Retail
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MoneyGram replaces CEO, naming former Walmart executive to the role
The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.
By Lynne Marek • Oct. 29, 2024 -
Cable TV, advertisers ask appeals court to block FTC ‘click-to-cancel’ rule
The companies call the new regulation arbitrary and capricious, carrying a presumption that subscription services are deceptive.
By Justin Bachman • Oct. 28, 2024 -
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 -
Opinion
Illinois should abandon interchange law
“Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.
By Jodie Kelley • Oct. 25, 2024 -
Finix eyes competition with rivals like Stripe
The payment processor said Thursday that it raised $75 million and is seeking to grab a bigger slice of a payments market dominated by larger rivals.
By Patrick Cooley • Oct. 25, 2024 -
Goldman, Apple to pay CFPB $89.8M over Apple Card issues
The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing products, the bureau alleged.
By Gabrielle Saulsbery • Oct. 23, 2024 -
Apple, Klarna collaborate on BNPL
The tech giant has linked with the Swedish buy now, pay later provider to offer Apple Pay customers in the U.S. and U.K. another payment option.
By Patrick Cooley • Oct. 18, 2024 -
Discover discloses SEC accounting criticism
The federal agency disagrees with the way the card network is allocating card misclassification charges, Discover said in its third-quarter earnings report.
By Patrick Cooley • Oct. 17, 2024 -
Walmart pitches Fiserv’s Clover to business clients
The retailer is offering the mega-processor’s Clover equipment and account services to its business clients at a discount through next January.
By Lynne Marek • Oct. 17, 2024 -
FTC unveils final ‘click-to-cancel’ rule for consumers
The agency rule targeting recurring payments comes amid a broader effort by the Biden administration to reduce consumer “junk” fees.
By Justin Bachman • Oct. 16, 2024 -
Visa taps AI analytics partner to add merchant services
The card network giant has signed a new multi-year agreement with the marketing research firm Analytic Partners to deliver advertising insights to merchant clients.
By Lynne Marek • Oct. 16, 2024 -
Payments players tap M&A to build tech stacks
The Fed’s recent interest rate cut could spur even more deal-making in the remaining months of the year and into 2025. Mastercard, Global Payments and Payoneer are among the companies that have bought businesses this year.
By Shefali Kapadia • Oct. 16, 2024 -
Payments investments rise worldwide
Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.
By Lynne Marek • Oct. 15, 2024 -
More authentication leads to fewer approvals
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
By Patrick Cooley • Oct. 15, 2024 -
Barclays replaces Goldman Sachs as GM card issuer
The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.
By Patrick Cooley • Oct. 14, 2024 -
Worldpay taps Aeropay for gaming payments assist
The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.
By Lynne Marek • Oct. 14, 2024 -
Stripe partners with Nvidia, Pepsi and Rivian
The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.
By Patrick Cooley • Oct. 11, 2024 -
Automated-checkout company Grabango shuts down
The tech company was unable to secure the funding needed to continue operating, a spokesperson said.
By Brett Dworski , Jeff Wells • Oct. 11, 2024 -
New York Governor signs gun code law
Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.
By Patrick Cooley • Oct. 10, 2024 -
Toast increases processing fees, adds surcharge feature
The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.
By Patrick Cooley • Oct. 9, 2024 -
Global Payments embarks on ‘transition’ year
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.
By Lynne Marek • Oct. 9, 2024 -
MoneyGram attack exposed sensitive customer data
The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.
By Matt Kapko • Oct. 9, 2024 -
Durbin jumps into Illinois interchange law fray
Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.
By Lynne Marek • Oct. 8, 2024 -
Real-time payments to make uneven progress, report predicts
The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.
By Lynne Marek • Oct. 7, 2024 -
Sponsored by Adyen
How Hugo Boss, Prada provide bespoke service with payments
These retailers have focused on innovative ways to create tailored services that align with their overall luxury shopping experience.
Oct. 7, 2024 -
OCC seeks to halt Illinois card interchange fee law
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
By Lynne Marek • Oct. 3, 2024