Technology


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    JPMorgan hires exec from PayPal to head fintech partnerships

    Peggy Mangot joined the bank this month to lead a team responsible for designing and developing fintech partnership strategy at JPMorgan Chase's commercial bank.

    By Anna Hrushka • May 27, 2022
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    Alex Wong via Getty Images

    CBDC, stablecoins, commercial bank money can coexist, Brainard says

    The Federal Reserve vice chair, at a House Financial Services Committee hearing Thursday, also called for stricter regulation in the stablecoin space.

    By Robin Bradley • May 27, 2022
  • Trendline

    Digital payments surge has staying power

    Consumers changed their ways to get through the deadly COVID-19 pandemic, and that meant major modifications in payments. Contactless, frictionless and touchless were in, as consumers worked from home and shopped online. Industries across the board altered their payments tools in response and show no signs of reversing course.

    By Payments Dive staff
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    Sam Silverstein/Payments Dive

    Dollar General piloting self-checkout-only stores

    The test will involve about 200 of the discount retailer's 18,000-plus locations and run throughout 2022, Chief Operating Officer Jeff Owen said Thursday during an earnings call.

    By Sam Silverstein • May 27, 2022
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    hapabapa via Getty Images

    Adyen targets North America for growth

    Upstart Dutch payments processor Adyen is increasing its competition against FIS, Fiserv and Stripe on their home turf in the U.S.

    By May 27, 2022
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    da-kuk via Getty Images

    Crypto ad spend plummets as market crashes

    The cryptocurrency market downturn has led marketing spend in this sector to plunge, especially after unprecedented highs seen during Super Bowl LVI.

    By Sara Karlovitch • May 26, 2022
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    mixetto via Getty Images

    Weave teams with Sunbit for healthcare BNPL

    With Sunbit, Weave can now add BNPL to its other services that help small businesses collect customers’ payments, including text to pay, digital wallets, wireless terminals and credit-card on file.

    By Joseph Burns • May 26, 2022
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    Mark Wilson via Getty Images

    CBDC poses threat to banks, trade groups tell Fed

    A U.S. digital dollar would take $720 billion in deposits out of banks even if the central bank were to cap accounts at $5,000 per "end user," the American Bankers Association wrote in a letter.

    By Robin Bradley • May 25, 2022
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    Opinion

    CEOs Sound Off: BNPL takes aim at healthcare, legal costs

    Companies offering installment payment options for healthcare, legal and auto repair say that buy now-pay later options will satisfy growing consumer demand.

    By May 25, 2022
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    clikced it myself - Vaidik Trivedi

    Lower-income app users seek savings options

    Low- and moderate-income households in the U.S. say they want savings products in their digital payment apps, a survey by the nonprofit Commonwealth revealed.

    By May 25, 2022
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    Courtesy of Tag Heuer

    Tag Heuer accepts crypto as payment

    CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.

    By Dani James • May 24, 2022
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    Billtrust to stay on acquisition streak

    Billtrust, which focuses on the accounts receivable side of B2B payments, has acquired two European companies in recent months and plans to continue snapping up other firms.

    By May 24, 2022
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen

    Klarna revamps operations, cuts 700 employees

    Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.

    By May 24, 2022
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    Ian Waldie via Getty Images

    Big tech pushes passwordless for payments

    Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.

    By May 23, 2022
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    Courtesy of CashApp - Square

    SoundHound, Square launch tool for restaurant orders

    The voice app company SoundHound AI is rolling out a service for restaurants with Block's Square that answers phone calls, takes  orders, accepts modifications and sends confirmations to complete payments.

    By Alicia Kelso • May 19, 2022
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    Courtesy of Mastercard

    Mastercard to launch biometric checkout tool for retailers

    The company plans to try out facial recognition and hand-scanning technology in multiple countries.

    By Tatiana Walk-Morris • May 19, 2022
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    Kaarin Vembar/Payments Dive

    Amazon Fresh spearheads East Coast expansion

    The chain plans to open locations on Long Island and in the Garden State, expanding its use of the cashierless payment technology and hiring "hundreds" of workers.

    By Jeff Wells • May 19, 2022
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    Joe Raedle via Getty Images

    Block bets on bitcoin

    “We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.

    By May 18, 2022
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    time99lek via Getty Images

    FIS knocks Fiserv out of No. 2 merchant acquirer spot

    In a competitive field of merchant acquirers, FIS bested Fiserv last year as JPMorgan Chase held its lead, according to a ranking from The Nilson Report. 

    By May 18, 2022
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    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB carves out new competition angle for oversight

    A former CFPB enforcement director told an audience of payments professionals this week that they'd best be prepared for the agency to expand its oversight by way of its markets authority.

    By May 18, 2022
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    Courtesy of Klarna

    Klarna debuts virtual shopping tool

    The platform is adding more services as the buy now-pay later industry faces more regulatory scrutiny.

    By Tatiana Walk-Morris • May 17, 2022
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    Amex, Discover get top marks in direct banks survey

    The No. 3 and No. 4 card companies, which also hold bank licenses, scored highly in customer satisfaction among online-only banks, J.D. Power found.

    By May 16, 2022
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    Opinion

    Are restaurant operators eating too many fees?

    "I’ve been disappointed to see how the payments industry is constantly looking for ways to profit off of small businesses in sneaky ways," says Copper CEO Dickson Chu.

    By Dickson Chu • May 16, 2022
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    Tero Vesalainen via Getty Images

    Deserve taps Goldman for credit facility

    With the $250 million credit facility from Goldman Sachs and other backers, the Palo Alto, California-based digital card startup aims to keep financing an expanding clientele.

    By May 12, 2022
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    da-kuk via Getty Images

    Jack Henry prowls for acquisitions

    The payment technology provider aims to start making acquisitions again this year, the CEO said. While potential targets had been too expensive in recent years, the public market's swoon is creating more options now.

    By May 12, 2022
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    Pierre Crom via Getty Images

    World Bank forecast for cross-border payments rises

    The international bank expects remittances to climb 3.7% to $802 billion this year. That's more than was previously expected and the increase is partly due to the upheaval in Ukraine, the World Bank said.

    By May 11, 2022