German challenger bank N26 to shutter US operations

Accounts for the fintech's 500,000 U.S. customers will be closed Jan. 11. The company is aiming to expand into more countries in eastern Europe and still plans to launch services in Brazil.

By Dan Ennis • Nov. 18, 2021

U.S. Bank to buy travel and expense management fintech TravelBank

After a yearlong partnership, the Minneapolis lender opted to buy the fintech outright, in a deal reportedly worth $200 million.

By Robin Bradley • Nov. 17, 2021

Explore the Trendline➔

Fintech disruption in the banking industry

There are as many schools of thought on how to disrupt the banking space as there are disruptors.

By Banking Dive staff

Why Current built its core technology in-house

Curbing the need for a third-party processor helps money move faster, said the fintech's CTO, Trevor Marshall. "When I think of a checking account, I think of a parking lot," he said. "Current is about movement."

By Suman Bhattacharyya • Nov. 8, 2021

Is finance ready for the super-app revolution?

With a market of specialized fintech offerings and a customer base hungry for streamlined solutions, there's a race to become the provider of all services. The burden lies on the platform provider to deliver an exceptional experience.

By Kathryn Petralia • Nov. 5, 2021

First Internet Bank to expand into payments with $80M First Century purchase

First Internet CEO David Becker said the deal solidifies the bank's position as a "growth-oriented financial services company," and First Century’s payments business will be a key source of revenue going forward.

By Anna Hrushka • Nov. 3, 2021

Valley Bank unveils payments app for cannabis businesses

Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said.

By Anna Hrushka • Oct. 27, 2021

U.S. Bank's Elavon eyes BNPL arena

The payments processor will likely both build and buy its way into the buy-now-pay-later market, Elavon CEO Jamie Walker said in an interview last week.

By Lynne Marek • Oct. 26, 2021

Goldman Sachs, AmEx debut cloud-based payments service for corporate clients

The investment bank is partnering with the world's largest card issuer for businesses in an effort to make payments easier and more efficient for institutional clients.

By Robin Bradley • Oct. 20, 2021

Facebook's Novi launches digital currency wallet pilot

The announcement was met nearly immediately with pushback from five senators urging that the project be discontinued.

By Dan Ennis • Oct. 20, 2021

Stripe agrees to buy Indian software company Recko

The acquisition — the financial details of which are not disclosed — is expected to allow the fintech to give its business clients more accounting capabilities.

By Lynne Marek • Oct. 20, 2021

Cross-border payments competition heats up

Three bank-backed payments companies are attempting to increase the speed of cross-border payments, jumping into an arena teeming with fintech rivals.

By Lynne Marek • Oct. 14, 2021

British payments firm SumUp pushes into US with $317M deal

The company's purchase of San Francisco-based Fivestars will help it scale "dramatically" in a market dominated by the likes of Square and PayPal, a spokesperson said.

By Lynne Marek • Oct. 14, 2021

Fed won't go it alone on CBDC

The central bank will work with Congress and the Biden administration on any digital currency development, Chair Jerome Powell emphasized Wednesday.

By Lynne Marek • Sept. 23, 2021

Longtime Mastercard executive Banga to retire at year's end

Banga's upcoming exit was part of a "planned board leadership transition" initiated last February, the company said, though the timing of his retirement had not been previously announced.

By Lynne Marek • Sept. 21, 2021

Business failure helped Chime CFO build resilience

Having a business that didn't succeed past its venture stage gave Matt Newcomb a big-picture view that informs his strategic mindset at the fast-growing fintech.

By Robert Freedman • Sept. 15, 2021

How BankMobile pivoted its business model in the face of competition

"Our pillar of being able to have a profitable, sustainable model — and as fast as possible — wasn't happening," CEO Luvleen Sidhu said. "It's challenging when you have other challenger banks spending half a billion dollars on marketing."

By Anna Hrushka • Sept. 15, 2021

Capital One beta-tests BNPL option, marking turnabout

The McLean, Virginia-based bank barred customers last December from using its credit cards to clear buy-now-pay-later debt.

By Dan Ennis • Sept. 14, 2021

JPMorgan Chase to acquire company behind Zagat guidebook

Barred by regulators from buying another deposit-taking institution, the nation's largest bank looked to an adjacent arena to expand culinary perks for its credit-card holders.

By Robin Bradley • Sept. 10, 2021

JPMorgan to buy majority stake in Volkswagen's payments business

The deal is the latest in a series of investments the bank has made in the past year, following CEO Jamie Dimon's 2020 promise that it would be "much more aggressive with acquisitions across the board."

By Anna Hrushka • Sept. 8, 2021

Acquisitions heat up amid competition for small-business payments clients

Some companies are buying up businesses that will help them cater to small and midsize clients, while others are getting out of the arena.

By Lynne Marek • Sept. 2, 2021

Fed finds businesses eager for faster payments

About 90% of the 2,010 U.S. businesses in a survey published by the Federal Reserve expect to use faster payments in their operations by 2023, when FedNow is slated for launch. But many are ready for that upgrade now.

By Lynne Marek • Sept. 2, 2021

Robinhood developing early direct deposit access, app code shows

Similar features have gained traction at challenger banks and incumbents as an alternative to overdraft fees. The trading app is looking to broaden its revenue stream beyond trading.

By Dan Ennis • Sept. 2, 2021

Fintech veteran gears neobank toward musicians

Kasasa executive John Waupsh decided to launch Nerve after noticing musicians, struggling to access business accounts, often rely on personal checking accounts for business deposits and expenses.

By Anna Hrushka • Aug. 25, 2021

Fiserv strikes up a bevy of new partnerships

The payments processor has fresh ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.

By Lynne Marek • Aug. 24, 2021

Wells Fargo reverses course on personal lines of credit

The lender's July decision to close existing lines generated outcry from customers whose credit could be hurt by the move. Borrowers who haven't used PLOCs in 12 months have until Dec. 2 to activate their lines.

By Dan Ennis • Aug. 19, 2021