Retail

  • MoneyGram phone sits on store counter.
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    Retrieved from Lynne Marek on March 04, 2022
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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 • Oct. 29, 2024
  • FTC regulation cable television internet
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    Nanci Santos via Getty Images
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    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
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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
  • Exterior of the state capitol of Illinois in Springfield, IL
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    rruntsch via Getty Images
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    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
  • Digital payments
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    Courtesy of Adyen
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    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 • Oct. 25, 2024
  • The Goldman Sachs company logo is displayed on a screen at the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.
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    Michael M. Santiago via Getty Images
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    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 introduces tap to pay on iPhone.
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    Courtesy of Apple
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    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 • Oct. 18, 2024
  • A sign that reads "Discover" marks the entrance to the card company's headquarters in Illinois.
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    Scott Olson / Staff via Getty Images
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    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 • Oct. 17, 2024
  • A sign hangs near a Walmart store.
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    Joe Raedle / Staff via Getty Images
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    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 • Oct. 17, 2024
  • FTC regulation
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    Gorodenkoff via Getty Images
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    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
  • Hand with phone showing Visa card image passes a hand holding another phone
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    Courtesy of Megan Cheung
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    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 • Oct. 16, 2024
  • Hand of person tapping phone with dollar signs floating up
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    Courtesy of Mastercard
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    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
  • Hand with a stack of hundred US dollars bills, close up
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    Vadym Petrochenko via Getty Images
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    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 • Oct. 15, 2024
  • Man sitting at table outside with card in one hand and a phone in another hand.
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    MStudioImages via Getty Images
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    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 • Oct. 15, 2024
  • A Chevrolet Volt extended-range electric vehicle
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    Bill Pugliano via Getty Images
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    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 • Oct. 14, 2024
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    Moowan Photo via Getty Images
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    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 • Oct. 14, 2024
  • A sign is posted in front of Nvidia headquarters on February 22, 2023 in Santa Clara, California.
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    Justin Sullivan / Staff via Getty Images
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    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 • Oct. 11, 2024
  • A photo of a person using a Grabango machine to check out.
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    Courtesy of Grabanco
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    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
  • A rifle is seen in a store window
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    Spencer Platt / Staff via Getty Images
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    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 • Oct. 10, 2024
  • Woman standing behind counter and cash register serves ice cream cone.
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    Permission granted by Lynne Marek
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    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 • Oct. 9, 2024
  • A person pays in a restaurant
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    Creative via Getty Images
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    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 • Oct. 9, 2024
  • Money moving through cyberspace.
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    Viorika via Getty Images
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    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
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    Bonnie Cash via Getty Images
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    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 • Oct. 8, 2024
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    abdoudz via Getty Images
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    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 • Oct. 7, 2024
  • Phone checkout screen
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    Permission granted by Adyen
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    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
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    Retrieved from OCC.
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    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 • Oct. 3, 2024