Technology: Page 2
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Klarna’s IPO prospects grab spotlight
The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.
By Caitlin Mullen • March 13, 2024 -
PayPal, Mastercard add C-suite hires
Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.
By Lynne Marek • March 13, 2024 -
Trendline
Embedded payment tools make inroads
Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.
By Payments Dive staff -
Stripe reports payments volume increase
The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.
By James Pothen • March 13, 2024 -
FDIC pushes regulators to address tokenization
Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.
By Gabrielle Saulsbery • March 12, 2024 -
PayPal may axe straggler business units
On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.
By Lynne Marek • March 12, 2024 -
Hertz taps Stripe for digital payments
The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.
By James Pothen • March 12, 2024 -
Visa spends ‘billions’ battling cybersecurity threats
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
By Lynne Marek • March 11, 2024 -
JPMorgan to launch biometric checkout next year
The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.
By Caitlin Mullen • March 11, 2024 -
IHG approves slew of hotel digital tipping solutions
The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.
By Noelle Mateer • March 11, 2024 -
Apple reverses decision on blocking Epic
“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.
By James Pothen • March 8, 2024 -
Fleetcor invests in Brazilian mobile app business Zapay
Fleetcor’s investment this week follows other payments companies, including Visa, in investing in Brazilian businesses.
By Lynne Marek • March 8, 2024 -
Apple blocks Epic’s rival app store
“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.
By James Pothen • March 7, 2024 -
PayPal CEO prioritizes bettering branded services
Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.
By Lynne Marek • March 7, 2024 -
Huck’s adds touchless payments for fleets
The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.
By Jessica Loder • March 6, 2024 -
US Health Dept. offers assistance in wake of Change cyberattack
Healthcare providers have reported significant challenges to their day-to-day operations, including problems receiving payment from patients and insurers.
By Emily Olsen • March 6, 2024 -
i2c pursues bank clients abroad
The issuing-processing fintech sees a bigger opportunity in regions outside the U.S. to sell its core banking services, founder and CEO Amir Wain said.
By Caitlin Mullen • March 6, 2024 -
BP to upgrade mobile app, POS system
The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.
By Brett Dworski • March 6, 2024 -
Google allows alternatives in Europe, cracks down in India
The tech giant said it will expand in-app payments options in the EU, while cracking down on apps in India that it said refused to pay its fees.
By James Pothen • March 6, 2024 -
$1.95B Apple fine is eye-catching, but EU faces tough road collecting
“While we respect the European Commission, the facts simply don’t support this decision. And as a result, Apple will appeal,” the tech giant said Monday.
By Robert Freedman • March 5, 2024 -
Q&A
EU fine challenges Apple’s payments business
The tech giant is fighting “tooth and nail” to protect its commission from in-app purchases, Consumer Reports Senior Researcher Sumit Sharma said.
By James Pothen • March 5, 2024 -
Fiserv lines up FedNow clients
The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.
By Lynne Marek • March 5, 2024 -
Amex cardholder data exposed in merchant processor hack
The point-of-sale attack on a merchant processor may have compromised card numbers, expiration dates and cardholder names, Amex said in a state regulatory filing.
By Caitlin Mullen • March 5, 2024 -
Cash App enforcement action expected this year
Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.
By Lynne Marek • March 4, 2024 -
Zelle transactions jumped 28% last year to $806B
The peer-to-peer payment app provided a performance update, with transactions volume and value both up about 30% from the previous year.
By James Pothen • March 4, 2024 -
Klarna news may confirm workers’ worst fears: AI replacement
FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.
By Caroline Colvin • March 1, 2024