Ally abandons credit card business for point-of-sale loan model

Ally Financial hopes its $190 million purchase of a medical lending company will push its point-of-sale capabilities to other retail sectors.

By Dan Ennis • July 19, 2019

PayPal expands Xoom, launches blockchain startup in Europe

PayPal's expansion of Xoom puts it in direct competition with other leading international money remittance services like MoneyGram and TransferWise, all fighting for a slice of the $689 billion global remittance market.

By Anna Hrushka • July 18, 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

Nevada to pilot closed-loop payments system to serve marijuana-related businesses

The proposal would eliminate the large amounts of cash the state's pot businesses must deal with by creating an online system where digital currency transactions could be made.

By Anna Hrushka • July 17, 2019

KeyCorp faces $90M loss over client's bad wire transfers

The bank claims a payroll processing company made a $122 million overdraft and the company's CEO knew there wasn't enough money to cover the wire transfers.

By Dan Ennis • July 17, 2019

Lawmakers raise money laundering concerns during Libra hearing

Lawmakers both supportive and wary of the launch of Facebook's cryptocurrency were concerned over how the social media giant plans to limit "bad actors" from using the currency.

By Anna Hrushka • July 16, 2019

Lawmakers schedule hearings ahead of Facebook's cryptocurrency launch

The Silicon Valley-based company said Libra, which is scheduled to launch in early 2020, is already backed by dozens of companies — including Uber and Mastercard — to be managed by the independent nonprofit, Calibra.

By Anna Hrushka • July 1, 2019

Amazon launches credit account with Prime-member perks

Cardholders will be able to make purchases on Amazon.com up to their credit limit, as well as receive free access to credit guidance and tools.

By Tatiana Walk-Morris • June 11, 2019

Visa, Currencycloud partner to streamline cross-border payments

Cross-currency wallets and foreign exchange transaction notifications could make tourism spending easier during a trade-war lull.

By Lisa Rowan • June 6, 2019

PayPal enables Instant Transfer to banks for faster cash access

Consumers — and soon businesses — can get money to bank accounts or debit cards in minutes through the new service.

By Dan O'Shea • March 14, 2019