Page 2
-
Fiserv’s RNC visibility carries possible benefits, perils
Publicity for the Republican National Convention, at a venue bearing Fiserv’s name, may raise the company’s profile, but also risks associating the payments player with polarizing partisan rhetoric.
-
Stripe leads the way to Q2 fundraising recovery
Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.
-
FedNow zooms past RTP participation in inaugural year
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
-
Prepaid card spending accelerates
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
-
Bolt advances strategy under new CEO
Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.
-
BofA tackles digital payments pain points
The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.
-
Mastercard updates travelers on latest card precautions
With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.
-
Banks should proactively tackle instant payments fraud: BNY
Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.
-
Self checkout boasts ‘record’ year: report
The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
-
Crypto theft doubles to $1.38B
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
-
The Clearing House’s RTP network logs Q2 records
The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.
-
Q&A
Versapay plunges ahead with new C-suite team
The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.
-
Payroc preps for more acquisitions, envisions potential IPO
Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.
-
Target to stop accepting personal checks
The retailer’s customers will still have six payment options after the change takes effect in about a week.
-
Congress members egg on US payments system expansion
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
-
Visa-Mastercard settlement generates thousands of claim conflicts
Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.
-
Klarna, Adobe partner on buy now, pay later services
The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.
-
Discover to settle card class actions for $1.2B
The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.
-
Payments conferences yet to come in 2024
Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.
Updated July 3, 2024 -
CFPB keeps scrutiny on medical cards
The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.
-
BNPL credit reporting hangs in limbo
The Consumer Financial Protection Bureau has long wanted buy now, pay later loans to be listed on consumer’s credit reports. So why didn’t it include that in a March rule for the industry?
-
NCR Voyix terminates staff across several units
The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.
-
New York BNPL bill is dead, for now
Hopes for passing a 2024 buy now, pay later bill in New York state to regulate the nascent industry expired with the end of the legislative session last month. But next year could be a different story.
-
Payments industry to use AI to detect fraud, improve efficiency
Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.
-
Supreme Court lets complaint on debit fees proceed
The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.