Technology: Page 15

  • Chief Executive Officer of Apple Tim Cook speaks onstage during Vox Media's 2022 Code Conference
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    Jerod Harris via Getty Images
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    Apple CEO pushes back on European regulation

    The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.

    By • Feb. 5, 2024
  • An digital sign for a purse, listing price and other color options, with a retail store in the background.
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    gorodenkoff via Getty Images
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    Why ‘pay-by-bank’ faces adoption hurdles in US retail

    Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.

    By Suman Bhattacharyya • Feb. 5, 2024
  • Creative image with coins jumping from one phone to another. Explore the Trendline➔
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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
  • An image of a hand holding a smart phone with the DoorDash homepage.
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    Permission granted by DoorDash
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    Opinion

    Where will embedded payments flourish in 2024?

    There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

    By Julio Gomez • Feb. 5, 2024
  • Worker stands next to checkout counter at grocery store.
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    Lynne A Marek/Payments Dive
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    Aldi debuts Grabango checkout tech at Chicago-area store

    The retailer is working with artificial intelligence startup Grabango to offer a faster payments option for the first time in the U.S. at a location just outside Chicago.

    By Sam Silverstein , • Feb. 2, 2024
  • Angel Diaz, VP of technology capabilities and innovation at Discover Financial Services, delivers a keynote presentation at KubeCon North America 2024 on November 09, 2023 in Chicago.
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    Permission granted by Discover Financial Services
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    Why Discover went all-in on open source

    The card network’s tech leadership eased the product development process, removing barriers to innovation and opening pathways for engineers to advance.

    By Matt Ashare • Feb. 2, 2024
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    Payments companies’ job cuts may not be done

    PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

    By • Feb. 2, 2024
  • Employees calculate business spending
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    Creative via Getty Images
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    Emburse chases large customers

    The expense management company plans to pursue bigger clients that offer a better value proposition, said new CEO Marne Martin.

    By Caitlin Mullen • Feb. 2, 2024
  • BP
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    Oli Scarff via Getty Images
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    BP adds new way to pay for fuel

    Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations. 

    By Jessica Loder • Feb. 2, 2024
  • CFPB Director Rohit Chopra speaks in front of the House Financial Services Committee.
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    Anna Moneymaker via Getty Images
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    Lawmakers clash on CFPB digital payment rule

    Democratic senators said the proposed rule would curb “rampant” fraud, while Republican Congress members said it would introduce “regulatory uncertainty.”

    By • Feb. 1, 2024
  • Different gift cards on sale at a store
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    The image by 401(K) 2012 is licensed under CC BY-SA 2.0
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    Blackhawk Network to buy Tango Card

    Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.

    By Caitlin Mullen • Feb. 1, 2024
  • Woman paying contactless at the cash register.
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    iStock/lechatnoir

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    What’s ahead for payments in 2024

    The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely. 

    By • Jan. 31, 2024
  • Rohit Chopra discusses the impact of student debt on the individual borrower and the public at a Consumer Financial Protection Bureau hearing on May 8, 2013.
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    Retrieved from Consumer Financial Protection Bureau.
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    CFPB hiring for tech enforcement

    The expansion of the enforcement team is meant “to send a clear deterrent message to entities that are within our authority,” CFPB enforcement attorney Molly McOwen said.

    By • Jan. 31, 2024
  • PayPal sign outside in front of parking lot with cars in background.
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    Justin Sullivan via Getty Images
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    PayPal to cut 9% of workforce to bolster efficiency

    The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.

    By • Jan. 30, 2024
  • Dozens of self-checkout stations at a grocery store.
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    Catherine Douglas Moran/Payments Dive
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    Column

    Pardon the Disruption: Self-checkout needs a better strategy, not just better tech

    Contrary to recent reports, grocers aren’t pulling machines from their stores in droves. But they know there’s significant work to be done to improve the experience and reduce shrink.

    By Jeff Wells • Jan. 30, 2024
  • The front of the U.S. Capital with white clouds and blue sky.
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    Sara Samora/Payments Dive
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    Payments regulation and legislation abound in 2024

    Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

    By • Jan. 30, 2024
  • Lina Khan
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    Chip Somodevilla via Getty Images
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    FTC, FloatMe reach $3M settlement

    The cash advance provider “lured consumers in with false promises of free money advances,” and then made it difficult for them to cancel, FTC Director Samuel Levine said in a press release.

    By • Jan. 29, 2024
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Visa debit payments growth slows

    The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.

    By • Jan. 29, 2024
  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    Mastercard, TCH to enhance RTP network

    The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said. 

    By Tatiana Walk-Morris • Jan. 29, 2024
  • A general view inside the European Parliament.
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    Christopher Furlong via Getty Images
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    Apple opens up payments under EU pressure

    Apple plans to give software developers the option to use third-party payment systems, but warned that the change will expose consumers to new threats.

    By • Jan. 26, 2024
  • A man in a suit speaks at a podium.
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    Kena Betancur / Stringer via Getty Images
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    Manhattan DA seeks tighter payment app security

    “No longer is the smartphone itself the most lucrative target for scammers and robbers – it’s the financial apps contained within,” District Attorney Alvin Bragg Jr. said.

    By • Jan. 25, 2024
  • A young man delivers food down a flight of stairs.
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    M_a_y_a via Getty Images
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    Maryland EWA legislation draws protest

    A Maryland bill calling for some earned wage access providers to be registered and licensed has triggered opposition from fintech advocates.

    By • Jan. 25, 2024
  • Alex Chriss, PayPal's next CEO
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    Permission granted by PayPal
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    PayPal floats service enhancements

    PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.

    By • Jan. 25, 2024
  • Brex CEO Pedro Franceschi pictured against a grey background.
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    Courtesy of Brex
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    Brex cuts workforce by 20% in profitability push

    “Looking inward, I realized we grew our org too quickly,” founder and co-CEO Pedro Franceschi said in a message to employees. 

    By • Jan. 24, 2024
  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Payments Dive
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    Klarna adds subscription plan

    With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

    By Caitlin Mullen • Jan. 24, 2024
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Synchrony to buy Ally’s POS lending unit

    “This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.”

    By Rajashree Chakravarty • Jan. 23, 2024