Retail: Page 14
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Affirm takes cautious approach to six-month outlook
The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.
By Caitlin Mullen • Feb. 12, 2024 -
Lynne Marek/Payments Dive
Western Union, Euronet lean into digital growth
The cross-border payments companies are increasingly turning to digital services to drive growth in a market that is “a bare-knuckle street fight every single day.”
By Lynne Marek • Feb. 9, 2024 -
Explore the Trendlineâž”
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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 -
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PayPal cost-cutting likely to persist
The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.
By Lynne Marek • Feb. 8, 2024 -
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Card debt climbs to record $1.13 trillion
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
By Lynne Marek • Feb. 7, 2024 -
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Fiserv CEO details special bank charter pursuit
The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.
By Caitlin Mullen • Feb. 7, 2024 -
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Fiserv lands Uber, eBay as debit network clients
The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.
By Caitlin Mullen • Feb. 6, 2024 -
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Why ‘pay-by-bank’ faces adoption hurdles in US retail
Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.
By Suman Bhattacharyya • Feb. 5, 2024 -
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OpinionWhere will embedded payments flourish in 2024?
There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.
By Julio Gomez • Feb. 5, 2024 -
Lynne A Marek/Payments Dive
Aldi debuts Grabango checkout tech at Chicago-area store
The retailer is working with artificial intelligence startup Grabango to offer a faster payments option for the first time in the U.S. at a location just outside Chicago.
By Sam Silverstein , Lynne Marek • Feb. 2, 2024 -
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Payments companies’ job cuts may not be done
PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.
By James Pothen • Feb. 2, 2024 -
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BP adds new way to pay for fuel
Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations.
By Jessica Loder • Feb. 2, 2024 -
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Mastercard preps for China business
The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.
By Lynne Marek • Feb. 1, 2024 -
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Blackhawk Network to buy Tango Card
Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.
By Caitlin Mullen • Feb. 1, 2024 -
Brandon Bell/Getty Images via Getty Images
Colorado lawmakers seek to require gun code use
Democratic legislators in the state have introduced a bill that’s similar to the law California passed last year requiring use of a gun merchant category code.
By Caitlin Mullen • Jan. 31, 2024 -
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What’s ahead for payments in 2024
The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.
By Lynne Marek • Jan. 31, 2024 -
Justin Sullivan via Getty Images
PayPal to cut 9% of workforce to bolster efficiency
The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.
By Lynne Marek • Jan. 30, 2024 -
Catherine Douglas Moran/Payments Dive
ColumnPardon the Disruption: Self-checkout needs a better strategy, not just better tech
Contrary to recent reports, grocers aren’t pulling machines from their stores in droves. But they know there’s significant work to be done to improve the experience and reduce shrink.
By Jeff Wells • Jan. 30, 2024 -
Sara Samora/Payments Dive
Payments regulation and legislation abound in 2024
Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.
By Lynne Marek • Jan. 30, 2024 -
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NY may drive out BNPL firms: attorneys
If the state’s buy now, pay later legislation passes, new requirements piling on additional compliance burdens may lead some providers to pull their operations in New York, attorneys said.
By Caitlin Mullen • Jan. 30, 2024 -
Justin Sullivan / Staff via Getty Images
Visa debit payments growth slows
The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.
By Lynne Marek • Jan. 29, 2024 -
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Mastercard, TCH to enhance RTP network
The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said.
By Tatiana Walk-Morris • Jan. 29, 2024 -
Justin Sullivan via Getty Images
Customer demand ebbs for Amex
Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.
By Caitlin Mullen • Jan. 26, 2024 -
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Rivals may chase Fiserv special bank charter lead
If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.
By Caitlin Mullen • Jan. 25, 2024 -
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PayPal floats service enhancements
PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.
By Lynne Marek • Jan. 25, 2024 -
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Credit card delinquencies rise, especially for low-income earners
Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.
By Tatiana Walk-Morris • Jan. 24, 2024
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