Technology: Page 56

  • Gaming chairs lined up with computers.
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    Tilia C-suite gets overhaul

    The payments startup has a new team of top executives to spearhead payments for gaming, social media and other next-generation marketplaces.

    By • March 14, 2023
  • Payment being charged through card
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    Getty Images/iStockphoto/PeopleImages

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    Sponsored by PayiQ

    Cloud-enabled processing with PayiQ: The key to automating merchant onboarding

    In a world where merchants expect fast and easy payments, the time required for ISOs and ISVs to complete arduous technical onboarding processes can cost sales and damage reputations.

    March 13, 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
  • Affirm and Amazon
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    Courtesy of Affirm
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    Affirm courts Amazon for more business

    Even as it angles for an increase, the buy now, pay later provider’s CFO acknowledged Thursday that its juggernaut e-commerce partner has other BNPL options.

    By Caitlin Mullen • March 10, 2023
  • A sign on a drinks case door that reads "We accept SNAP/EBT."
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    Catherine Douglas Moran/Payments Dive
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    USDA picks 5 states for mobile SNAP payments pilot

    Illinois, Louisiana, Massachusetts, Missouri and Oklahoma are working with the government agency to expand payment options for SNAP consumers. 

    By Catherine Douglas Moran • March 9, 2023
  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    FedNow may draw in low-income users

    The real-time payments system due later this year could have particular appeal to unbanked and underbanked Americans, Fed researchers say.

    By • March 9, 2023
  • Woman's hand selecting subscription options on tablet screen
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    Getty Images
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    Pagos aims to check merchants’ payments costs

    With a recent venture capital infusion for the merchant software tools provider, Pagos is planning to add jobs, including engineers.

    By Ryan Deffenbaugh • March 9, 2023
  • The letters AI on a digital block
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    Getty Images
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    Brex offers ChatGPT-style tools

    The announcement comes as interest in ChatGPT is rapidly gaining momentum, even as some worry about potential privacy and security risks.

    By Alexei Alexis • March 8, 2023
  • Person using a point of sale software system at a restaurant
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    Getty Images
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    Shift4 needles rival Toast

    Toast and Shift4 are battling to win larger customers in the intensely competitive restaurant payments arena. 

    By Caitlin Mullen • March 8, 2023
  • Amazon Go first store
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    Retrieved from Amazon press page.
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    Amazon Go to close 8 of its stores

    The company will close the checkout-free stores next month as it struggles to get its physical retail footprint right.

    By Brett Dworski • March 7, 2023
  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm exits Australia

    Less than two years after launching in Australia, the buy now, pay later company is shuttering its operations there.

    By Caitlin Mullen • March 7, 2023
  • Person carries their belongings out of an office
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    Getty Images
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    Banking technology provider Amount cut 25% of staff

    The Chicago-based fintech, which was valued at $1 billion in 2021, recently initiated its second round of layoffs in less than a year.

    By Anna Hrushka • March 6, 2023
  • View of PayPal logo outside of company headquarters
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    Justin Sullivan via Getty Images
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    PayPal leans on Venmo for growth

    While the digital payments pioneer has kept its PayPal and Venmo operations separate, the parent company expects them to converge in about a year.

    By • March 6, 2023
  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Senators urge regulators to keep close eye on Zelle

    Five Democrats blasted the platform for its use of murky language, such as “authorized” transactions, in fraud-related reimbursements of customers.

    By Rajashree Chakravarty • March 6, 2023
  • Diagram of FedNow payments
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    Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
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    Jack Henry, ACI pounce on FedNow

    The companies are gearing up to add U.S. real-time services for customers with the mid-year launch of the Federal Reserve instant payments system.

    By • March 3, 2023
  • An employee uses Square point of sale hardware
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    Courtesy of Square
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    Square raises prices

    The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

    By Caitlin Mullen • March 2, 2023
  • Officials and employees celebrate the grand opening of Fiserv's Berkeley Heights, New Jersey office on Nov. 15.
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    Permission granted by Fiserv
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    Fiserv discloses 7% drop in workforce

    As the company cut 3,000 employees, Fiserv’s employee termination costs nearly doubled to $187 million in 2022.

    By Caitlin Mullen • March 2, 2023
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Shift4 adds PayPal’s checkout tools

    Shift4 will promote the digital payments giant’s checkout capabilities to merchants and receive a share of revenue for any PayPal checkout.

    By Caitlin Mullen • March 1, 2023
  • Mastercard image of two interlocking circles and a horizon seen through them.
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    Courtesy of Mastercard
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    Mastercard embraces nationalism

    The card company isn’t shying away from countries in which the governments are taking a more insular approach to building their payments systems.

    By • March 1, 2023
  • Three iPhones grouped together. On the left is products of shoes, the middle shows a woman putting on lip liner, and the right shows a screen full of data insights.
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    Courtesy of Klarna
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    Klarna’s growth comes at a cost

    The buy now, pay later pioneer kept up growth despite employee cuts last year. The credit loss rate edged up too.

    By • Feb. 28, 2023
  • Sezzle CEO Charlie Youakim
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    Retrieved from Kaitlyn Fitzgerald, a spokesperson for Charlie Youakim on January 24, 2022
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    Sezzle ekes out a profit

    The buy now, pay later company has cut costs by winding down operations in some markets, renegotiating prices with merchants and tightening underwriting.

    By Caitlin Mullen • Feb. 28, 2023
  • Remitly's digital bank Passbook targets immigrants.
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    Permission granted by Remitly
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    Remitly to shutter digital banking platform Passbook

    The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.

    By Anna Hrushka • Feb. 27, 2023
  • Business person handles accounting
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    Getty Images
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    Paymentus bets on office return boost

    New business bookings and onboarding of signed clients have both picked up steam as workers return to offices, said Paymentus CEO Dushyant Sharma.

    By Caitlin Mullen • Feb. 27, 2023
  • cryptocurrency graphic
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    Getty Images
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    Transparency key to crypto’s next phase: Circle CFO

    USDC issuer Circle is moving to become a public company, its CFO said, even as regulatory attention on the space sharpens.

    By Grace Noto • Feb. 24, 2023
  • Green Dot GO2bank
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    Courtesy of Green Dot
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    Green Dot juggles customer changes

    The banking-as-a-service company posted profits in the final quarter of last year even as it recovered from the loss of clients.

    By • Feb. 24, 2023
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    Joe Raedle via Getty Images
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    Block boosts Ahuja’s responsibilities

    Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.

    By Caitlin Mullen • Feb. 24, 2023