Technology: Page 14
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Scott Olson / Staff via Getty Images
OpinionCFPB’s EWA rule may undo progress
“The CFPB’s plan to reclassify EWA as a loan could accidentally backfire on the agency by driving people right back to the payday lending industry,” writes one tech trade group professional.
By Adam Kovacevich • Sept. 5, 2024 -
Cecilie Arcurs via Getty Images
Academics question digital wallet security
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
By Patrick Cooley • Sept. 4, 2024 -
Explore the Trendline➔
ArtemisDiana via Getty Images
TrendlineCross-border payments targeted for upgrades
When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.
By Payments Dive staff -
Win McNamee via Getty Images
CFPB slammed with EWA commentary
The Consumer Financial Protection Bureau asked for public feedback on its earned wage access rule proposal and it got an earful.
By Lynne Marek • Sept. 4, 2024 -
Spencer Platt via Getty Images
Viral JPMorgan Chase glitch is ‘fraud, plain and simple,’ bank says
Some customers deposited bad checks and immediately withdrew funds before the checks bounced in a glitch that went viral on TikTok. Now, some users have holds on their accounts.
By Gabrielle Saulsbery • Sept. 4, 2024 -
Creative via Getty Images
Paysafe taps FIS alum for CFO amid growth pivot
The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.
By Grace Noto • Sept. 4, 2024 -
Courtesy of Zip
Maryland gets tough on BNPL
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
By Patrick Cooley • Sept. 3, 2024 -
Justin Sullivan via Getty Images
PayPal offers guest checkout service to Fiserv clients
The two firms are working together again as other payment giants collaborate on checkout enhancements.
By Tatiana Walk-Morris • Sept. 3, 2024 -
Pilar Olivares/Reuters
PayPal joins group investing $15M in Brazilian startup
The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in Brazil.
By Tatiana Walk-Morris • Aug. 30, 2024 -
Permission granted by David Schwarz
TrackerEarned wage access: Following states that have passed laws, or have legislation pending
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
By Lynne Marek • Aug. 30, 2024 -
Courtesy of Affirm
Affirm shuffles leadership, promoting CFO to COO
The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.
By Patrick Cooley • Aug. 29, 2024 -
Sarah Silbiger via Getty Images
Fed official questions faster cross-border payments ties
Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.
By Lynne Marek • Aug. 29, 2024 -
Joe Raedle / Staff via Getty Images
Shoppers’ online fraud fears escalate
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.
By Patrick Cooley • Aug. 28, 2024 -
Permission granted by MoneyGram
MoneyGram, Adyen add chief technology officers
The payments companies are bolstering their tech leadership as big changes roil the industry and stoke competition.
By Lynne Marek • Aug. 28, 2024 -
Permission granted by Aeropay
Aeropay targets pay-by-bank evolution in US
The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.
By Lynne Marek • Aug. 26, 2024 -
Lynne Marek/Payments Dive
Fed’s Waller eggs on payments research
Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.
By Tatiana Walk-Morris and Lynne Marek • Aug. 23, 2024 -
9dreamstudio via Getty Images
U.S. Bank buys healthcare payments firm
The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.
By Lynne Marek • Aug. 22, 2024 -
Permission granted by Money 20/20
Q&AMarqeta isn’t a ‘single-trick pony,’ CEO says
The embedded finance firm’s partnerships with Varo Bank, Affirm, Visa and Zoho and its new office launch in Warsaw, Poland, underscore the expansion of the payment platform's market presence.
By Rajashree Chakravarty • Aug. 22, 2024 -
Creative via Getty Images
Stripe, Zip partner on BNPL processing
The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.
By Patrick Cooley • Aug. 21, 2024 -
Win McNamee / Staff via Getty Images
Capital One, Citi plan to join FedNow in ‘near future’
The two big banks say they’ll soon connect to the Federal Reserve’s new instant payment system, even as other major banks remain on the sidelines.
By Lynne Marek • Aug. 20, 2024 -
Courtesy of Affirm
BNPL providers won’t face penalties during transition to new CFPB rule
CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.
By Patrick Cooley • Aug. 20, 2024 -
Courtesy of Adyen
Adyen collects more US customers
The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.
By Patrick Cooley • Aug. 19, 2024 -
Lynne Marek/Payments Dive
Mastercard to cut 1,000 employees in restructuring
The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.
By Lynne Marek • Aug. 19, 2024 -
Courtesy of Revolut Press Kit
UK fintech Revolut valued at $45B
The British fintech has completed a secondary share sale with new and existing investors to provide liquidity to employees.
By Gabrielle Saulsbery • Aug. 16, 2024 -
Lynne Marek/Payments Dive
FedNow to add more fraud tools, Fed official says
The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.
By Lynne Marek • Aug. 16, 2024 -
Michael M. Santiago / Staff via Getty Images
JPMorgan, Zelle may have upper hand if litigation ensues
If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.
By Patrick Cooley • Aug. 15, 2024
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