getty Images
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    Discover to spend at least $500M on compliance next year

    “We’re going to continue to invest whatever we have to invest in order to get the compliance issues behind us,” CFO John Greene said last week.

    By Caitlin Mullen • Dec. 11, 2023
  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex CEO weighs in on Apple card reports

    The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.

    By Caitlin Mullen • Dec. 6, 2023
  • Mall setting with shoppers walking
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    Emily Elconin via Getty Images
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    BNPL growth decelerates: Bank of America

    The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

    By Tatiana Walk-Morris • Dec. 5, 2023