Technology: Page 3

Payment fintechs attract record capital in 2Q

Fintech startups supercharged by a rise in e-commerce drew more capital from investors in the first half of this year than ever before.

By Lynne Marek • UPDATED: July 30, 2021 at 10:02 a.m.

Fiserv, Goldman strike pact on cross-border payments

Fiserv and Goldman Sachs have agreed to team up on offering cross-border payments in the first phase of a broader payments tie.  

By Lynne Marek • July 27, 2021

Mobile wallet use projected to surge

Mobile wallet use among North American consumers is growing, but not at the heady rates in other parts of the world, according to a new study that projects a worldwide surge.

By Wendy Cole • July 27, 2021

Tap-to-phone payments expected to gain traction, industry experts say

As the need for mobile point-of-sale devices grows, companies are looking toward smartphones to streamline contactless payments.

By Vaidik Trivedi • July 22, 2021

Payveris launches P2P solution for banks and credit unions

Payveris contends that its P2P toolset is more cost-effective than that of its big, bank-backed rival Zelle, and less of a competitive concern for smaller institutions.

By Suman Bhattacharyya • July 20, 2021

Why cybersecurity keeps payments executives up at night

Payments are a critical part of the nation's infrastructure, so executives in the industry are under pressure to understand the evolving threat landscape.

By Mercedes Cardona • July 19, 2021

Intuit's new Quickbooks card-reader joins the POS payments fray

With the debut of new payments hardware, the accounting software company is bolstering its bid for small business clients amid a slew of competitors.

By Tatiana Walk-Morris • July 15, 2021

Visa rolls out BNPL for merchants

The credit card network company is making the new installment payment option available to merchants in Canada, where buy now-pay later adoption has been growing fast.

By Vaidik Trivedi • July 13, 2021

Sam's Club expands Scan & Go payment app

The updated app lets shoppers scan purchases, pick a payment option and ship them directly to their homes.  

By Maria Monteros • July 13, 2021

Bank of America catches up to competitors with crypto push

After a wave of rival banks spearheaded crypto earlier this year, BofA announced that it's put a research team on digital asset technologies.

By Dan Ennis • July 12, 2021

Splitit enables in-store BNPL payments with Apple Pay, Google Pay

The Australian company is adding the new in-store digital wallet payment options as it looks to compete in the increasingly crowded U.S. market.

By Vaidik Trivedi • July 07, 2021

Payments industry trade group taps new chair

The American Transaction Processors Coalition picked a new board leader as it maps out new initiatives, including expanding its activities at the state level.

By Lynne Marek • July 07, 2021

Fintech Karat Financial raises $26M to expand services

The company plans to move beyond credit cards and offer a suite of tools, including bank accounts and tax preparation services, for the creator economy.

By Anna Hrushka • July 06, 2021

Opinion

3 reasons to move to real-time payments

For businesses on the fence about using real-time payments, making a move to use them will provide a competitive edge and increase customer satisfaction, Dwolla CEO Brady Harris argues.

By Brady Harris • July 06, 2021

Paysafe builds up online betting, gaming payments systems

Paysafe is pushing aggressively into the online sports betting and video gaming industries with its payments technology as those industries grow in the U.S.

By Vaidik Trivedi • July 02, 2021

Rapyd buys Valitor in $100M deal

Rapyd tapped its venture capital hoard for the acquisition of Volitar, an Icelandic company that will become its European hub.

By Lynne Marek • July 02, 2021

PayPal's Zettle arrives in US, leverages QR code-based payments

The new Zettle offering in the U.S. will provide QR code-based payment options for in-store purchases.

By Vaidik Trivedi • July 01, 2021

Nearly half of diners join at least one restaurant loyalty program

The share of consumers using restaurant rewards increased 5 percentage points earlier this year, an industry report said, reflecting restaurant efforts to spur return visits, increase spending and win market share.

By Alicia Kelso • July 01, 2021

Automating invoices becomes a hot payments play

When the COVID-19 pandemic shifted work to employees' homes, businesses realized they needed a different solution for their check-cutting operations.

By Lynne Marek • July 01, 2021

Fintechs' letter, panel hearing put CFPB's lending, credit stances in spotlight

Lawmakers are debating putting CFPB in charge of credit reporting as fintechs like Varo and Square seek clarity from the agency on its disparate impact.

By Dan Ennis • June 30, 2021

Mastercard CEO, FDIC Chair call on fintech industry to press financial inclusion

In a post-pandemic world, financial institutions and companies are putting more effort into leveraging technological advances to bring more people into the financial system, while innovating to remove digital barriers.

By Lynne Marek , Vaidik Trivedi • June 30, 2021

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