Expensify amps up charitable giving with 'Karma Points'

A San Francisco company's corporate card gives a slice of its swipe fees to organizations fighting homelessness, hunger and climate change, depending on the cardholder's spending.

By Kate Patrick Macri • Jan. 31, 2020

Zelle reports adding 100 financial institutions last quarter

Year-over-year payment values on the P2P platform increased by 57%, while transaction volume jumped 72%, network operator Early Warning Systems reported Tuesday.

By Anna Hrushka • Jan. 28, 2020

Explore the Trendline➔

M&A

President Donald Trump’s reelection was predicted to yield loosened regulation. But tariff volatility and economic uncertainty has thrown a wrench into an expected boom in mergers and acquisitions.

By Banking Dive staff

American Express catches up to Visa, Mastercard in acceptance, it reports

The payment network pushed efforts, including sign-on bonuses, to entice small businesses. Now it looks to alter perception in the market that it's accepted in fewer places because of higher swipe fees.

By Dan Ennis • Jan. 24, 2020

Morgan Stanley muscles in on traditional bank accounts with CashPlus

The shift in strategy comes after the investment bank announced it's cutting 1,500 jobs and reducing bonuses.

By Dan Ennis • Jan. 24, 2020

The Clearing House quadruples single real-time payment limit to $100K

The move is meant to boost the network's attractiveness in comparison to those with a $25,000 ceiling operated by ACH or the Federal Reserve.

By Dan Ennis • Jan. 23, 2020

Banks boost borrowers' card limits without telling them, report finds

Capital One analysis found customers carry the same percentage of debt regardless of their ceiling. Executives tweaked the bank's practices in response to bottom-line pressure, according to Bloomberg.

By Dan Ennis • Jan. 23, 2020

Vodafone quits Facebook's Libra, doubles down on M-Pesa

The British telecommunications conglomerate wants to expand the mobile payments app beyond its mostly African base to better serve the underbanked.

By Dan Ennis • Jan. 22, 2020

Mobile wallets let local markets leapfrog card payments

Fintech innovations have enabled many countries to skip over certain payment methods in their financial evolution, writes Steve Villegas, a vice president at PPRO.

By Steve Villegas • Jan. 21, 2020

Visa's Plaid deal pushes open banking, third-party security to forefront

The $5.3 billion acquisition may spur more fintech-on-fintech M&A, but the crux may lie in the card network's desire to stay relevant, analysts say.

By Anna Hrushka • Jan. 17, 2020

Citi narrows gender pay gap to 27% in second yearly report

The nation's third-largest bank is using the gulf between the raw and adjusted pay gap figures to call for more women and minorities to fill management roles.

By Dan Ennis • Jan. 16, 2020

Visa to acquire Plaid for $5.3B

The payment card network was revealed as an investor in the Silicon Valley-based startup in September, along with competitor Mastercard.

By Anna Hrushka • Jan. 13, 2020

Dropping 'digital' from digital banking: 5 trends for 2020

Tech companies that want to bank could have a breakout year. Meanwhile, businesses will continue to go paperless, people cashless, and banking-as-a-service will court greater buy-in, a Mastercard executive writes.

By Jeff Hindle • Jan. 13, 2020

Mastercard app to show loyalty rewards in augmented reality

Tapping on a digital rendering of golf clubs will open a pop-up that explains how cardholders can access a program to book tee times at resorts and room upgrades at hotels.

By Robert Williams • Jan. 10, 2020

Chase raises Sapphire Reserve annual fee to $550, adds Lyft, DoorDash perks

The changes bring the card closer to its competitor, American Express Platinum, which already charges a $550 annual fee and gives certain dining and ride-share credits.

By Anna Hrushka • Jan. 8, 2020

Mastercard adds brand melody to original pop song

The full-length single, which debuted Wednesday during a performance at the Consumer Electronics Show in Las Vegas, will appear on a "Priceless" album slated for release this year.

By Dianna Christie • Jan. 8, 2020

Visa, Mastercard hold fast to gas stations' chip-card deadline

Fuel retailers were given an extra five years to upgrade to EMV technology, but 70% of convenience store owners in a survey said they still haven't done so.

By Dan Ennis • Jan. 8, 2020

Banks to tighten third-party data access in 2020, experts say

Following recent moves by PNC and JPMorgan Chase, expect to see a "snowball effect" as financial institutions aim to boost security and control of personal information.

By Anna Hrushka • Jan. 7, 2020

Federal Reserve probes disruption of ACH payment network

It remains unclear how many banks were affected by processing delays over two days in mid-December. The cause was not immediately apparent.

By Dan Ennis • Dec. 20, 2019

Green Dot CEO Steve Streit stepping down Dec. 31 amid C-suite shakeup

The share price at the legacy prepaid-card company has plummeted 60% since May, but the longtime leader expressed a reluctance to let go at a panel discussion this fall.

By Dan Ennis • Dec. 19, 2019

PNC directs customers to Zelle after security upgrade blocks Venmo

Although many banks and fintechs have found ways to work together, the Venmo-PNC tiff is an example of how access to customers' financial data can become a point of friction.

By Anna Hrushka • Dec. 16, 2019

PayPal sues CFPB, saying prepaid rule sows confusion

The rule lumps digital wallets under the same umbrella as reloadable cards and forces customers to receive a fee disclosure that may ultimately slow PayPal's growth, the P2P company says.

By Dan Ennis • Dec. 13, 2019

JPMorgan blockchain network may draw more than 80 Japanese banks

The U.S.'s largest bank had said it wanted the platform to accrue 400 members by year's end.

By Dan Ennis • Dec. 10, 2019

Disruption of the Year: P2P payments

Fintechs have revolutionized the peer-to-peer landscape, causing banks to reevaluate their existing payment systems.

By Anna Hrushka • Dec. 9, 2019

Company of the Year: Mastercard

The world's second-leading payment network is pivoting away from its five-decade bread and butter — and showing its future lies not in cards but in partnerships.

By Dan Ennis • Dec. 9, 2019

The Banking Dive Awards for 2019

From Jamie Dimon to Mastercard, these are the companies and executives that shaped banking this year.

Dec. 9, 2019