Technology

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    Walmart offers a new BNPL option: report

    The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

    By Caitlin Mullen • April 24, 2024
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    Maks_Lab via Getty Images
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    Ramp may target US startups this year: report

    After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

    By • April 23, 2024
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    Trendline

    E-commerce drives digital payment advances

    As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.

    By Payments Dive staff
  • Co-founder and CEO Klarna Sebastian Siemiatkowski and Jonathan Shieber during TechCrunch Disrupt London 2015 - Day 1 at Copper Box Arena on December 7, 2015 in London, England.
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    John Phillips via Getty Images
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    Klarna expands reach with Uber partnership

    The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

    By • April 23, 2024
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    mikkelwilliam via Getty Images
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    Video game industry preps for oversight

    The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.

    By • April 22, 2024
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    Lynne Marek/Payments Dive
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    Fed courts nonbanks for FedNow growth

    The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

    By • April 22, 2024
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    Codat seeks to topple check fraud with virtual card adoption

    JPMorgan Chase is an early user of Codat’s Supplier Enablement product, which launched last week.

    By Gabrielle Saulsbery • April 22, 2024
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    Courtesy of Amazon
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    Amazon defends ‘Just Walk Out’ pullback

    The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.

    By • April 19, 2024
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    Getty Images via Getty Images
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    Accounts receivable automator Versapay taps new CFO

    Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

    By Maura Webber Sadovi • April 19, 2024
  • U.S. Rep.-elect Bryan Steil (R-WI) holds up a tally sheet as Republican Leader Kevin McCarthy (R-CA) is elected Speaker of the House
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    Chip Somodevilla via Getty Images
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    House committee advances EWA bill

    The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers.

    By • April 18, 2024
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    LD via Getty Images
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    Fed keeps up CBDC research

    Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

    By • April 17, 2024
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    Steak ‘n Shake installs facial recognition at self-ordering kiosks

    The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.

    By Julie Littman • April 16, 2024
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    Doucefleur via Getty Images
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    CFPB notes ‘growing financialization’ of medical, rental payments

    The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors, according to General Counsel Seth Frotman.

    By • April 16, 2024
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    Stocksy/Serena Burroughs 

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    Sponsored by Pipe

    Can embedded finance solve one of payments’ biggest problems?

    As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?  

    By CEO Luke Voiles • April 16, 2024
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    FlexWage wins Vermont EWA carve-out

    Earned wage access provider FlexWage has received leeway from the Vermont Department of Financial Regulation to operate in the state without a lender or money transmitter license.

    By • April 15, 2024
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By • April 15, 2024
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    Pexels/Antoni Shkraba

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    Sponsored by Lithic

    What card issuers need to know about 3DS

    Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.

    April 15, 2024
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    Permission granted by PDI Technologies
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    Q&A

    Gen Z clings to new payment tools

    Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results. 

    By • April 12, 2024
  • A woman puts clothing into an RFID self-checkout kiosk
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    Thai Liang Lim via Getty Images
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    Deep Dive

    Why more tech in stores shouldn’t mean fewer workers

    Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.

    By Daphne Howland • April 11, 2024
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    Ray Tan via Getty Images
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    EWA providers seek to steer state legislation

    Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.

    By • April 11, 2024
  • Exterior front rendering of Discover Financial Services' Chatham Customer Care Center in Chicago, Illinois.
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    Capital One’s Discover bid tops biggest Q1 tech-related deals

    The proposed Capital One-Discover merger made the list because of fintech issues that are at stake in the $35.3 billion deal.

    By Alexei Alexis • April 10, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    CFPB, DOJ boost teamwork on cases

    The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.

    By • April 9, 2024
  • A woman uses her palm to show credentials for an access control point.
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    Courtesy of Amazon Web Services
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    Amazon debuts app for palm payment

    The Amazon One app can be used to enter various locations, identify individuals, pay for items and access loyalty rewards.

    By Xanayra Marin-Lopez • April 7, 2024
  • Exterior of the Whole Foods Market in the Glover Park neighborhood of Washington, D.C.
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    Courtesy of Whole Foods Market
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    Whole Foods to pull Amazon’s Just Walk Out technology from stores

    The specialty grocer, which operates the checkout tech at just two stores, will follow the same path as Amazon Fresh stores in the U.S., a spokesperson confirmed Friday.

    By Peyton Bigora • April 5, 2024
  • 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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    Virtual marketplaces risk real losses: CFPB

    Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.

    By • April 5, 2024
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    Opinion

    EWA shouldn’t be regulated like loans

    “Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.

    By Darcy Tuer • April 5, 2024