Retail: Page 3

  • transfer pricing tax
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    Suriyapong Thongsawang via Getty Images
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    CFPB warns remittance firms about false ads

    The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.

    By Tatiana Walk-Morris • March 29, 2024
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Discover CEO to exit for Ally

    Michael G. Rhodes, who took the top post at Discover this year, is leaving to become the next CEO of the bank Ally.

    By Caitlin Mullen • March 27, 2024
  • Money next to hourglass Explore the Trendlineâž”
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    busracavus via Getty Images
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    Trendline

    Real-time payments are on the rise

    As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

    By Payments Dive staff
  • View of a Walmart storefront
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    Justin Sullivan via Getty Images
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    Walmart can end Capital One card tie early, judge says

    It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.

    By Caitlin Mullen • March 27, 2024
  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Payments Dive
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    NY Assembly bill counters governor on BNPL

    A New York assemblymember has introduced a buy now, pay later bill, countering one introduced in the governor’s budget bill.

    By • March 27, 2024
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    Justin Sullivan via Getty Images
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    Visa, Mastercard reach landmark credit card settlement

    The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.

    By • March 26, 2024
  • Visa cards stacked and splayed
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    Justin Sullivan via Getty Images
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    How Visa handled ‘BidenCash’ card fraud incident

    The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

    By Tatiana Walk-Morris and Lynne Marek • March 25, 2024
  • Closeup shot of a woman paying using NFC technology in a cafe
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    Cecilie Arcurs via Getty Images
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    Digital wallets to overtake debit cards in stores: report

    Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.

    By • March 22, 2024
  • Screenshots of Amazon mobile app showing how to add venmo as payment option.
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    Courtesy of Amazon
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    Column

    PayPal’s new CEO takes the Venmo challenge

    PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.

    By • March 21, 2024
  • EU-US agreement
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    Justin Sullivan via Getty Images
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    Meta’s payment plays may pay off this year: report

    A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

    By • March 20, 2024
  • Credit card logos displayed in a window.
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    Scott Olson via Getty Images
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    Fed banks analyze consumer use of card promos

    New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

    By Tatiana Walk-Morris • March 20, 2024
  • Two hands holding credit cards.
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    Joe Raedle via Getty Images
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    Ballooning credit card balances loom over retail sales

    The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.

    By Daphne Howland • March 19, 2024
  • Photo of actor-entrepreneur Ryan Reynolds
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    Courtesy of FuboTV
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    Nuvei forms committee to evaluate ‘strategic alternatives’

    The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.

    By • March 18, 2024
  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    Q&A

    FreedomPay doubles down on gateway focus

    The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal. 

    By Caitlin Mullen • March 18, 2024
  • Afterpay logo on a phone screen
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    Courtesy of Afterpay
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    Afterpay extends reach beyond apparel

    The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.

    By Tatiana Walk-Morris • March 18, 2024
  • Fiserv Milwaukee headquarters
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    Retrieved from Business Wire on March 14, 2024
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    Fiserv searches for ‘tuck-in type’ deals

    Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.

    By Caitlin Mullen • March 15, 2024
  • Bank Nigeria Africa
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    Benson Ibeabuchi via Getty Images
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    Opinion

    Fintech founder backs Google, Apple

    “It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.

    By Kingsley Ezeani • March 15, 2024
  • ACI Worldwide CEO Thomas Warsop
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    Permission granted by John Kraft
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    Q&A

    ACI CEO weighs in on FedNow, cross-border payments

    The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.

    By • March 14, 2024
  • A close up view of a stack of visa bank cards.
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    Justin Sullivan via Getty Images
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    Visa teams with SAP’s Taulia on embedded payments

    The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.

    By Tatiana Walk-Morris • March 14, 2024
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna’s IPO prospects grab spotlight

    The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.

    By Caitlin Mullen • March 13, 2024
  • Colleagues at business meeting in conference room.
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    FangXiaNuo via Getty Images
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    PayPal, Mastercard add C-suite hires

    Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.

    By • March 13, 2024
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe reports payments volume increase

    The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.

    By • March 13, 2024
  • Alex Chriss, PayPal's next CEO
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    Permission granted by PayPal
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    PayPal may axe straggler business units

    On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.

    By • March 12, 2024
  • New cars parked at a dealership.
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    Bilanol/iStock/Getty Images Plus via Getty Images
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    Affirm CFO swears off auto lending, for now

    The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.

    By Caitlin Mullen • March 12, 2024
  • A gray four-door crossover vehicle with a woman seated with her hand on the steering wheel is parked in front of a Hertz building.
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    Courtesy of Hertz/GM
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    Hertz taps Stripe for digital payments

    The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.

    By • March 12, 2024
  • Ryan McInerney with arms folded
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    Permission granted by Andy Gerit
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    Visa spends ‘billions’ battling cybersecurity threats

    “We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.

    By • March 11, 2024