Retail
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Fiserv swallows gig rival Payfare
The mega payments processor bought a Canadian digital banking provider after the two jockeyed for business from the delivery company DoorDash.
By Patrick Cooley • Jan. 2, 2025 -
BNPL payments rise with young, repeat users
Buy now, pay later users in the U.S. tended to be returning customers under 35 years-old, according to a new analysis from LexisNexis Risk Solutions.
By Patrick Cooley • Dec. 20, 2024 -
Trendline
Payments players eye digital B2B opportunity
Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.
By Payments Dive staff -
CFPB sues Early Warning Services over Zelle
The federal agency sued the operator of the pay-by-bank service as well as three bank owners, alleging they let fraud "fester" on the digital system.
By Lynne Marek • Dec. 20, 2024 -
Visa spots tripling of fraud over holiday weekend
The card network attributed the spike in fraud partly to criminals adopting artificial intelligence to execute their schemes.
By Tatiana Walk-Morris • Dec. 19, 2024 -
CFPB swats at retail credit cards
The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.
By Lynne Marek • Dec. 18, 2024 -
Merchants maneuver as Visa enforces surcharge program
As the card network giant enforces its surcharge rules, merchants react to different experiences in the market and adjust.
By Shefali Kapadia • Dec. 17, 2024 -
What role do stablecoins play in the payments industry?
With the discussion of stablecoins intensifying after the election of Donald Trump, here’s a primer explaining what this cryptocurrency is and what its practical uses may be.
By Patrick Cooley • Dec. 17, 2024 -
Klarna, eBay for European expansion
The Swedish buy now, pay later provider is expanding with the global marketplace company as it contemplates a U.S. initial public offering.
By Tatiana Walk-Morris • Dec. 13, 2024 -
PayPal to boost prices for merchants
The digital payments pioneer plans to increase fees U.S. merchants pay for some of its services, including buy now, pay later options, starting next month.
By Lynne Marek • Dec. 12, 2024 -
Afterpay to drive Cash App growth, executive says
Once users have signed up for the Cash App card, Block can convince them to use other Block products, a company executive said.
By Patrick Cooley • Dec. 11, 2024 -
Q&A
Keeping cash may be critical for a resilient payment system
Climate change, wars and societal benefits should lead the U.S. to maintain greenbacks as an alternative to electronic money, one business professor argues, but he’s worried about preserving it.
By Lynne Marek • Dec. 9, 2024 -
Fiserv CEO tapped to lead Social Security Administration
President-elect Trump announced the nomination of Frank Bisignano late Wednesday, and the payments processor confirmed the appointment Thursday.
By Lynne Marek • Dec. 5, 2024 -
PayPal targets higher Braintree pricing
The digital payments pioneer is attempting to develop a more profitable unbranded business line, the company's CFO said at an investor conference this week.
By Suman Bhattacharyya • Dec. 5, 2024 -
CFPB proposes rule to rein in data brokers’ sale of consumer information
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
By Lynne Marek • Dec. 3, 2024 -
Lightspeed discloses strategic reorganization
The Canadian payments software company said it expects the operational overhaul to impact 200 workers and result in savings that can be redirected to its priorities.
By Lynne Marek • Dec. 2, 2024 -
Musk calls for end to CFPB
The presumed Trump Cabinet appointee said there “are too many duplicative regulatory agencies,” calling out the consumer watchdog specifically Wednesday.
By Gabrielle Saulsbery • Dec. 2, 2024 -
Consumers grab credit cards for holiday shopping
Credit card debt will not slow shoppers down as they spend for the holidays, according to a new survey of U.S. consumers.
By Tatiana Walk-Morris • Dec. 2, 2024 -
Black Friday winners and losers
Payments players charted an increase in spending over the Thanksgiving Day holiday weekend, with e-commerce sales growth outstripping the rise in stores.
By Daphne Howland • Dec. 2, 2024 -
Sponsored by Adyen
The $185 billion opportunity: How platforms can leverage embedded finance to unlock additional revenue streams
Although early-adopting platforms are already reaping the rewards of embedded finance, crucially, supply has not yet caught up with demand.
Dec. 2, 2024 -
Credit card delinquencies mount, Fed says
Consumers’ credit card delinquencies have risen this year, along with their balances, according to an annual Federal Reserve Board report.
By Lynne Marek • Nov. 27, 2024 -
BNPL use may rise this year for holiday shopping
With credit card interest rates at a historic high, consumers are likely to gravitate to lower-cost alternatives, including potentially buy now, pay later options, industry consultants say.
By Patrick Cooley • Nov. 27, 2024 -
Visa to boost credit card fees next year
The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.
By Lynne Marek • Nov. 25, 2024 -
Richmond Fed seeks more CapOne-Discover input
The regional Fed bank, which has purview for the proposed merger, demanded more information from the bank as it considers whether to approve the deal.
By Lynne Marek • Nov. 22, 2024 -
CFPB tweaks big tech payments rule
In finalizing the new rule to oversee digital wallet providers Thursday, the Consumer Financial Protection Bureau said it made important changes to its initial proposal.
By Lynne Marek • Nov. 21, 2024 -
Amazon now accepts EBT card payments
The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.
By Patrick Cooley • Nov. 21, 2024