Technology: Page 70

  • Afterpay logo on a phone screen
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    Courtesy of Afterpay
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    Afterpay releases designer NFTs

    The buy now-pay later company will donate all proceeds from the collection to the nonprofit Free Arts NYC.

    By Dani James • Aug. 24, 2022
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    Matias Delacroix via Getty Images
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    Bill.com revenue leaps

    Bill.com’s fiscal fourth-quarter and annual revenue more than doubled as the company scooped up more mid-size and small business customers.

    By • Aug. 24, 2022
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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
  • Jimmy John's restaurant 2021, QSR
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    Courtesy of Jimmy John's
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    DailyPay releases card with Visa

    The earned wage access provider introduced the new debit card after major changes in leadership earlier this year.

    By Tatiana Walk-Morris • Aug. 23, 2022
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB spotlights payments risks

    The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

    By Caitlin Mullen • Aug. 22, 2022
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    Joe Raedle via Getty Images
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    Jack Henry expects lower margin expansion

    Higher costs, and less revenue from merger and acquisition activity, are crimping the outlook for profit margin expansion at Jack Henry & Associates.

    By • Aug. 22, 2022
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    Payments fundraising slows down in Q2: PitchBook

    Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

    By Tatiana Walk-Morris • Aug. 19, 2022
  • 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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    FedNow to launch by mid-2023, Fed official says

    The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

    By • Aug. 19, 2022
  • Close-up image of cash and credit cards
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    Credit card alternatives rise

    Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

    By Caitlin Mullen • Aug. 18, 2022
  • A Western Union sign
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    Sean Gallup via Getty Images
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    Western Union, Paymentus CFOs depart

    The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

    By Elizabeth Flood • Aug. 18, 2022
  • Walmart Connect app
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    Courtesy of Walmart
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    Walmart eyes payments opportunities

    With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

    By • Aug. 18, 2022
  • Masked people in La Joya, Texas line up under a cloudy sky, preparing to board a U.S. Border Patrol bus
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    Remitly to buy Rewire for $80M

    Cross-border payments company Remitly said it would buy the Israeli financial services company using a mix of cash and stock. 

    By • Aug. 17, 2022
  • Jason Gardner, Marqeta
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    Courtesy of Marqeta
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    Marqeta executive exodus follows IPO

    Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

    By Jonathan Berr , • Aug. 17, 2022
  • Individual holding its hand under Amazon One's palm recognition payment method at a Whole Foods Market checkout counter
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    Courtesy of Sarmishta Ramesh
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    Whole Foods expands use of Amazon One paytech

    After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

    By Peyton Bigora • Aug. 15, 2022
  • The interior of a Central Payments office location
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    Permission granted by Melissa Otten, Director of Marketing & Communications, Central Payments & Falls Fintech
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    Central Payments snags $30M

    The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.

    By Tatiana Walk-Morris • Aug. 15, 2022
  • Square POS
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    Courtesy of CashApp - Square
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    Square integrates with digital signage provider Raydiant

    New digital integrations could differentiate Block-owned Square within an increasingly competitive point-of-sale and fintech category.

    By Alicia Kelso • Aug. 15, 2022
  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Getty Images
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    Auto dealers tap U.S. Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek
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    Toast gets growth spurt in restaurant payments

    The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

    By • Aug. 11, 2022
  • Two middle school students walk down a school hallway next to a row of lockers, backs toward the camera.
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    Flywire posts net loss despite customer wins

    The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

    By Jonathan Berr • Aug. 11, 2022
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    Getty Images
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    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
  • A woman sits at a desk, looking at her phone and doing paperwork, seemingly to pay bills.
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    Getty Images
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    Jack Henry & Associates buys Payrailz

    Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

    By Jonathan Berr • Aug. 10, 2022
  • Paystamd ,buys Mexico's Yaydoo
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    Courtesy of Erica Zeidenberg
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    Paystand buys Yaydoo in Latin American push

    Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

    By Jonathan Berr • Aug. 9, 2022
  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
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    Payments buyout burst in August signals more M&A

    A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

    By • Aug. 9, 2022
  • Sen. Durbin grimaces at committee meeting.
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    Anna Moneymaker via Getty Images
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    Column

    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

    By • Aug. 8, 2022
  • Hand with phone showing Visa card image passes a hand holding another phone
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    Courtesy of Megan Cheung
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    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

    By • Aug. 5, 2022
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    Drew Angerer via Getty Images
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    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

    By Caitlin Mullen • Aug. 5, 2022