Retail: Page 12
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Landmark Visa, Mastercard settlement in peril
The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.
By James Pothen • June 14, 2024 -
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Startup offers ‘credit-building’ debit cards for Gen Z
Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.
By Patrick Cooley • June 13, 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 -
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EBay to accept Venmo
A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, a digital tool popular among Gen Z and millennials.
By Patrick Cooley • June 12, 2024 -
Courtesy of Apple
Apple unveils new iPhone touch and pay feature
The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.
By Patrick Cooley • June 12, 2024 -
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Rivals Adyen, Stripe partner with Capital One to combat fraud
The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.
By Patrick Cooley • June 10, 2024 -
Courtesy of Mastercard
Mastercard shepherds seven startups
The card network has selected a group of next-generation payment and banking startups for its accelerator program.
By Tatiana Walk-Morris • June 10, 2024 -
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Illinois heads toward landmark card interchange fee restrictions
The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.
By Lynne Marek • June 7, 2024 -
Courtesy of Affirm
Affirm adds new options in bid to battle cards
The buy now, pay later provider now offers two 30-day payment plans; one that allows for full payment and another that splits a purchase in two, in addition to its “pay in four” offering.
By James Pothen • June 7, 2024 -
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Amex dismisses impact of eBay’s rejection
EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.
By Patrick Cooley • June 6, 2024 -
Drew Angerer via Getty Images
Pot payments players crave federal reforms
The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.
By Patrick Cooley • June 5, 2024 -
Courtesy of Early Warning Services (parent company of Zelle)
Early Warning launches campaign to warn seniors
The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.
By Tatiana Walk-Morris • June 5, 2024 -
Permission granted by Square
Cash App exec hints at Square integration
Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.
By James Pothen • June 3, 2024 -
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Sponsored by Adobe5 ways unified commerce transforms the retail experience
Customers have multiple ways to access your products and brand, but do those experiences work together for their benefit—and yours?
June 3, 2024 -
Permission granted by Dollar General
Dollar General to eliminate ‘vast majority’ of self-checkout
The store chain has already removed self-checkouts from 12,000 of its more than 20,000 stores, the CEO said.
By Nate Delesline III • May 31, 2024 -
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Are digital wallets safer than debit cards?
Research shows young people see digital wallets as a more secure option than debit and credit cards. Cybersecurity professionals mostly agree, despite caveats.
By Patrick Cooley • May 31, 2024 -
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Mastercard floats crypto credential service
The card issuer joins its tech and payments peers in integrating crypto into the traditional financial system.
By Tatiana Walk-Morris • May 31, 2024 -
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Investments for payments startups trickle in
Venture capital flowing to startups in the payments sphere remains reduced this year, extending a rut from last year.
By Lynne Marek • May 30, 2024 -
Courtesy of Klarna
Klarna uses AI to cut marketing costs
The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.
By Chris Kelly • May 29, 2024 -
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Debit cards face rising digital wallet competition
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.
By Patrick Cooley • May 29, 2024 -
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PayPal pursues ad platform tied to data
The new offering by the digital payments pioneer will be led by Mark Grether, who helped grow Uber Advertising into a $1 billion business.
By Chris Kelly • May 28, 2024 -
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Paze targets nationwide coverage by year-end shopping season
The big bank-backed digital wallet is now accepted by about 80,000 "primarily small" merchants according to Early Warning Services Managing Director James Anderson.
By James Pothen • May 28, 2024 -
Justin Sullivan / Staff via Getty Images
Visa preps for US pay-by-bank services
The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said.
By Lynne Marek • May 28, 2024 -
Joe Raedle / Staff via Getty Images
Walmart and Capital One break up
The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.
By Lynne Marek • May 24, 2024 -
Mykola Pokhodzhay via Getty Images
OpinionLet’s avoid legal patchwork for credit card surcharging
“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.
By Jonathan Razi and Keturah Taylor • May 23, 2024 -
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CFPB to treat BNPL loans like credit cards
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.
By James Pothen • May 22, 2024
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