Retail


  • A Capital One sign is seen
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    Joe Raedle / Staff via Getty Images
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    Walmart and Capital One break up

    The retail behemoth and its credit card issuer said in a terse, joint press release Friday that they’re parting ways.

    By May 24, 2024
  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    Opinion

    Let’s avoid legal patchwork for credit card surcharging

    “All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals.

    By Jonathan Razi and Keturah Taylor • May 23, 2024
  • Money next to hourglass Explore the Trendline
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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
  • CFPB Director Rohit Chopra participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury
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    Kevin Dietsch via Getty Images
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    CFPB to treat BNPL loans like credit cards

    “Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.

    By May 22, 2024
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    Courtesy of Mastercard
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    Mastercard CEO outlines int’l ambitions

    Mastercard has set its sights on expanding in China, Japan and elsewhere, Michael Miebach said in spelling out the company’s worldview. Last year, the company drew two-thirds of revenue from outside North America.

    By May 21, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Deep Dive

    Real-time lessons for FedNow from Brazil, India

    The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.

    By Christiana Sciaudone • May 21, 2024
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    Retrieved from Chestnut Market.
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    How retailers are seeking to improve self-checkout

    Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self-checkout, and how retailers can address them.

    By Brett Dworski • May 20, 2024
  • The exterior of the Consumer Financial Protection Bureau building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Opinion

    CFPB should reconsider prepaid rule

    The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

    By Brian Tate • May 17, 2024
  • exterior of the supreme court
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    Kevin Dietsch via Getty Images
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    Supreme Court upholds CFPB’s funding structure

    The 7-2 ruling puts an end to a case that threatened the bureau's existence and pushed at least two federal judges to pause CFPB rules, pending the high court's opinion.

    By Dan Ennis • May 16, 2024
  • Two people at an event, one of them is using a Square kiosk to pay for something.
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    Permission granted by Square
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    Payments firms seek candidates for product, partner roles

    Industry players are increasingly eager to hire executives for product development and partnership-oriented jobs, according to a report from recruiting firm SpencerStuart.

    By May 16, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Shift4 to buy rival POS firm Revel for $250M

    The payments processing company plans to incorporate Revel’s point-of-sale capabilities into its SkyTab POS system, Shift4 CEO Jared Isaacson said.

    By , May 15, 2024
  • The US Federal Reserve building in Washington DC
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    uschools via Getty Images
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    Fed bombarded by debit card fee commentary

    The Federal Reserve Board said it has received some 2,500 comment letters regarding its Regulation II proposal to cut the fees that merchants are charged when they accept debit cards.

    By May 14, 2024
  • 7-Eleven
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    Courtesy of 7-Eleven
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    7-Eleven testing financial services in stores

    The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.

    By Jessica Loder • May 14, 2024
  • Toast Inc. point of sale device
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    Courtesy of Toast Inc.
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    Toast CFO weighs in on Visa-Mastercard settlement

    The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.

    By May 13, 2024
  • CFPB Director Rohit Chopra sitting on a panel next to Secretary of Transportation Pete Buttigieg.
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    Permission granted by James Pothen
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    CFPB, DOT take aim at airline rewards

    The two agencies raised concerns that airlines and card companies could arbitrarily devalue points accrued in their joint rewards programs, amounting to a bait-and-switch for customers.

    By May 10, 2024
  • People in Beijing relaxing in a park.
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    Kevin Frayer via Getty Images
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    Mastercard joint venture starts operations in China

    The collaboration with a Chinese entity began Wednesday, with processing of cards issued by banks in the country following years of preparations.

    By May 10, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Jack Henry, Visa see escalating FedNow volume

    While the Federal Reserve won’t specify payments volume on the new instant system, executives from certified service providers Visa and Jack Henry said they’re seeing an increase.

    By May 9, 2024
  • cushion BNPL bill pay center
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    Permission granted by Cushion
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    BNPL users tend to have lower incomes: Bank of America

    The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among millennial and Gen X consumers.

    By May 6, 2024
  • Woman paying at boutique.
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    bymuratdeniz via Getty Images
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    Merchants urged to file claims for $5.5B payment card settlement

    Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.

    By Lyle Moran • May 6, 2024
  • Man paying with mobile phone
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    Photographer unknown via Getty Images
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    Opinion

    Pay-by-bank holds promise

    “The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.

    By Eric Shoykhet • May 3, 2024
  • A photo of a self checkout kiosk with automated age verification technology.
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    Permission granted by Diebold Nixdorf
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    Automatic age verification comes to self-checkout

    Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

    By Jessica Loder • May 3, 2024
  • Customer pays at business
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    Creative via Getty Images
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    Global Payments to wrap review soon

    The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.

    By May 2, 2024
  • Food delivery service during COVID-19 pandemic.
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    martin-dm via Getty Images
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    Amazon makes a subscription play

    The giant digital retailer has created a new payment flow connected to groceries.

    By Catherine Douglas Moran • May 1, 2024
  • Glass building with PayPal logo
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    Justin Sullivan / Staff via Getty Images
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    PayPal, Bread brace for late fee cap

    Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.

    By May 1, 2024
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe unbundles services as industry shifts

    The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

    By May 1, 2024
  • Button on a keyboard that says 'real-time'
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    William_Potter via Getty Images
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    Real-time consumer payments need standards to rise

    To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

    By April 30, 2024