The Latest
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Opinion
Fintech founder backs Google, Apple
“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.
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Sponsored by Modern Treasury
3 pieces of modern infrastructure needed to manage tech-disrupted finance flows
Soon, all payments will begin and end with software. Which innovations should companies prioritize now?
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Banking apps fall short on fraud protections: report
Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.
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Q&A
ACI CEO weighs in on FedNow, cross-border payments
The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.
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Visa teams with SAP’s Taulia on embedded payments
The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.
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Stripe reports payments volume increase
The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.
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Klarna’s IPO prospects grab spotlight
The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.
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PayPal, Mastercard add C-suite hires
Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.
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FDIC pushes regulators to address tokenization
Tokenization could be a "major leap" for the monetary system. FDIC Vice Chairman Travis Hill doesn't want the U.S. to be left out.
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PayPal may axe straggler business units
On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.
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Affirm CFO swears off auto lending, for now
The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.
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Hertz taps Stripe for digital payments
The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.
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Visa spends ‘billions’ battling cybersecurity threats
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
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JPMorgan to launch biometric checkout next year
The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.
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Biden, Republicans clash over card fees
President Biden and Republican lawmakers sparred Thursday over credit card late fees, as some House members also challenged the Federal Reserve’s proposed cap on debit card fees.
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Apple reverses decision on blocking Epic
“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.
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IHG approves slew of hotel digital tipping solutions
The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.
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Apple blocks Epic’s rival app store
“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.
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Fleetcor invests in Brazilian mobile app business Zapay
Fleetcor’s investment this week follows other payments companies, including Visa, in investing in Brazilian businesses.
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PayPal CEO prioritizes bettering branded services
Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.
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Capital One angles to push Discover upmarket
With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.
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Google allows alternatives in Europe, cracks down in India
The tech giant said it will expand in-app payments options in the EU, while cracking down on apps in India that it said refused to pay its fees.
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Visa, Western Union partner on cross-border payments
The card network and the cross-border payments company are developing an international payment system that could be used in disaster situations.
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Huck’s adds touchless payments for fleets
The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.
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US Health Dept. offers assistance in wake of Change cyberattack
Healthcare providers have reported significant challenges to their day-to-day operations, including problems receiving payment from patients and insurers.
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CFPB imposes $8 credit card late fee rate
The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases.