Becoming Amazon’s strategic payments partner in the US, Canada, and Europe can help Stripe bolster its processing business.
Revolut’s new top-tier subscription plan for customers could help boost engagement, widen profits, and make cross-selling easier.
Last year, fintech funding almost halved from 2021, but early-stage startups seeking modest raises look to be in a stronger position.
They pay more overdraft and credit card fees than other demographics. The CFPB’s overdraft crackdown could help—or hurt.
Major banks are jointly developing a digital wallet to fend off competitors. But the execution must be flawless to succeed.
Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal—but there’s one catch.
Payment startups might be better off cutting costs and scaling back expansion plans until the funding climate improves.
The bank proactively identified the mishaps and avoided a penalty, but its violations show that even the basics can go wrong.
Complex sanctions, elaborate money laundering schemes, and powerful tech give financial criminals an upper hand.
On today's episode, we focus on how banks will innovate in 2023. In our “Headlines” segment, we discuss recent articles about what roles banks are hiring for and how banks will support open finance. In “Story by Numbers,” you’ll hear about key numbers that highlight digital innovation priorities. And in “Pretend CEO”—or in this case, “Pretend CDO”—our guest pretends he is interviewing to be the head of digital at a major banking institution in order to describe the innovation challenges facing the industry. Join the conversation with host Rob Rubin and our analyst Tyler Brown.
This year, card-not-present (CNP) fraud will account for $9.49 billion in loss, up 8.5% over last year, according to our data. CNP will make up 73.0% of card payment fraud loss this year, up from 57.0% in 2019.