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Amazon makes a subscription play
The giant digital retailer has created a new payment flow connected to groceries.
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Real-time consumer payments need standards to rise
To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.
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FTC sues Doxo over deceptive ads, junk fees
After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.
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NRF objects to Visa-Mastercard settlement
The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.
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Fed seeks 8,000 financial institutions for FedNow
About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.
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How Love’s is remaking stores and checkout
The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.
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Opinion
Why financial institutions should embrace ISO 20022
Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.
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Synapse signs deal with TabaPay, files for bankruptcy
TabaPay set a purchase price of $9.7 million to acquire Synapse's assets — a deal that is pending bankruptcy court approval.
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EWA providers hail new Kansas law
Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.
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FedNow pricing aimed at avoiding market disruption
The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.
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Walmart removes self-checkout from select stores
The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.
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Visa debit card volume growth keeps sliding
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
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Klarna expands reach with Uber partnership
The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.
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Walmart offers a new BNPL option: report
The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.
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Fiserv rises on international, government sales
The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.
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Ramp may target US startups this year: report
After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.
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Video game industry preps for oversight
The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.
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Fed courts nonbanks for FedNow growth
The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.
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Codat seeks to topple check fraud with virtual card adoption
JPMorgan Chase is an early user of Codat’s Supplier Enablement product, which launched last week.
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Amex endures slow return of SMB demand
Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year.
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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.
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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.
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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.
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Klarna overhauls credit card features
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
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Discover adds $799M to bolster reserves
The card network opted to increase the card misclassification remediation reserve, based in part on discussions with regulators, executives said Thursday.