Technology: Page 36


  • Diagram of FedNow payments
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    Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
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    Jack Henry touts FedNow launch

    In July, the company expects to become the first payments processor to launch the Federal Reserve’s new real-time service.

    By Caitlin Mullen • Feb. 8, 2023
  • A customer in front of a promotional sign for a scan and pay solution at a grocery store.
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    Courtesy of Instacart
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    Instacart debuts Scan & Pay with NYC grocer

    This marks the retail debut of the Instacart technology, which is part of the company’s suite of in-store solutions for retailers.

    By Catherine Douglas Moran • Feb. 7, 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
  • A sign is posted in front of an office at Google headquarters on February 02, 2023 in Mountain View, California
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    Justin Sullivan via Getty Images
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    Google, Amex roll out anti-fraud tool

    Amex is the latest card company to tap a Google virtual card service aimed at increasing the security of online payments.

    By Feb. 7, 2023
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv discloses acquisitions

    Even as the payments and fintech giant cut employees and sold off business units, the company spent $1 billion on acquisitions last year.

    By Caitlin Mullen • Feb. 7, 2023
  • Hand holding a phone with the Instacart App open.
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    Photo Illustration: Instacart; Getty Images

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    Opinion

    Eliminating costly false declines online

    “False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.

    By Chris Ryan • Feb. 6, 2023
  • Worker using point of sale system in coffee shop
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    time99lek via Getty Images
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    Lightspeed bets on bigger customers

    In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.

    By Caitlin Mullen • Feb. 6, 2023
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe CFO exiting to handle ‘family matters’

    Dhivya Suryadevara will leave the digital payments startup in April, as Stripe executives weigh taking the company public.

    By Elizabeth Flood • Feb. 6, 2023
  • Making a card payment
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    PeopleImages via Getty Images
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    Merchants frustrated with fees, tech issues

    Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.

    By Caitlin Mullen • Feb. 3, 2023
  • standard ai
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    Permission granted by Standard AI
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    Standard AI to acquire Skip Checkout

    The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.

    By Brett Dworski • Feb. 2, 2023
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    Permission granted by David Whitehead - Checkout.com
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    Checkout.com changes up leadership

    The company promoted Céline Dufétel to president and elevated Nirupam Sinha to CFO as it pursues U.S. expansion and battles Stripe.

    By Elizabeth Flood • Feb. 2, 2023
  • Stephanie Ferris head shot
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    Courtesy of FIS
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    FIS sheds 2,600 employees: report

    Amid a strategic review of operations, the payments processor and fintech giant has dismissed 2,600 workers, Bloomberg reported.

    By Caitlin Mullen • Feb. 2, 2023
  • Affirm and Amazon
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    Courtesy of Affirm
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    Is Affirm out as Amazon’s sole BNPL provider?

    An exclusivity provision between the two companies has lapsed as the buy now, pay later arena becomes more competitive.

    By Caitlin Mullen • Feb. 2, 2023
  • Ria sign in convenience store window
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    Permission granted by Lynne Marek
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    Euronet’s Dandelion takes on cross-border rivals

    The international network that grew out of Ria parent Euronet is extending its cross-border money movement pitch to banks and businesses.

    By Feb. 2, 2023
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Zip pauses acquisitions

    The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

    By Caitlin Mullen • Feb. 1, 2023
  • PayPal CEO Dan Schulman walking in front of trees
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    Drew Angerer via Getty Images
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    PayPal to cut 7% of its workforce

    The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

    By Jan. 31, 2023
  • Cloud computing image
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    Just_Super via Getty Images
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    Jack Henry earnings grab spotlight

    Customer appetite for Jack Henry's services is likely to attract analysts' attention in the upcoming earnings report.

    By Caitlin Mullen • Jan. 31, 2023
  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows
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    Marqeta’s new CEO targets embedded finance

    Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

    By Jan. 31, 2023
  • Jason Gardner, Marqeta
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    Courtesy of Marqeta
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    Marqeta to buy Power Finance

    The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

    By Jan. 30, 2023
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    Dan Kitwood / Staff via Getty Images
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    Deep Dive

    Crypto may yet upend payments

    Nearly 2,000 crypto workers have been laid off in 2023, but the value of Bitcoin climbed enough in January for Goldman Sachs to take note.

    By Gabrielle Saulsbery • Jan. 30, 2023
  • Stephanie Ferris head shot
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    Courtesy of FIS
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    FIS sees another director resign

    A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations.

    By Jan. 26, 2023
  • elizabeth warren
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    Spencer Platt via Getty Images
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    Warren calls for more regulation of crypto

    The Democratic senator called SEC Chair Gary Gensler “the right leader to get the job done,” but said regulators need to do more to bolster their scrutiny of the industry.

    By Anna Hrushka • Jan. 26, 2023
  • Cryptocurrencies laying on a flat surface next to a smartphone that shows a chart with zig-zagging lines.
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    Jack Taylor via Getty Images
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    Visa stands by crypto

    At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

    By Jan. 26, 2023
  • coppel access fintech app
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    Permission granted by Grupo Coppel
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    Retailer targets Mexican Americans for digital wallet

    The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

    By Gabrielle Saulsbery • Jan. 25, 2023
  • Phoenix midtown skyline with a Saguaro Cactus and other desert scenery in the foreground.
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    Davel5957/iStock via Getty Images
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    Opinion

    Why the Arizona AG opinion on EWA matters

    “The Arizona decision is in line with decades of decisions across the country that have found that non-recourse products are not loans,” the Payactiv authors write in this opinion piece.

    By Aaron Marienthal and Molly Jones • Jan. 24, 2023
  • A person's hand types on a keyboard while the other hand holds a credit card.
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    Poike via Getty Images
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    Bluefin, Visa pursue network tokenization

    Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.

    By Tatiana Walk-Morris • Jan. 24, 2023