Retail: Page 10
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Toast aims to move beyond restaurants
The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.
By Patrick Cooley • Aug. 7, 2024 -
Courtesy of FIS
FIS starts to get its payments mojo back
Fidelity National Information Services is starting to recharge its card payments business in the wake of selling Worldpay, the company’s CEO said.
By Lynne Marek • Aug. 6, 2024 -
Explore the Trendline➔
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TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Courtesy of Apple
Apple services revenue rises with boost from payments
The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.
By Patrick Cooley • Aug. 5, 2024 -
Courtesy of Mastercard
Mastercard refocuses on tech in int’l markets
The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.
By Lynne Marek • Aug. 1, 2024 -
Justin Sullivan / Staff via Getty Images
ColumnIs Visa readying for an expiration of cards?
Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.
By Lynne Marek • July 31, 2024 -
Courtesy of Amazon
Amazon’s checkout tech is getting an AI upgrade
Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.
By Jeff Wells • July 31, 2024 -
Permission granted by PayPal
PayPal CEO leans on big-name clients for growth
Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.
By Lynne Marek • July 30, 2024 -
Matt Winkelmeyer via Getty Images
Stripe buys software rival Lemon Squeezy
The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.
By Patrick Cooley • July 30, 2024 -
Justin Sullivan via Getty Images
Milberg roils Visa-Mastercard settlement claims process
The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.
By Lyle Moran • July 29, 2024 -
I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
Affirm says CFPB’s proposed BNPL rules will confuse customers
In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.
By Patrick Cooley • July 29, 2024 -
Joe Raedle / Staff via Getty Images
Capital One racks up Walmart, Discover costs
The card company set aside more than $800 million to brace for credit card losses tied to its break-up with retail behemoth Walmart.
By Caitlin Mullen • July 29, 2024 -
Justin Sullivan via Getty Images
PayPal changes chairman, reduces board size
PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.
By Lynne Marek • July 26, 2024 -
Permission granted by Clair
Q&AClair CEO backs CFPB rule proposal on EWA
Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.
By Lynne Marek • July 25, 2024 -
Justin Sullivan via Getty Images
Visa CEO ‘strongly’ disagrees with class settlement ruling
The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.
By Lynne Marek • July 24, 2024 -
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Fiserv to leverage artificial intelligence to help merchants
The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.
By Patrick Cooley • July 24, 2024 -
Courtesy of Mastercard
FTC demands pricing input from Mastercard, others
The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
By Lynne Marek • July 23, 2024 -
Scott Olson via Getty Images
Amex benefits from young cardholders’ spending
Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.
By Patrick Cooley • July 23, 2024 -
Courtesy of Green Dot
Fed fines Green Dot $44M over prepaid cards
The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.
By Gabrielle Saulsbery • July 23, 2024 -
Matt Kapko/Payments Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
gorodenkoff via Getty Images
Sponsored by Concora CreditHow retailers can drive more sales by meeting the financing needs of more customers
Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.
July 22, 2024 -
Chris Hondros / Staff via Getty Images
JPMorgan Chase invests in B2B payments startup Slope
The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.
By Lynne Marek • July 19, 2024 -
Justin Sullivan via Getty Images
Visa, OpenTable partner on dining perks program
The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.
By Tatiana Walk-Morris • July 19, 2024 -
Win McNamee via Getty Images
Opponents of Capital One-Discover merger to air grievances
Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.
By Patrick Cooley • July 18, 2024 -
Matt Winkelmeyer via Getty Images
Stripe leads the way to Q2 fundraising recovery
Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.
By Lynne Marek • July 17, 2024 -
Permission granted by Lynne Marek
Prepaid card spending accelerates
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
By Patrick Cooley • July 16, 2024
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