Retail: Page 13
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Courtesy of Mastercard
Mastercard CEO outlines int’l ambitions
Mastercard has set its sights on expanding in China, Japan and elsewhere, Michael Miebach said in spelling out the company’s worldview. Last year, the company drew two-thirds of revenue from outside North America.
By Lynne Marek • May 21, 2024 -
Lynne Marek/Payments Dive
Deep DiveReal-time lessons for FedNow from Brazil, India
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
By Christiana Sciaudone • May 21, 2024 -
Explore the Trendline➔
tommy via Getty Images
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 -
Retrieved from Chestnut Market.
How retailers are seeking to improve self-checkout
Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self-checkout, and how retailers can address them.
By Brett Dworski • May 20, 2024 -
The image by Ted Eytan is licensed under CC BY-SA 2.0
OpinionCFPB should reconsider prepaid rule
The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.
By Brian Tate • May 17, 2024 -
Kevin Dietsch via Getty Images
Supreme Court upholds CFPB’s funding structure
The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least two federal judges to pause CFPB rules, pending the high court's opinion.
By Dan Ennis • May 16, 2024 -
Permission granted by Square
Payments firms seek candidates for product, partner roles
Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.
By Tatiana Walk-Morris • May 16, 2024 -
Courtesy of Shift4
Shift4 to buy rival POS firm Revel for $250M
The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.
By James Pothen , Lynne Marek • May 15, 2024 -
uschools via Getty Images
Fed bombarded by debit card fee commentary
The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.
By Lynne Marek • May 14, 2024 -
Courtesy of 7-Eleven
7-Eleven testing financial services in stores
The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
By Jessica Loder • May 14, 2024 -
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 -
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
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