Category: Finance

Dive Brief: Contrary to concerns about rising prices, more than half (52%) of Americans said they felt optimistic about their household finances for the upcoming year, TransUnion reported in a fourth-quarter consumer survey. That was about the same as the previous quarter. On the other hand, more than a quarter (26%) said they were pessimistic about […]

Fiserv hired “thousands” of employees globally this year, even as others were cut from the payments technology company because they were unwilling to relocate, the company’s CEO said in an interview with Payments Dive. “We did not let people go this year, other than we hired thousands of people in new locations, and other people didn’t […]

Republicans on the House Financial Services Committee said Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra can expect stricter oversight of the CFPB under next Congress’s GOP-lead House, as Republicans continue their campaign to rein in an agency they claim lacks transparency and accountability. “You can look forward to a few more of these invitations […]

Dive Brief: Convenience store chain Sunshine Gasoline Distributors has upgraded its mobile app, now allowing customers to pay for gas from their mobile phones, according to a Dec. 13 press release. The Florida-based chain is partnering with marketing technology company Liquid Barcodes to allow gas purchases via automated clearing house (ACH) payments at the chain’s […]

Fidelity National Information Services, known as FIS, said it’s undertaking a “comprehensive” review of operations, alongside installing a new CEO earlier than expected, after discussions with two investment firm shareholders. FIS “initiated a comprehensive assessment of the Company’s strategy, businesses, operations and structure with the goal of positioning the Company to drive stronger results, increase […]

Delinquencies and charge-offs continue to worsen for major credit card issuers, as consumers battle higher prices and unemployment creeps up. Discover Financial Services and Synchrony Financial this week each reported increases in delinquencies and charge-offs. Although net charge-off rates have stayed low amid the pandemic, “there are signs of cracks emerging,” Bank of America equity […]

Dive Brief: Chime offered to buy earned wage access startup DailyPay twice this year, first for $1.6 billion and then for $2 billion, and was rejected twice, The Information reported Thursday, citing sources familiar with the matter. The neobank’s first offer, which it put forth in May, comprised $300 million in cash, $1.2 billion in […]

While some payments companies, including Stripe, Brex, Fidelity National Information Services and Klarna, have grabbed headlines with big job cuts, other payments players, including Wise, VizyPay and Papaya Global, are pressing ahead with big plans for hiring in 2023, despite the threatening economic forecasts. The cross-border payments company Wise plans to add 250 U.S. employees in […]

The Federal Reserve and the Federal Deposit Insurance Corp. (FDIC) identified two deficiencies the 2021 resolution plan submitted by Credit Suisse and a shortcoming in the plan laid out by BNP Paribas, the regulators said Friday. Credit Suisse has until May 31 to submit a revised living will that addresses governance weaknesses in the bank’s […]

Taxes are our largest ongoing liability. As a result, it behooves us to optimize our taxes as much as possible. This post will discuss all the smart money-saving tax moves to make by year-end. After fake retiring in 2012, my desire to maximum my income went away. Instead, I wanted to shield as much income from […]