Technology: Page 83
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Retrieved from Flickr/frankieleon.
Card industry faces $400B in fraud losses over next decade, Nilson says
Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.
By Caitlin Mullen • Dec. 14, 2021 -
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Corcentric to grow through SPAC
Payments technology company Corcentric aims to grow, including internationally, by way of a merger with a special purpose acquisition company that will raise capital and take the business public.
By Lynne Marek • Dec. 13, 2021 -
Explore the Trendline➔
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TrendlineEmbedded payment tools make inroads
Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.
By Payments Dive staff -
alamy.com/Westend61 GmbH
Sponsored by CybersourceThree payments "resolutions" that no company can afford to skip
Learn the three payments "resolutions" that every company must make to ensure their customers never face a moment of friction at the check-out screen.
Dec. 13, 2021 -
Megan Quinn/Payments Dive
Crypto execs urge regulation tailored to risks
They told lawmakers at a Wednesday hearing on Capitol Hill that nothing short of U.S. leadership in the field of digital assets is at stake.
By Dan Ennis • Dec. 10, 2021 -
Rebecca Pifer/Payments Dive
Fintech firms lock arms for new standard
Digital finance company Plaid is leading a group of fintechs, data security companies and compliance firms in developing a new standard to protect confidential consumer data from hackers.
By Jonathan Berr • Dec. 9, 2021 -
Permission granted by Discover
Discover mulls more BNPL services
Discover Financial is brainstorming how to extend its buy now-pay later services beyond a partnership with Sezzle, CEO Roger Hochschild said at an investors' conference this week.
By Lynne Marek • Dec. 9, 2021 -
Rich Fury/WireImage via Getty Images
Will crypto wages catch on?
NFL star Odell Beckham and Miami Mayor Francis Suarez may grab headlines by taking salaries in bitcoin, but can companies pitching crypto pay services make inroads with average wage-earners?
By Ted Jackson • Dec. 8, 2021 -
Kevin Dietsch via Getty Images
OpinionFor hourly workers, the paycheck is the enemy
The magnitude of financial precarity in America is staggering. This is why employers have a responsibility for the financial health of their workers.
By David Baga • Dec. 8, 2021 -
Courtesy of Coinbase
Coinbase president seeks "rules of the road"
At a Tuesday conference, Emilie Choi reiterated the company's call for a single regulator to oversee the emerging digital asset industry. She also said the company remains on the hunt for acquisitions.
By Caitlin Mullen • Dec. 8, 2021 -
Courtesy of PayPal
Bank groups spell out payments industry concerns
"Consumers can make better-informed choices if they more fully understand a big tech’s ability to collect and use a consumer’s financial transaction data, or directly and regularly access their bank account using their sign in and password," the trade groups say.
By Jonathan Berr • Dec. 8, 2021 -
Chip Somodevilla via Getty Images
New York Fed, BIS partner on fintech research center
The innovation hub is meant to support the U.S. central bank's analysis of digital currencies, including CBDCs, and to help make cross-border payments faster and less expensive, Fed Chair Jerome Powell said.
By Robin Bradley • Dec. 7, 2021 -
Courtesy of Afterpay
Buy now-pay later orders rise 34% in holiday season, Afterpay says
The company also said user spending online rose 30%, with more Gen Z shoppers using the service between Black Friday and Cyber Monday.
By Tatiana Walk-Morris • Dec. 6, 2021 -
CardX CEO Jonathan Razi testifies before the Colorado House Business Affairs & Labor Committee earlier this year. Retrieved from CardX on July 8.
Will Stax acquisition of CardX mean more surcharging?
With the Stax acquisition of CardX last week, the combined company plans to scale its mission of bringing surcharging tools to more merchants.
By Lynne Marek • Dec. 6, 2021 -
Matt Cardy via Getty Images
Hackers sell stolen US cards at dirt cheap prices
"Even though the biggest number of card details found for sale were from these 3 countries, this doesn’t mean that they are the most vulnerable," a cybersecurity company report on the topic said.
By Jonathan Berr • Dec. 6, 2021 -
Chip Somodevilla via Getty Images
SEC Chair Gensler to crypto platforms: Come to us before we come for you
The SEC head called on digital asset exchanges to register with the agency, citing concerns for "vulnerable" investors. "If we don’t address these issues, I worry a lot of people will be hurt," he said.
By Caitlin Mullen • Dec. 3, 2021 -
Dan Kitwood via Getty Images
Crypto execs to face House panel next week
Executives from crypto firms Coinbase and Circle are among those in the line-up for a Dec. 8 discussion of "the challenges and benefits of financial innovation" as House lawmakers seek answers.
By Robin Bradley • Dec. 3, 2021 -
Steve Jennings via Getty Images
Diem co-creator Marcus to leave Facebook parent Meta
David Marcus, who has spent the past three years working on the social media giant’s stalled cryptocurrency project, Diem, said he is leaving the company at the end of the year to pursue other projects.
By Anna Hrushka • Dec. 2, 2021 -
Joe Raedle via Getty Images
Square takes a new moniker: Block
No sooner does Jack Dorsey arrive full-time at Square than the company decides it needs a new name. The corporate parent will become Block, but keep the Square brand for its digital payments business.
By Lynne Marek • Dec. 1, 2021 -
Permission granted by PayPal Spokesman Joseph Gallo
PayPal offers Wix merchants BNPL options
PayPal began offering Wix merchants in the U.S. its buy now-pay later and credit services last month for the first time. Wix merchants in the United Kingdom and France will also have access to the services in "coming months," the companies said.
By Lynne Marek • Dec. 1, 2021 -
Kevin Dietsch via Getty Images
Senate banking chair queries crypto CEOs
The complexity of stablecoins makes it difficult for investors and consumers to fully understand their potential risks, Sen. Sherrod Brown, D-OH, said in letters to eight issuers and exchanges, including Coinbase and Tether.
By Anna Hrushka • Nov. 29, 2021 -
Courtesy of Mastercard
Mastercard buys payments processor Arcus FI, expanding in Latin America
Mastercard said the acquisition will allow it to "help support the delivery of bill pay solutions and other real-time payment applications across Latin America."
By Jonathan Berr • Nov. 24, 2021 -
Getty Images
Enterprises prepare for ransomware threats during Thanksgiving
Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations.
By David Jones • Nov. 24, 2021 -
Courtesy of KeyBank
KeyBank buys XUP to bolster merchant payments services
The acquisition will help the bank address challenges regarding its legacy infrastructure, and create a streamlined experience for its merchant clients, KeyBank’s head of commercial product and innovation said.
By Anna Hrushka • Nov. 24, 2021 -
Dan Kitwood via Getty Images
Bank regulators to roll out crypto guidance in 2022
Tuesday's two-page report didn’t provide many details on how banks should navigate digital assets, but regulators said the industry should expect to see the agencies roll out guidance throughout next year.
By Anna Hrushka • Nov. 24, 2021 -
Permission granted by Citigroup
Citi names crypto team chief, plans hiring for digital asset effort
Puneet Singhvi will become the head of digital assets for Citi's institutional clients group Dec. 1, according to an internal memo.
By Robin Bradley • Nov. 24, 2021
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