Retail

Toast raises $870M in IPO

Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.

By Julie Littman • Sept. 23, 2021

Mastercard Executive Chairman to exit

Mastercard's long-time leader Ajay Banga will retire at the end of the year, leaving the card company in the hands of new CEO Michael Miebach.

By Lynne Marek • Sept. 22, 2021

Airwallex raises $200M, targets US expansion

The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.

By Lynne Marek • Sept. 21, 2021

Visa taps Shipt for delivery offer

Target-owned Shipt is one of three new partners that card behemoth Visa lined up in a bid to offer new customer benefits.

By Catherine Douglas Moran • Sept. 21, 2021

Payment industry racks up two more deals

The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.

By Lynne Marek • UPDATED: Sept. 20, 2021 at 9:49 a.m.

U.S. cash payment kiosks rise despite digital age

Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.

By Lynne Marek • Sept. 17, 2021

BNPL benefits from venture capital haul

Buy now-pay later companies raised a record $1.5 billion in funding last year — a 42% increase over 2019 — across 20 major investments, according to a CB Insights Report.

By Wendy Cole • Sept. 16, 2021

Goldman Sachs to acquire BNPL lender GreenSky for $2.24B

The deal will connect some 10,000 merchants, mainly in the home-improvement category, to Goldman's consumer-banking arm and allow them to use buy now-pay later financing options.

By Robin Bradley • Sept. 15, 2021

Capital One beta-tests BNPL option, marking turnabout

Previously, the bank had barred customers last December from using its credit cards to clear buy-now-pay-later debt.

By Dan Ennis • Sept. 14, 2021

Mastercard sees holiday spending climbing

The card company expects overall retail spending and e-commerce sales during the year-end holiday season to rise this year compared to 2020, and take larger leaps over 2019 spending.

By Lynne Marek • Sept. 13, 2021

Global Payments kicks off $28B growth agenda

The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.

By Lynne Marek • Sept. 09, 2021

Mastercard to buy CipherTrace crypto security company

Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.

By Lynne Marek • Sept. 09, 2021

PayPal agrees to buy Paidy for $2.7B

The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.

By Lynne Marek • Sept. 08, 2021

Mastercard to buy European open-banking company Aiia

The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.

By Lynne Marek • Sept. 07, 2021

Amazon takes Visa battle to Australia

The online retail behemoth extended a surcharge to include Visa credit card transactions in Australia, and added an incentive nudging consumers there to ditch the cards.

By Lynne Marek • Sept. 03, 2021

Consumer spending on cards jumped in July, research firm says

The rate of U.S. consumer spending on credit and debit cards surged 21% in July compared to a year ago as Americans welcomed the summer months and a decline in coronavirus cases.

By Wendy Cole • Sept. 02, 2021

Competition for SMB payments clients heats up acquisitions

Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.

By Lynne Marek • Aug. 31, 2021

Amazon taps Affirm for installment financing

As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.

By Lynne Marek • Aug. 30, 2021

InComm Payments, Doxo to offer cash bill payments in stores

The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.

By Tatiana Walk-Morris • Aug. 27, 2021

Klarna tallies 20M US customers

The buy now-pay later company has doubled its American customer base in just over a year.

By Tatiana Walk-Morris • Aug. 25, 2021

Fiserv strikes up a bevy of new partnerships

Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.

By Lynne Marek • Aug. 24, 2021

Deep Dive

Anti-fraud niche in payments thrives as e-commerce climbs

Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.

By Mercedes Cardona • Aug. 23, 2021

Consumer dissatisfaction with credit cards continues to rise

American Express still tops the latest J.D. Power national satisfaction rankings, but overall customer satisfaction with cards generally edged down.

By Wendy Cole • Aug. 19, 2021

Senators raise privacy concerns about Amazon One

Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.

By Tatiana Walk-Morris and Cara Salpini • Aug. 18, 2021

PayPal drops BNPL late fees worldwide

The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.

By Lynne Marek • Aug. 18, 2021