Technology: Page 14
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Lynne Marek/Payments Dive
FedNow zooms past RTP participation in inaugural year
The Federal Reserve’s nascent instant payments system has collected hundreds of bank participants across the country in its first year of operations, although a few major banks are holdouts.
By Lynne Marek • July 16, 2024 -
gradyreese via Getty Images
Bolt advances strategy under new CEO
Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.
By Lynne Marek • July 15, 2024 -
Explore the Trendline➔
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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 -
Courtesy of Bank of America
BofA tackles digital payments pain points
The bank’s latest platform update is designed to better address transaction-related inquiries — one of the top reasons business customers call and email for help.
By Maura Webber Sadovi • July 15, 2024 -
Mario Tama / Staff via Getty Images
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 -
Julia Gomina via Getty Images
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 -
Chris McGrath via Getty Images
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 -
champpixs via Getty Images
Q&AVersapay 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 Lynne Marek • July 11, 2024 -
Permission granted by The Clearing House
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 -
Mykola Pokhodzhay via Getty Images
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 Lynne Marek • July 10, 2024 -
Permission granted by Target
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 -
Win McNamee / Staff via Getty Images
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 Lynne Marek • July 8, 2024 -
Brett Dworski/Payments Dive
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 -
Shutthiphong Chandaeng via Getty Images
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 Patrick Cooley • July 2, 2024 -
whyframestudio via Getty Images
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 Lynne Marek • June 27, 2024 -
Dan Kitwood / Staff via Getty Images
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 -
Bryan Bedder / Stringer via Getty Images
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 Patrick Cooley • June 26, 2024 -
Spencer Platt / Staff via Getty Images
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 -
Sam Silverstein/Payments Dive
Q&ABNPL 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 James Pothen • June 25, 2024 -
Neilson Barnard via Getty Images
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 James Pothen • June 24, 2024 -
Rockaa via Getty Images
Sponsored by PayNearMeAn 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 -
Justin Sullivan via Getty Images
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 -
Lynne Marek/Payments Dive
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 -
Courtesy of Affirm
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 James Pothen • June 18, 2024 -
Chip Somodevilla via Getty Images
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 Patrick Cooley , Lynne Marek • June 17, 2024 -
Courtesy of Shift4. Shift4 CEO Jared Isaacman
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 Lynne Marek • June 17, 2024
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