Technology: Page 24
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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 -
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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 -
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TrendlineEmbedded 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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
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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 -
Courtesy of Amazon
ColumnPayPal’s new CEO takes the Venmo challenge
PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.
By Lynne Marek • March 21, 2024 -
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ABA, U.S. Postal Services jointly combat check fraud
American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.
By Tatiana Walk-Morris • March 21, 2024 -
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Meta’s payment plays may pay off this year: report
A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.
By James Pothen • March 20, 2024 -
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Clearing House’s ACH growth rate outstrips Fed
Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.
By Lynne Marek • March 19, 2024 -
Courtesy of Mastercard
Mastercard extends tie to Alipay
The card giant said the expanded partnership will let the Chinese digital wallet company’s 1 billion users send payments to 180 markets.
By Lynne Marek • March 19, 2024 -
Courtesy of FuboTV
Nuvei forms committee to evaluate ‘strategic alternatives’
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
By Lynne Marek • March 18, 2024 -
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Marqeta CFO touts EWA expansion
The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.
By James Pothen • March 18, 2024 -
Courtesy of Afterpay
Afterpay extends reach beyond apparel
The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.
By Tatiana Walk-Morris • March 18, 2024 -
Mykola Pokhodzhay via Getty Images
Q&AFreedomPay doubles down on gateway focus
The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal.
By Caitlin Mullen • March 18, 2024 -
Permission granted by Modern Treasury
Sponsored by Modern Treasury3 pieces of modern infrastructure needed to manage tech-disrupted finance flows
Soon, all payments will begin and end with software. Which innovations should companies prioritize now?
March 18, 2024 -
Lynne Marek/Payments Dive
CFPB warns of ‘dangers’ on standards for open banking
“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.
By Lynne Marek • March 15, 2024 -
Retrieved from Business Wire on March 14, 2024
Fiserv searches for ‘tuck-in type’ deals
Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.
By Caitlin Mullen • March 15, 2024 -
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OpinionFintech founder backs Google, Apple
“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.
By Kingsley Ezeani • March 15, 2024 -
Permission granted by John Kraft
Q&AACI CEO weighs in on FedNow, cross-border payments
The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.
By Lynne Marek • March 14, 2024 -
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Banking apps fall short on fraud protections: report
Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.
By James Pothen • March 14, 2024
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