Technology: Page 3

  • Consumer Financial Protection Bureau Director Rohit Chopra testifies before the Senate Banking, Housing and Urban Affairs Committee April 26, 2022 in Washington, DC.
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    Win McNamee via Getty Images
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    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 • April 5, 2024
  • A bicycle delivery person in a city checking an address on a mobile app.
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    South_agency/E+ via Getty Images
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    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
  • Money next to hourglass Explore the Trendlineâž”
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    busracavus via Getty Images
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    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
  • Girl Walking on Street with Brazilian Flag on Wall
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    Photo by Bia Santana from Pexels.

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    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 • April 4, 2024
  • Federal Reserve building at night
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    Alex Wong via Getty Images
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    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 • April 4, 2024
  • PayPal headquarters building in San Jose
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    Justin Sullivan via Getty Images
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    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 • April 3, 2024
  • The produce department at Amazon Fresh in Woodland Hills, California.
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    Jeff Wells/Payments Dive
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    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 • April 2, 2024
  • Ryan Reynolds
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    Emma McIntyre via Getty Images
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    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 • April 2, 2024
  • A customer pays using a Clover device
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    Permission granted by Fiserv
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    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
  • transfer pricing tax
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    Suriyapong Thongsawang via Getty Images
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    CFPB warns remittance firms about false ads

    The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.

    By Tatiana Walk-Morris • March 29, 2024
  • antitrust enforcement
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    Scott Barbour via Getty Images
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    Private plaintiffs follow DOJ’s Apple antitrust case

    The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.

    By Robert Freedman • March 27, 2024
  • Elon Musk at NYT Summit
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    Michael M. Santiago via Getty Images
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    X lands money licenses in Illinois, New Mexico

    The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

    By • March 27, 2024
  • A woman holding a smartphone walks past a gray wall with an apple logo on a black sign.
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    Sean Gallup via Getty Images
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    DOJ calls Apple card fees ‘significant expense’ for banks

    The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.

    By • March 26, 2024
  • JPMorgan Chase sign in front of building in street level view.
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    Chris Hondros via Getty Images
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    JPMorgan seeks embedded payments niches

    The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

    By • March 25, 2024
  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images
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    How Visa handled ‘BidenCash’ card fraud incident

    The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

    By Tatiana Walk-Morris and Lynne Marek • March 25, 2024
  • Businessmen use Bitcoin to lure others into a trap
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    wenjin chen via Getty Images
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    Crypto fraud losses rose to $3.9B in 2023, a 53% yoy increase: FBI

    SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

    By Vincent Ryan • March 25, 2024
  • The Wisconsin State Capitol dome reflecting in a steel and glass building
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    YangYin via Getty Images
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    Wisconsin passes EWA law as states’ paths diverge

    Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.

    By • March 22, 2024
  • Closeup shot of a woman paying using NFC technology in a cafe
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    Cecilie Arcurs via Getty Images
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    Digital wallets to overtake debit cards in stores: report

    Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.

    By • March 22, 2024
  • A man standing in front of a black background with the outline of the Apple logo
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    Justin Sullivan via Getty Images
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    DOJ sues Apple over antitrust violations

    The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.”

    By • March 21, 2024
  • Screenshots of Amazon mobile app showing how to add venmo as payment option.
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    Courtesy of Amazon
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    Column

    PayPal’s new CEO takes the Venmo challenge

    PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.

    By • March 21, 2024
  • A mailbox is overflowing.
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    ANGEL RAMIREZ/iStock via Getty Images
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    ABA, U.S. Postal Services jointly combat check fraud

    American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.

    By Tatiana Walk-Morris • March 21, 2024
  • EU-US agreement
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    Justin Sullivan via Getty Images
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    Meta’s payment plays may pay off this year: report

    A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

    By • March 20, 2024
  • Dollar bills and finance and banking on digital stock market financial exchange
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    SARINYAPINNGAM via Getty Images
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    Clearing House’s ACH growth rate outstrips Fed

    Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.

    By • March 19, 2024
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    Courtesy of Mastercard
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    Mastercard extends tie to Alipay

    The card giant said the expanded partnership will let the Chinese digital wallet company’s 1 billion users send payments to 180 markets.

    By • March 19, 2024
  • Photo of actor-entrepreneur Ryan Reynolds
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    Courtesy of FuboTV
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    Nuvei forms committee to evaluate ‘strategic alternatives’

    The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.

    By • March 18, 2024
  • A woman using a mobile phone with online transaction appl
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    marchmeena29 via Getty Images
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    Marqeta CFO touts EWA expansion

    The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.

    By • March 18, 2024