Technology: Page 59


  • PayPal logo depicted on a sign.
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    Sean Gallup via Getty Images
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    PayPal confirms data breach

    Impacted customers were notified of the incident nearly a month after it was discovered. It’s unclear where or how customer account credentials were obtained.

    By Matt Kapko • Jan. 20, 2023
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    Matias Delacroix via Getty Images
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    Billtrust plots growth in B2B

    Although many companies are pulling back spending amid the darker economic climate, new CEO Sunil Rajasekar said the B2B payments firm is not. 

    By Caitlin Mullen • Jan. 19, 2023
  • 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
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    Flexible rent payment options gain ground

    A growing number of companies are bringing buy now, pay later to the rental market as inflation drives up housing costs and renters struggle to pay on time.

    By Robyn Griggs Lawrence • Jan. 18, 2023
  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    2023 Payments Outlook

    What payments can expect from Washington this year

    From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

    By Caitlin Mullen • Jan. 18, 2023
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    Mark Wilson via Getty Images
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    US payments startup funding cut in half last year

    Venture funding for payments companies dropped 50% globally last year too, but they attracted more than other fintechs in the fourth quarter.

    By Caitlin Mullen • Jan. 18, 2023
  • An image of the sign for a ShopRite supermarket as photographed on March 18, 2020 in Plainview, New York.
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    Bruce Bennett via Getty Images
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    Wakefern unveils frictionless checkout pilot

    The supermarket operator teamed with tech firm Trigo to open an autonomous convenience store at its New Jersey corporate campus.

    By Catherine Douglas Moran • Jan. 18, 2023
  • A photo of the interior of a Parkland convenience store.
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    Permission granted by Parkland USA
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    How Parkland USA is bringing self checkout to its stores

    The fuel and convenience store company is considering expanding payment offerings through the self-checkout kiosks, including mobile and ACH options.

    By Jessica Loder • Jan. 17, 2023
  • Shoppers stand in front of a store window with large signs boasting sales
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    Sean Gallup via Getty Images
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    Oracle jumps into payments for retailers

    The tech titan will now process payments for retailers, as opposed to sending that part of a transaction to third parties.

    By Jan. 13, 2023
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    PayPal, Visa team on faster cross-border payments

    PayPal’s Xoom service has linked with Visa Direct to offer real-time debit card deposits in 25 countries where U.S. residents can send money.

    By Jan. 13, 2023
  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
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    2023 Payments Outlook

    These payments companies could be acquisition targets

    With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

    By Caitlin Mullen • Jan. 12, 2023
  • American Express sticker on a window
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    Justin Sullivan via Getty Images
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    Amex acquires B2B automation company Nipendo

    The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market. 

    By Caitlin Mullen • Jan. 12, 2023
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    Paya purchase bolsters Nuvei for economic downturn

    With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

    By Jan. 11, 2023
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    Peter_Cho via Getty Images
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    Fintech funding tumbled in 2022

    U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

    By Caitlin Mullen • Jan. 11, 2023
  • An Amazon Prime delivery truck sits at a facility.
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    Courtesy of Amazon
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    Amazon expands ‘Buy with Prime’ to all US merchants

    With help from Saas platform BigCommerce, the e-commerce giant is even looping sellers outside its own marketplace into its ecosystem.

    By Daphne Howland • Jan. 11, 2023
  • View of PayPal logo outside of company headquarters
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    Justin Sullivan via Getty Images
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    PayPal loses another finance executive

    The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company.

    By Jan. 10, 2023
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    Deep Dive // 2023 Payments Outlook

    6 payments trends to watch in 2023

    FedNow, embedded payments, deal-making, cybersecurity and more mature BNPL will be dominant themes, among others, in the industry this year.

    By , Caitlin Mullen • Jan. 10, 2023
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    Nuvei to acquire Paya for $1.3B

    Nuvei’s acquisition of the Atlanta company will strengthen its position in global e-commerce, integrated payments and B2B, CEO Philip Fayer said.

    By Caitlin Mullen • Jan. 9, 2023
  • CargoSprint
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    Cargo payment firms duel in court

    CargoSprint and PayCargo have battled for years over antitrust violations, intellectual property and trademark infringement, among other nettlesome issues.

    By Robert Freedman • Jan. 9, 2023
  • PayPal CEO Dan Schulman sitting and gesturing with his hand.
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    Eugene Gologursky via Getty Images
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    Will PayPal get a new CEO?

    CEO Dan Schulman faces speculation about his exit. “We think he could move on from PayPal, legacy intact,” one analyst team wrote.

    By Jan. 9, 2023
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    Extend targets hiring, expansion

    The virtual corporate card and expense management services company plans to increase its workforce by 20% as it expands in the U.S. and abroad.

    By , Caitlin Mullen • Jan. 8, 2023
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    Opinion

    Can anything challenge ACH?

    The ACH system has proven to be scalable, secure, ubiquitous and reliable, but complaints about processing times persist, writes Sila CEO Shamir Karkal.

    By Shamir Karkal • Jan. 6, 2023
  • Two hands holding credit cards.
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    Joe Raedle via Getty Images
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    Card industry’s fraud-fighting efforts pay off: Nilson Report

    Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report.

    By Caitlin Mullen • Jan. 5, 2023
  • Coinbase
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    Courtesy of Coinbase
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    Coinbase to pay $100M in settlement

    The system that flags suspicious activity saw a backlog of more than 100,000 alerts in late 2021, New York's Department of Financial Services found.

    By Gabrielle Saulsbery • Jan. 5, 2023
  • Office workstation top view of business people working around M&A, keyboard, calculator, phablet and money on wooden table
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    2023 Payments Outlook

    Payments deals may climb in 2023

    While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

    By Jan. 4, 2023
  • Frank Bisignano, Fiserv CEO
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv CEO lands pay raise in new contract

    The payments company renewed Frank Bisignano’s contract for another five years and gave him a 6% base salary increase.

    By Caitlin Mullen • Jan. 3, 2023