Technology: Page 10

  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe unbundles services as industry shifts

    The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

    By • May 1, 2024
  • Button on a keyboard that says 'real-time'
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    William_Potter via Getty Images
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    Real-time consumer payments need standards to rise

    To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

    By • April 30, 2024
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    kentoh via Getty Images
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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
  • A facade of a commercial building, a sign reads, "Love's" and another reads "It's the love that drives us".
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    Jessica Loder/Payments Dive
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    How Love’s is remaking stores and checkout

    The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.

    By Jessica Loder • April 29, 2024
  • A three-dimension rendered image of global connection lines across a satellite image of earth
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    DKosig via Getty Images
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    Opinion

    Why financial institutions should embrace ISO 20022

    Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.

    By Sylvie Boucheron-Saunier • April 26, 2024
  • Header image for "Biden Names 3 Nominees to Fed's Board of Governors"
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    CFO Editorial Staff
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    FedNow pricing aimed at avoiding market disruption

    The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

    By , • April 25, 2024
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    Ray Tan via Getty Images
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    EWA providers hail new Kansas law

    Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.

    By • April 25, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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    Jens_Lambert_Photography via Getty Images
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    Fed seeks 8,000 financial institutions for FedNow

    About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

    By , • April 25, 2024
  • A person pushes a cart in front of Walmart
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    Scott Olson via Getty Images
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    Walmart offers a new BNPL option: report

    The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.

    By Caitlin Mullen • April 24, 2024
  • Two wooden blocks on a computer keyboard that spell out "M&A"
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    Maks_Lab via Getty Images
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    Ramp may target US startups this year: report

    After successfully raising $150 million in funding, the finance automation platform will have its choice of acquisition targets, according to research firm CB Insights.

    By • April 23, 2024
  • Co-founder and CEO Klarna Sebastian Siemiatkowski and Jonathan Shieber during TechCrunch Disrupt London 2015 - Day 1 at Copper Box Arena on December 7, 2015 in London, England.
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    John Phillips via Getty Images
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    Klarna expands reach with Uber partnership

    The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.

    By • April 23, 2024
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    mikkelwilliam via Getty Images
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    Video game industry preps for oversight

    The CFPB report put gaming companies on notice that the long-expected regulatory scrutiny has arrived, according to professionals involved in the industry.

    By • April 22, 2024
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Payments Dive
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    Fed courts nonbanks for FedNow growth

    The Federal Reserve is stressing the importance of fintechs and core providers for the future expansion of its new instant payments system FedNow.

    By • April 22, 2024
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    Codat seeks to topple check fraud with virtual card adoption

    JPMorgan Chase is an early user of Codat’s Supplier Enablement product, which launched last week.

    By Gabrielle Saulsbery • April 22, 2024
  • A person with a bright green shopping cart exits a grocery store.
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    Courtesy of Amazon
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    Amazon defends ‘Just Walk Out’ pullback

    The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.

    By • April 19, 2024
  • Close up on a file tab with the word invoice and a note where it is handwritten unpaid with blur effect. Concept image for illustration of unpaid invoices recovery.
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    Getty Images via Getty Images
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    Accounts receivable automator Versapay taps new CFO

    Ed Neumann is joining the AR platform provider as it looks to grow by targeting companies seeking to digitize their older manual systems.

    By Maura Webber Sadovi • April 19, 2024
  • U.S. Rep.-elect Bryan Steil (R-WI) holds up a tally sheet as Republican Leader Kevin McCarthy (R-CA) is elected Speaker of the House
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    Chip Somodevilla via Getty Images
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    House committee advances EWA bill

    The Republican-backed and industry-friendly bill was passed by the House Financial Services Committee despite pushback from Democratic lawmakers.

    By • April 18, 2024
  • Seal of the Board of Governors of the United States Federal Reserve System.
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    LD via Getty Images
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    Fed keeps up CBDC research

    Despite political opposition to a potential U.S. central bank digital currency, research staff at the central bank continue to study the possibility.

    By • April 17, 2024
  • Kiosks with biometric cameras at Steak n Shake
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    Permission granted by Steak n Shake
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    Steak ‘n Shake installs facial recognition at self-ordering kiosks

    The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.

    By Julie Littman • April 16, 2024
  • woman hand counting expenses with smart phone and credit cards
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    Doucefleur via Getty Images
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    CFPB notes ‘growing financialization’ of medical, rental payments

    The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors, according to General Counsel Seth Frotman.

    By • April 16, 2024
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    Stocksy/Serena Burroughs 

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    Sponsored by Pipe

    Can embedded finance solve one of payments’ biggest problems?

    As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?  

    By CEO Luke Voiles • April 16, 2024
  • An Uber driver on a red moped delivers items to a customer.
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    Permission granted by Uber Health
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    FlexWage wins Vermont EWA carve-out

    Earned wage access provider FlexWage has received leeway from the Vermont Department of Financial Regulation to operate in the state without a lender or money transmitter license.

    By • April 15, 2024
  • U.S. European Commission flags
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    E4C via Getty Images
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    US, Europe lock arms on payments regulation

    U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

    By • April 15, 2024
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    Pexels/Antoni Shkraba

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    Sponsored by Lithic

    What card issuers need to know about 3DS

    Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.

    April 15, 2024
  • A picture of a person in a store looking at a mobile phone.
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    Permission granted by PDI Technologies
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    Q&A

    Gen Z clings to new payment tools

    Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results. 

    By • April 12, 2024
  • A woman puts clothing into an RFID self-checkout kiosk
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    Thai Liang Lim via Getty Images
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    Deep Dive

    Why more tech in stores shouldn’t mean fewer workers

    Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.

    By Daphne Howland • April 11, 2024