Retail: Page 3
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CFPB warns remittance firms about false ads
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
By Tatiana Walk-Morris • March 29, 2024 -
Discover CEO to exit for Ally
Michael G. Rhodes, who took the top post at Discover this year, is leaving to become the next CEO of the bank Ally.
By Caitlin Mullen • March 27, 2024 -
Trendline
Real-time payments are on the rise
As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.
By Payments Dive staff -
Walmart can end Capital One card tie early, judge says
It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.
By Caitlin Mullen • March 27, 2024 -
NY Assembly bill counters governor on BNPL
A New York assemblymember has introduced a buy now, pay later bill, countering one introduced in the governor’s budget bill.
By Lynne Marek • March 27, 2024 -
Visa, Mastercard reach landmark credit card settlement
The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.
By Lynne Marek • March 26, 2024 -
How Visa handled ‘BidenCash’ card fraud incident
The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.
By Tatiana Walk-Morris and Lynne Marek • March 25, 2024 -
Digital wallets to overtake debit cards in stores: report
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
By James Pothen • March 22, 2024 -
Column
PayPal’s new CEO takes the Venmo challenge
PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.
By Lynne Marek • March 21, 2024 -
Meta’s payment plays may pay off this year: report
A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.
By James Pothen • March 20, 2024 -
Fed banks analyze consumer use of card promos
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
By Tatiana Walk-Morris • March 20, 2024 -
Ballooning credit card balances loom over retail sales
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
By Daphne Howland • March 19, 2024 -
Nuvei forms committee to evaluate ‘strategic alternatives’
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
By Lynne Marek • March 18, 2024 -
Q&A
FreedomPay doubles down on gateway focus
The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal.
By Caitlin Mullen • March 18, 2024 -
Afterpay extends reach beyond apparel
The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.
By Tatiana Walk-Morris • March 18, 2024 -
Fiserv searches for ‘tuck-in type’ deals
Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.
By Caitlin Mullen • March 15, 2024 -
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.
By Kingsley Ezeani • March 15, 2024 -
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.
By Lynne Marek • March 14, 2024 -
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.
By Tatiana Walk-Morris • March 14, 2024 -
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.
By Caitlin Mullen • March 13, 2024 -
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.
By Lynne Marek • March 13, 2024 -
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.
By James Pothen • March 13, 2024 -
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.
By Lynne Marek • March 12, 2024 -
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.
By Caitlin Mullen • March 12, 2024 -
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.
By James Pothen • March 12, 2024 -
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.
By Lynne Marek • March 11, 2024