Technology: Page 16
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The image by Ted Eytan is licensed under CC BY-SA 2.0
OpinionCFPB should reconsider prepaid rule
The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.
By Brian Tate • May 17, 2024 -
Wara1982 via Getty Images
Central banks seek firms for cross-border payment project
The Bank for International Settlements is seeking private sector participation in a smart-contract project designed by seven central banks to improve cross-border payments.
By Tatiana Walk-Morris • May 17, 2024 -
Explore the Trendline➔
toeytoey2530 via Getty Images
TrendlineE-commerce drives digital payment advances
As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.
By Payments Dive staff -
DenisTangneyJr via Getty Images
EWA could create wage violations, Connecticut warns
The warning comes as states and the federal government weigh options for regulating earned wage access products.
By Kate Tornone • May 16, 2024 -
Courtesy of FIS
FIS eyes growth via acquisitions
Fidelity National Information Services is targeting revenue growth of as much as 4.5% this year as it scans the landscape for “tuck-in” acquisitions following the spin-off of Worldpay.
By Lynne Marek • May 16, 2024 -
Permission granted by Square
Payments firms seek candidates for product, partner roles
Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.
By Tatiana Walk-Morris • May 16, 2024 -
Courtesy of Shift4
Shift4 to buy rival POS firm Revel for $250M
The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.
By James Pothen , Lynne Marek • May 15, 2024 -
Courtesy of 7-Eleven
7-Eleven testing financial services in stores
The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
By Jessica Loder • May 14, 2024 -
Alexey Yaremenko via Getty Images
Sponsored by PayNearMeHow digital wallets are reshaping the payments landscape
Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.
May 13, 2024 -
Lynne Marek/Payments Dive
Jack Henry, Visa see escalating FedNow volume
While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.
By Lynne Marek • May 9, 2024 -
NatalyaBurova via Getty Images
US leads global commercial card market: report
The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.
By James Pothen • May 8, 2024 -
M_a_y_a via Getty Images
Will EWA payments expand with real-time?
While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.
By Lynne Marek • May 7, 2024 -
Leon Neal via Getty Images
Block integrates Afterpay with Cash App card
The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”
By James Pothen • May 7, 2024 -
Lynne Marek/Payments Dive
Fed, TCH joust over interoperability
When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.
By Lynne Marek • May 7, 2024 -
Permission granted by GoCardless
Sponsored by GoCardlessHow to reduce risk and save cash with Pull-ACH
Finance leaders are in a unique position to reduce costs and increase revenue by evolving payment processes.
By Siamac Rezaiezadeh, VP of Product Marketing & Insights, GoCardless • May 6, 2024 -
MStudioImages via Getty Images
Sponsored by AdobeHow to accelerate revenue with payment optimization
One of the best ways to accelerate business growth is through adopting a strategic approach to payment processing.
May 6, 2024 -
Photographer unknown via Getty Images
OpinionPay-by-bank holds promise
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
By Eric Shoykhet • May 3, 2024 -
Teresa Kroeger via Getty Images
Block’s Dorsey rebuffs compliance allegations
The head of the payments company began an earnings call Thursday with a defense against a former employee’s allegations of compliance improprieties.
By James Pothen • May 3, 2024 -
Permission granted by Diebold Nixdorf
Automatic age verification comes to self-checkout
Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.
By Jessica Loder • May 3, 2024 -
martin-dm via Getty Images
Amazon makes a subscription play
The giant digital retailer has created a new payment flow connected to groceries.
By Catherine Douglas Moran • May 1, 2024 -
abdoudz via Getty Images
US inches forward on real-time payments: report
“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” ACI Worldwide said.
By James Pothen • May 1, 2024 -
Permission granted by Stripe
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 James Pothen • May 1, 2024 -
William_Potter via Getty Images
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 Lynne Marek • April 30, 2024 -
Jessica Loder/Payments Dive
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 -
DKosig via Getty Images
OpinionWhy 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 -
CFO Editorial Staff
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 James Pothen , Lynne Marek • April 25, 2024
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