Technology


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    Cross-border payments startup Keeta snags $17M

    Former Google CEO Eric Schmidt is among the investors in Keeta, which enters a competitive cross-border market.

    By Tatiana Walk-Morris • June 7, 2023
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    Nevada passes EWA legislation

    Nevada this past weekend became one of the few states to pass legislation directed at policing the expanding earned wage access industry.

    By June 5, 2023
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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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    The image by Piaras Ó Mídheach/Web Summit via Sportsfile is licensed under CC BY 2.0
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    SEC charges Binance, CEO Zhao with 13 violations

    The regulator alleged high-value U.S. customers were secretly allowed to trade on Binance platforms after the company said otherwise, and that controls allowed customers’ funds to commingle.

    By Dan Ennis • June 5, 2023
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    Dan Kitwood via Getty Images
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    Republicans draft crypto legislation

    The discussion draft, which addresses how digital assets can be defined, represents the most comprehensive federal legislative development in the crypto sphere this year.

    By Gabrielle Saulsbery • June 5, 2023
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    Chor muang via Getty Images
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    CBDCs offer benefits, risks

    Central bank digital currencies, which are being tested around the world, could increase the efficiency of cross-border payments, but there are associated risks, according to a trade group report.

    By June 5, 2023
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB slaps warning on P2P

    The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

    By June 2, 2023
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    Discover Financial Services 

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    Discover relaunches debit account

    After shelving the debit account last year due to fraud issues, the card company has relaunched the service.

    By June 2, 2023
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    Dwolla appoints new CFO

    The company also appointed two new board members as it seeks to capitalize on rising A2A payments demand.  

    By Grace Noto , June 1, 2023
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    Permission granted by Jane Ross
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    Google aims to bulk up wallet

    The tech behemoth is adding features that will let consumers stuff more information, such as healthcare insurance credentials and state IDs, into its digital wallet.

    By June 1, 2023
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    Flywire shops for bigger acquisitions

    The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.

    By June 1, 2023
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    B4LLS via Getty Images
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    Worldpay taps Affirm for BNPL

    The multi-year partnership allows Worldpay’s merchant clients to integrate Affirm’s BNPL options at checkout. 

    By Tatiana Walk-Morris • June 1, 2023
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    ACI appoints new CEO

    ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.

    By May 31, 2023
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    Payments cost-cutting could fuel M&A: investor

    Payments companies cutting staff and revamping cost structures could make them a more attractive target for acquirers, a QED Investors partner said.

    By May 31, 2023
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    Courtesy of FIS
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    FIS CEO sizes up competition

    CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.

    By May 31, 2023
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    Consumers use cash to forget, study shows

    New research suggests consumers’ payment method choice can depend on what they’re buying, especially if it’s a guilty-pleasure purchase. 

    By May 30, 2023
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    Milko via Getty Images
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    Consumers, businesses gravitate to faster, mobile payments

    As electronic payment options become available, consumers and businesses in the U.S. are using them more often, but keeping a wary eye on fraud.

    By May 26, 2023
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    Debit network players gear up for July

    Card network operators Visa, Mastercard and Fiserv are bracing for change in light of the Federal Reserve’s debit routing rule clarification.

    By May 26, 2023
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    Deep Dive

    Payments fraud climbs as banks reach for joint response

    Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

    By May 25, 2023
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    Levchin downplays Apple threat

    Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.

    By May 25, 2023
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    Courtesy of Uber
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    Opinion

    Give EWA a chance

    “It is unclear why critics want to place EWA in the credit silo and call for heavy-handed regulations to restrict access to EWA products,” argues the CEO of the Innovative Payments Association.

    By Brian Tate • May 24, 2023
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    Cash App pursues older, affluent customers

    The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

    By May 24, 2023
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    Legislators spar over stablecoin proposals

    Lawmakers agree stablecoin legislation is needed to ensure the U.S. establishes itself as a leader in the space. 

    By May 22, 2023
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    Anna Hrushka/Payments Dive
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    NY Fed teams with Singapore on CBDC study

    The two central banks tested digital ledger technology for payments across multiple currencies in less than 30 seconds.

    By May 22, 2023
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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    Worldpay spin-off hands FIS mixed bag

    The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

    By May 18, 2023
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    ACI boots chief technology officer

    ACI Worldwide has fired its chief technology officer just as it’s gearing up for the FedNow real-time payments system.

    By May 18, 2023