Retail: Page 33


  • Hand holding a phone with the Instacart App open.
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    Photo Illustration: Instacart; Getty Images

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    Opinion

    Eliminating costly false declines online

    “False declines are especially problematic in an environment where demanding customers with high expectations are not afraid to take their business elsewhere,” writes an Experian executive.

    By Chris Ryan • Feb. 6, 2023
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    time99lek via Getty Images
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    Lightspeed bets on bigger customers

    In pursuing profitable growth, point-of-sale software and payments provider Lightspeed Commerce is zeroing in on larger merchants as clients.

    By Caitlin Mullen • Feb. 6, 2023
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    innni via Getty Images
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    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
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe CFO exiting to handle ‘family matters’

    Dhivya Suryadevara will leave the digital payments startup in April, as Stripe executives weigh taking the company public.

    By Elizabeth Flood • Feb. 6, 2023
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    PeopleImages via Getty Images
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    Merchants frustrated with fees, tech issues

    Inflation-weary business owners are less satisfied with their merchant service providers this year, a J.D. Power survey showed.

    By Caitlin Mullen • Feb. 3, 2023
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    fizkes via Getty Images
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    Payments firms make C-suite changes

    In addition to new CEO appointments at Visa and Marqeta, payments companies Paysend, AvidXchange, TreviPay and LeafLink recently installed new executives.

    By Tatiana Walk-Morris • Feb. 3, 2023
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    Permission granted by Standard AI
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    Standard AI to acquire Skip Checkout

    The deal would create the first company to combine self-checkout and AI-powered autonomous checkout for retailers, according to the announcement.

    By Brett Dworski • Feb. 2, 2023
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    Permission granted by David Whitehead - Checkout.com
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    Checkout.com changes up leadership

    The company promoted Céline Dufétel to president and elevated Nirupam Sinha to CFO as it pursues U.S. expansion and battles Stripe.

    By Elizabeth Flood • Feb. 2, 2023
  • Stephanie Ferris head shot
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    Courtesy of FIS
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    FIS sheds 2,600 employees: report

    Amid a strategic review of operations, the payments processor and fintech giant has dismissed 2,600 workers, Bloomberg reported.

    By Caitlin Mullen • Feb. 2, 2023
  • Affirm and Amazon
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    Courtesy of Affirm
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    Is Affirm out as Amazon’s sole BNPL provider?

    An exclusivity provision between the two companies has lapsed as the buy now, pay later arena becomes more competitive.

    By Caitlin Mullen • Feb. 2, 2023
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    Permission granted by Lynne Marek
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    Euronet’s Dandelion takes on cross-border rivals

    The international network that grew out of Ria parent Euronet is extending its cross-border money movement pitch to banks and businesses.

    By Feb. 2, 2023
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Zip pauses acquisitions

    The Australia-based buy now, pay later provider’s acquisitive days “are behind us, for now,” said CEO Larry Diamond.

    By Caitlin Mullen • Feb. 1, 2023
  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images
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    CFPB attacks credit card late fees

    The Consumer Financial Protection Bureau proposed a new rule that would effectively cap credit card late fees and potentially save Americans $9 billion.

    By Feb. 1, 2023
  • PayPal CEO Dan Schulman walking in front of trees
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    Drew Angerer via Getty Images
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    PayPal to cut 7% of its workforce

    The digital payments pioneer said it’s cutting 2,000 employees as the company seeks to adapt to a new, more competitive environment.

    By Jan. 31, 2023
  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows
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    Marqeta’s new CEO targets embedded finance

    Simon Khalaf, who takes the top job Tuesday, is counting on new embedded offerings to help expand the company’s services for corporate clients.

    By Jan. 31, 2023
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    Drew Angerer via Getty Images
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    Visa gets snarled in probes

    The card giant disclosed Friday that the Justice Department demanded more documents in an ongoing antitrust investigation, and the European Commission has opened a separate “preliminary investigation.”

    By Jan. 30, 2023
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    Permission granted by Andy Gerit
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    Visa’s incoming CEO taps new team

    Ryan McInerney, who takes over as CEO of the card network giant this week, recently appointed a pack of new leaders.

    By Jan. 30, 2023
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    alexialex via Getty Images
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    Visa, Mastercard, Amex results buoyed by consumer spending

    The card companies said that consumer demand, including for travel, remained healthy in the fourth quarter of 2022, though growth moderated.

    By Jan. 27, 2023
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    Courtesy of FIS
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    FIS sees another director resign

    A second director resigned this month from the mega payment processor’s board as it undertakes a comprehensive review of its operations.

    By Jan. 26, 2023
  • Cryptocurrencies laying on a flat surface next to a smartphone that shows a chart with zig-zagging lines.
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    Jack Taylor via Getty Images
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    Visa stands by crypto

    At the card giant’s annual meeting Tuesday, CEO Al Kelly showed no signs of backing off crypto. He also suggested Visa’s management team may change after he exits as CEO.

    By Jan. 26, 2023
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    Michael M. Santiago/Getty Images via Getty Images
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    DailyPay lands $260M in debt financing

    The early wage access provider has been raising capital to fund expansion in the U.S. and internationally.

    By Jan. 26, 2023
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    Permission granted by Grupo Coppel
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    Retailer targets Mexican Americans for digital wallet

    The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

    By Gabrielle Saulsbery • Jan. 25, 2023
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    Poike via Getty Images
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    Bluefin, Visa pursue network tokenization

    Bluefin is entering a partnership with card network giant Visa as worldwide payment fraud is predicted to rise in the coming years.

    By Tatiana Walk-Morris • Jan. 24, 2023
  • A customer using Amazon One to pay
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    Courtesy of Amazon
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    Stripe, Amazon ‘deepening’ their tie

    Stripe has become “a strategic payments partner” in the U.S., Europe, and Canada for mega retailer Amazon under a renewed agreement.

    By Jan. 24, 2023
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    Justin Sullivan / Staff via Getty Images
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    Big banks to launch digital wallet operated by Zelle parent: report

    The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.

    By Anna Hrushka • Jan. 24, 2023
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    metamorworks via Getty Images
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    International coalition pursues cross-border payments improvements

    In a new report, a group of international organizations give a broad overview of routes for improving international payments systems.

    By Jan. 23, 2023