Technology

  • 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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    CFPB issues final rule on open banking

    In a change from last year’s proposal, payment apps are included under the rule. Financial institutions with less than $850 million in assets are exempt.

    By Dan Ennis • Oct. 22, 2024
  • Stripe CEO Patrick Collison
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    Matt Winkelmeyer via Getty Images
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    Stripe to buy stablecoin company Bridge for reported $1.1 billion

    The CEOs for Stripe and Bridge confirmed the news on the social media platform X on Monday, but offered few details on the deal.

    By • Oct. 21, 2024
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    kentoh via Getty Images
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    Trendline

    Digital wallets proliferate as features advance

    As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

    By Payments Dive staff
  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    Fiserv may grab competitive edge with new bank charter

    The payments processor can undercut rivals on price because it won’t be paying bank fees, say industry consultants.

    By • Oct. 21, 2024
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    Permission granted by Dave
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    Employees who lean on EWA face increased fees

    Many employees who use earned wage access services are high-frequency customers who end up with higher overdraft costs, said a Center for Responsible Lending report.

    By Tatiana Walk-Morris • Oct. 18, 2024
  • Apple introduces tap to pay on iPhone.
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    Courtesy of Apple
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    Apple, Klarna collaborate on BNPL

    The tech giant has linked with the Swedish buy now, pay later provider to offer Apple Pay customers in the U.S. and U.K. another payment option.

    By • Oct. 18, 2024
  • Hand with phone showing Visa card image passes a hand holding another phone
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    Courtesy of Megan Cheung
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    Visa taps AI analytics partner to add merchant services

    The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.

    By • Oct. 16, 2024
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    Courtesy of Mastercard
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    Payments players tap M&A to build tech stacks

    The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.

    By Shefali Kapadia • Oct. 16, 2024
  • Hand with a stack of hundred US dollars bills, close up
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    Vadym Petrochenko via Getty Images
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    Payments investments rise worldwide

    Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.

    By • Oct. 15, 2024
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    Moowan Photo via Getty Images
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    Worldpay taps Aeropay for gaming payments assist

    The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

    By • Oct. 14, 2024
  • Treasury Department Undersecretary Nellie Liang
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    Win McNamee via Getty Images
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    Treasury official calls for new regulatory framework

    The department’s undersecretary for domestic finance, Nellie Liang, suggested state oversight of money transmitters was outdated in an era of electronic payments.

    By • Oct. 11, 2024
  • A sign is posted in front of Nvidia headquarters on February 22, 2023 in Santa Clara, California.
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    Justin Sullivan / Staff via Getty Images
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    Stripe partners with Nvidia, Pepsi and Rivian

    The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.

    By • Oct. 11, 2024
  • A photo of a person using a Grabango machine to check out.
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    Courtesy of Grabanco
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    Automated-checkout company Grabango shuts down

    The tech company was unable to secure the funding needed to continue operating, a spokesperson said.

    By Brett Dworski , Jeff Wells • Oct. 11, 2024
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek
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    Toast increases processing fees, adds surcharge feature

    The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.

    By • Oct. 9, 2024
  • A person pays in a restaurant
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    Creative via Getty Images
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    Global Payments embarks on ‘transition’ year

    The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.

    By • Oct. 9, 2024
  • Money moving through cyberspace.
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    Viorika via Getty Images
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    MoneyGram attack exposed sensitive customer data

    The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.

    By Matt Kapko • Oct. 9, 2024
  • A female doctor and senior patient discuss medical records.
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    SDI Productions via Getty Images
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    Opinion

    Healthcare’s paper check disease

    “The persistence of paper checks for patient refunds is not just an inconvenience — it's a symptom of a larger problem that threatens the very sustainability of healthcare organizations,” one software firm CFO writes in this opinion piece.

    By Seton Marshall • Oct. 8, 2024
  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    Fiserv teams with Canadian company on open banking

    Fiserv has allowed Zūm Rails to use its embedded finance system to bring open banking and instant payments to Fiserv’s U.S. business customers.

    By • Oct. 7, 2024
  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    Real-time payments to make uneven progress, report predicts

    The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.

    By • Oct. 7, 2024
  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv nets special banking charter in Georgia

    The payments processor is only the second company to win the special bank charter since Georgia made it available.

    By • Oct. 4, 2024
  • A picture of an Uber Mastercard
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    Courtesy of Uber
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    Mastercard to buy Minna Technologies

    The card network will acquire the Swedish business in a bid to provide consumers with a centralized hub for managing their subscriptions.

    By Tatiana Walk-Morris • Oct. 2, 2024
  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    P2P payments tools lack transparency, consumer group says

    Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

    By • Oct. 2, 2024
  • A scene with people standing at colorful booths at the Nacha Faster Smarter Payments conference in Miami in 2024.
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    Lynne Marek/Payments Dive
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    Payments conferences to keep on your radar for 2025

    Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.

    By Shefali Kapadia • Oct. 1, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm may offer discounts after Fed interest rate cut

    The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.

    By • Oct. 1, 2024
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    Permission granted by Andy Gerit
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    Visa to buy cybersecurity firm Featurespace

    The cybersecurity acquisition is the latest move in a race by card networks to meet their clients’ needs in keeping up with fraud threats.

    By • Sept. 26, 2024
  • MoneyGram telephone sits on store counter.
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    Retrieved from Lynne Marek on March 04, 2022
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    Moneygram faces backlog after outage

    The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.

    By • Sept. 26, 2024