ATM fees jump again, but most customers try to avoid them

Machine operators may be raising fees because they're seeing fewer customers, an analyst with Mercator Advisory Group said.

By Dan Ennis • Oct. 7, 2019

Square opens digital payments platform to more CBD businesses

The San Francisco-based payment processor's move comes more than four months after it rolled out an invite-only pilot program.

By Anna Hrushka • Oct. 4, 2019

Explore the 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

PayPal withdraws from Facebook's Libra crypto project

Lawmakers may seek additional congressional hearings to press the company for details on why it walked away, research firm Cowen said.

By Dan Ennis • Updated Oct. 8, 2019

GOP lawmakers push CFPB to extend remittance rule exemption

If the exemption ends, many banks may stop providing money transfers abroad for fear they'd no longer comply with the rule, the 16 members of the House Financial Services Committee wrote.

By Dan Ennis • Oct. 2, 2019

Fintech Revolut leans in to Visa, away from Mastercard in market expansion

The U.K.-based digital bank is using the Visa deal to expand into 24 new markets. But it's launching in the U.S. this year with Mastercard.

By Dan Ennis • Oct. 1, 2019

Industry execs question cannabis banking bill's potential impact

One compliance officer says she is concerned "there's not enough teeth" to provide safety for banks that service pot-related businesses.

By Anna Hrushka • Oct. 1, 2019

Zelle not worried about market saturation

The platform's growth in payments and transactions tapered off slightly, but an executive said there's still plenty of room to expand.

By Anna Hrushka • Sept. 30, 2019

Former 'Robin Hood' payments company TransferWise dips toe in US banking market

The company's employees once ran through New York City's streets in their underwear to show they had "nothing to hide" in a jab against banks' fees. Now it's partnering with a credit union and a neobank for small businesses.

By Dan Ennis • Sept. 27, 2019

U.S. Bank to test fintech Blend's 'one-tap' mortgage platform

A phased rollout could bring the technology to fellow Blend client Wells Fargo by the end of the year. That bank is the closest competitor to mortgage market leader Quicken.

By Dan Ennis • Sept. 25, 2019

Payroll processor exec charged in $70M bank fraud

About 8,000 employees were left temporarily without pay when banks froze Michael Mann's accounts upon suspecting him of "kiting" funds.

By Dan Ennis • Sept. 25, 2019

JPMorgan Chase grows blockchain network to more than 340 banks

The nation's largest financial institution launched the program in 2017 to minimize friction in cross-border transactions.

By Anna Hrushka • Sept. 23, 2019

UK fintech GoCardless makes a go at US market

A company executive said he sees the greatest potential for growth in a business-to-business market where 42% of payments are still done using paper checks.

By Dan Ennis • Sept. 20, 2019

Capital One, Walmart rolling out 2 cards offering 5% back

The cash-back offers — some time-limited — improve upon the retailer's previous deals through Synchrony, and help Walmart keep pace with competitors Amazon and Target.

By Dan Ennis • Sept. 19, 2019

Amazon expands cash payment options in US

The no-fee transaction allows a customer to choose "Amazon PayCode" at checkout and bring payment to a participating Western Union location within 24 hours.

By Daphne Howland • Sept. 18, 2019

Banks stand to lose $280B in payments revenue to fintechs, report says

"Banks are feeling the heat from new competition and seeing their margins squeezed," Gareth Wilson, Accenture's global payments lead, said in a statement.

By Anna Hrushka • Sept. 18, 2019

Mastercard, Visa revealed as investors in fintech Plaid

The move shows the willingness of traditional payment leaders to embrace disruption in the market.

By Dan Ennis • Sept. 16, 2019

Square's city tax lawsuit is rooted in its status as 'fin' or 'tech'

The company alleges it was overtaxed because San Francisco classified it as a financial services company rather than an information business. Square has twice filed applications to open a bank.

By Dan Ennis • Sept. 13, 2019

Candidate O'Rourke urges banks to curb gun financing in Twitter post

A growing number of banks are using lending to encourage and promote social and environmental causes.

By Dan Ennis • Sept. 12, 2019

Mastercard eyes faster cross-border payments with blockchain deal

B2B cross-border payments accounted for $125 trillion in revenues in 2017, and fintechs are prompting the dominant SWIFT network to hastily adapt to the market.

By Dan Ennis • Sept. 12, 2019

Stripe rolls out credit card for corporate clients

The launch comes just a week after the company announced it would offer lending through Stripe Capital.

By Anna Hrushka • Sept. 11, 2019

Couple spends errant BB&T windfall, gets $107K overdraft fee and theft charges

Over three weeks in early June, two Pennsylvania residents bought a camper, a car trailer and a race car, put a down payment on an SUV, paid bills and gave $15,000 to friends who said they needed it.

By Dan Ennis • Sept. 10, 2019

JPMorgan Chase's WePay launches same-day deposits

The free service gives Chase an edge on fintech competitors such as Stripe and Square, which both charge fees for faster processing.

By Anna Hrushka • Sept. 10, 2019

Chime's SpotMe covers banking customers who overdraw up to $100

Users can sign up for the program if their Chime direct deposits total $500 or more per month. But the negative balance the bank will cover depends on a user's account history.

By Dan Ennis • Sept. 9, 2019

Boxer Manny Pacquiao launches personalized crypto token

Singapore's Global Crypto Offering Exchange looks to get fans of several celebs to invest and trade coins for exclusive merchandise, but the intersection of pop culture and digital currency has cautionary tales.

By Dan Ennis • Sept. 3, 2019

PNC launches on Ripple’s cross-border payments network

While Ripple already has a global portfolio of banks using the RippleNet network, the launch with PNC Bank marks a significant milestone for the cryptocurrency company.

By Anna Hrushka • Sept. 3, 2019