Technology: Page 22
-
Lynne A Marek/Payments Dive
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 , Lynne Marek • Feb. 2, 2024 -
Permission granted by Discover Financial Services
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 -
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 -
Drew Angerer via Getty Images
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 James Pothen • Feb. 2, 2024 -
Creative via Getty Images
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 -
Oli Scarff via Getty Images
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 -
Anna Moneymaker via Getty Images
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 James Pothen • Feb. 1, 2024 -
The image by 401(K) 2012 is licensed under CC BY-SA 2.0
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 -
iStock/lechatnoir
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 Lynne Marek • Jan. 31, 2024 -
Retrieved from Consumer Financial Protection Bureau.
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 James Pothen • Jan. 31, 2024 -
Justin Sullivan via Getty Images
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 Lynne Marek • Jan. 30, 2024 -
Catherine Douglas Moran/Payments Dive
ColumnPardon 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 -
Sara Samora/Payments Dive
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 Lynne Marek • Jan. 30, 2024 -
Chip Somodevilla via Getty Images
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 James Pothen • Jan. 29, 2024 -
Justin Sullivan / Staff via Getty Images
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 Lynne Marek • Jan. 29, 2024 -
abdoudz via Getty Images
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 -
Christopher Furlong via Getty Images
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 James Pothen • Jan. 26, 2024 -
Kena Betancur / Stringer via Getty Images
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 James Pothen • Jan. 25, 2024 -
M_a_y_a via Getty Images
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 Lynne Marek • Jan. 25, 2024 -
Permission granted by PayPal
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 Lynne Marek • Jan. 25, 2024 -
Courtesy of Brex
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 James Pothen • Jan. 24, 2024 -
Caitlin Mullen/Payments Dive
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 -
Courtesy of Ally Financial
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 -
Mark Wilson via Getty Images
Payments startups face pivotal year
Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.
By Caitlin Mullen • Jan. 23, 2024 -
Retrieved from LinkedIn on January 23, 2024
Jack Henry vaults COO to CEO seat
Greg Adelson, the company’s current president and chief operating officer, will take the reins from outgoing CEO David Foss in July.
By James Pothen • Jan. 23, 2024 -
Courtesy of Adroit Worldwide Media
Choice Market bets on automation for stores
AWM will provide automated checkout technology to the Denver-based convenience retailer as part of plans for adding Mini-Mart c-stores nationwide.
By Jessica Loder • Jan. 22, 2024
Previous
