Technology


  • A person walks into BNY Mellon's headquarters in New York City.
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    Mario Tama / Staff via Getty Images
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    Banks should proactively tackle instant payments fraud: BNY

    Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

    By Suman Bhattcharyya • July 12, 2024
  • Close-up of a person using a self checkout machine.
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    Julia Gomina via Getty Images
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    Self checkout boasts ‘record’ year: report

    The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.

    By Tatiana Walk-Morris • July 12, 2024
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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
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    Chris McGrath via Getty Images
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    Crypto theft doubles to $1.38B

    The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

    By Alexei Alexis • July 11, 2024
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    champpixs via Getty Images
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    Q&A

    Versapay plunges ahead with new C-suite team

    The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.  

    By July 11, 2024
  • The Clearing House CEO David Watson Swift
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    Permission granted by The Clearing House
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    The Clearing House’s RTP network logs Q2 records

    The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow service.

    By Tatiana Walk-Morris • July 11, 2024
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    Mykola Pokhodzhay via Getty Images
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    Payroc preps for more acquisitions, envisions potential IPO

    Fresh off its biggest acquisition ever, Payroc is pressing ahead with more acquisitions and preparations for a possible initial public offering.

    By July 10, 2024
  • A Target employee completes an in-store checkout purchase and hands a customer a receipt.
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    Target to stop accepting personal checks

    The retailer’s customers will still have six payment options after the change takes effect in about a week.

    By Nate Delesline III • July 10, 2024
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    Win McNamee / Staff via Getty Images
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    Congress members egg on US payments system expansion

    A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

    By July 8, 2024
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    Brett Dworski/Payments Dive
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    NCR Voyix terminates staff across several units

    The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.

    By Brett Dworski • July 3, 2024
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    Shutthiphong Chandaeng via Getty Images
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    Payments industry to use AI to detect fraud, improve efficiency

    Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

    By July 2, 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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    Chuck morphs into a new Alloy Labs-backed effort

    Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

    By June 27, 2024
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    Dan Kitwood / Staff via Getty Images
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    Crypto firm Abra settles with 25 states for operating without a license

    Abra agreed to repay customers some $82 million in crypto. CEO Bill Barhydt said all but $2 million, yet to be claimed, has been repaid.

    By Gabrielle Saulsbery • June 27, 2024
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    Bryan Bedder / Stringer via Getty Images
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    Amex banks on spending at high-end restaurants

    Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

    By June 26, 2024
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    Spencer Platt / Staff via Getty Images
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    Bank of America zeroes in on banking app innovation

    The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

    By Caitlin Mullen • June 26, 2024
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    Sam Silverstein/Payments Dive
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    Q&A

    BNPL to shift toward larger-ticket expenses: CEO

    The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

    By June 25, 2024
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    Neilson Barnard via Getty Images
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    Affirm may see payment volume bump from Apple Pay: Mizuho report

    The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

    By June 24, 2024
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    Rockaa via Getty Images
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    Sponsored by PayNearMe

    An optimal payment experience is the new essential for billers

    Businesses that rely on recurring billing with legacy payment processes may be missing a crucial opportunity to generate return business.

    June 24, 2024
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    Justin Sullivan via Getty Images
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    PayPal fills CTO position with former Walmart exec

    Former Walmart EVP Srini Venkatesan will replace Archie Deskus, who joined the payments firm in 2022.

    By Roberto Torres • June 21, 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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    Faster payments catch on slowly: survey

    About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.

    By Tatiana Walk-Morris • June 20, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm CFO doesn’t expect profits from its Apple tie soon

    The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

    By June 18, 2024
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    Chip Somodevilla via Getty Images
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    Apple to drop its BNPL option in US

    The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.

    By , June 17, 2024
  • Shift4 CEO Jared Isaacman
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    Courtesy of Shift4. Shift4 CEO Jared Isaacman
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    Shift4 acquires stake in German firm

    Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

    By June 17, 2024
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    Permission granted by Wise
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    Wise persists with reduced pricing approach

    The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.

    By Grace Noto • June 17, 2024
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    damircudic via Getty Images
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    Sponsored by Adyen

    5 key steps to creating and executing on an embedded finance roadmap

    By offering financial services tools and features, SaaS platforms can become stickier and more indispensable to SMBs.

    June 17, 2024
  • Brex CEO Pedro Franceschi pictured against a grey background.
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    Courtesy of Brex
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    Brex moves to single-CEO model

    Pedro Franceschi will become sole chief executive, while co-founder Henrique Dubugras will move to board chair as the company aims to go public in 2025.

    By Dan Ennis • June 14, 2024