Retail: Page 7
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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 -
Justin Sullivan via Getty Images
PayPal changes chairman, reduces board size
PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.
By Lynne Marek • July 26, 2024 -
Explore the Trendline➔
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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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Q&AClair CEO backs CFPB rule proposal on EWA
Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.
By Lynne Marek • July 25, 2024 -
Justin Sullivan via Getty Images
Visa CEO ‘strongly’ disagrees with class settlement ruling
The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.
By Lynne Marek • July 24, 2024 -
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Fiserv to leverage artificial intelligence to help merchants
The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.
By Patrick Cooley • July 24, 2024 -
Courtesy of Mastercard
FTC demands pricing input from Mastercard, others
The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
By Lynne Marek • July 23, 2024 -
Scott Olson via Getty Images
Amex benefits from young cardholders’ spending
Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.
By Patrick Cooley • July 23, 2024 -
Courtesy of Green Dot
Fed fines Green Dot $44M over prepaid cards
The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.
By Gabrielle Saulsbery • July 23, 2024 -
Matt Kapko/Payments Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
gorodenkoff via Getty Images
Sponsored by Concora CreditHow retailers can drive more sales by meeting the financing needs of more customers
Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.
July 22, 2024 -
Chris Hondros / Staff via Getty Images
JPMorgan Chase invests in B2B payments startup Slope
The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.
By Lynne Marek • July 19, 2024 -
Justin Sullivan via Getty Images
Visa, OpenTable partner on dining perks program
The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.
By Tatiana Walk-Morris • July 19, 2024 -
Win McNamee via Getty Images
Opponents of Capital One-Discover merger to air grievances
Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.
By Patrick Cooley • July 18, 2024 -
Matt Winkelmeyer via Getty Images
Stripe leads the way to Q2 fundraising recovery
Payment startups, particularly Stripe, benefitted from a revival of venture capital flows during the second quarter.
By Lynne Marek • July 17, 2024 -
Permission granted by Lynne Marek
Prepaid card spending accelerates
The rise of digital wallets hasn't dampened prepaid card use, including the payroll cards some employers use to pay their workers.
By Patrick Cooley • July 16, 2024 -
gradyreese via Getty Images
Bolt advances strategy under new CEO
Justin Grooms, who was promoted to the checkout software firm’s CEO post this year, is taking its strategy to the next level with merchant clients.
By Lynne Marek • July 15, 2024 -
Courtesy of Mastercard
Mastercard updates travelers on latest card precautions
With summer vacation season in full swing, the card network suggested ways that its card clients can better protect themselves against the latest fraud threats.
By Tatiana Walk-Morris • July 15, 2024 -
Julia Gomina via Getty Images
Self checkout boasts ‘record’ year: report
The U.S. is the world’s largest self-checkout market, driven in part by supermarket chains and convenience stores, even as some retailers pull back on the tech.
By Tatiana Walk-Morris • July 12, 2024 -
champpixs via Getty Images
Q&AVersapay plunges ahead with new C-suite team
The business-to-business accounts receivable player is weighing its strategic options as CEO Carey O’Connor Kolaja lines up her new management team.
By Lynne Marek • July 11, 2024 -
Permission granted by Target
Target to stop accepting personal checks
The retailer’s customers will still have six payment options after the change takes effect in about a week.
By Nate Delesline III • July 10, 2024 -
Courtesy of Klarna
Klarna, Adobe partner on buy now, pay later services
The tie-up will extend Klarna’s installment payment services to more customers buying from sellers on Adobe Commerce.
By Tatiana Walk-Morris • July 9, 2024 -
Joe Raedle / Staff via Getty Images
Visa-Mastercard settlement generates thousands of claim conflicts
Lawyers hope a court-approved extension of the claims filing deadline will provide time for resolution of conflicts and allow other business owners to file new claims in the interchange fee case.
By Lyle Moran • July 9, 2024 -
Win McNamee / Staff via Getty Images
Congress members egg on US payments system expansion
A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.
By Lynne Marek • July 8, 2024 -
Scott Olson via Getty Images
Discover to settle card class actions for $1.2B
The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.
By Caitlin Mullen • July 8, 2024 -
Brett Dworski/Payments Dive
NCR Voyix terminates staff across several units
The tech company, whose tools are used by numerous stores, cut employees in its sales, engineering, professional services, data and product management teams last week.
By Brett Dworski • July 3, 2024
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