Kate Fitzgerald is an Arizona-based senior editor for American Banker and longtime payments reporter. Fitzgerald began her journalism career at the San Diego Tribune, and has worked as a reporter and editor at several other publications, including Advertising Age and the Arizona Republic. She is a graduate of Lewis & Clark College and holds a master’s degree from Northwestern University’s Medill School of Journalism.
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Synthetic-ID scammers can use the same techniques they honed for stealing from banks to target consumers facing economic hardships.
November 14 -
Atlanticus is testing a debit card that converts to a credit card within three months if customers demonstrate financial responsibility.
November 8 -
Winona Nava, who is retiring next year, took over Guadalupe Credit Union in 1991 when it had dwindled to just above $10 million of assets. Nava's immigrant-friendly policies led some staffers to resign in protest, but that didn't discourage her. "Everyone deserves to be treated with respect and dignity," she said.
November 7 -
In a departure from its decadelong strategy of embedding itself directly in merchants' checkouts — and a bid to add value — PayPal is launching support for Apple Pay and Apple's Tap to Pay.
November 4 -
Law enforcement's recent crackdown on shady operators paved the way for Amazon to bring broader scale and transparency to the lucrative market of lending to merchants.
November 1 -
The credit card issuer is still dealing with the effects of a technical glitch in July that affected customer payment rates. But card sales rose in the most recent quarter, and the company is bullish about its positioning in the buy now/pay later market.
October 27 -
"Right now, we are seeing nothing but stability," Visa CEO Al Kelly said. But the card network is hedging its bets against a broad downturn by diversifying its opportunities and accelerating new use cases and markets for direct debit payments.
October 26 -
Buoyed by robust lending through the third quarter, Discover Financial Services has tightened lending criteria slightly but expects charge-offs to remain low. However, inflation meant this growth has come at a higher cost in recent quarters.
October 25 -
The digital card-issuing company Marqeta will offer bank-as-a-service options to nonbanks; Cross River Bank teams with American Express for card issuing on behalf of fintechs; and a Discover Global Network study reveals 78% of fintechs are interested in partnering with payment networks.
October 24 -
A New Hampshire bank recently rolled out the nation's first biodegradable debit cards, Bank of America next year will begin making all credit and debit cards more environmentally friendly and one of the biggest global card manufacturers vows to eliminate all traditional plastic cards by 2030.
October 24
