Technology: Page 2

U.S. digital currency could "pose considerable risks," Fed official says

Federal Reserve Board Governor Randal Quarles also said the benefits of developing a central bank digital currency are "unclear," given the "very good" U.S. payment system.

By Dan Ennis • June 29, 2021

Merchants adapt check-out process to thwart cart abandonment

Merchants are giving online customers a broader menu of payment options in the hopes of keeping customers through to completion of a purchase.

By Vaidik Trivedi • June 28, 2021

On-demand pay catches on, but scrutiny persists

Employers are gravitating to new ways to pay workers more quickly, thanks to fintechs providing payroll innovations, but state lawmakers are scrutinizing the new approaches too.

By Lynne Marek • June 28, 2021

New consumer tech gadgets modernize payments

As technology evolves, so do modes of payment; consumers are migrating to more advanced tech payment tools like wearable devices, connected cars and in-home systems, a new study finds.

By Vaidik Trivedi • June 27, 2021

Big tech buys into booming payments sector

Google, Apple and other tech companies are swooping in to provide digital financial services to customers to increase engagement rates, and incumbent financial institutions face the risk of fewer direct interactions with their customers 

By Vaidik Trivedi • June 24, 2021

Column

Growing divide on crypto in international banking report

Central banks strike a second blow against digital assets and stablecoins. The dissonance between market and government may come down to timing, or an age-old pattern concerning risk.

By Dan Ennis • June 24, 2021

Fiserv partners with NYDIG to offer bitcoin services

The duo is betting banks can use the new offering to attract consumers who own bitcoin or who want to buy the digital asset.

By Vaidik Trivedi • June 23, 2021

Payments industry deal-making mushrooms

The payments industry has accounted for the bulk of big fintech deals since the start of last year, charting eight combinations worth $23 billion, according to S&P Global Market Intelligence, which predicts the trend will march on.  

By Lynne Marek • June 22, 2021

Fiserv, Deutsche Bank team up in German market

Fiserv and Deutsche Bank are locking arms to allow the German bank's business customers to accept payments through Clover, Fiserv's point of sale (POS) system.

By Lynne Marek • June 22, 2021

PayPal to increase merchant fees in August

The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.

By Lynne Marek • June 20, 2021

Discover makes a crypto move with new hire

With the hiring of a new manager for blockchain and digital currency, Discover Financial is planting a flag in the card company race to grab a share of money increasingly flowing through cryptocurrencies. 

By Lynne Marek • June 18, 2021

Global Payments, CDK team to court car dealers

Companies are racing to sell a new generation of payment technology systems to auto dealerships.  

By Lynne Marek • June 17, 2021

Visa pilots US merchant phone-tap system

The new payment option allows merchants to convert their android smartphones into POS systems to accept tap payments.

By Vaidik Trivedi • June 16, 2021

Column

How payments became a magnet for money

The industry was beginning to attract record amounts of venture capital in recent years, but the pandemic's impact super-charged the trend. 

By Lynne Marek • June 15, 2021

Toast buys xtraChef for back-office payments and operations management

The acquisition will allow the point of sale (POS) company to offer insights into profitability by menu item, automation and intelligence tools to streamline tasks like accounts payable, managing inventory and tracking margins.

By Julie Littman • June 11, 2021

Socure gears up for IPO, perhaps sooner than expected

The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.

By Lynne Marek • June 11, 2021

Clair attracts $15M for its on-demand pay play

Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.

By Lynne Marek • June 09, 2021

Walmart makes cash payment options more efficient

The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.

By Lynne Marek • June 08, 2021

Regulators increase scrutiny of cryptos in money-laundering

The decentralized and anonymous nature of cryptocurrency makes it susceptible to money laundering, and governments across the globe must respond, industry experts said during Payments Canada Summit last week.

By Vaidik Trivedi • June 07, 2021

'Super-apps' are the next evolutionary step for financial services

As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.   

By Vaidik Trivedi • June 07, 2021

Goldman Sachs taps Visa for cross-border payment upgrade

The global investment bank is aiming to streamline and enhance cross-border payments for its clients by signing on for Visa's cross-border programs.

By Lynne Marek • June 07, 2021

Consumer spending changes likely to stick, Visa says

For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said.

By Lynne Marek • June 03, 2021

Mastercard invests in fledgling fintech Synctera

San Francisco-based Synctera, only six months old, draws $33 million from a pack of investors as it takes on the role of matchmaker between small banks and fintechs.

By Lynne Marek • June 03, 2021

DLocal raises $75M in IPO, spearheads emerging markets

DLocal aims to expand in emerging markets because "strong cross-border business partnerships between global merchants and service providers are important and will continue to gain importance," DLocal COO Sumita Pandit told Payments Dive.

By Vaidik Trivedi • June 03, 2021

Crypto exchange Kraken launches mobile app in US

Customers can buy and sell more than 50 crypto tokens from their mobile phones with a starting investment of as little as $10. The services are not available for residents of New York or Washington state.

By Dan Ennis • June 03, 2021