Technology: Page 45

  • Jack Dorsey, Block CEO
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    Joe Raedle / Staff via Getty Images
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    Lawsuit filed against Block

    A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.

    By Caitlin Mullen • Aug. 25, 2022
  • Rho's features are displayed in a row.
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    Permission granted by Rho
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    Rho woos clients in bid to fill Brex’s small-biz void

    The business banking startup added an automated expense-management tool for its middle-market clients as the company angles to snatch its share of Brex's former clients.

    By Suman Bhattacharyya • Aug. 25, 2022
  • 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
  • Image of Google Pay app showing promotions from Safeway and Target
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    Retrieved from Google on April 30, 2021
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    Google Wallet seeps into six more countries

    The tech giant extended its payment services to more nations as competition with Samsung Pay and Apple Pay intensifies.

    By Tatiana Walk-Morris • Aug. 25, 2022
  • Afterpay logo on a phone screen
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    Courtesy of Afterpay
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    Afterpay releases designer NFTs

    The buy now-pay later company will donate all proceeds from the collection to the nonprofit Free Arts NYC.

    By Dani James • Aug. 24, 2022
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    Matias Delacroix via Getty Images
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    Bill.com revenue leaps

    Bill.com’s fiscal fourth-quarter and annual revenue more than doubled as the company scooped up more mid-size and small business customers.

    By • Aug. 24, 2022
  • Jimmy John's restaurant 2021, QSR
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    Courtesy of Jimmy John's
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    DailyPay releases card with Visa

    The earned wage access provider introduced the new debit card after major changes in leadership earlier this year.

    By Tatiana Walk-Morris • Aug. 23, 2022
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB spotlights payments risks

    The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

    By Caitlin Mullen • Aug. 22, 2022
  • Two people talk at a job fair.
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    Joe Raedle via Getty Images
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    Jack Henry expects lower margin expansion

    Higher costs, and less revenue from merger and acquisition activity, are crimping the outlook for profit margin expansion at Jack Henry & Associates.

    By • Aug. 22, 2022
  • Cash dollars lying on the ground
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    Rrraum via Getty Images
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    Payments fundraising slows down in Q2: PitchBook

    Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

    By Tatiana Walk-Morris • Aug. 19, 2022
  • A group of six Federal Reserve Board members stand shoulder to shoulder with U.S. and state flags behind them.
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    Drew Angerer via Getty Images
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    FedNow to launch by mid-2023, Fed official says

    The federal government’s new real-time payments system should be ready for use by the middle of next year, Fed Governor Michelle Bowman said in a speech this week.

    By • Aug. 19, 2022
  • Close-up image of cash and credit cards
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    bernie_photo via Getty Images
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    Credit card alternatives rise

    Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

    By Caitlin Mullen • Aug. 18, 2022
  • A Western Union sign
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    Sean Gallup via Getty Images
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    Western Union, Paymentus CFOs depart

    The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

    By Elizabeth Flood • Aug. 18, 2022
  • Walmart Connect app
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    Courtesy of Walmart
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    Walmart eyes payments opportunities

    With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

    By • Aug. 18, 2022
  • Masked people in La Joya, Texas line up under a cloudy sky, preparing to board a U.S. Border Patrol bus
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    Brandon Bell / Staff via Getty Images
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    Remitly to buy Rewire for $80M

    Cross-border payments company Remitly said it would buy the Israeli financial services company using a mix of cash and stock. 

    By • Aug. 17, 2022
  • Jason Gardner, Marqeta
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    Courtesy of Marqeta
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    Marqeta executive exodus follows IPO

    Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

    By Jonathan Berr , • Aug. 17, 2022
  • Individual holding its hand under Amazon One's palm recognition payment method at a Whole Foods Market checkout counter
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    Courtesy of Sarmishta Ramesh
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    Whole Foods expands use of Amazon One paytech

    After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

    By Peyton Bigora • Aug. 15, 2022
  • The interior of a Central Payments office location
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    Permission granted by Melissa Otten, Director of Marketing & Communications, Central Payments & Falls Fintech
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    Central Payments snags $30M

    The banking-as-a-service company wants to expand its reach as it spins off from the Central Bank of Kansas City.

    By Tatiana Walk-Morris • Aug. 15, 2022
  • Square POS
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    Courtesy of CashApp - Square
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    Square integrates with digital signage provider Raydiant

    New digital integrations could differentiate Block-owned Square within an increasingly competitive point-of-sale and fintech category.

    By Alicia Kelso • Aug. 15, 2022
  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Prostock-Studio via Getty Images
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    Auto dealers tap U.S. Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek
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    Toast gets growth spurt in restaurant payments

    The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

    By • Aug. 11, 2022
  • Two middle school students walk down a school hallway next to a row of lockers, backs toward the camera.
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    FangXiaNuo via Getty Images
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    Flywire posts net loss despite customer wins

    The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

    By Jonathan Berr • Aug. 11, 2022
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    Creative via Getty Images
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    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
  • A woman sits at a desk, looking at her phone and doing paperwork, seemingly to pay bills.
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    fizkes via Getty Images
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    Jack Henry & Associates buys Payrailz

    Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

    By Jonathan Berr • Aug. 10, 2022
  • Paystamd ,buys Mexico's Yaydoo
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    Courtesy of Erica Zeidenberg
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    Paystand buys Yaydoo in Latin American push

    Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

    By Jonathan Berr • Aug. 9, 2022
  • The letters 'M' and 'A' printed on two wood building blocks that are sitting on a computer keyboard.
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    Maks_Lab via Getty Images
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    Payments buyout burst in August signals more M&A

    A burst of acquisitions in the payments industry this month portend a jump in deal-making for the remainder of the year.

    By • Aug. 9, 2022