Technology: Page 66
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Moneygram versus Western Union competition rises at Walmart
Moneygram executives blamed competition with Western Union for a drop in revenue from its walk-in money transfer business at Walmart stores.
By Lynne Marek • Updated Nov. 4, 2021 -
Permission granted by American Express
Amex rolls out first-ever debit card
The card company is making the debit card available to small- and mid-sized businesses in connection with a new checking account offering.
By Lynne Marek • Oct. 29, 2021 -
Explore the Trendlineâž”
ArtemisDiana via Getty Images
TrendlineCross-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 -
Courtesy of Fiserv
Fiserv loses big client identified as Stripe
The company told analysts on an earnings call that volumes were impacted by the exit of a "large processing client." Analysts identified that client as the mega-fintech Stripe.
By Lynne Marek • Oct. 28, 2021 -
Courtesy of American Express
Amex touts youthful spending
As the card company's marketing lures more cardholders, its executives are pleased to see new young customers outspending their elders.
By Lynne Marek • Oct. 27, 2021 -
Christopher Furlong via Getty Images
Valley Bank unveils payments app for cannabis businesses
Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.
By Anna Hrushka • Oct. 27, 2021 -
Justin Sullivan via Getty Images
BNPL needs Visa to scale, CEO argues
Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.
By Lynne Marek • Oct. 27, 2021 -
Retrieved from ATPC on July 07, 2021
Elavon eyes BNPL arena
Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.
By Lynne Marek • Oct. 26, 2021 -
Retrieved from Stripe's Stephen Imm on October 26, 2021
Stripe and Klarna hook up
Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.
By Lynne Marek • Oct. 26, 2021 -
Sean Gallup via Getty Images
PayPal douses reports of a Pinterest purchase
With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.
By Lynne Marek • Oct. 25, 2021 -
Courtesy of Adyen
ACH payments rise to new record
ACH Network electronic payments volume climbed 7.7% during the third quarter to a new quarterly record, though the rate of increase slowed as stimulus payments ebbed.
By Ted Jackson • Oct. 25, 2021 -
stock.adobe.com/rh2010
Sponsored by OnbePayment choice is rapidly diversifying. Here's why it matters for brands.
Today's customers and workers want to choose how they get paid. Is your brand ready?
Oct. 25, 2021 -
Permission granted by Vast Bank
Vast Bank's new offering lures "crypto curious"
"Banks for centuries have been safe keepers and custodians of what people value," said CEO Brad Scrivner. "In today's world, that's now digital assets."
By Anna Hrushka • Oct. 22, 2021 -
Courtesy of Klarna
Klarna delivers BNPL to WIX sellers
The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.
By Tatiana Walk-Morris • Oct. 22, 2021 -
Courtesy of Pinterest
Is PayPal pining for Pinterest?
A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry.
By Lynne Marek • Oct. 21, 2021 -
Chris Hondros via Getty Images
Goldman Sachs, AmEx debut corporate payments service
The investment bank partnership with the largest issuer of business cards aims to make payments easier and more efficient for institutional clients.
By Robin Bradley • Oct. 20, 2021 -
Permission granted by Stripe
Stripe agrees to buy Recko
The payments fintech giant is buying Bangalore-based Recko to add more accounting capabilities to its quiver of financial tools for businesses.
By Lynne Marek • Oct. 20, 2021 -
Dan Kitwood/Getty Images News via Getty Images
Ransomware activity soars, Treasury finds
The number of "suspicious activity reports" filed this year has already jumped 30% over the 2020 total, and the agency has tracked billions of dollars in bitcoin payments potentially linked to ransomware.
By Samantha Schwartz • Oct. 19, 2021 -
Matt Cardy via Getty Images
OpinionRetail groups urge credit swipe routing changes
Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are.
By Doug Kantor • Oct. 19, 2021 -
Dan Kitwood/Getty Images News via Getty Images
Column
Celsius, Tether and the 'known known'
Lender Celsius' admission that Tether accepts crypto tokens in exchange for stablecoins should be a bombshell. Rather, it confirms a suspicion regulators held so strongly that they've already penalized Tether for it. Twice.
By Dan Ennis • Oct. 19, 2021 -
Spencer Platt via Getty Images
Fiserv expands restaurant reach with BentoBox purchase
The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.
By Lynne Marek • Oct. 18, 2021 -
Courtesy of Coinbase
Coinbase sees single regulator, new framework for crypto supervision
The approach would keep companies from having to comply with several agencies, which are adapting old laws to new tech, and help maintain the U.S.'s status as a "shaper" of oversight, Coinbase said.
By Dan Ennis • Oct. 18, 2021 -
Billtrust makes $58M acquisition in Europe
The business-to-business software company aims to attract more European clients with the purchase of collections management software firm iController.
By Tatiana Walk-Morris • Oct. 15, 2021 -
Drew Angerer via Getty Images
PayPal takes stake in LatAm SPAC
The digital payments giant disclosed that it bought a minority stake in the SPAC rolled out this month by Latin American e-commerce behemoth MercadoLibre and venture capital firm Kaszek.
By Lynne Marek • Oct. 14, 2021 -
Courtesy of Google
SumUp spearheads US growth with $317M Fivestars acquisition
The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.
By Lynne Marek • Oct. 14, 2021 -
Tim Boyle via Getty Images
AvidXchange's IPO swells to $660M
The debut offering from the payments software firm AvidXchange ballooned this week when the company sold more shares than previously expected at top dollar.
By Lynne Marek • Updated Oct. 14, 2021
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