Technology: Page 26
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Courtesy of Klarna International
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 -
Courtesy of Affirm
Q&AAffirm preps for UK launch
Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.
By Caitlin Mullen • March 1, 2024 -
Explore the Trendlineâž”
NatalyaBurova via Getty Images
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 -
Courtesy of Green Dot
Green Dot faces Fed’s proposed consent order
The digital bank set aside $20 million to cover a potential penalty stemming from compliance risk management issues predating the company’s current management.
By Gabrielle Saulsbery • Feb. 29, 2024 -
Chip Somodevilla via Getty Images
Treasury Department to develop financial inclusion strategy
The department is considering how to measure and improve financial inclusion across payments and other financial services.
By Tatiana Walk-Morris • Feb. 29, 2024 -
Eugene Gologursky / Stringer via Getty Images
Fiserv ponders M&A
CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.
By Caitlin Mullen • Feb. 29, 2024 -
Ming Yeung via Getty Images
Apple begins sharing BNPL data with Experian
The development may spur rival BNPL providers to follow suit, according to Ed deHaan, a professor at the Stanford Graduate School of Business.
By James Pothen • Feb. 29, 2024 -
Sviatlana Zyhmantovich via Getty Images
App features bolster Zip’s US revenue growth
Gamified repayment and variable first installments were two features that CEO Cynthia Scott said contributed to the BNPL company’s U.S. revenue growth.
By James Pothen • Feb. 28, 2024 -
Lynne Marek/Payments Dive
ColumnFed official makes a case for the dollar’s hegemony
Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.
By Lynne Marek • Feb. 27, 2024 -
Courtesy of Amazon
Amazon expands smart carts pilot
The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store.
By James Pothen • Feb. 27, 2024 -
Maks_Lab via Getty Images
Q&ACapital One-Discover deal may spur payments M&A
The blockbuster deal is set “to trigger a bunch of rethinking across the industry,” said Erin McCune, a partner at consulting firm Bain & Company.
By Caitlin Mullen • Feb. 27, 2024 -
Courtesy of Publix
Self-checkout promises ultimate convenience. Is it doing its job?
The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said.
By Bryan Wassel • Feb. 26, 2024 -
Courtesy of FIS
FIS promises expanding profit margins
Fidelity National Information Services promised bigger profit margins this year from its newly reconfigured business focused on banking and capital markets.
By Lynne Marek • Feb. 26, 2024 -
Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze
EWS launches wallet in South Carolina, Arizona ahead of wider rollout
Launching the Paze wallet will require preloading about 150 million cards, meaning the launch will occur as “more of a ramp up over a few months,” EWS Managing Director James Anderson said.
By James Pothen • Feb. 26, 2024 -
Justin Sullivan / Staff via Getty Images
Google Pay app to be retired in US this year
“To simplify the app experience, the U.S. version of the standalone Google Pay app will no longer be available,” the tech giant said in a Thursday blog post.
By James Pothen • Feb. 23, 2024 -
Brendon Thorne via Getty Images
PayPal finance exec jumps to Flywire CFO seat
Cosmin Pitigoi’s appointment comes six months after Flywire announced its long-time finance chief would be exiting.
By Maura Webber Sadovi • Feb. 23, 2024 -
Sam Silverstein/Payments Dive
Cash-strapped consumers turn to BNPL: Fed survey
Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.
By Tatiana Walk-Morris • Feb. 23, 2024 -
Kevin Dietsch / Staff via Getty Images
Affirm sheds workers
The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.
By Caitlin Mullen • Feb. 22, 2024 -
Retrieved from Senate Banking Committee.
OCC’s Hsu calls for federal payments licensing
The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.
By James Pothen • Feb. 22, 2024 -
Kent Nishimura via Getty Images
Warren probes Zelle scam policy
Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.
By James Pothen • Feb. 21, 2024 -
Chip Somodevilla via Getty Images
Cross-border payments remain focus for Fed
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
By Lynne Marek • Feb. 20, 2024 -
Justin Sullivan via Getty Images
PayPal invests in AI startup Rasa
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
By Tatiana Walk-Morris • Feb. 20, 2024 -
Kelly Sullivan via Getty Images
Meta forces Apple fees on advertisers
Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.
By James Pothen • Feb. 16, 2024 -
Permission granted by Toast
Toast to cut 550 employees
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
By Lynne Marek • Feb. 16, 2024 -
Bet_Noire via Getty Images
Same-day payments drive ACH increase: Nacha
Peer-to-peer transactions also contributed to a 4.8% increase in payments volume for the ACH Network last year over 2022.
By Tatiana Walk-Morris • Feb. 15, 2024 -
whyframestudio via Getty Images
Global Payments may pare operations
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
By Lynne Marek • Feb. 15, 2024
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