Technology: Page 32

  • Vesey Ventures, a firm focused on assisting early stage start-ups
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    Permission granted by Vesey Ventures
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    Former Amex execs raise $78M for early stage fintech fund

    Women-led Vesey Ventures, which has already invested in five startups, aims to bridge the gap between companies in need of new technologies and those building them.

    By Rajashree Chakravarty • April 26, 2023
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images
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    Fiserv lines up bank clients for FedNow

    The mega processor has a handful of bank customers in the Federal Reserve’s real-time payments pilot, and a pack signed up for services after the system’s July launch. It’s part of the company’s growth strategy.

    By • April 26, 2023
  • 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
  • Laptop
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    iStock / Getty Images Plus via Getty Images
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    CFOs hunt for revenue-generating tech tools: Stripe

    The financial service provider’s updated tools come as CFOs seek emerging technologies that can aid in key areas like revenue generation.

    By Grace Noto • April 25, 2023
  • Two photos side by side of two people using Amazon Go technology at the entrance to a store.
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    Courtesy of Amazon
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    Enerbase pilots Amazon One at first convenience stores

    The technology that allows a contactless payment using a customer’s palm is being tested at the first stand-alone convenience stores.

    By Jessica Loder • April 25, 2023
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    yaoinlove via Getty Images
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    DailyPay racks up bank clients

    Santander Bank last week became the latest in a string of financial institutions partnering with DailyPay to provide companies with on-demand pay services.

    By • April 24, 2023
  • A customer pays for a food order during the pandemic.
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    Stephanie Keith / Stringer via Getty Images
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    Fed study highlights growth in card, ACH payments

    Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

    By Caitlin Mullen • April 24, 2023
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Payments Dive
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    Opinion

    FedNow won’t bring ‘tidal wave’ of change

    “Payments solutions reach scale when they provide better usability, affordability, and security,” write partners at a San Francisco venture capital firm.

    By Kevin Jacques and Ben Malka • April 21, 2023
  • Federal Reserve building at night
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    Alex Wong via Getty Images
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    Fed to reduce cross-border payments program

    The Federal Reserve plans to discontinue its cross-border ACH payments service to Europe and Canada later this year, Fed officials reiterated at a conference this week.

    By • April 20, 2023
  • Stopwatch and $100 bill
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    baona via Getty Images
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    Same-day ACH payments soar

    The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

    By Tatiana Walk-Morris • April 20, 2023
  • A woman sits at a coffee table looking at a tablet.
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    andresr via Getty Images
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    NCR in recovery as ransomware disrupts widely used point-of-sale system

    In-restaurant purchases are still being processed on NCR Aloha, but other capabilities and business processes remain down, the company said.

    By Matt Kapko • Updated April 24, 2023
  • The Justice Department building on a foggy morning in Washington, DC.
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    Samuel Corum/Getty Images via Getty Images
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    Credit card processor Nexway to pay $650K fine for fraud

    A court initially imposed a $49.5 million judgment against a group of Nexway companies over processing payments tied to tech support scams, but they’ll ultimately pay the smaller fine for defrauding consumers.

    By Caitlin Mullen • April 19, 2023
  • Uncut sheet of U.S. $100 bills
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    eranicle/iStock via Getty Images
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    US payments funding rebounds

    U.S. payments venture funding surged in the first quarter of the year, largely thanks to Stripe’s March funding round, CB Insights said.

    By Caitlin Mullen • April 18, 2023
  • Two Apple iPhone 14 models
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    Courtesy of Apple
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    Apple adds savings accounts for card customers

    The tech company announced a series of new offerings in October, including a buy now, pay later service that arrived recently.

    By Rajashree Chakravarty • April 18, 2023
  • Money moving through cyberspace.
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    Viorika via Getty Images
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    MoneyGram, Carrefour expand tie

    The partnership between the money transfer company and the global retailer will bring MoneyGram’s services to about 500 Carrefour locations next year.

    By Tatiana Walk-Morris • April 17, 2023
  • Diagram of FedNow payments
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    Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
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    FedNow spurs industry intrigue

    Financial institutions, payments players and other businesses are being drawn in by FedNow, according to survey results presented at the Nacha Smarter Faster Payments conference.

    By • April 17, 2023
  • bob lee, cpo of mobilecoin
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    Retrieved from Moby on April 05, 2023
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    SF tech worker charged in murder of Cash App founder

    San Francisco police arrested an IT worker in the murder of Bob Lee, who was knifed to death in the early morning hours of April 4. Police declined to discuss a motive at a Thursday press conference.

    By Gabrielle Saulsbery • April 13, 2023
  • A person uses Square point of sale hardware
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    Courtesy of Square
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    Square rolls out new features

    Facing stiff competition, Block’s merchant services unit Square is adding tools for its merchant clients.

    By Caitlin Mullen • April 13, 2023
  • A photo of the exterior of a Jacksons Food Store.
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    Permission granted by Bitcoin Dept
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    Convenience chain Jacksons Food Stores adds bitcoin ATMs

    The Bitcoin Depot ATMs will be installed in every state where the convenience chain operates — Idaho, Nevada, Oregon, Utah, California, Washington and Arizona.

    By Jessica Loder • April 13, 2023
  • Clipboard with small business loan application form and pen on wooden desk background.
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    Piotrekswat via Getty Images
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    SBA to open flagship lending program to fintechs

    A new rule, which takes effect May 11, ends a 40-year moratorium on admitting new nonbank lenders to the agency’s 7(a) loan program.

    By Anna Hrushka • April 12, 2023
  • official headshot of Rohit Chopra
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    Courtesy of The Consumer Financial Protection Board.  

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    CFPB director wants some payments firms labeled systemically important

    The bureau's chief, Rohit Chopra, urged users who maintain balances on their digital wallets and money-transfer apps to move that uninsured money to a bank account.

    By Anna Hrushka • April 12, 2023
  • Stacks of $100 bills being produced.
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    Mark Wilson via Getty Images
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    FTV Capital hunts payments prizes

    Venture capital firms face challenges in picking payments and fintech investments amid the wreckage and waiting for the right prices.

    By Caitlin Mullen • April 12, 2023
  • Man putting apple juice into an Amazon Dash Cart
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    Courtesy of Sarmishta Ramesh
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    Amazon paytech added to Whole Foods stores

    Eleven of the specialty grocery chain’s locations in Colorado are now equipped with Amazon One technology, the e-commerce giant’s palm-based frictionless checkout option.

    By Peyton Bigora • April 11, 2023
  • Visa Tap to Phone is available in 15 markets for contactless payments for Android.
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    Courtesy of Visa
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    Visa forges new tie to PayPal

    Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

    By • April 11, 2023
  • Person uses credit card to make online bet
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    andresr via Getty Images
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    Pavilion Payments plots growth

    The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

    By Caitlin Mullen • April 11, 2023
  • Sezzle CEO Charlie Youakim
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    Permission granted by Sezzle
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    Profile

    Sezzle CEO embraces company’s underdog status

    Charlie Youakim, co-founder of the buy now, pay later company, said the company has defied the odds in carving its own path. “Every step is a little bit unusual,” he said.

    By Caitlin Mullen • April 10, 2023