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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Reacting to a sharp uptick in charge-offs, Synchrony more than doubled its provision for credit losses during the first quarter to account for further shocks along with healthy loan-portfolio growth as more consumers revolve credit card balances.
April 19 -
Ryan Reynolds bets on Canadian fintech, Virgin Money expands its offerings, and more.
April 19 -
Supermarket chain Kroger refused to accept Apple Pay and similar options in stores for nine years. It's changed its mind — but Walmart, Home Depot and Lowe's remain holdouts.
April 17 -
Early Warning Services' peer-to-peer transfer service drove $180 billion in funds transfers during the first quarter of 2023, up 31% over the same period last year.
April 17 -
The boutique fitness industry is seeing strong growth, powered by a mix of payment tech and software that enables studio owners to accept onsite and remote transactions via mobile apps, QR codes and online.
April 13 -
Betting the road to mass adoption of faster payments won't be smooth, the data technology company's new head of payments is rolling out products to fill potholes between slower and faster payments systems.
April 13 -
Bank of England seeks CBDC experts, BNP Paribas' bonus pool gets larger and more
April 12 -
Marqeta's new CEO faces steep challenges in dismantling the fintech's heavy dependence on Square and finding alternative sources of revenue as consumer spending slows.
April 11 -
The card network vows to make all of its new cards from recycled plastic by 2028, but even the most ardent digital-first card issuers have met obstacles in finding affordable alternatives to using virgin plastic.
April 6 -
PhonePe backs away from a buy now/pay later acquisition, Germany fines EY for Wirecard scandal, and more.
April 5 -
JPMorgan Chase, Wells Fargo and Mastercard will extend Hello Alice's do-it-yourself "business health" score to entrepreneurs looking to improve their creditworthiness.
April 5 -
Responding to growing competition for merchants' loyalty, PayPal has enabled its small-business customers to accept Apple's mobile wallet, along with other features previously only available to large enterprises.
April 4 -
Pinwheel, which automates the setup of direct deposit at new accounts, endured a brief and unexpected surge in traffic during mid-March's bank runs.
April 3 -
By integrating its new installment product with its widely popular mobile wallet, Apple is more likely to capitalize on spending data than to focus on creating a large loan portfolio.
March 29 -
Klarna adds chatGPT, BNP Paribas outsources to the Nordics, Mastercard teams with a French fintech and more.
March 29 -
Despite the shift to digital payments, higher prices are bringing some people back to paper bills to manage their finances.
March 28 -
Early Warning Services' upcoming bank wallet will go live in June with certain merchants, supported by EWS's seven large-banks owners, representing 150 million Visa and Mastercard accounts.
March 27 -
Early Warning Services is poised to unveil the name of its new bank wallet, hoping to repeat the branding success of its peer-to-peer payments app.
March 23 -
U.K. regulators warn payment companies, Goldman Sachs invests in Saudi fintech, and more.
March 22 -
Retailers are increasingly working with banks to implement loyalty programs that keep the merchant in control — but which still encourage spending from a specific bank account.
March 21
