Payments: Page 9
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i2c chases partnerships to power growth
The issuing-processing fintech is pursuing tie-ups with Deloitte, PwC and other big advisory firms to further its growth globally.
By Caitlin Mullen • Oct. 11, 2023 -
Fiserv among MOVEit cyberattack victims
The payment processor recently notified one of its customers, Flagstar Bank, that it was entangled in a May cyberattack that’s affected more than 2,000 organizations.
By Caitlin Mullen • Oct. 10, 2023 -
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 -
Orum uses FedNow to launch account verification tool
The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.
By James Pothen • Oct. 10, 2023 -
Banks would have to disclose crypto exposure in new Basel plan
The Basel Committee on Banking Supervision put some onus of this year's banking crisis on crypto in a report Thursday. It also announced a proposed framework for banks who touch crypto, to debut soon.
By Gabrielle Saulsbery • Oct. 5, 2023 -
Monzo names US CEO in renewed push to capture American market
Conor Walsh, who served six years as head of global product at Cash App, replaces Carol Nelson, who stepped down last year, shortly after the U.K. fintech withdrew its application for a U.S. bank charter.
By Anna Hrushka • Oct. 5, 2023 -
Senate bill would let SMBs use SBA loans to cover fintech fees
The Financial Technology Association is backing a bill that would clarify that loans made through the Small Business Administration’s flagship lending program can be used to pay for fintech services.
By Anna Hrushka • Oct. 4, 2023 -
SEC can’t appeal judge’s Ripple decision
U.S. District Judge Analisa Torres rejected the regulator’s motion to appeal her July decision, but set a court date for other aspects of Ripple’s case.
By Gabrielle Saulsbery • Oct. 4, 2023 -
Shift4 acquires SpotOn unit for $100M
With the purchase of SpotOn’s sports and entertainment business unit, Shift4 scoops up its rival’s customers in that market.
By Caitlin Mullen • Oct. 3, 2023 -
Banking events for the 2023-24 conference season
It’s time to plan for the rest of this year and beyond. Banking Dive has you covered with a running list of industry conferences, expos and meetings.
By Dan Ennis • Sept. 29, 2023 -
Modern Treasury CEO targets bigger customers
The digital payment services company brought on a chief revenue officer last year to better serve larger companies, according to CEO Dimitri Dadiomov.
By James Pothen • Sept. 27, 2023 -
Keeping track of multiple BNPL loans? There’s an app for that.
Cushion CEO Paul Kesserwani felt overwhelmed when he tried to keep track of several BNPL loans at once, so he shifted his fintech’s focus to help others in the same boat.
By Gabrielle Saulsbery • Sept. 27, 2023 -
Square adds merchant tools
Block’s merchant business, facing stiffer competition in the point-of-sale space, has added about a dozen new features for its sellers.
By Caitlin Mullen • Sept. 27, 2023 -
BNPL users ‘financially fragile,’ NY Fed says
Consumers using BNPL have lower credit scores, have been delinquent on a loan or have been rejected for a credit application over the past year, New York Fed researchers said.
By Caitlin Mullen • Sept. 26, 2023 -
House panel passes bill to thwart CBDC
The Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.
By Lynne Marek • Sept. 25, 2023 -
Varo aims to displace Venmo, Cash App volume with new P2P feature
The bank on Thursday launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.
By Anna Hrushka • Sept. 21, 2023 -
JPMorgan taps Gusto to offer embedded payroll services
Chase Payment Solutions’ small and medium-size business customers can use Gusto to combine the payroll process with financial operations.
By Rajashree Chakravarty • Sept. 20, 2023 -
Citi launches token service for institutional clients
The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant cross-border payments 24/7, the bank said.
By Rajashree Chakravarty • Sept. 19, 2023 -
Santander retools its structure
The bank is consolidating its retail and commercial business into a new global unit and creating a global digital consumer banking division in a move meant to enhance profitability.
By Dan Ennis • Sept. 19, 2023 -
Square CEO to depart
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.
By Caitlin Mullen • Sept. 18, 2023 -
Regulators need to speed up ‘tepid’ FedNow adoption, Brookings expert says
It’s risky to rely entirely on market forces to drive the use of the Federal Reserve's new instant payments service, said Aaron Klein, a senior fellow at Brookings.
By Suman Bhattacharyya • Sept. 13, 2023 -
Stax CEO zeroes in on embedded payments
Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.
By Caitlin Mullen • Sept. 12, 2023 -
5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more
The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.
By Suman Bhattacharyya • Sept. 11, 2023 -
Sponsored by Federal Reserve Financial Services
How the FedNow® Service makes instant payments easy for businesses and consumers
In an era of always-on, digitized consumer experiences, people expect to make payments and receive money instantly.
Sept. 11, 2023 -
Fourth former FTX executive pleads guilty
Ryan Salame pleaded guilty to violating campaign finance laws and operating an unlicensed money transfer business. Salame could lose $1.5 billion if he fails to forfeit assets including two properties and a Porsche 911 Turbo.
By Gabrielle Saulsbery • Sept. 8, 2023 -
Q&A
Turmoil at Discover may make it a bank acquisition target
Discover, hunting for a new CEO while it addresses compliance issues, might catch the eye of a large regional bank, said Joe Silvia, an attorney who advises on mergers and acquisitions.
By Caitlin Mullen • Sept. 8, 2023