Retail: Page 5
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Apple launches Affirm BNPL option
Apple Pay customers can now use their iOS 18 phone or iPadOS 18 to access Affirm buy now, pay later options, including some that don’t charge interest.
By Lynne Marek • Sept. 17, 2024 -
Block shuffles leadership, creates chief risk officer role
Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.
By Patrick Cooley • Sept. 17, 2024 -
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 -
Visa, Mastercard enable rail transit payment in Beijing
The major card networks enabled systems that allow international travelers in China to use their cards to pay for Beijing rail transit as of last week.
By Lynne Marek • Sept. 16, 2024 -
FTC cracks down on subscription traps
The Biden-Harris administration is taking to task companies that trap consumers in recurring subscriptions and make it nearly impossible to cancel.
By Kristen Doerer • Sept. 16, 2024 -
CFPB sues credit card company over excessive fees
The agency says Horizon Card Services violated the Truth in Lending Act by charging fees as high as 60% of a customer’s credit limit, and all but refusing to cancel their cards.
By Patrick Cooley • Sept. 16, 2024 -
U.S. Bank rolls out access to Paze digital wallet
The bank began offering the payments option from Early Warning Services to its credit and debit cards customers this week.
By Patrick Cooley • Sept. 13, 2024 -
Ansa debuts in-store digital wallet capabilities
Ansa last week launched a software development kit, which can be patched onto the code of a brand’s mobile app. “The pain’s on our side to make sure all their systems talk,” co-founder Sophia Goldberg said.
By Gabrielle Saulsbery • Sept. 13, 2024 -
Global Payments CEO reshapes the business
The payments technology company is getting a remake with job cuts, an acquisition and potential divestitures a year after Cameron Bready ascended to the CEO post.
By Lynne Marek • Sept. 11, 2024 -
FIS draws fintech startups into accelerator
Fidelity National Information Services this week continued an annual program backing young fintechs that are striving to disrupt the financial services landscape.
By Lynne Marek • Sept. 11, 2024 -
PayPal seeks to attract users offline
The digital payments pioneer is leaning on cashback rewards to attract more consumer use in stores, and will also tap near-field technology to expand.
By Lynne Marek • Sept. 10, 2024 -
Amex taps troves of customer data
American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.
By Patrick Cooley • Sept. 10, 2024 -
Amazon provides checkout tech at universities, stadiums
The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.
By Jessica Loder • Sept. 9, 2024 -
Visa to upgrade pay-by-bank service in UK next year
The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.
By Patrick Cooley , Lynne Marek • Sept. 6, 2024 -
Ex-Discover exec alleges age, gender bias in lawsuit
Diane Offereins is suing the card network over roughly $7 million in clawed-back equity, claiming she was a “convenient scapegoat” for Discover’s card misclassification issue.
By Caitlin Mullen • Sept. 5, 2024 -
Grabango CEO pushes for more partnerships
The Berkleley, California-based company is looking to expand by building ties with established retailers, CEO Will Glaser said.
By Patrick Cooley • Sept. 5, 2024 -
Academics question digital wallet security
Due to lax authentication practices, a thief or hacker can easily add a stolen credit card to their own digital wallet, the study concluded.
By Patrick Cooley • Sept. 4, 2024 -
Paysafe taps FIS alum for CFO amid growth pivot
The iGaming payments platform is looking to expand on its “robust” performance in the first half of the year with the appointment of new financial leadership.
By Grace Noto • Sept. 4, 2024 -
Maryland gets tough on BNPL
Two buy now, pay later companies pivoted in offering their services in the state because it insists they must be licensed to provide loans.
By Patrick Cooley • Sept. 3, 2024 -
PayPal offers guest checkout service to Fiserv clients
The two firms are working together again as other payment giants collaborate on checkout enhancements.
By Tatiana Walk-Morris • Sept. 3, 2024 -
PayPal joins group investing $15M in Brazilian startup
The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in Brazil.
By Tatiana Walk-Morris • Aug. 30, 2024 -
Affirm shuffles leadership, promoting CFO to COO
The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.
By Patrick Cooley • Aug. 29, 2024 -
Shoppers’ online fraud fears escalate
Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.
By Patrick Cooley • Aug. 28, 2024 -
CFPB chides retailers on fees for cash back
The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.
By Lynne Marek • Aug. 27, 2024 -
Shift4 acquires Canadian gift card company for $148M
Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.
By Lynne Marek • Aug. 27, 2024 -
Opinion
Surcharging doesn’t have to be a bad word
“The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.
By Nick Izquierdo • Aug. 23, 2024