Retail


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    Opinion

    Payments will evolve with digital banking

    “Rather than basic capabilities, consumers want a complete digital banking experience,” a payments firm professional writes. “They want access to all of the buzzworthy features.”

    By John Mitchell • Dec. 9, 2022
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    Galileo launches BNPL for financial firms

    The fintech is managing the loans on behalf of financial institutions looking to offer installment payment plans to qualified borrowers.

    By Tatiana Walk-Morris • Dec. 9, 2022
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    Trendline

    Cross-border payments targeted for upgrades

    When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

    By Payments Dive staff
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    PayPal CEO gives gloomy forecast

    PayPal CEO Dan Schulman said he doesn’t expect the global economy or retail activity to improve in 2023, especially with the war in Ukraine dogging Europe.

    By Dec. 8, 2022
  • Plaid cuts 260 employees

    The fintech’s 20% downsizing follows moves by neobank Chime to slash 12% of its workforce and Morgan Stanley's plan to cut its headcount by 1,600.

    By Dan Ennis • Dec. 7, 2022
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    FIS cost-cutting plans may expand

    Payments technology company FIS aims to cut at least $500 million in costs as its beats back rising employee expense and a difficult economic environment.

    By Dec. 7, 2022
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    Google Maps

    Fiserv stands by profit margin expansion target

    The tapering of First Data merger and integration costs may allow the payment technology company to expand its profit margin in the fourth quarter.

    By Dec. 7, 2022
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    Visa CEO’s pay dipped to $28M this year

    The value of Al Kelly’s compensation package slipped in his swan song year, ahead of handing off the CEO post next year to Ryan McInerney.

    By Dec. 7, 2022
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    Permission granted by Jenifer Howard

    Cantaloupe pays $41M to acquire Three Square Market

    With the purchase, the vending and software payments company expands its reach internationally, as well as into another segment of the market.

    By Dec. 5, 2022
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    Shift4 buys European payments provider for $126M

    The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

    By Dec. 5, 2022
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    Affirm mulls consumer, merchant fee increases

    The buy now-pay later provider is contemplating increases in the interest rates charged to consumers for some of its loans as it aims for profitability.

    By Dec. 2, 2022
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    Struggling consumers turned to financing for holiday shopping: report

    Buy now-pay later providers saw increased use during Black Friday, but credit and debit were the top payment methods for online orders.

    By Tatiana Walk-Morris • Dec. 1, 2022
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    Courtesy of NFL

    NFL expands Fortnite presence with Visa

    The NFL Zone will be a persistent presence featuring mini-games, virtual tailgating experiences and content from creators. 

    By Aaron Baar • Dec. 1, 2022
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    Credit card delinquencies, charge-offs climb

    Despite the increases, consumers are still faring better in paying off balances than they were prior to the COVID-19 pandemic, according to S&P Global Market Intelligence.

    By Dec. 1, 2022
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    Harvard researchers flag BNPL risks

    The working paper shines a spotlight on BNPL risks just as the payment method lures more consumers amid high inflation.

    By Dec. 1, 2022
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    Amex debuts B2B payments system

    The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

    By Tatiana Walk-Morris • Dec. 1, 2022
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    Amazon adds store with Just Walk Out tech

    The 5,000-square-foot location in Southern California marks the latest addition in a region where the e-commerce giant operates numerous brick-and-mortar retail stores.

    By Brett Dworski • Dec. 1, 2022
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    FIS, Fiserv could benefit from credit legislation

    Legislation aimed at creating competition for card giants Visa and Mastercard could be a boon for payments companies FIS and Fiserv.

    By Nov. 30, 2022
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    ACI charts 15% rise in holiday e-commerce

    The payments software company said buy now-pay later made a big showing as e-commerce shot up for holiday shopping between Friday and Monday.

    By Nov. 30, 2022
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    Visa growth tapers in October, November

    The card network’s payments volume grew in October and November, relative to last year, but at a slower pace than earlier in the year.

    By Nov. 29, 2022
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    Afterpay BNPL transactions climb

    Afterpay transactions more than doubled last week relative to the first week of October, Block reported, as more consumers leaned on buy now-pay later financing.

    By Nov. 29, 2022
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    NJ official: No reason to doubt Fiserv job growth plan

    Fiserv “has given us no indication that (the company has) any change of plans in New Jersey,” said Tim Sullivan, CEO of the state’s Economic Development Authority.

    By Nov. 28, 2022
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    PayPal counts on its digital app for gains

    The digital payments pioneer is scouting for new ways to increase customer use of its digital wallet, including plans to add a new Venmo teen account.

    By Nov. 28, 2022
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    Winners, losers on Black Friday

    With inflation looming, consumers yearned for deals and sought financing options, such as buy now-pay later installment payments.

    By Dani James • Nov. 28, 2022
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    JPMorgan’s crypto wallet trademark is approved

    The green light comes more than two years after the bank submitted paperwork to the U.S. Patent and Trademark Office, and is at odds with some statements by its CEO.

    By Dan Ennis • Nov. 22, 2022
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    FIS may cut thousands of workers, Bloomberg reports

    The news report on workforce reductions at the payments processor follows its announcement earlier this month that it would embark on a $500 million cost-cutting program.

    By Nov. 22, 2022