Technology: Page 18
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Virtual marketplaces risk real losses: CFPB
Virtual worlds “can become a haven for scams, fraud, financial losses, and unanticipated purchases that can deplete a family’s real-world financial assets,” CFPB Director Rohit Chopra said.
By James Pothen • April 5, 2024 -
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OpinionEWA shouldn’t be regulated like loans
“Attempts to regulate EWA as credit threaten worker access to this innovative and consumer-friendly financial tool,” writes one earned wage access industry CEO.
By Darcy Tuer • April 5, 2024 -
Explore the Trendline➔
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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 -
Photo by Bia Santana from Pexels.
Fiserv to let Brazilians use Pix in US
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
By Lynne Marek • April 4, 2024 -
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NY Fed enters cross-border tokenization effort
The central bank will join six other central banks in exploring blockchain technology to speed up international payments.
By James Pothen • April 4, 2024 -
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PayPal pursues pricing power
The digital payments pioneer aims to increase pricing for its services to boost profitable growth under a new management team.
By Lynne Marek • April 3, 2024 -
Jeff Wells/Payments Dive
Amazon to drop ‘just walk out’ at some grocery stores
The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.
By James Pothen • April 2, 2024 -
Emma McIntyre via Getty Images
Nuvei goes private in stock sale to Advent
The sale of the Canadian payments processor’s stock to the private equity firm will hand some investors a $560 million windfall.
By Lynne Marek • April 2, 2024 -
Permission granted by Fiserv
Deep DiveFiserv has ambitious goals for Clover. Can it meet them?
To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.
By Caitlin Mullen • April 1, 2024 -
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CFPB warns remittance firms about false ads
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
By Tatiana Walk-Morris • March 29, 2024 -
Scott Barbour via Getty Images
Private plaintiffs follow DOJ’s Apple antitrust case
The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.
By Robert Freedman • March 27, 2024 -
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X lands money licenses in Illinois, New Mexico
The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.
By James Pothen • March 27, 2024 -
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DOJ calls Apple card fees ‘significant expense’ for banks
The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.
By James Pothen • March 26, 2024 -
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JPMorgan seeks embedded payments niches
The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.
By Lynne Marek • March 25, 2024 -
Justin Sullivan via Getty Images
How Visa handled ‘BidenCash’ card fraud incident
The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.
By Tatiana Walk-Morris and Lynne Marek • March 25, 2024 -
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Crypto fraud losses rose to $3.9B in 2023, a 53% yoy increase: FBI
SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.
By Vincent Ryan • March 25, 2024 -
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Wisconsin passes EWA law as states’ paths diverge
Wisconsin became the third state to pass a law requiring that earned wage access providers be licensed, and leaving the payments unregulated under lending laws.
By Lynne Marek • March 22, 2024 -
Cecilie Arcurs via Getty Images
Digital wallets to overtake debit cards in stores: report
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
By James Pothen • March 22, 2024 -
Justin Sullivan via Getty Images
DOJ sues Apple over antitrust violations
The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.”
By James Pothen • March 21, 2024 -
Courtesy of Amazon
ColumnPayPal’s new CEO takes the Venmo challenge
PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.
By Lynne Marek • March 21, 2024 -
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ABA, U.S. Postal Services jointly combat check fraud
American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.
By Tatiana Walk-Morris • March 21, 2024 -
Justin Sullivan via Getty Images
Meta’s payment plays may pay off this year: report
A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.
By James Pothen • March 20, 2024 -
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Clearing House’s ACH growth rate outstrips Fed
Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.
By Lynne Marek • March 19, 2024 -
Courtesy of Mastercard
Mastercard extends tie to Alipay
The card giant said the expanded partnership will let the Chinese digital wallet company’s 1 billion users send payments to 180 markets.
By Lynne Marek • March 19, 2024 -
Courtesy of FuboTV
Nuvei forms committee to evaluate ‘strategic alternatives’
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
By Lynne Marek • March 18, 2024 -
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Marqeta CFO touts EWA expansion
The card-issuing fintech has seen adoption of its debit card-linked EWA product increase as hourly workers at Walmart and Uber have been added, CFO Mike Milotich said.
By James Pothen • March 18, 2024
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