Tag: Technology

February 27, 2023

While Passbook was gaining traction with customers, the product was outside the fintech’s core customer segment, Oppenheimer told analysts last week. “We believe it makes sense to redeploy our resources to higher returning investments, targeted at our core remittance customer,” […]

February 23, 2023

Nacha, which governs the automated payments system, attributed the drop in direct deposits to the conclusion of federal COVID-19 pandemic relief and fewer unemployment benefit payments. Looking ahead, the organization said it is focused on encouraging the dental industry to […]

February 14, 2023

Walmart concluded that, for the time being at least, it no longer needs e-commerce-only stores because the company has added pickup and delivery operations to thousands of full-service locations in the years since the Bentonville store opened in 2014, the […]

February 9, 2023

The embattled CEO of PayPal, Dan Schulman, plans to retire at the end of the year, after the digital payments pioneer has struggled in recent years to meet growth goals and beat back mounting competition. Schulman said he spoke multiple […]

January 31, 2023

The PayPal job cuts follow a $2-billion investment in the company last year by Elliott Investment Management, an activist investor that often pushes companies to increase profitability in the interest of boosting stock prices. The value of PayPal’s shares have […]

January 13, 2023

Austin, Texas-based Oracle touted the new feature as a kind of one-stop-platform for retailers, where they can process payments, oversee inventory and manage staff. The company also argued that the services will be a less expensive alternative in the marketplace, […]

January 13, 2023

PayPal’s Xoom has offered money transfer services domestically since 2020 and expanded its cross-border capabilities last year. Now, it’s speeding up the delivery of the payments with an assist from Visa’s real-time system called Visa Direct. Xoom’s debit card deposit […]

January 12, 2023

Card giant American Express said it has agreed to purchase Nipendo, an Israeli business-to-business payments automation company, but didn’t say how much it will pay for the acquisition. Nipendo, headquartered in Netanya, Israel, “will make B2B payments processes much easier […]

November 28, 2022

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts. To that end, one new service the company is testing is a teen account for users […]

November 21, 2022

Visa President Ryan McInerney will not be short on growth goals when he takes over as CEO of the global card network giant Visa next year. When McInerney spoke at a recent bank conference he uttered the word “opportunity” more […]

November 14, 2022

About a year ago, Pinterest launched Pinterest TV with live product releases from brands like Crown Affair, Outdoor Voices and Allbirds. The platform allows creators to add shoppable tags, offer limited-time discounts and show viewers how many items are left […]

October 31, 2022

The P2P tool addition is part of Jack Henry’s bid to keep expanding its technological capabilities and tools for its community and regional bank clients. The company introduced this tool to enable banks and credit unions to provide a safe […]

October 20, 2022

Republican ire is spooling up over what digital payments company PayPal called an error in the post of a user policy that threatened to debit users’ accounts if they shared ”misinformation.” A group of Republicans, including two ranking committee members, […]

October 5, 2022

Rabinovitch’s recent appointment marks her second stint this year as interim CFO for PayPal. Until Jorgensen joined, Rabinovitch temporarily replaced long-time PayPal CFO John Rainey after he left to take the financial reins at Bentonville, Arkansas-based Walmart. In addition to […]

October 4, 2022

The rapidly increasing pace of change and need for code in many industries, including banking, has driven major growth in two alternatives to traditional software development: “low-code” and “no-code,” according to Steve Cocheo, executive editor at The Financial Brand. Low-code […]

October 4, 2022

After covering the basics, benefits, and challenges of AI writing software for marketing, let’s look at the best ways to implement these tools. For our last article in this series, we reached out to marketing professionals and business leaders to […]

September 21, 2022

Visa isn’t the only company targeting the gigantic B2B payments and remittances markets for growth. In the B2B arena, there are a host of new entrants, such as Ramp, seeking to provide businesses with new digital tools for moving money. […]

September 9, 2022

Social media has transformed from a tool to keep in touch with your friends to a mind-reading app. When you think of a product or service, Facebook, Instagram, YouTube and TikTok immediately start bombarding you with ads. The underlying technology […]

September 8, 2022

Customers are connected on social media and digital channels, empowered and in control. How they talk about a brand and their purchase decisions are shaped by one thing — their experience, which is every interaction they have with the brand. […]

September 2, 2022

We are heading into the last long weekend of summer. It’s never easy, but disconnecting from work and finding opportunity to connect with nature and community has never been more important. Labour Day is about the rights of workers to […]