Technology: Page 5

  • Man leans over laptop with head in hand looking at credit card.
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    Butsaya via Getty Images
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    Shame drives rampant underreporting of fraud

    Push-payment scams are at a "crisis level," consumer advocates at a Payments Dive virtual event said, with losses totaling perhaps more than 15 times what's reported.

    By Gabrielle Saulsbery • Feb. 19, 2025
  • The Federal Reserve building is seen January 22, 2008 in Washington, DC. People walk by.
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    Chip Somodevilla via Getty Images
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    Fed delays start of new Fedwire standard

    The central bank postponed a deadline for banks and credit unions to move Fedwire payments to the ISO 20022 format. That may also hold up a broader industry modernization effort.

    By • Feb. 19, 2025
  • Graphic of digital money transfer symbols overlaid on a map of the world Explore the Trendline➔
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    ArtemisDiana via Getty Images
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    Trendline

    Cross-border payments targeted for upgrades

    When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

    By Payments Dive staff
  • Workers sit at computers on tables in a room, covering their faces with various objects.
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    Ezra Acayan via Getty Images
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    Payments players mull new approaches to fraud

    Google, Nacha, Early Warning Services and Truist are among the companies seeking to better protect the e-commerce ecosystem from push-payment scams.

    By • Feb. 18, 2025
  • A phone featuring the Facebook and Instagram apps.
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    Kenneth Cheung via Getty Images
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    How payment scams start on social media

    Bad actors contact consumers through social media and then persuade them to send money over payment platforms, a JPMorgan Chase payments executive said during a Payments Dive virtual event.

    By • Feb. 18, 2025
  • People standing at a booth in front of a conference booth with a placard that says 'FIS.'
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    Lynne Marek/Payments Dive
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    FIS acquires Demica, Dragonfly

    Fidelity National Information Services has been buying up businesses as it seeks to expand, especially in providing services to chief financial officers and in the digital arena.

    By • Feb. 13, 2025
  • Tampa, Florida, skyline is pictured at dusk
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    Sean Pavone via Getty Images
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    Wise to close Tampa office, cut 300 employees

    The fintech will shutter its Florida location in November, with layoffs starting in April. Wise will consolidate Americas teams in Austin, New York and São Paulo.

    By Rajashree Chakravarty • Feb. 12, 2025
  • Walmart app homepages on three phones.
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    Courtesy of Walmart
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    Opinion

    Payment tools proliferate, consolidation looms

    “The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”

    By Justin Grooms • Feb. 12, 2025
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna, JPMorgan to offer BNPL to business clients

    The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.

    By • Feb. 11, 2025
  • Illustration with a dollar sign in the middle and a circle around it with what looks like circuitry board lines running to it.
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    Chor muang via Getty Images
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    Senators reintroduce bill to bar CBDC

    Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

    By • Feb. 10, 2025
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm to emphasize no-interest loans

    The company said that offering more interest-free financing options would drive profits by bringing in more customers.

    By • Feb. 10, 2025
  • Taylor Swift on stage
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    Kevin Winter via Getty Images
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    Cashless concerts and events catch on

    By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.

    By Shefali Kapadia • Feb. 7, 2025
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    Chip Somodevilla via Getty Images
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    Treasury responds to concerns about Musk ‘meddling’

    A Treasury Department official sought to allay a senator’s concerns about DOGE staffers gaining access to the U.S. payments system, but sidestepped questions Tuesday. The issue escalated at a Wednesday hearing.

    By • Feb. 6, 2025
  • Fiserv CEO Frank Bisignano
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    Caitlin Mullen/Payments Dive, data from Fiserv
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    Fiserv doubles down on embedded finance

    Company executives touted a recent partnership with DoorDash and said the company has more embedded finance deals in the pipeline.

    By • Feb. 6, 2025
  • Employees work at a retail checkout counter.
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    Michael M. Santiago via Getty Images
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    NCR Voyix shifts chairman to CEO post

    The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.

    By Tatiana Walk-Morris • Feb. 6, 2025
  • Cash App logo lit in neon
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    Anna Webber via Getty Images
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    Cash App, Venmo app downloads decline

    Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.

    By • Feb. 5, 2025
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    mikkelwilliam via Getty Images
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    Gamers support CFPB video game payments rule

    Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.

    By • Feb. 4, 2025
  • Stack of coins on a scale
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    sommart via Getty Images
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    Flutterwave CFO keeps eye on ‘sustainable’ profitability

    It’s important to prioritize enabling stable revenue and solid profitability given the macroeconomic volatility in the African markets where Flutterwave operates, CFO Mitesh Popat said.

    By Grace Noto • Feb. 3, 2025
  • Lady Gaga wearing a white gown appears in a promotional image for Mastercard to promote her album "Mayhem."
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    Permission granted by Mastercard
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    Mastercard places ad with Lady Gaga

    In a tie-up with the musical artist for her eighth studio album, the card network rolled out a new ad during the Grammy Awards on Sunday.

    By Peter Adams • Feb. 3, 2025
  • CFPB Director Rohit Chopra
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    Kent Nishimura / Stringer via Getty Images
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    Chopra finally exits CFPB as Bessent steps in

    The agency’s deputy director, Zixta Martinez, was initially named acting director, but a terse press release Monday designated U.S. Treasury Secretary Scott Bessent to that role.

    By Dan Ennis • Feb. 3, 2025
  • Donald Trump sits at his desk in the Oval Office with his hands clasped.
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    Chip Somodevilla via Getty Images
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    What’s coming for the payments industry in 2025

    Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.

    By Payments Dive staff • Jan. 31, 2025
  • Customer pays at business
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    Creative via Getty Images
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    Q&A

    Worldpay tackles fraud-fighting in new ways

    The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.

    By • Jan. 30, 2025
  • Cryptocurrency tokens lying next to a gavel
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    Just_Super via Getty Images
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    Visa’s ex-CFO joins crypto company advisory board

    The appointment adds a former top executive of a major card network to Fireblocks’ board as cryptocurrency firms seek more credibility.

    By Grace Noto • Jan. 30, 2025
  • The Amazon logo seen at Amazon campus in Palo Alto, California on February 18, 2020.
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    hapabapa via Getty Images
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    TransferMate joins Amazon’s payments pack

    As part of the e-commerce giant’s ecosystem, the Irish business-to-business payments provider can advance its bid to expand internationally.

    By Tatiana Walk-Morris • Jan. 30, 2025
  • The HSBC sign and logo pictured outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC sunsets year-old app Zing

    The bank launched the money transfer app last year in a bid to compete with cross-border payments companies like Wise and Remitly, but is shuttering the operation now.

    By Rajashree Chakravarty • Jan. 29, 2025
  • A digital OOH advertisement for Apple's "Pay The Apple Way" campaign.
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    Courtesy of Apple
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    Apple, Google coalition seeks to skirt payments rule

    Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.

    By • Jan. 29, 2025