Retail

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    Paysign aims to grow prepaid card services for drugs

    Paysign aims to boost its prepaid card services for consumers shouldering the high cost of pharmaceuticals by offering drugmakers transparent pricing for such services.

    By Joe Burns • Aug. 16, 2022
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    alvarez via Getty Images

    Circular Board, Mastercard unveil small business card

    As a slew of fintechs try to capture small business customers, Circular Board’s Hello Alice brand is targeting entrepreneurs from marginalized backgrounds.

    By Tatiana Walk-Morris • Aug. 16, 2022
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    Trendline

    Buy now-pay later payments proliferate

    More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool.

    By Payments Dive staff
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    Courtesy of Sarmishta Ramesh

    Whole Foods expands use of Amazon One paytech

    After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

    By Peyton Bigora • Aug. 15, 2022
  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
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    Prostock-Studio via Getty Images

    Auto dealers tap U.S. Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
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    Permission granted by Lynne Marek

    Toast gets growth spurt in restaurant payments

    The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

    By • Aug. 11, 2022
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    Drew Angerer via Getty Images

    Green Dot battles Uber, loses contracts

    Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.

    By • Aug. 11, 2022
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    B4LLS via Getty Images

    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
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    Joe Raedle via Getty Images

    Consumer spending rises despite inflation: Mastercard

    While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

    By Tatiana Walk-Morris • Aug. 8, 2022
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    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

    By • Aug. 8, 2022
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    Courtesy of Megan Cheung

    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

    By • Aug. 5, 2022
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    Drew Angerer via Getty Images

    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

    By • Aug. 5, 2022
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    AzmanL via Getty Images

    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

    By • Aug. 5, 2022
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    anyaberkut via Getty Images

    FIS extends tie with Chargebacks911 to fight fraud

    The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.

    By • Aug. 5, 2022
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    The image by Achim Hepp is licensed under CC BY-SA 2.0

    Gucci expands crypto payment options to ApeCoin, Euro Coin

    More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

    By Tatiana Walk-Morris • Aug. 4, 2022
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    Courtesy of Amazon

    FIS reduces 2022 outlook

    The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

    By • Aug. 4, 2022
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    Fizkes via Getty Images

    B2B drives Q2 payments growth: Nacha

    Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

    By Tatiana Walk-Morris • Aug. 3, 2022
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    urbazon via Getty Images

    Mobile wallets gain traction in bill payments: survey

    Consumers are increasingly interested in faster bill payment processing, a survey from payments firm ACI Worldwide revealed.

    By Tatiana Walk-Morris • Aug. 1, 2022
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    Justin Sullivan via Getty Images

    Legislation aimed at Visa, Mastercard lands

    A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.

    By • July 29, 2022
  • A person holding a shopping cart stands in front of a row of refrigerators stocked with food at a grocery store.
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    Michael M. Santiago via Getty Images

    Card CEOs react to macroeconomic threats

    Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.

    By , • July 29, 2022
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    CEOs Sound Off: Payments execs navigate economic turmoil

    CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.

    By • July 29, 2022
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    Courtesy of Mastercard

    Mastercard earnings get cross-border lift

    “We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.

    By • July 28, 2022
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    Chip Somodevilla via Getty Images

    Durbin to lob bill at Visa, Mastercard

    Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition.

    By • July 28, 2022
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images

    Visa's 3Q results defy recession talk

    Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.

    By • July 27, 2022
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    Mark Wilson via Getty Images

    Balance raises $56M for B2B payments

    The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

    By Tatiana Walk-Morris • July 26, 2022
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    Courtesy of Amazon

    Amazon opens a new wallet for sellers

    The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

    By • July 26, 2022