Technology


  • Image attribution tooltip
    Pierre Crom via Getty Images

    Small businesses count on digital payments to drive growth

    Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.

    By Jan. 13, 2022
  • Image attribution tooltip
    Chip Somodevilla via Getty Images

    Powell says Fed paper on CBDC is weeks away

    The oft-delayed digital currency white paper is coming "within weeks," Powell said Tuesday, but is "an exercise in asking questions and seeking input ... rather than taking a lot of positions."

    By Dan Ennis • Jan. 13, 2022
  • Image attribution tooltip
    Permission granted by Accrue Savings

    Save-now, buy-later startup raises $25M

    Amid the buy now-pay later buzz, fintech Accrue Savings is going a different route. CEO Michael Hershfield said Accrue is on a mission to encourage consumers to save.

    By Jan. 13, 2022
  • Image attribution tooltip
    Justin Sullivan via Getty Images

    Is there an expiration date on Visa's main growth engine?

    One analyst thinks so. Mizuho Securities Analyst Dan Dolev, who has been covering Visa for about three years, downgraded his rating on the largest U.S. card network company because he expects time is running out on consumers converting from cash to cards.

    By Jan. 11, 2022
  • Image attribution tooltip
    Permission granted by Levy

    Payments firms see slam dunk opportunity with sports venues

    Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.

    By Jan. 10, 2022
  • Image attribution tooltip
    Permission granted by Electronic Transactions Association

    Crypto, privacy lead legislative priorities for payment trade group

    The Electronic Transactions Association said legislative moves related to those issues will be among the most important it's tracking this year at the state and federal government levels.

    By Jan. 7, 2022
  • Image attribution tooltip
    Retrieved from Ono Kosuki from Pexels.

    ATMs headed the way of the payphone

    As cash use declines, ATMs are disappearing. The U.S. count for such automated tellers peaked in 2019 and is headed down, according to data from the research firm Euromonitor International.

    By Jan. 7, 2022
  • Image attribution tooltip
    Zhanna Hapanovich via Getty Images

    Payments deals pile up in 2021

    More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.

    By Jan. 5, 2022
  • Image attribution tooltip

    stock.adobe.com./Antonioguillem

    Opinion

    Payments are becoming invisible. Here's why that's a good thing.

    "The next great evolution will see payments fully disappear into simplified, holistic commerce platforms," according to a U.S. Bank payments executive. That new era "will be here faster than you think."

    By Shailesh Kotwal • Jan. 4, 2022
  • Image attribution tooltip
    Tero Vesalainen via Getty Images

    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

    By , , Jan. 4, 2022
  • Image attribution tooltip
    Justin Sullivan via Getty Images

    Green Dot, PayPal helped recover $400M in stolen relief funds

    Criminals have swindled nearly $100 billion through fraudulent applications since the start of the pandemic in the U.S., the agency said. Some payment companies aided in the effort to recover the money, CNBC reported.

    By Robin Bradley • Dec. 30, 2021
  • Image attribution tooltip
    choness via Getty Images

    Payments firms raised record sums in 2021

    It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.

    By Dec. 28, 2021
  • Mastercard buys AI firm Dynamic Yield from McDonald's

    Combining Mastercard's payment expertise and Dynamic Yield's AI capabilities could help McDonald's strengthen its digital ordering strategy, as the fast-food chain pivots toward outsourcing its technology. The card company may benefit from further scaling the Yield AI business across other industries.

    By Emma Liem Beckett • Dec. 21, 2021
  • Image attribution tooltip
    Courtesy of Tricia Harte

    BNPL growth prompts change from credit bureaus

    Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.

    By Dec. 20, 2021
  • Image attribution tooltip
    Delmaine Donson via Getty Images

    Community banks form payments network to compete with Zelle: report

    Community bank innovation consortium Alloy Labs Alliance will manage the network in partnership with Payrailz, a digital payments company, Forbes reported. 

    By Anna Hrushka • Dec. 20, 2021
  • Image attribution tooltip
    VioletaStoimenova via Getty Images

    Bankers group presses CFPB to expand tech probe

    Independent Community Bankers of America is urging the Consumer Financial Protection Bureau to sweep data aggregators into its inquiry into the practices of payment tech companies.

    By Dec. 20, 2021
  • Image attribution tooltip
    scyther5 via Getty Images

    Payhawk plans 2022 New York office opening

    The Sofia-based company raised more than $130 million this year, arming it to take on U.S. rivals in providing business clients with payments management tools.

    By Ted Jackson • Dec. 17, 2021
  • Image attribution tooltip
    Courtesy of Klarna

    Feds increase scrutiny of buy now-pay later

    The Consumer Financial Protection Bureau is concerned about consumers taking on too much debt, and about BNPL providers evading laws. As a result, it's demanding information from five of the biggest players in the emerging industry.

    By , , Dec. 16, 2021
  • Image attribution tooltip
    Astrid Stawiarz via Getty Images

    Klarna extends BNPL to all online retailers

    After acquiring the Dutch marketing software company Piggy, the Swedish buy now-pay later company is folding automatic couponing and price drop notifications into its offering and expanding the reach of its services.

    By Tatiana Walk-Morris • Dec. 15, 2021
  • Image attribution tooltip
    ViewApart via Getty Images

    Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.

    Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.

    By Maria Monteros • Dec. 15, 2021
  • Image attribution tooltip
    Retrieved from Flickr/frankieleon.

    Card industry faces $400B in fraud losses over next decade, Nilson says

    Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.

    By Dec. 14, 2021
  • Image attribution tooltip
    yalcinsonat1 via Getty Images

    Corcentric to grow through SPAC

    Payments technology company Corcentric aims to grow, including internationally, by way of a merger with a special purpose acquisition company that will raise capital and take the business public.

    By Dec. 13, 2021
  • Image attribution tooltip

    alamy.com/Westend61 GmbH

     

    Sponsored by Cybersource

    Three payments "resolutions" that no company can afford to skip

    Learn the three payments "resolutions" that every company must make to ensure their customers never face a moment of friction at the check-out screen.

    Dec. 13, 2021
  • Image attribution tooltip
    Megan Quinn/Payments Dive

    Crypto execs urge regulation tailored to risks

    They told lawmakers at a Wednesday hearing on Capitol Hill that nothing short of U.S. leadership in the field of digital assets is at stake.

    By Dan Ennis • Dec. 10, 2021
  • Image attribution tooltip
    Rebecca Pifer/Payments Dive

    Fintech firms lock arms for new standard

    Digital finance company Plaid is leading a group of fintechs, data security companies and compliance firms in developing a new standard to protect confidential consumer data from hackers.

    By Dec. 9, 2021