Technology: Page 5

  • Daniel Muller
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    Permission granted by Aeropay
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    Aeropay targets pay-by-bank evolution in US

    The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

    By • Aug. 26, 2024
  • Federal Reserve Governor Christopher Waller sits on a chair on stage.
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    Lynne Marek/Payments Dive
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    Fed’s Waller eggs on payments research

    Federal Reserve Governor Christopher Waller encouraged attendees at a summer research workshop to keep exploring payments systems, and innovations to overcome frictions in financial markets.

    By Tatiana Walk-Morris and Lynne Marek • Aug. 23, 2024
  • 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
  • Stethoscope on bill statement.
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    9dreamstudio via Getty Images
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    U.S. Bank buys healthcare payments firm

    The bank’s acquisition of Tempe, Arizona-based Salucro Healthcare allows its Elavon unit to dig deeper into healthcare payments and billing services.

    By • Aug. 22, 2024
  • Marqeta CEO Simon Khalaf
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    Permission granted by Money 20/20
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    Q&A

    Marqeta isn’t a ‘single-trick pony,’ CEO says

    The embedded finance firm’s partnerships with Varo Bank, Affirm, Visa and Zoho and its new office launch in Warsaw, Poland, underscore the expansion of the payment platform's market presence.

    By Rajashree Chakravarty • Aug. 22, 2024
  • 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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    Stripe, Zip partner on BNPL processing

    The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.

    By • Aug. 21, 2024
  • The logo for consumer lending firm Capital One Financial Corp is seen on its headquarters on January 20, 2023 in McLean, Virginia.
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    Win McNamee / Staff via Getty Images
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    Capital One, Citi plan to join FedNow in ‘near future’

    The two big banks say they’ll soon connect to the Federal Reserve’s new instant payment system, even as other major banks remain on the sidelines.

    By • Aug. 20, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    BNPL providers won’t face penalties during transition to new CFPB rule

    CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.

    By • Aug. 20, 2024
  • Digital payments
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    Courtesy of Adyen
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    Adyen collects more US customers

    The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.

    By • Aug. 19, 2024
  • People walking the trade show floor at a conference.
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    Lynne Marek/Payments Dive
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    Mastercard to cut 1,000 employees in restructuring

    The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.

    By • Aug. 19, 2024
  • Revolut card with logo
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    Courtesy of Revolut Press Kit
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    UK fintech Revolut valued at $45B

    The British fintech has completed a secondary share sale with new and existing investors to provide liquidity to employees.

    By Gabrielle Saulsbery • Aug. 16, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    FedNow to add more fraud tools, Fed official says

    The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.

    By • Aug. 16, 2024
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    JPMorgan, Zelle may have upper hand if litigation ensues

    If the banks that own Zelle’s parent battle the Consumer Financial Protection Bureau in court, they may find some federal judges open to their arguments, lawyers specializing in the area said.

    By • Aug. 15, 2024
  • The dome of the U.S. Capitol Building as seen at dawn.
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    Win McNamee via Getty Images
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    Fintechs ramp up lobbying over earned wage access, crypto

    Chime, PayPal and Block, for example, spent more on lobbying in the first half of 2024 than for the same span last year, OpenSecrets reported.

    By Suman Bhattacharyya • Aug. 15, 2024
  • A woman using a mobile phone with online transaction appl
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    marchmeena29 via Getty Images
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    Opinion

    Why the CFPB’s recent EWA rule is wrong

    The Consumer Financial Protection Bureau’s earned wage access rule “could outright deny EWA to the wage earners who need it the most,” writes a trade group CEO.

    By Brian Tate • Aug. 14, 2024
  • Car driver's hand on the wheel with a smartphone to the right.
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    Drew Angerer via Getty Images
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    How embedded payments are changing the way we pay

    As payments technology advances, more companies are embedding the payments process in websites and apps. Here’s a primer on how this trend is advancing and changing the payments arena.

    By • Aug. 13, 2024
  • A close-up of a paper pay slip with tax and pension information.
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    tattywelshie via Getty Images
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    Q&A

    Employers react to CFPB’s new stance on EWA

    Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.

    By • Aug. 12, 2024
  • TV screen mounted at a checkout aisle of a grocery store advertising Quaker Oats products
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    Courtesy of Grocery TV
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    North American Bancard rebrands in bid to improve

    The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

    By • Aug. 12, 2024
  • Shift4 CEO Jared Isaacman stands in a crowd of people in an astronaut uniform and is being photographed by onlookers.
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    Joe Raedle via Getty Images
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    Shift4 strives to become ‘SpaceX of payments’

    Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.

    By • Aug. 9, 2024
  • Accountant using calculator.
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    Stock photo via Getty Images
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    Flywire acquires Invoiced for $55M

    By way of the latest deal, the software company seeks to further expand its international payments services for its business-to-business clientele.

    By Tatiana Walk-Morris • Aug. 9, 2024
  • Whataburger Digital Kitchen, the chain's first digital-only unit, opened in Austin in September.
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    Courtesy of Whataburger
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    JPMorgan fires up biometric payments processing

    The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

    By • Aug. 7, 2024
  • A worker keys information into a point of sale screen
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    Creative via Getty Images
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    Toast aims to move beyond restaurants

    The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

    By • Aug. 7, 2024
  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS starts to get its payments mojo back

    Fidelity National Information Services is starting to recharge its card payments business in the wake of selling Worldpay, the company’s CEO said.

    By • Aug. 6, 2024
  • Apple introduces tap to pay on iPhone.
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    Courtesy of Apple
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    Apple services revenue rises with boost from payments

    The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.

    By • Aug. 5, 2024
  • Small wooden box swag from Fed with FedNow logo.
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    Lynne Marek/Payments Dive
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    FedNow ‘could lower fees’ in future, analyst reports

    The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.

    By • Aug. 5, 2024
  • The exhibit floor at the Nacha Smarter Faster Payments conference in Miami this year.
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    Lynne Marek/Payments Dive
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    Outdated tech could slow instant payment adoption: survey

    Financial institutions expect business clients to be a driver of instant payment revenue, but adopting the technology comes with hurdles, the results of a recent survey showed.

    By Tatiana Walk-Morris • Aug. 2, 2024