Technology


  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    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 April 17, 2024
  • Kiosks with biometric cameras at Steak n Shake
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    Permission granted by Steak n Shake
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    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
  • Image of a grocery cart floating over a laptop keyboard Explore the Trendline
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    toeytoey2530 via Getty Images
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    Trendline

    E-commerce drives digital payment advances

    As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

    By Payments Dive staff
  • woman hand counting expenses with smart phone and credit cards
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    Doucefleur via Getty Images
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    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 April 16, 2024
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    Stocksy/Serena Burroughs 

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    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
  • An Uber driver on a red moped delivers items to a customer.
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    Permission granted by Uber Health
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    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 April 15, 2024
  • U.S. European Commission flags
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    E4C via Getty Images
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    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 April 15, 2024
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    Pexels/Antoni Shkraba

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    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
  • A picture of a person in a store looking at a mobile phone.
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    Permission granted by PDI Technologies
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    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 April 12, 2024
  • A woman puts clothing into an RFID self-checkout kiosk
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    Thai Liang Lim via Getty Images
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    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
  • Kansas state capitol
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    Ray Tan via Getty Images
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    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 April 11, 2024
  • Exterior front rendering of Discover Financial Services' Chatham Customer Care Center in Chicago, Illinois.
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    Permission granted by Discover
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    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
  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    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 April 9, 2024
  • A woman uses her palm to show credentials for an access control point.
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    Courtesy of Amazon Web Services
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    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
  • Exterior of the Whole Foods Market in the Glover Park neighborhood of Washington, D.C.
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    Courtesy of Whole Foods Market
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    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
  • 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
  • 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
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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