Payments: Page 3


  • 100 dollar bills with green streaks spiraling around them and 0s and 1s in the background
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    Viorika via Getty Images
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    Airwallex eyes embedded payments in globalization push

    Headcount increases in Brazil and Mexico are among the “immediate bets” the company is making, executive GM Ravi Adusumilli said.

    By Grace Noto • Sept. 10, 2024
  • Shift4 Payments SpaceX Isaacman
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    Retrieved from Polaris Dawn on September 06, 2024
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    The fintech CEO who is becoming a frequent flier with SpaceX

    On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

    By Justin Bachman • Sept. 9, 2024
  • Explore the Trendline
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    Morris MacMatzen / Stringer via Getty Images
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    Trendline

    Data-driven disruption

    More often than not, an innovator may see disruption as an enhancement to be embraced. And sometimes the innovators are the establishment.

    By Banking Dive staff
  • Phone in hand with 'pay' button showing
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    Tero Vesalainen via Getty Images
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    Visa to upgrade pay-by-bank service in UK next year

    The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.

    By Patrick Cooley , Lynne Marek • Sept. 6, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee April 26, 2022 in Washington, DC.
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    Win McNamee via Getty Images
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    CFPB slammed with EWA commentary

    The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal and it got an earful.

    By Lynne Marek • Sept. 4, 2024
  • A skyscraper with the name "U.S. Bank" atop it is shown.
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    Courtesy of U.S. Bank
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    U.S. Bank works to simplify SMB banking, payments

    To stand out from competitors, the Minneapolis-based lender has also expanded its SBA loan program over the last year, said Shruti Patel, chief product officer for business banking.

    By Aug. 29, 2024
  • Federal Reserve Board Governor Christopher Waller sits at table speaking.
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    Sarah Silbiger via Getty Images
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    Fed’s Waller questions faster cross-border payments ties

    There could be more fraud and money laundering if countries move too quickly to link their faster payments systems, the central bank governor said Wednesday at a conference.

    By Lynne Marek • Aug. 29, 2024
  • Money transfer app on mobile device
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    Permission granted by MoneyGram
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    MoneyGram, Adyen add chief technology officers

    The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.

    By Lynne Marek • Aug. 28, 2024
  • Daniel Muller
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    Permission granted by Aeropay
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    Aeropay targets pay-by-bank evolution in US

    The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

    By Lynne Marek • Aug. 27, 2024
  • FTX signage is shown with a phone in the foreground
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    Leon Neal / Staff via Getty Images
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    Partner of former FTX exec hit with campaign finance charges

    Now, Ryan Salame has asked a New York judge to void his guilty plea, which he attests was made following a verbal agreement with prosecutors that they would drop their probe into his partner Michelle Bond.

    By Aug. 23, 2024
  • U.S. Bank
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    Permission granted by U.S. Bank
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    U.S. Bank buys healthcare payments firm

    The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare Solutions allows its Elavon unit to dig deeper into healthcare payments and billing services.

    By Lynne Marek • Aug. 22, 2024
  • Marqeta CEO Simon Khalaf
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    Permission granted by Money 20/20
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    Q&A

    Marqeta CEO says his platform is no ‘single-trick pony’

    Simon Khalaf cites the need for banks to change their behavior to focus on customer service. He also says upcoming underwriting tech could put the banking sector “on steroids.”

    By Aug. 21, 2024
  • Bank sign
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    Courtesy of U.S. Bank
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    U.S. Bank doubles down on AR with Billtrust

    The Minneapolis-based bank’s new offering seeks to accelerate the accounts receivable process — sometimes viewed as a laggard in the race to automate finance.

    By Maura Webber Sadovi • Aug. 20, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Win McNamee / Staff via Getty Images
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    Capital One, Citi plan to join FedNow in ‘near future’

    The two big banks say they’ll soon connect to the Federal Reserve’s new instant payment system, even as other major banks remain on the sidelines.

    By Lynne Marek • Aug. 20, 2024
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan, Zelle may have upper hand if litigation ensues

    If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, said lawyers specializing in the area.

    By Patrick Cooley • Aug. 16, 2024
  • Klarna $1 billion funding round.
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    Courtesy of Klarna
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    Klarna jumps into banking business

    The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.

    By Lynne Marek • Aug. 15, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Win McNamee / Staff via Getty Images
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    Capital One insists Discover deal won’t increase card fees

    The bank and credit card issuer told regulators in a letter that competition will require it to keep its products fairly priced.

    By Patrick Cooley • Aug. 14, 2024
  • Car driver's hand on the wheel with a smartphone to the right.
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    Drew Angerer via Getty Images
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    How embedded payments are changing the way we pay

    As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.

    By Patrick Cooley • Aug. 14, 2024
  • A close-up of a paper pay slip with tax and pension information.
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    tattywelshie via Getty Images
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    Q&A

    Chime exec talks on CFPB’s new EWA stance

    Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.

    By Lynne Marek • Aug. 12, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Banking Dive
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    FedNow to add more fraud tools, Fed official says

    The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.

    By Lynne Marek • Aug. 12, 2024
  • funding circle london office
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    Courtesy of Funding Circle UK
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    Tracker

    A running list of fintech layoffs in 2024

    Thousands of fintech employees have been let go since the start of the year. Many firms cited cost cuts.

    Aug. 9, 2024
  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Fed faults Customers Bank over digital asset strategy

    In an enforcement action, the Federal Reserve ordered the bank to enhance its compliance with anti-money laundering and OFAC regulations, citing “significant deficiencies.”

    By Aug. 9, 2024
  • Whataburger Digital Kitchen, the chain's first digital-only unit, opened in Austin in September.
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    Courtesy of Whataburger
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    JPMorgan fires up biometric payments processing

    The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

    By Lynne Marek • Aug. 7, 2024
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Banking Dive
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    FedNow ‘could lower fees’ in future, analyst reports

    The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

    By Lynne Marek • Aug. 6, 2024
  • cryptocurrency graphic
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    Dan Kitwood via Getty Images
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    Genesis completes restructuring, begins payouts

    The company filed for bankruptcy in January 2023. User funds had been frozen since November 2022 when the crypto lender ran into liquidity issues following the collapse of FTX.

    By Aug. 5, 2024
  • Two people walk past a Chase bank branch.
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    Spencer Platt via Getty Images
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    JPMorgan threatens to sue CFPB over Zelle

    The bank in May flagged government inquiries over its handling of disputes involving the P2P platform. But Friday, it said it would consider litigation if the agency were to issue an enforcement action on the matter.

    By Aug. 5, 2024