Retail: Page 13
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Retrieved from BP.
BP to upgrade mobile app, POS system
The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.
By Brett Dworski • March 6, 2024 -
Chip Somodevilla via Getty Images
CFPB imposes $8 credit card late fee rate
The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases.
By Lynne Marek • March 5, 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 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv lines up FedNow clients
The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.
By Lynne Marek • March 5, 2024 -
Jesse Grant via Getty Images
Cash App enforcement action expected this year
Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.
By Lynne Marek • March 4, 2024 -
Joe Raedle / Staff via Getty Images
Mastercard, Fiserv execs take sides on debit regulation
A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.
By Caitlin Mullen • March 4, 2024 -
Courtesy of Klarna International
Klarna news may confirm workers’ worst fears: AI replacement
FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.
By Caroline Colvin • March 1, 2024 -
Courtesy of Affirm
Q&AAffirm preps for UK launch
Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.
By Caitlin Mullen • March 1, 2024 -
Eugene Gologursky / Stringer via Getty Images
Fiserv ponders M&A
CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.
By Caitlin Mullen • Feb. 29, 2024 -
Sviatlana Zyhmantovich via Getty Images
App features bolster Zip’s US revenue growth
Gamified repayment and variable first installments were two features that CEO Cynthia Scott said contributed to the BNPL company’s U.S. revenue growth.
By James Pothen • Feb. 28, 2024 -
Courtesy of Amazon
Amazon expands smart carts pilot
The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store.
By James Pothen • Feb. 27, 2024 -
Courtesy of Publix
Self-checkout promises ultimate convenience. Is it doing its job?
The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said.
By Bryan Wassel • Feb. 26, 2024 -
Spencer Platt / Staff via Getty Images
Congress members lob dueling gun code bills
Democratic and Republican Congress members took opposing stances this month in introducing bills on the use of a new gun merchant category code.
By Caitlin Mullen • Feb. 26, 2024 -
Sam Silverstein/Payments Dive
Cash-strapped consumers turn to BNPL: Fed survey
Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.
By Tatiana Walk-Morris • Feb. 23, 2024 -
Kevin Dietsch / Staff via Getty Images
Affirm sheds workers
The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.
By Caitlin Mullen • Feb. 22, 2024 -
Scott Olson via Getty Images
Mastercard to be dinged by Discover deal
While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.
By Lynne Marek • Feb. 21, 2024 -
Chip Somodevilla via Getty Images
Cross-border payments remain focus for Fed
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
By Lynne Marek • Feb. 20, 2024 -
Justin Sullivan via Getty Images
PayPal invests in AI startup Rasa
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
By Tatiana Walk-Morris • Feb. 20, 2024 -
Permission granted by Toast
Toast to cut 550 employees
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
By Lynne Marek • Feb. 16, 2024 -
whyframestudio via Getty Images
Global Payments may pare operations
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
By Lynne Marek • Feb. 15, 2024 -
I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
BNPL popularity rises among ‘financially fragile’ consumers
About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.
By Caitlin Mullen • Feb. 15, 2024 -
Justin Sullivan / Staff via Getty Images
Apple extends prepaid debit card reach
Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.
By James Pothen • Feb. 15, 2024 -
Anna Hrushka/Payments Dive
Q&AAdyen eyes growth in North America
Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.
By Caitlin Mullen • Feb. 14, 2024 -
Courtesy of Bitcoin Depot
Bitcoin Depot expands footprint by 400 ATMs
The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.
By James Pothen • Feb. 14, 2024 -
Justin Sullivan via Getty Images
PayPal’s Rabinovitch takes Worldpay CFO seat
Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company after a recent rocky history for the business.
By Grace Noto • Feb. 13, 2024 -
Scott Olson via Getty Images
Card networks to implement gun code in California: report
Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.
By Caitlin Mullen • Feb. 12, 2024
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