Category: Finance

Dive Brief: When Visa CEO Ryan McInerney took the top job on Feb. 1 as part of a previously announced succession plan, his salary increased to $1.4 million, according to a regulatory disclosure on the same day. That salary was 27% higher than the $1.1 million he earned in 2022, according to Visa’s most recent proxy filing. […]

Truist laid off dozens of employees in its investment-banking division in late January, Bloomberg reported Tuesday, citing people familiar with the matter. The cuts encompass roughly 5% of the unit, the wire service reported. “Truist continues to assess and adjust the size of our workforce on an ongoing basis,” bank spokesman Kyle Tarrance told Bloomberg […]

Dive Brief: A surge in job openings last month underscores that the Federal Reserve will need to further raise interest rates and that curbing inflation will demand more time and cooling in the labor market than expected, Fed Chair Jerome Powell said Tuesday. “We have a significant road ahead to get inflation down to 2%,” […]

Monday stood as banking and investing platform Stash’s first day with its newly minted CEO, Liza Landsman, in place, as the company prepares for a new growth phase and builds business-to-business product offerings. Landsman, named to the role last week, was most recently general partner at venture capital firm New Enterprise Associates and has held leadership […]

A woman who spent the night in jail after an issue with a $600 ATM deposit is suing Lakeland, Florida-based MidFlorida Credit Union over alleged racial discrimination and intentional infliction of emotional distress. While the lawsuit alleges that a regional manager from MidFlorida followed up after the arrest to say that the credit union handled the […]

Crypto exchange Gemini will contribute $100 million in cash to a recovery plan for the bankrupt crypto lender Genesis Global Capital and its parent company, Digital Currency Group, the lender’s lawyers said in a court hearing Monday. Gemini, founded by twins Cameron and Tyler Winklevoss, said it would keep aside the funds for users of its […]

Dive Brief: Instacart announced Monday the launch of its Scan & Pay solution at Foodcellar Market, a two-store grocer in New York City.  This marks the retail debut for Instacart’s Scan & Pay system, which is part of the company’s Connected Stores suite of solutions for retailers that Instacart announced in September.  The debut of […]

Dive Brief: In December, payments processor Fiserv purchased independent sales organization Miami Beach, Florida-based Merchant One, Inc., which markets to merchants in the restaurant, retail and e-commerce arenas, the company announced Tuesday. “Folding in this long-term Fiserv customer” should “enhance our direct merchant acquisition capabilities, extend the reach of our Clover product line and create cost […]

Dive Brief: In an expansion of its ties to Google, card company American Express added a new app security feature this week for users of Amex’s virtual cards in the U.S., according to a blog post Tuesday by the tech giant. The new arrangement was initially announced last year as part of a broader Google campaign. […]

Chris Ryan is a senior fraud solutions business consultant at the credit bureau Experian. When online retailers review their sales figures for the 2022 holiday shopping season, one question will take center stage: How much revenue was lost because good shoppers were turned away? When poor identification practices fail to verify shoppers’ identities adequately, retailers […]