Technology: Page 87
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Courtesy of Mastercard
Mastercard to buy European open-banking company Aiia
The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.
By Lynne Marek • Sept. 7, 2021 -
Alex Wong via Getty Images
Amazon takes Visa battle to Australia
The online retail behemoth extended a surcharge to include Visa credit card transactions in Australia, and added an incentive nudging consumers there to ditch the cards.
By Lynne Marek • Sept. 3, 2021 -
Explore the Trendline➔
Getty Images
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 -
Anna Hrushka/Payments Dive
Fed finds businesses eager for faster payments
The Federal Reserve said Tuesday that a survey of businesses last year revealed a majority are eager to make use of faster payments, with many ready to do so now. The Fed doesn't plan to launch its real-time system until 2023.
By Lynne Marek • Sept. 1, 2021 -
Permission granted by U.S. Bank
Competition for SMB payments clients heats up acquisitions
Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.
By Lynne Marek • Aug. 31, 2021 -
Bank regulators issue guidance on partnering with fintechs
Community banks should evaluate fintechs' business experience and financial condition, information security and regulatory compliance, among other things, regulators said Friday.
By Anna Hrushka • Aug. 30, 2021 -
Retrieved from Pexels on August 09, 2021
Amazon taps Affirm for installment financing
As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.
By Lynne Marek • Aug. 30, 2021 -
Justin Sullivan via Getty Images
InComm Payments, Doxo to offer cash bill payments in stores
The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.
By Tatiana Walk-Morris • Aug. 27, 2021 -
Permission granted by Casey Kozieja, outside spokesperson for the company ([email protected])
Crypto ATMs multiply despite challenges to the currency
The biggest crypto kiosk companies are expanding as the value of bitcoin recovers and more merchants seek a piece of the action.
By Lynne Marek • Aug. 26, 2021 -
Courtesy of Klarna
Klarna tallies 20M US customers
The buy now-pay later company has doubled its American customer base in just over a year.
By Tatiana Walk-Morris • Aug. 25, 2021 -
LaylaBird via iStock
Fiserv strikes up a bevy of new partnerships
Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.
By Lynne Marek • Aug. 24, 2021 -
Ian Waldie via Getty Images
Deep DiveAnti-fraud niche in payments thrives as e-commerce climbs
Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.
By Mercedes Cardona • Aug. 23, 2021 -
Dan Kitwood/Getty Images News via Getty Images
BitPay CFO: long-time crypto users incentivized to keep spending
Cryptocurrency is well on its way to “emerge as the next evolution to modern alternative payments,” Jagruti Solanki, CFO of Bitcoin and payment provider BitPay, said Friday.
By Jane Thier • Aug. 20, 2021 -
Courtesy of CashApp - Square
How Square's Afterpay purchase advances its small-business banking goals
Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.
By Anna Hrushka • Aug. 18, 2021 -
Courtesy of Amazon
Senators raise privacy concerns about Amazon One
Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.
By Tatiana Walk-Morris and Cara Salpini • Aug. 18, 2021 -
Permission granted by PayPal Spokesman Joseph Gallo
PayPal drops BNPL late fees worldwide
The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.
By Lynne Marek • Aug. 18, 2021 -
Alex Wong via Getty Images
Payments called 'dominant driver' for fintech investment: KPMG
The rise of venture capital and private equity investment in fintechs is likely to lead to more mergers and acquisitions in the arena too, a KPMG report said.
By Jim Tyson • Aug. 17, 2021 -
Courtesy of Walmart
Walmart looks for a cryptocurrency strategy leader
The retailer follows Amazon in seeking a subject matter expert for a field that is still largely unproven.
By Ben Unglesbee • Aug. 17, 2021 -
Megan Poinski/Payments Dive
Paypal, Venmo get into grocery stores
PayPal and Venmo have arrived in-store at their first grocery outlet, Giant Eagle, allowing that operator to accept their digital payment options at cash registers.
By Sam Silverstein • Aug. 13, 2021 -
Patrick Smith via Getty Images
BlackBerry teams with Car IQ for in-vehicle payments
The companies are working together to create car payment systems with a “digital fingerprint” that securely connects a driver to a banking network.
By Wendy Cole • Aug. 13, 2021 -
Courtesy of Coinbase
Coinbase attracts big hedge fund clients
The company has attracted 10% of the top 100 hedge funds as customers, and it's ramping up marketing to increase the visibility of its products, the company's CFO said.
By Ted Knutson • Aug. 12, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationBig bank, merchant groups weigh in on Fed rule clarification
Bank and merchant trade groups weighed in on the Fed's debit rule clarification at the 11th hour, digging in their heels in a long-time battle over whether to ease merchant access to increased debit transaction networks.
By Lynne Marek • Aug. 12, 2021 -
Courtesy of Brian Ruby
Paymentus agrees to acquire Payveris for $152M
With the acquisition, Paymentus will expand its bill payment network and increase annual net revenue about 25 percent.
By Lynne Marek • Aug. 11, 2021 -
Retrieved from Pexels on August 09, 2021
ZenBusiness launches money-management app
ZenBusiness positions itself as a one-stop shop for small business needs, but big tech rivals are also aggressively courting such micro-entrepreneurs.
By Suman Bhattacharyya • Aug. 10, 2021 -
Courtesy of Amazon
Amazon strikes back at Visa fees with surcharge
Retail titan Amazon is taking on Visa by imposing a surcharge in one part of the world and leaving open the possibility of extending it elsewhere to fight what it calls "Visa's high cost of payments."
By Lynne Marek • Aug. 10, 2021 -
Permission granted by Kristen Elworthy from Seven Hills Communications
OpinionNew fintech tools must address demographic gaps in usage
"While overall fintech usage is up across all demographics, there were gaps in the usage of certain types of tools," says Brian Gilmore, a director at the non-profit Commonwealth. There is "a rich opportunity for fintechs and financial services providers to better serve financially vulnerable consumers."
By Brian Gilmore • Aug. 9, 2021
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