Technology: Page 43

  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB unveils open banking proposal

    The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.

    By Anna Hrushka • Oct. 20, 2023
  • A person uses Square's generative AI to set up a website for a retail brand.
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    Courtesy of Square
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    Square adds generative AI tools for sellers

    The point-of-sale provider's latest features include menu and website copy generators, which are designed to automate operations and increase efficiency.

    By Aneurin Canham-Clyne • Oct. 19, 2023
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    Trendline

    Digital wallets proliferate as features advance

    As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

    By Payments Dive staff
  • A group of six Federal Reserve Board members stand shoulder to shoulder with U.S. and state flags behind them.
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    Drew Angerer via Getty Images
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    Fed’s Bowman urges ‘responsible innovation’

    Federal Reserve Governor Michelle Bowman said the U.S. already has a “safe and efficient payment system” that could be disrupted by CBDCs or stablecoins.

    By • Oct. 19, 2023
  • Plaid CFO Eric Hart
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    Plaid names first CFO

    The move comes as the 10-year-old fintech company is reportedly considering going public after its failed agreement to be acquired by Visa.

    By Alexei Alexis • Oct. 19, 2023
  • A photo of self checkout at a Lumberton, North Carolina, Minuteman Food Mart store.
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    Permission granted by Minuteman Food Mart
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    How convenience chain Minuteman is optimizing self checkout

    After a retrofit at a high-volume store failed, the North Carolina-based convenience store company went back to the drawing board and improved the design.

    By Jessica Loder • Oct. 18, 2023
  • Coin stack on international banknotes with house model on table.
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    ACI, states reach $20M in settlements over payments mishap

    The company is being penalized for unauthorized withdrawals, and attempted withdrawals, from mortgage customer accounts in April 2021.

    By Tatiana Walk-Morris • Oct. 18, 2023
  • Stacks of $100 bills being produced.
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    Mark Wilson via Getty Images
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    Payments funding slips further

    While investments in payments startups dropped during the third quarter, U.S. companies attracted the most funding, according to a CB Insights report.

    By Caitlin Mullen • Oct. 18, 2023
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    Visa appoints advisory council for policy institute

    The new council is tasked with providing “strategic guidance” to the San Francisco-based card giant’s Washington think tank, but none of the initial members are based in the U.S.

    By • Oct. 18, 2023
  • Stax CEO Paulette Rowe
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    Retrieved from Business Wire on August 03, 2023
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    Stax scoops up paytech firm

    Payments technology provider Stax has purchased a processing services provider in its first acquisition since CEO Paulette Rowe took over in August.

    By • Oct. 17, 2023
  • Businesswoman checks online invoice
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    Global Payments B2B leader mulls M&A

    The head of B2B at Global Payments is keeping an eye out for acquisitions as he focuses on bringing the company’s business-to-business services to market.

    By Caitlin Mullen • Oct. 17, 2023
  • A woman using a mobile phone with online transaction appl
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    Consumer group pushes for stricter EWA protections

    In a recent web post, the National Consumer Law Center issued a number of policy recommendations for states seeking to regulate earned wage access companies.

    By • Oct. 16, 2023
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    Michael M. Santiago / Staff via Getty Images
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    Q&A

    Fiserv exec talks Carat competition, growth

    Carat’s recent expansion of its relationship with customer Inspire Brands “is what ‘good’ looks like in many ways for us,” said Casey Klyszeiko, the head of Fiserv’s global commerce platform for large clients.

    By Caitlin Mullen • Oct. 16, 2023
  • Cash from various countries is shown
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    Cash use falls as instant payments gain ground: McKinsey

    Global cash use declined four percentage points last year, continuing a pandemic-era trend, consulting firm McKinsey said in a recent report.

    By Debbie Carlson • Oct. 13, 2023
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    NMI acquires Sphere division

    The deal will enhance NMI’s underwriting capabilities and allow ISVs and fintechs to create merchant accounts within the company’s existing platform, NMI said. 

    By Tatiana Walk-Morris • Oct. 12, 2023
  • Fiserv headquarters in Brookfield, Wisconsin
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    Google Maps

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    Fiserv buys Brazil’s Skytef

    With the purchase, the payment processor said it adds about 600 independent software vendor partners and about 27,000 merchants in Brazil.

    By Caitlin Mullen • Oct. 12, 2023
  • Young woman depositing check by phone in a cafe.
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    Check use persists in B2B, despite digital acceptance

    Although roughly 99% of vendors surveyed accept ACH payment, the share of payments made via check was neck-and-neck with that for ACH this year, according to a MineralTree report.

    By • Oct. 12, 2023
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Fed’s Waller pushes back on criticism of FedNow’s adoption rate

    “We have got more in the pipeline and there are various estimates that could range from 250 to 350 by the end of the year, and they just continue to grow as banks do it,” the central bank governor said at a recent payments event.

    By Rajashree Chakravarty • Oct. 11, 2023
  • An image shows a person on a computer and mobile device handling financial transactions.
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    i2c chases partnerships to power growth

    The issuing-processing fintech is pursuing tie-ups with Deloitte, PwC and other big advisory firms to further its growth globally.

    By Caitlin Mullen • Oct. 11, 2023
  • An image of a digital lock is shown
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    Fiserv among MOVEit cyberattack victims

    The payment processor recently notified one of its customers, Flagstar Bank, that it was entangled in a May cyberattack that’s affected more than 2,000 organizations.

    By Caitlin Mullen • Oct. 10, 2023
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    What 3 retailers’ approach to crypto says about the market

    Pacsun, GameStop and Tag Heuer have all introduced crypto activations in recent years as the payment option grew in popularity.

    By Xanayra Marin-Lopez • Oct. 10, 2023
  • A CEO in a leopard=print dress standing in front of a glass door.
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    Permission granted by Orum.

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    Orum uses FedNow to launch account verification tool

    The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.

    By • Oct. 10, 2023
  • A parking garage with cars.
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    Metropolis snags parking company SP Plus for $1.5B

    The purchase will expand Metropolis’ services, which facilitate parking payments without on-site cash or credit cards, to over 3,300 locations across North America.

    By Joe Burns • Oct. 9, 2023
  • The exhibit floor at the Nacha Smarter Faster Payments conference in Miami this year.
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    Lynne Marek/Payments Dive
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    Payments conferences yet to come in 2024

    Payments professionals still have plenty of choices when contemplating conferences to attend in the second half of the year. Here are our staff picks.

    By • Updated July 3, 2024
  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB’s Chopra warns of ‘financial censorship’ in payments

    The federal agency is considering regulatory action to better protect U.S. consumers from “excessive surveillance,” Director Rohit Chopra said last week during a Brookings Institution event.

    By • Oct. 9, 2023
  • Person sits on a couch shopping on an iPad next to a Christmas tree.
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    BNPL to drive $17B in online holiday spending: Adobe

    Online mobile spending will surpass computers for the first time and shoppers will turn more to buy now, pay later services, according to the report.

    By Tatiana Walk-Morris • Oct. 6, 2023