Retail: Page 6
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Lynne Marek/Payments Dive
OpinionSurcharging 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 -
Scott Olson via Getty Images
Amex, Flutterwave partner in Nigeria
The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.
By Patrick Cooley • Aug. 22, 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 -
Anna Moneymaker / Staff via Getty Images
EWA providers crusade against CFPB rule proposal
Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.
By Lynne Marek • Aug. 21, 2024 -
Creative via Getty Images
Stripe, Zip partner on BNPL processing
The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.
By Patrick Cooley • Aug. 21, 2024 -
Courtesy of Affirm
BNPL providers won’t face penalties during transition to new CFPB rule
CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.
By Patrick Cooley • Aug. 20, 2024 -
Courtesy of Adyen
Adyen collects more US customers
The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.
By Patrick Cooley • Aug. 19, 2024 -
Justin Sullivan via Getty Images
Visa-Mastercard settlement claims deadline postponed
Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.
By Lyle Moran • Aug. 19, 2024 -
Lynne Marek/Payments Dive
Mastercard to cut 1,000 employees in restructuring
The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.
By Lynne Marek • Aug. 19, 2024 -
Joe Raedle / Staff via Getty Images
Q&ACredit card users struggle with inflation
JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.
By Patrick Cooley • Aug. 16, 2024 -
Courtesy of Klarna
Klarna jumps into banking business
The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.
By Lynne Marek • Aug. 15, 2024 -
Courtesy of Grocery TV
North American Bancard rebrands in bid to improve
The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.
By Lynne Marek • Aug. 12, 2024 -
Joe Raedle via Getty Images
Shift4 strives to become ‘SpaceX of payments’
Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.
By Patrick Cooley • Aug. 9, 2024 -
Butsaya via Getty Images
US credit card balances climb to $1.14 trillion
Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.
By Tatiana Walk-Morris • Aug. 8, 2024 -
Courtesy of Whataburger
JPMorgan fires up biometric payments processing
The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.
By Lynne Marek • Aug. 7, 2024 -
Creative via Getty Images
Toast aims to move beyond restaurants
The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.
By Patrick Cooley • Aug. 7, 2024 -
Courtesy of FIS
FIS starts to get its payments mojo back
Fidelity National Information Services is starting to recharge its card payments business in the wake of selling Worldpay, the company’s CEO said.
By Lynne Marek • Aug. 6, 2024 -
Courtesy of Apple
Apple services revenue rises with boost from payments
The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.
By Patrick Cooley • Aug. 5, 2024 -
Courtesy of Mastercard
Mastercard refocuses on tech in int’l markets
The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.
By Lynne Marek • Aug. 1, 2024 -
Justin Sullivan / Staff via Getty Images
ColumnIs Visa readying for an expiration of cards?
Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.
By Lynne Marek • July 31, 2024 -
Courtesy of Amazon
Amazon’s checkout tech is getting an AI upgrade
Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.
By Jeff Wells • July 31, 2024 -
Permission granted by PayPal
PayPal CEO leans on big-name clients for growth
Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.
By Lynne Marek • July 30, 2024 -
Matt Winkelmeyer via Getty Images
Stripe buys software rival Lemon Squeezy
The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.
By Patrick Cooley • July 30, 2024 -
Justin Sullivan via Getty Images
Milberg roils Visa-Mastercard settlement claims process
The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.
By Lyle Moran • July 29, 2024 -
I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
Affirm says CFPB’s proposed BNPL rules will confuse customers
In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.
By Patrick Cooley • July 29, 2024 -
Joe Raedle / Staff via Getty Images
Capital One racks up Walmart, Discover costs
The card company set aside more than $800 million to brace for credit card losses tied to its break-up with retail behemoth Walmart.
By Caitlin Mullen • July 29, 2024
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