Technology: Page 2
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Amazon defends ‘Just Walk Out’ pullback
The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.
By James Pothen • April 19, 2024 -
Accounts receivable automator Versapay taps new CFO
Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.
By Maura Webber Sadovi • April 19, 2024 -
Trendline
Real-time payments are on the rise
As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.
By Payments Dive staff -
House committee advances EWA bill
The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers.
By James Pothen • April 18, 2024 -
Fed keeps up CBDC research
Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.
By Lynne Marek • April 17, 2024 -
Steak ‘n Shake installs facial recognition at self-ordering kiosks
The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.
By Julie Littman • April 16, 2024 -
CFPB notes ‘growing financialization’ of medical, rental payments
The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors, according to General Counsel Seth Frotman.
By James Pothen • April 16, 2024 -
Sponsored by Pipe
Can embedded finance solve one of payments’ biggest problems?
As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?
By CEO Luke Voiles • April 16, 2024 -
FlexWage wins Vermont EWA carve-out
Earned wage access provider FlexWage has received leeway from the Vermont Department of Financial Regulation to operate in the state without a lender or money transmitter license.
By Lynne Marek • April 15, 2024 -
US, Europe lock arms on payments regulation
U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.
By Lynne Marek • April 15, 2024 -
Sponsored by Lithic
What card issuers need to know about 3DS
Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.
April 15, 2024 -
Q&A
Gen Z clings to new payment tools
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
By Lynne Marek • April 12, 2024 -
Deep Dive
Why more tech in stores shouldn’t mean fewer workers
Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.
By Daphne Howland • April 11, 2024 -
EWA providers seek to steer state legislation
Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.
By Lynne Marek • April 11, 2024 -
Capital One’s Discover bid tops biggest Q1 tech-related deals
The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.
By Alexei Alexis • April 10, 2024 -
CFPB, DOJ boost teamwork on cases
The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.
By James Pothen • April 9, 2024 -
Amazon debuts app for palm payment
The Amazon One app can be used to enter various locations, identify individuals, pay for items and access loyalty rewards.
By Xanayra Marin-Lopez • April 7, 2024 -
Whole Foods to pull Amazon’s Just Walk Out technology from stores
The specialty grocer, which operates the checkout tech at just two stores, will follow the same path as Amazon Fresh stores in the U.S., a spokesperson confirmed Friday.
By Peyton Bigora • April 5, 2024 -
Virtual marketplaces risk real losses: CFPB
Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.
By James Pothen • April 5, 2024 -
Opinion
EWA shouldn’t be regulated like loans
“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.
By Darcy Tuer • April 5, 2024 -
Fiserv to let Brazilians use Pix in US
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
By Lynne Marek • April 4, 2024 -
NY Fed enters cross-border tokenization effort
The central bank will join six other central banks in exploring blockchain technology to speed up international payments.
By James Pothen • April 4, 2024 -
PayPal pursues pricing power
The digital payments pioneer aims to increase pricing for its services to boost profitable growth under a new management team.
By Lynne Marek • April 3, 2024 -
Amazon to drop ‘just walk out’ at some grocery stores
The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.
By James Pothen • April 2, 2024 -
Nuvei goes private in stock sale to Advent
The sale of the Canadian payments processor’s stock to the private equity firm will hand some investors a $560 million windfall.
By Lynne Marek • April 2, 2024 -
Deep Dive
Fiserv has ambitious goals for Clover. Can it meet them?
To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.
By Caitlin Mullen • April 1, 2024