Retail


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    Permission granted by PayPal Spokesman Joseph Gallo

    Buy now-pay later demand hit U.S. high during holiday season

    Consumer use of the new installment financing tool in the U.S. climbed to an all-time high in December, although heady growth rates are slowing, an analyst report said. In any case, overall market penetration remains low.

    By Jan. 14, 2022
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    Pierre Crom via Getty Images

    Small businesses count on digital payments to drive growth

    Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.

    By Jan. 13, 2022
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    Permission granted by Accrue Savings

    Save-now, buy-later startup raises $25M

    Amid the buy now-pay later buzz, fintech Accrue Savings is going a different route. CEO Michael Hershfield said Accrue is on a mission to encourage consumers to save.

    By Jan. 13, 2022
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    Alex Wong via Getty Images

    Merchant group prods Fed on debit routing proposal

    The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.

    By Jan. 12, 2022
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    Justin Sullivan via Getty Images

    Is there an expiration date on Visa's main growth engine?

    One analyst thinks so. Mizuho Securities Analyst Dan Dolev, who has been covering Visa for about three years, downgraded his rating on the largest U.S. card network company because he expects time is running out on consumers converting from cash to cards.

    By Jan. 11, 2022
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    Courtesy of Sam's Club
    Opinion

    Card reward programs are the rising tide to lift all boats

    The chairman of the Electronic Payments Coalition argues "Americans— regardless of income—love their credit card rewards programs." And the programs benefit consumers and merchants alike, he contends.

    By Jeff Tassey • Jan. 11, 2022
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    Permission granted by Levy

    Payments firms see slam dunk opportunity with sports venues

    Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.

    By Jan. 10, 2022
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    Zhanna Hapanovich via Getty Images

    Payments deals pile up in 2021

    More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.

    By Jan. 5, 2022
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    Tero Vesalainen via Getty Images

    7 payments trends for 2022 as innovation climbs

    From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.

    By , , Jan. 4, 2022
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    choness via Getty Images

    Payments firms raised record sums in 2021

    It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.

    By Dec. 28, 2021
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    clikced it myself - Vaidik Trivedi

    Community banks group launches lower-cost P2P option

    Unlike other platforms, the new alternative to Zelle lets consumers send money over the platform of their choice.

    By Dec. 22, 2021
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    Courtesy of Tricia Harte

    BNPL growth prompts change from credit bureaus

    Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.

    By Dec. 20, 2021
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    Astrid Stawiarz via Getty Images

    Klarna extends BNPL to all online retailers

    After acquiring the Dutch marketing software company Piggy, the Swedish buy now-pay later company is folding automatic couponing and price drop notifications into its offering and expanding the reach of its services.

    By Tatiana Walk-Morris • Dec. 15, 2021
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    ViewApart via Getty Images

    Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.

    Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.

    By Maria Monteros • Dec. 15, 2021
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    Retrieved from Flickr/frankieleon.

    Card industry faces $400B in fraud losses over next decade, Nilson says

    Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.

    By Dec. 14, 2021
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    alamy.com/Westend61 GmbH

     

    Sponsored by Cybersource

    Three payments "resolutions" that no company can afford to skip

    Learn the three payments "resolutions" that every company must make to ensure their customers never face a moment of friction at the check-out screen.

    Dec. 13, 2021
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    Jeenah Moon via Getty Images

    Microsoft shoppers get another BNPL option

    Microsoft tapped Citizens Bank to offer its customers more options for spreading out their purchases as the buy now-pay later space becomes crowded.

    By Dec. 10, 2021
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021

    Discover mulls more BNPL services

    Discover Financial is brainstorming how to extend its buy now-pay later services beyond a partnership with Sezzle, CEO Roger Hochschild said at an investors' conference this week.

    By Dec. 9, 2021
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    Courtesy of Facebook Messenger

    Facebook Messenger tests split payments

    Meta's Facebook is testing a split payments feature in its messaging app for U.S. users, though it's not clear when there will be a broader release.

    By Tatiana Walk-Morris • Dec. 7, 2021
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    Courtesy of Afterpay

    Buy now-pay later orders rise 34% in holiday season, Afterpay says

    The company also said user spending online rose 30%, with more Gen Z shoppers using the service between Black Friday and Cyber Monday.

    By Tatiana Walk-Morris • Dec. 6, 2021
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    CardX CEO Jonathan Razi testifies before the Colorado House Business Affairs & Labor Committee earlier this year. Retrieved from CardX on July 8.

    Will Stax acquisition of CardX mean more surcharging?

    With the Stax acquisition of CardX last week, the combined company plans to scale its mission of bringing surcharging tools to more merchants.  

    By Dec. 6, 2021
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    Steve Jennings via Getty Images

    Diem co-creator Marcus to leave Facebook parent Meta

    David Marcus, who has spent the past three years working on the social media giant’s stalled cryptocurrency project, Diem, said he is leaving the company at the end of the year to pursue other projects.

    By Anna Hrushka • Dec. 2, 2021
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    Joe Raedle via Getty Images

    Square takes a new moniker: Block

    No sooner does Jack Dorsey arrive full-time at Square than the company decides it needs a new name. The corporate parent will become Block, but keep the Square brand for its digital payments business.

    By Dec. 1, 2021
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    Permission granted by PayPal Spokesman Joseph Gallo

    PayPal offers Wix merchants BNPL options

    PayPal began offering Wix merchants in the U.S. its buy now-pay later and credit services last month for the first time. Wix merchants in the United Kingdom and France will also have access to the services in "coming months," the companies said.

    By Dec. 1, 2021
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    vchal via Getty Images

    Enterprises prepare for ransomware threats during Thanksgiving

    Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations. 

    By David Jones • Nov. 24, 2021