Payments: Page 2
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Warren probes Zelle scam policy
Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.
By James Pothen • Feb. 20, 2024 -
PayPal invests in AI startup Rasa
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
By Tatiana Walk-Morris • Feb. 20, 2024 -
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 -
Capital One to acquire Discover in $35.3B deal
The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.
By Dan Ennis • Feb. 20, 2024 -
SoLo Funds nears 2M users
The peer-to-peer lending platform has faced some regulatory backlash, but a study from London's Centre for Economics and Business Research shows it's cheaper than many other subprime options.
By Gabrielle Saulsbery • Feb. 14, 2024 -
Q&A
Adyen eyes growth in North America
Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.
By Caitlin Mullen • Feb. 14, 2024 -
NY AG expands suit against DCG
Attorney General Letitia James initially alleged that Digital Currency Group and others defrauded investors of $1 billion. Now, after hearing from more investors, that number is up to $3 billion.
By Gabrielle Saulsbery • Feb. 12, 2024 -
Bill Holdings, Bank of America revamp contract
The provider of bill-pay software services was expecting to extend its services to more of the bank's clients. Now the bank is changing its plans.
By Lynne Marek • Feb. 12, 2024 -
Citi moves deeper into e-commerce through digital couponing
The bank recently launched a browser extension that searches for coupons on merchant checkout pages, suggests applicable codes and can activate cash-back offers.
By Suman Bhattacharyya • Feb. 12, 2024 -
Q&A
Banks should step up scam response: fraud expert
With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, one executive says.
By Caitlin Mullen • Feb. 9, 2024 -
Ex-Heartland Tri-State CEO charged with embezzling $47M in crypto
A Heartland customer told authorities he saw a red flag when Shan Hanes, the bank’s CEO until July, asked him for $12 million to help take his money out of a crypto investment, according to Bloomberg.
By Gabrielle Saulsbery • Feb. 8, 2024 -
Fleet fintech ditches Visa for Mastercard
Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.
By Lynne Marek • Feb. 6, 2024 -
Yellen asks Congress for stablecoin legislation
Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.”
By James Pothen • Feb. 6, 2024 -
Why ‘pay-by-bank’ faces adoption hurdles in US retail
Pay-by-bank has been catching on slowly, and it’s a particularly long shot for showing up at the point of sale any time soon.
By Suman Bhattacharyya • Feb. 5, 2024 -
Celsius emerges from bankruptcy after 18 months
As part of its bankruptcy exit, the crypto exchange is distributing $3 billion to creditors and launching a Bitcoin mining firm.
By Gabrielle Saulsbery • Feb. 2, 2024 -
One in four companies ban GenAI
The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.
By Alexei Alexis • Jan. 30, 2024 -
Rivals may chase Fiserv special bank charter lead
If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.
By Caitlin Mullen • Jan. 25, 2024 -
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 Dan Ennis • Jan. 25, 2024 -
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 Rajashree Chakravarty • Jan. 24, 2024 -
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 -
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, 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 Gabrielle Saulsbery • Jan. 23, 2024 -
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 Rajashree Chakravarty • Jan. 23, 2024 -
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 -
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 Gabrielle Saulsbery • Jan. 18, 2024 -
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