Technology: Page 2
-
Brex adds AI tool
Brex, which got its start by offering corporate credit cards to startups, is one of many software vendors racing to bet on artificial intelligence.
By Alexei Alexis • Sept. 19, 2023 -
Square CEO to depart
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company Oct. 2, handing over the post to co-founder Jack Dorsey.
By Caitlin Mullen • Sept. 18, 2023 -
Explore the Trendline➔
Olga Naumova via Getty ImagesTrendlineRising payments fraud triggers new cyber-security tools
As criminals advance their schemes for digital payments fraud, cyber-security firms are racing to keep up. In-person payments fraud hasn’t gone away either.
By Payments Dive staff -
Digital dollar bill resurfaces in Congress
The proposed digital dollar would create an electronic version of the U.S. currency, but it wouldn’t be the same as a central bank digital currency.
By Lynne Marek • Sept. 18, 2023 -
Sponsored by Finastra
How financial institutions of all sizes can seize the instant payment opportunity
FedNow is driving adoption of instant payments— here’s what financial institutions need to know.
By Barry Rodrigues, EVP, Payments at Finastra • Sept. 18, 2023 -
Small businesses embrace digital payments
Small business owners envision a cashless future, according to card giant Visa, even as some legislators move to protect unbanked and underbanked consumers.
By Tatiana Walk-Morris • Sept. 17, 2023 -
Payments at MGM Resorts disrupted by cyberattack
The incursion is part of a spate of recent attacks against hospitality companies, including at Caesars Entertainment, that have affected card transactions, ATMs and reward programs.
By David Jones • Sept. 15, 2023 -
Grabango lays off employees across several departments
The frictionless checkout provider declined to specify the number of impacted team members, though multiple LinkedIn posts indicate cuts hit 40% of the company.
By Brett Dworski • Sept. 15, 2023 -
CEO out at embattled Binance.US
Brian Shroder joined the U.S. arm of the world's largest crypto exchange in 2021. Now, he's gone, as are one-third of the company's employees — who, unlike Shroder, were laid off this week.
By Gabrielle Saulsbery • Sept. 14, 2023 -
FIS battles higher labor costs
The run-up in labor costs at Fidelity National Information Services has eased, and the paytech services company is eyeing AI to keep them in check.
By Lynne Marek • Sept. 14, 2023 -
Square apologizes for last week’s outage
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”
By Caitlin Mullen • Sept. 14, 2023 -
Fed officials tout FedNow, seek adoption
Fed officials are on a campaign to increase adoption of the new instant payments system, noting it may have implications for other Fed services.
By Lynne Marek • Sept. 13, 2023 -
Visa tracks spike in retail, e-commerce fraud
Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.
By Tatiana Walk-Morris • Sept. 13, 2023 -
Stax CEO zeroes in on embedded payments
Stax is honing its strategy to build on embedded payments as the company pushes its payment facilitation offering, CEO Paulette Rowe said.
By Caitlin Mullen • Sept. 12, 2023 -
5 takeaways from Michael Barr’s views on CBDCs, stablecoins and more
The Federal Reserve’s vice chair for supervision spoke about “responsible innovation” Friday at a Philadelphia Fed fintech conference.
By Suman Bhattacharyya • Sept. 11, 2023 -
PayPal CEO stresses stablecoin potential
The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.
By Lynne Marek • Sept. 11, 2023 -
Affirm extends bridge to regulators
“I think a fair amount of our competitors believe that they’ll either talk their way out of [regulatory attention] or hide,” Affirm CEO Max Levchin said.
By Caitlin Mullen • Sept. 11, 2023 -
Sponsored by Runa
How digital value unlocks new opportunities in fintech
Digital value networks are innovating payments in a way that traditional processes struggle to support.
By Aron Alexander, CEO and Founder of Runa • Sept. 11, 2023 -
Convenience store company credits ‘improved labor situation’ to AI-powered self-checkout
The retailer brought the automated platforms to 2,200 stores across North America, and 40% of in-store payments at these sites run through them, CEO Brian Hannasch said.
By Brett Dworski • Sept. 8, 2023 -
PayPal expands tie with Meta
The digital titans plan to extend a partnership in which the payments company channels charitable giving on the Facebook and Instagram social media sites.
By Lynne Marek • Sept. 8, 2023 -
CFPB takes aim at Apple, Google tap-to-pay tech
“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.
By James Pothen • Sept. 8, 2023 -
X nabs Rhode Island, Mississippi money licenses
The new licenses are aimed at advancing Elon Musk's campaign to expand the social media company formerly known as Twitter into the payments business.
By James Pothen • Sept. 7, 2023 -
Block CFO details Square’s revamped sales approach
Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.
By Caitlin Mullen • Sept. 7, 2023 -
JPMorgan Chase revs up payments lab hiring
The bank is venturing further into fintech and payments for new product development at its lab in Greece.
By Tatiana Walk-Morris • Sept. 7, 2023 -
Shopify integrates Buy with Prime feature
In a move that alters the companies' relationship, competitors Shopify and Amazon partnered to give Prime customers the payment option.
By Tatiana Walk-Morris • Sept. 6, 2023 -
Visa leans into stablecoin efforts
Visa has tapped new partners, including Worldpay and Solana, to build on a digital currency experiment it began in 2021 with Ethereum and Crypto.com.
By Lynne Marek • Sept. 5, 2023