U.S. Bank claims spot in the BNPL space

The launch of the point-of-sale option Avvance comes as nearly one in five consumers surveyed by the New York Fed say they've used buy now, pay later loans within the past year.

By Gabrielle Saulsbery • Oct. 26, 2023

PayPal taps Fiserv as ‘core’ payments partner

Fiserv CEO Frank Bisignano said Tuesday that his company is now PayPal’s “core U.S. partner for payment services.”

By Caitlin Mullen • Oct. 25, 2023

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Fraud and AML in banking

The past year has been one of reckoning with regard to fraud — from TD’s $3 billion AML penalty to the continuing punitive phase connected to PPP misdeeds, crypto bankruptcies and pig butchering.

By Banking Dive staff

Crypto legislation would put US ‘back in the game,’ stakeholders say

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

By Anna Hrushka • Oct. 23, 2023

Stax scoops up paytech firm

Payments technology provider Stax has purchased a processing services provider in its first acquisition since CEO Paulette Rowe took over in August.

By James Pothen • Oct. 17, 2023

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

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