Technology: Page 36
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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 -
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 -
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 -
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 Lynne Marek • Feb. 7, 2023 -
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 -
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 -
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 -
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 -
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 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 -
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 -
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 -
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 -
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 Lynne Marek • Feb. 2, 2023 -
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 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 Lynne Marek • Jan. 31, 2023 -
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’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 Lynne Marek • Jan. 31, 2023 -
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 Lynne Marek • Jan. 30, 2023 -
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 -
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 Lynne Marek • Jan. 26, 2023 -
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 -
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 Lynne Marek • Jan. 26, 2023 -
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 -
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 -
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