Technology


  • An over-the-shoulder shot of a person using a smartphone to check the balance of a digital wallet while standing on a city street at night.
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    gorodenkoff via Getty Images
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    Paze targets nationwide coverage by year-end shopping season

    The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.

    By May 28, 2024
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    Justin Sullivan / Staff via Getty Images
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    Visa preps for US pay-by-bank services

    The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.

    By May 28, 2024
  • Money next to hourglass Explore the Trendline
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    busracavus via Getty Images
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    Trendline

    Real-time payments are on the rise

    As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

    By Payments Dive staff
  • A Person With a Phone Using a Mobile Wallet Application At Workplace
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    Prostock-Studio via Getty Images
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    Businesses boost use of digital wallets: Fed

    Business use of digital wallets rose last year more than their use of many other forms of payment, according to a survey commissioned by the Federal Reserve’s financial services unit.

    By Tatiana Walk-Morris • May 24, 2024
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Cash App aims to add more features

    Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.

    By May 24, 2024
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    Retrieved from Wikimedia Commons.
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    South Carolina embraces new EWA law

    This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.

    By May 23, 2024
  • CFPB Director Rohit Chopra participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury
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    Kevin Dietsch via Getty Images
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    CFPB to treat BNPL loans like credit cards

    “Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.

    By May 22, 2024
  • Shot of Google's NYC headquarters
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    Michael M. Santiago via Getty Images
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    Google Pay adds card reward details to checkout

    American Express and Capital One cardholders can now see what rewards they would earn from purchases when checking out with Google Pay, the tech giant said in a blog post.

    By May 22, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Deep Dive

    Real-time lessons for FedNow from Brazil, India

    The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.

    By Christiana Sciaudone • May 21, 2024
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    Sorry Cash App, Gen Z still wants bank branches

    Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch. 

    By May 20, 2024
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Fed plays crucial role in payments standard-setting

    Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.

    By May 20, 2024
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    How retailers are seeking to improve self-checkout

    Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self-checkout, and how retailers can address them.

    By Brett Dworski • May 20, 2024
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Opinion

    CFPB should reconsider prepaid rule

    The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

    By Brian Tate • May 17, 2024
  • International currencies
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    Wara1982 via Getty Images
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    Central banks seek firms for cross-border payment project

    The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.

    By Tatiana Walk-Morris • May 17, 2024
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    DenisTangneyJr via Getty Images
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    EWA could create wage violations, Connecticut warns

    The warning comes as states and the federal government weigh options for regulating earned wage access products.

    By Kate Tornone • May 16, 2024
  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS eyes growth via acquisitions

    Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.

    By May 16, 2024
  • Two people at an event, one of them is using a Square kiosk to pay for something.
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    Permission granted by Square
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    Payments firms seek candidates for product, partner roles

    Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.

    By May 16, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Shift4 to buy rival POS firm Revel for $250M

    The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

    By , May 15, 2024
  • 7-Eleven
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    Courtesy of 7-Eleven
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    7-Eleven testing financial services in stores

    The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

    By Jessica Loder • May 14, 2024
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    Alexey Yaremenko via Getty Images
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    Sponsored by PayNearMe

    How digital wallets are reshaping the payments landscape

    Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

    May 13, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Jack Henry, Visa see escalating FedNow volume

    While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

    By May 9, 2024
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    NatalyaBurova via Getty Images
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    US leads global commercial card market: report

    The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

    By May 8, 2024
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    M_a_y_a via Getty Images
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    Will EWA payments expand with real-time?

    While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.

    By May 7, 2024
  • The logo for the tech firm "Block" is displayed and reflected in a number of digital screens
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    Leon Neal via Getty Images
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    Block integrates Afterpay with Cash App card

    The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”

    By May 7, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Fed, TCH joust over interoperability

    When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.

    By May 7, 2024
  • Person sitting at cafe with phone and laptop and paying online with credit card.
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    MStudioImages via Getty Images
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    Sponsored by Adobe

    How to accelerate revenue with payment optimization

    One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing.

    May 6, 2024