Company of the Year: Mastercard

The world's second-leading payment network is pivoting away from its five-decade bread and butter — and showing its future lies not in cards but in partnerships.

By Dan Ennis • Dec. 9, 2019

The Banking Dive Awards for 2019

From Jamie Dimon to Mastercard, these are the companies and executives that shaped banking this year.

Dec. 9, 2019

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

Banks eye a bigger helping of holiday retail point-of-sale pie

Citi, JPMorgan Chase and Mastercard have expanded their loan options this year to fend off upstarts and entice interest-averse buyers.

By Hillary Richard • Dec. 3, 2019

Think globally: 4 tips for payment success

Keeping up with innovation and limiting cross-border friction can be crucial to growth, writes BlueSnap CEO Ralph Dangelmaier.

By Ralph Dangelmaier • Dec. 2, 2019

Lawmaker pushes Wells Fargo to refund 'deceptively collected' fees

Customers with the bank's most popular checking accounts could avoid a $10 monthly charge if they make 10 transactions a month. But they weren't told that ATM withdrawals did not count toward that threshold.

By Dan Ennis • Nov. 25, 2019

In fintech partnerships, should banks' brands be out front or in background?

Banks that stay behind the scenes risk being relegated to a commodity. But fintechs that take the lead may be looking for something more.

By Anna Hrushka • Nov. 22, 2019

Wells Fargo rolls out real-time payments for corporate customers

The U.S. has been slow to adopt real-time payments in comparison to countries such as the U.K., India and Mexico. The Clearing House wants banks nationwide to adopt its RTP network by next year.

By Dan Ennis • Nov. 20, 2019

American Express offers merchants up to $450K sign-on bonus to boost acceptance

Businesses often cite AmEx's higher interchange fee as a reason to stick with Mastercard and Visa, but the company is on a years-long mission to catch up with other payment networks by the end of the year.

By Dan Ennis • Nov. 19, 2019

Amazon abandons plan for checking accounts

The tech giant told JPMorgan Chase, one of its potential partners in the initiative, it was concerned it would be subject to banking regulations, according to a report from The Information.

By Dan Ennis • Nov. 18, 2019

Google to launch Citi-backed checking accounts next year

The partnership could help the nation's third-largest bank bring in more customers without expanding its branch presence, but it comes at a tumultuous time for payment efforts by tech companies.

By Dan Ennis • Nov. 13, 2019

Facebook Pay launches on Facebook and Messenger

The social network's new service promises to unify the company's payments capabilities through its suite of platforms.

By Anna Hrushka • Nov. 13, 2019

Apple Card under investigation for alleged gender discrimination

Customers, such as software developer David Heinemeier Hansson, took to Twitter to complain the credit line offered by his Apple Card was 20 times higher than what was offered to his spouse.

By Anna Hrushka • Nov. 11, 2019

Mobile banking finds its 'half' life

About 50% of consumers are using in-app digital wallets, and more than 60% of online transactions are made using a smartphone, two studies show.

By Dan Ennis • Nov. 8, 2019

JPMorgan Chase targets gig economy tech firms with e-wallet platform

As tech companies encroach on the payments space, the nation's largest bank is ceding some control over a $109 billion slice of its business in the hope of striking up more partnerships.

By Dan Ennis • Nov. 7, 2019

UK fintechs GoCardless, TransferWise launch cross-border recurring payment network

"There’s a ton of pain in cross-border payments," Pranav Sood, GoCardless’s vice president of international expansion, told Banking Dive. "Businesses feel inhibited by fragmented rules and regulations" in various countries.

By Dan Ennis • Nov. 6, 2019

Sallie Mae expands into cards amid dearth of competition for student credit

Most major banks stopped targeting college campuses after the 2009 CARD Act. That gives the student lender fewer rivals in a market where its name is already known.

By Hillary Richard • Nov. 1, 2019

Green Dot, Walmart renew prepaid card deal, launch fintech accelerator

The agreement ensures Green Dot will remain the issuing bank behind MoneyCard through 2027. About 35% of the fintech's second-quarter revenue came from sales at the retail giant's stores.

By Dan Ennis • Oct. 30, 2019

Venmo kicks off rewards program with offers at Target, Sephora

The move comes as the peer-to-peer payments platform prepares to launch a credit card next year.

By Tatiana Walk-Morris • Oct. 30, 2019

Trust is a digital bank's most crucial currency, 3 challenger CEOs say

The leaders of Chime, Varo and Grasshopper Bank discuss lessons learned from a recent outage, and big banks' innovation pain points.

By Dan Ennis • Oct. 30, 2019

Uber's payments-arm rollout may signal it's changing lanes

The timing of the ride-sharer's revamped offerings may take advantage of an Apple-sized swell in financial services.

By Dan Ennis • Oct. 29, 2019

Ondot aims to give smaller banks 'Apple Card-like' success with Card App

Fintech partnerships can help community banks go high-tech while staying high-touch, an ICBA executive says.

By Anna Hrushka • Oct. 29, 2019

Cannabis can be most transparent business to bank, Simplifya exec says

Banks entering the space can plumb a wealth of data, based on the number of fintechs that have sprung up to address the challenges associated with the industry, the company's chief compliance officer says.

By Anna Hrushka • Oct. 28, 2019

Fintech Nova Credit helps American Express tap into immigrants' credit history

Nova's technology reinterprets international data into a U.S. credit score. Amex is targeting a typically high-credit-quality segment of the 46 million U.S. newcomers who may have trouble getting credit.

By Dan Ennis • Oct. 27, 2019

Venmo payment volume jumps 64% as PayPal looks to capitalize

The parent company is looking to monetize Venmo through an upcoming credit-card rollout and an offer of instant transfers from the app to a U.S. bank account.

By Anna Hrushka • Oct. 25, 2019

Ripple's focused approach is paying off, CEO Garlinghouse tells conference

"I think one of the mistakes that some in the industry have made is they go super broad and not very deep," the tech leader said. "Ripple has done the opposite.”

By Anna Hrushka • Oct. 24, 2019