Technology


  • A bicyclist rides by a sign at the Google headquarters March 10, 2010 in Mountain View, California.
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    Justin Sullivan / Staff via Getty Images
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    Google Pay app to be retired in US this year

    “To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.

    By Feb. 23, 2024
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    Brendon Thorne via Getty Images
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    PayPal finance exec jumps to Flywire CFO seat

    Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.

    By Maura Webber Sadovi • Feb. 23, 2024
  • Lock and credit card showing security theme Explore the Trendline
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    NatalyaBurova via Getty Images
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    Trendline

    Embedded payment tools make inroads

    Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

    By Payments Dive staff
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    Sam Silverstein/Payments Dive
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    Cash-strapped consumers turn to BNPL: Fed survey

    Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank. 

    By Tatiana Walk-Morris • Feb. 23, 2024
  • Affirm CEO Max Levchin
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    Kevin Dietsch / Staff via Getty Images
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    Affirm sheds workers

    The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

    By Feb. 22, 2024
  • OCC Acting Comptroller Michael Hsu testifies in front of the Senate Banking Committee on Aug. 3, 2021
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    Retrieved from Senate Banking Committee.
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    OCC’s Hsu calls for federal payments licensing

    The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

    By Feb. 22, 2024
  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    Warren probes Zelle scam policy

    Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.

    By Feb. 21, 2024
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC.
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    Chip Somodevilla via Getty Images
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    Cross-border payments remain focus for Fed

    Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

    By Feb. 20, 2024
  • PayPal logo in front of a glass building with shrubery in the foreground
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    Justin Sullivan via Getty Images
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    PayPal invests in AI startup Rasa

    The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.

    By Tatiana Walk-Morris • Feb. 20, 2024
  • Meta's sign at 1 Hacker Way, California.
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    Kelly Sullivan via Getty Images
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    Meta forces Apple fees on advertisers

    Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.

    By Feb. 16, 2024
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    Toast to cut 550 employees

    The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.

    By Feb. 16, 2024
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    Bet_Noire via Getty Images
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    Same-day payments drive ACH increase: Nacha

    Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.

    By Tatiana Walk-Morris • Feb. 15, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Global Payments may pare operations

    While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.

    By Feb. 15, 2024
  • The Apple logo is displayed on the exterior of an Apple Store.
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    Justin Sullivan / Staff via Getty Images
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    Apple extends prepaid debit card reach

    Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.

    By Feb. 15, 2024
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    Anna Hrushka/Payments Dive
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    Q&A

    Adyen eyes growth in North America

    Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.

    By Feb. 14, 2024
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    Courtesy of Bitcoin Depot
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    Bitcoin Depot expands footprint by 400 ATMs

    The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

    By Feb. 14, 2024
  • U.S. Treasury Secretary Janet Yellen testifies before the House Committee on Financial Services
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    Win McNamee via Getty Images
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    Yellen asks Congress for stablecoin legislation

    Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.”

    By Feb. 13, 2024
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    Justin Sullivan / Staff via Getty Images
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    Bill Holdings, Bank of America revamp contract

    The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.

    By Feb. 12, 2024
  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    Affirm takes cautious approach to six-month outlook

    The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.

    By Feb. 12, 2024
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    Q&A

    Banks should step up scam response: fraud expert

    With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

    By Feb. 9, 2024
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    Aeropay partners with Cross River, UBank on sports gaming payouts

    Digital payments provider Aeropay has lined up bank partners in an effort to facilitate faster access to winnings.

    By Gabrielle Saulsbery • Feb. 8, 2024
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    Opinion

    CFPB open banking proposal will be crucial

    The agency’s open banking proposal is a step in the right direction, but details of the policy will shape how the market develops, a regulatory adviser writes in this op-ed.

    By Jonah Crane • Feb. 8, 2024
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    Courtesy of Peterbilt
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    Fleet fintech ditches Visa for Mastercard

    Fuel card startup AtoB, with $112 million in financial backing, plans to take on dominant fleet service rivals Wex and Fleetcor.

    By Feb. 6, 2024
  • Xochitl Torres Small, Under Secretary for Rural Development, US Department of Agriculture speaks onstage during the 2022 Concordia Lexington Summit
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    Jon Cherry via Getty Images
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    USDA offers online payment tool for farm loan borrowers

    The new online option will give farmers and ranchers an alternative to making payments by phone, mail or visits to a USDA office.

    By Feb. 6, 2024
  • Frank Bisignano, Fiserv CEO
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    Fiserv lands Uber, eBay as debit network clients

    The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.

    By Feb. 6, 2024
  • Chief Executive Officer of Apple Tim Cook speaks onstage during Vox Media's 2022 Code Conference
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    Jerod Harris via Getty Images
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    Apple CEO pushes back on European regulation

    The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.

    By Feb. 5, 2024