Technology: Page 71
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Courtesy of Toast Inc.
Toast buys xtraChef for back-office payments and operations management
The acquisition will allow the point of sale (POS) company to offer insights into profitability by menu item, automation and intelligence tools to streamline tasks like accounts payable, managing inventory and tracking margins.
By Julie Littman • June 11, 2021 -
Sean Gallup via Getty Images
Socure gears up for IPO, perhaps sooner than expected
The identity verification company added new top executives and raised its profile in the wake of peer stock offerings that showed investors' appetite for payment company shares.
By Lynne Marek • June 11, 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 -
Retrieved from Clair on June 10, 2021
Clair attracts $15M for its on-demand pay play
Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.
By Lynne Marek • June 9, 2021 -
H. Armstrong Roberts via Getty Images
Walmart makes cash payment options more efficient
The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.
By Lynne Marek • June 8, 2021 -
Rob Kim via Getty Images
Regulators increase scrutiny of cryptos in money-laundering
The decentralized and anonymous nature of cryptocurrency makes it susceptible to money laundering, and governments across the globe must respond, industry experts said during Payments Canada Summit last week.
By Vaidik Trivedi • June 7, 2021 -
Vaidik Trivedi
'Super-apps' are the next evolutionary step for financial services
As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.
By Vaidik Trivedi • June 7, 2021 -
An Rong Xu via Getty Images
Goldman Sachs taps Visa for cross-border payment upgrade
The global investment bank is aiming to streamline and enhance cross-border payments for its clients by signing on for Visa's cross-border programs.
By Lynne Marek • June 7, 2021 -
Courtesy of Visa
Consumer spending changes likely to stick, Visa says
For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said.
By Lynne Marek • June 3, 2021 -
Provided by Synctera
Mastercard invests in fledgling fintech Synctera
San Francisco-based Synctera, only six months old, draws $33 million from a pack of investors as it takes on the role of matchmaker between small banks and fintechs.
By Lynne Marek • June 3, 2021 -
Courtesy of Leticia Resende
DLocal raises $75M in IPO, spearheads emerging markets
DLocal aims to expand in emerging markets because "strong cross-border business partnerships between global merchants and service providers are important and will continue to gain importance," DLocal COO Sumita Pandit told Payments Dive.
By Vaidik Trivedi • June 3, 2021 -
Dan Kitwood via Getty Images
Crypto exchange Kraken launches mobile app in US
Customers can buy and sell more than 50 crypto tokens from their mobile phones with a starting investment of as little as $10. The services are not available for residents of New York or Washington state.
By Dan Ennis • June 3, 2021 -
Courtesy of Brain Ruby
Certegy aims to counter rivals with white label offering
Certegy is taking aim at competing buy now-pay later market players with its new product, as customer adoption of that BNPL financing option grows.
By Vaidik Trivedi • June 2, 2021 -
Courtesy of SpotOn
SpotOn raises $125M to keep up battle against Toast, Square
"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."
By Lynne Marek • June 1, 2021 -
Chris Hondros via Getty Images
Sift acquires Chargeback to crack down on rising payments fraud
Sift is beefing up its ability to fight rising e-commerce fraud through its acquisition of software-as-a-service company Chargeback.
By Vaidik Trivedi • May 31, 2021 -
Mark Wilson via Getty Images
Parthenon Capital, Tiger Global fuel payments sector 'boom'
Competition among firms to invest in payment industry companies is driving up fundraising amounts and valuations.
By Lynne Marek • May 28, 2021 -
Sean Gallup via Getty Images
E-commerce fraud prevention startup Forter raises $300M
The recent funding round, which the company will use to expand its global ecosystem, brings the company's valuation to $3 billion.
By Tatiana Walk-Morris • May 27, 2021 -
Courtesy of Brian Ruby
Paymentus raises $210M in IPO, eyes international expansion
The company aims to acquire other companies as it pursues expansion in the European, Asia-Pacific and LatAm markets.
By Vaidik Trivedi • May 26, 2021 -
Courtesy of Fiserv
Fiserv, PayMyTuition partner to ease Chinese student tuition payments
The partnership will provide services for Chinese student tuition payments to educational institutions in Australia and Singapore and expand to other parts of the world.
By Vaidik Trivedi • May 26, 2021 -
Arturo Holmes via Getty Images
Visa expands reach of fintech partnership program
The card network behemoth is doing its part to help banks connect with fintechs that it believes can help bring more business to all the companies moving money through the system.
By Lynne Marek • May 26, 2021 -
Retrieved from TheAndrasBarta, Pixabay on May 25, 2021
Deep DiveFintechs attack cross-border business payments as banks and legacy players rush to innovate
Nonbank fintechs are gaining ground, mainly with small company customers, but target larger ones for cross-border business, even as competition gives way to symbiotic 'coopetition' with larger bank incumbents.
By Suman Bhattacharyya • May 25, 2021 -
Teresa Kroeger via Getty Images
Square may soon offer small-business checking and savings accounts, app code shows
The code indicates the company will not charge monthly service fees, minimum balance fees or overdrafts on its checking account, and will offer a 0.5% interest rate on its savings account through 2021, Bloomberg reported.
By Dan Ennis • May 25, 2021 -
Dan Kitwood via Getty Images
Payments giant FIS makes another crypto move, expanding in Europe
"We’ll be well-positioned to handle (cryptocurrencies) across the whole ecosystem in the marketplace," FIS President Bruce Lowthers said at a recent industry conference.
By Lynne Marek • May 24, 2021 -
Courtesy of Wells Fargo multimedia resources
Wells Fargo to offer crypto investment product for wealthy clients
The bank's decision to wade into crypto follows similar moves made by other large institutions, and comes as the nation's top bank regulator has indicated it plans to review past crypto-friendly actions.
By Anna Hrushka • May 21, 2021 -
Chip Somodevilla via Getty Images
Federal Reserve to kick off conversation on CBDC
Federal Reserve Chairman Jerome Powell said yesterday that the Fed will issue a paper this summer to begin a public discussion about the possibility of a central bank digital currency.
By Lynne Marek • May 21, 2021 -
Anna Hrushka/Payments Dive
Major payments trade group weighs in on CBDC development
The Electronic Transactions Association is touting principles on interoperability, consumer protections and risk safeguards in Washington discussions about a central bank digital currency.
By Lynne Marek • May 20, 2021
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