Technology: Page 16
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Justin Sullivan / Staff via Getty Images
Visa preps for US pay-by-bank services
The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.
By Lynne Marek • May 28, 2024 -
Prostock-Studio via Getty Images
Businesses boost use of digital wallets: Fed
Business use of digital wallets rose last year more than their use of many other forms of payment, according to a survey commissioned by the Federal Reserve’s financial services unit.
By Tatiana Walk-Morris • May 24, 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 -
Drew Angerer via Getty Images
Cash App aims to add more features
Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.
By James Pothen • May 24, 2024 -
Retrieved from Wikimedia Commons.
South Carolina embraces new EWA law
This week, South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws.
By Lynne Marek • May 23, 2024 -
Kevin Dietsch via Getty Images
CFPB to treat BNPL loans like credit cards
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.
By James Pothen • May 22, 2024 -
Michael M. Santiago via Getty Images
Google Pay adds card reward details to checkout
American Express and Capital One cardholders can now see what rewards they would earn from purchases when checking out with Google Pay, the tech giant said in a blog post.
By James Pothen • May 22, 2024 -
Permission granted by Block
Sorry Cash App, Gen Z still wants bank branches
Young consumers are open to using the peer-to-peer payments app as their primary bank, but many say they won’t switch because they value having a physical branch.
By James Pothen • May 21, 2024 -
Lynne Marek/Payments Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
Lynne Marek/Payments Dive
Fed plays crucial role in payments standard-setting
Federal Reserve Governor Christopher Waller last week underscored the central bank’s role for setting standards in the rapidly evolving payments arena.
By Lynne Marek • May 20, 2024 -
Retrieved from Chestnut Market.
How retailers are seeking to improve self-checkout
Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self-checkout, and how retailers can address them.
By Brett Dworski • May 20, 2024 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
OpinionCFPB should reconsider prepaid rule
The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.
By Brian Tate • May 17, 2024 -
Wara1982 via Getty Images
Central banks seek firms for cross-border payment project
The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.
By Tatiana Walk-Morris • May 17, 2024 -
DenisTangneyJr via Getty Images
EWA could create wage violations, Connecticut warns
The warning comes as states and the federal government weigh options for regulating earned wage access products.
By Kate Tornone • May 16, 2024 -
Courtesy of FIS
FIS eyes growth via acquisitions
Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.
By Lynne Marek • May 16, 2024 -
Permission granted by Square
Payments firms seek candidates for product, partner roles
Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.
By Tatiana Walk-Morris • May 16, 2024 -
Courtesy of Shift4
Shift4 to buy rival POS firm Revel for $250M
The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.
By James Pothen , Lynne Marek • May 15, 2024 -
Courtesy of 7-Eleven
7-Eleven testing financial services in stores
The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
By Jessica Loder • May 14, 2024 -
Alexey Yaremenko via Getty Images
Sponsored by PayNearMeHow digital wallets are reshaping the payments landscape
Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.
May 13, 2024 -
Lynne Marek/Payments Dive
Jack Henry, Visa see escalating FedNow volume
While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.
By Lynne Marek • May 9, 2024 -
NatalyaBurova via Getty Images
US leads global commercial card market: report
The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
By James Pothen • May 8, 2024 -
M_a_y_a via Getty Images
Will EWA payments expand with real-time?
While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.
By Lynne Marek • May 7, 2024 -
Leon Neal via Getty Images
Block integrates Afterpay with Cash App card
The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”
By James Pothen • May 7, 2024 -
Lynne Marek/Payments Dive
Fed, TCH joust over interoperability
When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.
By Lynne Marek • May 7, 2024 -
Permission granted by GoCardless
Sponsored by GoCardlessHow to reduce risk and save cash with Pull-ACH
Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.
By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 2024 -
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Sponsored by AdobeHow to accelerate revenue with payment optimization
One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing.
May 6, 2024
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