Trader Joe’s says its stores won’t use self-checkout

The grocer’s new CEO and president recently slammed the popular checkout method as being bad for employees and too much work for shoppers.

By Peyton Bigora , Jeff Wells • Aug. 21, 2023

BNPL risks raise questions for Consumer Reports

BNPL’s ubiquity and growing use for everyday purchases should grab regulators’ attention, said Consumer Reports’s senior policy counsel.

By Caitlin Mullen • Aug. 21, 2023

Explore the Trendline➔

Payments 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

Consumer spending rose 4% in July: Fiserv

The retail sector drove overall card spending growth, but average ticket sizes have dipped due to declining inflation, Fiserv said in its latest consumer spending report.

By Tatiana Walk-Morris • Aug. 16, 2023

Splitit draws $50M investment, plans ASX delisting

The installment payments company is going private after signing an agreement with Motive Partners for a $50 million investment.

By Caitlin Mullen • Aug. 16, 2023

Amazon expands BNPL offering

E-commerce giant Amazon is leveraging its Visa credit cards to offer buy now, pay later financing at retailers using the Amazon Pay checkout button.

By James Pothen • Aug. 16, 2023

Maverik accepting Comdata fleet cards

The western convenience store retailer’s pact with Fleetcor is aimed at encouraging professional drivers to use its pumps.

By Jessica Loder • Aug. 16, 2023

Can PayPal’s incoming CEO jump-start profitable growth?

The new leader may benefit the digital payments pioneer by focusing on small and mid-sized clients.

By Lynne Marek • Aug. 15, 2023

Ampm opens autonomous convenience store in San Francisco stadium

The store uses AiFi and Verizon Business technology to power a frictionless shopping experience where customers swipe a credit card at the entrance, grab their items and leave.

By Jessica Loder • Aug. 14, 2023

Splitit targets areas BNPL rivals have ‘underserved’: CEO

The installment payments company aims to more than double its B2B merchant sales volume by mid-next year, CEO Nandan Sheth said.

By Caitlin Mullen • Aug. 14, 2023

Why the ‘click-to-cancel’ amendment makes sense

“This proposal reflects the growing consumer demand for an easier subscription cancellation process,” writes a payments industry CEO. “However, this isn’t only in the interests of consumers.”

By Monica Eaton • Aug. 11, 2023

Credit card debt tops $1 trillion

Second-quarter credit card balances saw “the most pronounced worsening in performance” compared to other categories such as housing and student loan debt, the New York Fed said.

By Tatiana Walk-Morris • Aug. 9, 2023

Marqeta lands Block contract extension

Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.

By Caitlin Mullen • Aug. 9, 2023

PayPal launches stablecoin

PayPal is planting a flag in the stablecoin space despite the slow uptake of digital assets in consumer payments and the lingering crypto chill.

By Caitlin Mullen • Aug. 8, 2023

Amazon’s checkout tech powers Pittsburgh campus convenience store

Although its Just Walk Out technology has yet to take off at retail locations, the company is having some success connecting with universities.

By Jeff Wells • Aug. 7, 2023

Google adds Nelo to its digital wallet

The partnership allows Mexican payments platform Nelo to expand out of purely digital payments to in-person transactions via Google Wallet.

By James Pothen • Aug. 7, 2023

Block shutters some European operations

The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.

By Caitlin Mullen • Aug. 4, 2023

Former Google Cloud CFO heads to Stripe

The transition to a new CFO comes at a time when the digital payments company might be gearing up to go public.

By Alexei Alexis • Aug. 3, 2023

Shift4 shrinks workforce

The payments company cut 150 employees in the second quarter, executives said Thursday during an earnings conference call.

By Caitlin Mullen • Aug. 3, 2023

Apple spotlights global ambitions with ‘Pay the Apple Way’ ad campaign

The marketing push follows the addition of consumer-focused features by the tech giant this year, including a buy now, pay later payments tool.

By Jessica Deyo • Aug. 3, 2023

PayPal closes in on new CEO

Digital payments titan PayPal is nearing a decision on who will be its next CEO, with the company circling a short list of candidates.

By Lynne Marek • Aug. 3, 2023

Stax names new CEO

New CEO Paulette Rowe was previously at cross-border digital payments company Paysafe. Stax’s sister-brother co-founders exited quietly earlier this year.

By Caitlin Mullen • Aug. 3, 2023

GameStop ditches its crypto wallets due to ‘regulatory uncertainty’

The retailer, which is pulling support on Nov. 1, had sought to tap into gaming culture to make crypto a larger part of the company’s future. 

By Nate Delesline III • Aug. 2, 2023

Senate ‘making good progress’ on pot banking bill, Schumer says

There may be bipartisan agreement on SAFE Banking’s goal to help the cannabis industry enter the banking fold, but lawmakers are reportedly haggling over some of the bill’s details.

By Anna Hrushka • Aug. 2, 2023

Global Payments adds hybrid payment service for ISVs

The payments processor launched a service during the second quarter aimed at affording ISVs the benefits of being a payment facilitator without the drawbacks associated with such a designation.

By Caitlin Mullen • Aug. 2, 2023

Convenience chain Refuel expands self-checkout deployment

After testing Mashgin’s technology late last year, the retailer will roll out the platform to 10 locations across its footprint.

By Brett Dworski • Aug. 2, 2023