Retail: Page 10
-
Courtesy of Toast Inc.
Toast CFO weighs in on Visa-Mastercard settlement
The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.
By James Pothen • May 13, 2024 -
Permission granted by James Pothen
CFPB, DOT take aim at airline rewards
The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.
By James Pothen • May 10, 2024 -
Explore the Trendline➔
innni via Getty Images
TrendlinePayments 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 -
Kevin Frayer via Getty Images
Mastercard joint venture starts operations in China
The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.
By Lynne Marek • May 10, 2024 -
Lynne Marek/Payments Dive
Jack Henry, Visa see escalating FedNow volume
While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.
By Lynne Marek • May 9, 2024 -
Permission granted by Cushion
BNPL users tend to have lower incomes: Bank of America
The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among millennial and Gen X consumers.
By Lynne Marek • May 6, 2024 -
bymuratdeniz via Getty Images
Merchants urged to file claims for $5.5B payment card settlement
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
By Lyle Moran • May 6, 2024 -
Photographer unknown via Getty Images
OpinionPay-by-bank holds promise
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
By Eric Shoykhet • May 3, 2024 -
Permission granted by Diebold Nixdorf
Automatic age verification comes to self-checkout
Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.
By Jessica Loder • May 3, 2024 -
Creative via Getty Images
Global Payments to wrap review soon
The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.
By Lynne Marek • May 2, 2024 -
martin-dm via Getty Images
Amazon makes a subscription play
The giant digital retailer has created a new payment flow connected to groceries.
By Catherine Douglas Moran • May 1, 2024 -
Justin Sullivan / Staff via Getty Images
PayPal, Bread brace for late fee cap
Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.
By Lynne Marek • May 1, 2024 -
Permission granted by Stripe
Stripe unbundles services as industry shifts
The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.
By James Pothen • May 1, 2024 -
William_Potter via Getty Images
Real-time consumer payments need standards to rise
To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.
By Lynne Marek • April 30, 2024 -
bernie_photo via Getty Images
NRF objects to Visa-Mastercard settlement
The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.
By Lynne Marek • April 29, 2024 -
Jessica Loder/Payments Dive
How Love’s is remaking stores and checkout
The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.
By Jessica Loder • April 29, 2024 -
DKosig via Getty Images
OpinionWhy financial institutions should embrace ISO 20022
Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.
By Sylvie Boucheron-Saunier • April 26, 2024 -
Catherine Douglas Moran/Payments Dive
Walmart removes self-checkout from select stores
The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.
By Kristen Doerer • April 25, 2024 -
Justin Sullivan / Staff via Getty Images
Visa debit card volume growth keeps sliding
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
By Lynne Marek • April 24, 2024 -
Scott Olson via Getty Images
Walmart offers a new BNPL option: report
The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.
By Caitlin Mullen • April 24, 2024 -
Eugene Gologursky / Stringer via Getty Images
Fiserv rises on international, government sales
The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.
By Lynne Marek • April 23, 2024 -
John Phillips via Getty Images
Klarna expands reach with Uber partnership
The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.
By James Pothen • April 23, 2024 -
Scott Olson via Getty Images
Amex endures slow return of SMB demand
Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year.
By Lynne Marek • April 19, 2024 -
Courtesy of Amazon
Amazon defends ‘Just Walk Out’ pullback
The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.
By James Pothen • April 19, 2024 -
Permission granted by Klarna
Klarna overhauls credit card features
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
By Lynne Marek • April 18, 2024 -
Joe Raedle / Staff via Getty Images
CFPB $8 late fee cap edges toward reality
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
By Lynne Marek • April 17, 2024
Previous
