Technology: Page 18
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Permission granted by PDI Technologies
Q&AGen 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 Lynne Marek • April 12, 2024 -
Thai Liang Lim via Getty Images
Deep DiveWhy 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 -
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 -
Ray Tan via Getty Images
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 Lynne Marek • April 11, 2024 -
Permission granted by Discover
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 -
Anna Moneymaker / Staff via Getty Images
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 James Pothen • April 9, 2024 -
Courtesy of Amazon Web Services
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 -
Courtesy of Whole Foods Market
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 -
Win McNamee via Getty Images
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 James Pothen • April 5, 2024 -
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OpinionEWA 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 -
Photo by Bia Santana from Pexels.
Fiserv to let Brazilians use Pix in US
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
By Lynne Marek • April 4, 2024 -
Alex Wong via Getty Images
NY Fed enters cross-border tokenization effort
The central bank will join six other central banks in exploring blockchain technology to speed up international payments.
By James Pothen • April 4, 2024 -
Justin Sullivan via Getty Images
PayPal pursues pricing power
The digital payments pioneer aims to increase pricing for its services to boost profitable growth under a new management team.
By Lynne Marek • April 3, 2024 -
Jeff Wells/Payments Dive
Amazon to drop ‘just walk out’ at some grocery stores
The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.
By James Pothen • April 2, 2024 -
Emma McIntyre via Getty Images
Nuvei goes private in stock sale to Advent
The sale of the Canadian payments processor’s stock to the private equity firm will hand some investors a $560 million windfall.
By Lynne Marek • April 2, 2024 -
Permission granted by Fiserv
Deep DiveFiserv has ambitious goals for Clover. Can it meet them?
To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.
By Caitlin Mullen • April 1, 2024 -
Suriyapong Thongsawang via Getty Images
CFPB warns remittance firms about false ads
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
By Tatiana Walk-Morris • March 29, 2024 -
Scott Barbour via Getty Images
Private plaintiffs follow DOJ’s Apple antitrust case
The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.
By Robert Freedman • March 27, 2024 -
Michael M. Santiago via Getty Images
X lands money licenses in Illinois, New Mexico
The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.
By James Pothen • March 27, 2024 -
Sean Gallup via Getty Images
DOJ calls Apple card fees ‘significant expense’ for banks
The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.
By James Pothen • March 26, 2024 -
Chris Hondros via Getty Images
JPMorgan seeks embedded payments niches
The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.
By Lynne Marek • March 25, 2024 -
Justin Sullivan via Getty Images
How Visa handled ‘BidenCash’ card fraud incident
The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.
By Tatiana Walk-Morris and Lynne Marek • March 25, 2024 -
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Crypto fraud losses rose to $3.9B in 2023, a 53% yoy increase: FBI
SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.
By Vincent Ryan • March 25, 2024 -
YangYin via Getty Images
Wisconsin passes EWA law as states’ paths diverge
Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.
By Lynne Marek • March 22, 2024 -
Cecilie Arcurs via Getty Images
Digital wallets to overtake debit cards in stores: report
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
By James Pothen • March 22, 2024 -
Justin Sullivan via Getty Images
DOJ sues Apple over antitrust violations
The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.”
By James Pothen • March 21, 2024
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