Technology: Page 2


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    Steve Jennings / Stringer via Getty Images
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    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
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    Courtesy of Square
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    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 Sept. 18, 2023
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    Olga Naumova via Getty Images
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    Trendline

    Rising 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
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    Jason Reed via Getty Images
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    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 Sept. 18, 2023
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    Алексей Белозерский via Getty Images
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    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
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    Creative via Getty Images
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    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
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    Robert Mora via Getty Images
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    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
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    Courtesy of Grabango
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    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
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    Michael M. Santiago / Staff via Getty Images
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    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
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    Courtesy of FIS

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    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 Sept. 14, 2023
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    Courtesy of Square
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    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 Sept. 14, 2023
  • Federal Reserve Board Vice Chair for Supervision Michael S. Barr with hand to ear as if trying to listen.
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    Win McNamee via Getty Images
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    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 Sept. 13, 2023
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    katleho Seisa via Getty Images
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    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
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    dikushin via Getty Images
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    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 Sept. 12, 2023
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    Win McNamee via Getty Images
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    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 Sept. 11, 2023
  • PayPal CEO Dan Schulman sitting and gesturing with his hand.
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    Eugene Gologursky via Getty Images
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    PayPal CEO stresses stablecoin potential

    The digital payments pioneer has set its expectations high for growth in stablecoins, as regulators circle the space.

    By Sept. 11, 2023
  • Max Levchin, the CEO of buy now, pay later company Affirm
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    Kevin Dietsch / Staff via Getty Images
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    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 Sept. 11, 2023
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    iStock.com/cokada

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    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
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    Permission granted by PDI
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    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
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    Justin Sullivan via Getty Images
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    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 Sept. 8, 2023
  • An African American young man paying with a smartphone at a coffee shop
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    Milko via Getty Images
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    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 Sept. 8, 2023
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    Maja Hitij via Getty Images
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    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 Sept. 7, 2023
  • An employee uses Square point of sale hardware
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    Courtesy of Square
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    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 Sept. 7, 2023
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    Milos Bicanski via Getty Images
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    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
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    Courtesy of Shopify
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    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
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    Creative stock via Getty Images
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    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 Sept. 5, 2023