Retail
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The image by Ted Eytan is licensed under CC BY-SA 2.0
Ex-FDIC official McKernan tapped to lead CFPB
The development came on a day when the bureau terminated roughly 70 probationary employees, including enforcement division attorneys, according to Bloomberg Law.
By Dan Ennis • Feb. 12, 2025 -
Opinion
Payment tools proliferate, consolidation looms
“The winners in this consolidation won't necessarily be the biggest players,” writes a checkout technology company CEO. “They'll be the ones who understand that consumers don't want more payment options — they want better ones.”
By Justin Grooms • Feb. 12, 2025 -
Explore the Trendline➔
toeytoey2530 via Getty ImagesTrendlineE-commerce drives digital payment advances
As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.
By Payments Dive staff -
PayPal dinged over branded service’s slow growth
Consumer uptake of the payments pioneer’s flagship payments tool was lackluster last year. The company promised skeptical analysts more growth this year.
By Lynne Marek • Feb. 10, 2025 -
Affirm to emphasize no-interest loans
The company said that offering more interest-free financing options would drive profits by bringing in more customers.
By Patrick Cooley • Feb. 10, 2025 -
Cashless concerts and events catch on
By some estimates, about 50% of today’s concerts are cashless, with benefits for merchants and payments processors alike.
By Shefali Kapadia • Feb. 7, 2025 -
NCR Voyix shifts chairman to CEO post
The C-suite change this week follows the Atlanta-based digital commerce software company’s decision to sell off parts of its business.
By Tatiana Walk-Morris • Feb. 6, 2025 -
Cash App, Venmo app downloads decline
Consumer downloads of apps like Cash App and Venmo dropped in the fourth quarter compared to the year-ago period, data from Wolfe Research shows.
By Patrick Cooley • Feb. 5, 2025 -
Gamers support CFPB video game payments rule
Video game players and their parents submitted comments to the Consumer Financial Protection Bureau saying they overspent, or lost their accounts to hackers.
By Patrick Cooley • Feb. 4, 2025 -
Visa leans into A2A payments
The network titan is pursuing account-to-account payment services as a way to expand beyond its card-based dominance in the market.
By Lynne Marek • Feb. 3, 2025 -
Third of U.S. small businesses add credit card surcharges
The findings of a J.D. Power survey indicate that merchants are passing the cost of swipe fees onto customers, even though they’re lowering consumer satisfaction with the transaction.
By Patrick Cooley • Feb. 3, 2025 -
PayPal, Amex and Wells Fargo shake up leadership
PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.
By Patrick Cooley • Jan. 31, 2025 -
Q&A
Worldpay tackles fraud-fighting in new ways
The payments processor is aligning with merchants, card issuers and networks to share transaction data and use AI to fight fraud.
By Lynne Marek • Jan. 30, 2025 -
TransferMate joins Amazon’s payments pack
As part of the e-commerce giant’s ecosystem, the Irish business-to-business payments provider can advance its bid to expand internationally.
By Tatiana Walk-Morris • Jan. 30, 2025 -
Apple, Google coalition seeks to skirt payments rule
Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.
By Patrick Cooley • Jan. 29, 2025 -
Gen Z still prefers in-person shopping
The generation prioritizes buying beauty and luxury goods in person, placing a premium on the physical shopping experience, research from Adyen shows.
By Xanayra Marin-Lopez • Jan. 29, 2025 -
Deep Dive
Fintechs may gain at banks’ expense in Trump era
The Trump administration may usher in policies that buttress the aspirations of new entrant payments players and increase competition for banks.
By Lynne Marek • Jan. 28, 2025 -
X teams with Visa on new digital payments tool
Billionaire Elon Musk’s social media site has forged an alliance with the card network giant to launch a new digital payments tool later this year.
By Lynne Marek • Jan. 28, 2025 -
Courtesy of https://www.prnewswire.com/news-releases/american-fintech-council-afc-selects-phil-goldfeder-as-ceo-301752973.htmlQ&A
Trade group leader discusses BNPL security and appeal
American Fintech Council CEO Phil Goldfeder discussed the reasons consumers have started using buy now, pay later services in greater numbers, and why they return to the emerging payment method.
By Patrick Cooley • Jan. 27, 2025 -
Amex posts 2024 records for payments volume, fees
The credit card company’s revenue and net income surged last year as spending by cardholders and card customer additions reached new highs.
By Patrick Cooley • Jan. 24, 2025 -
Discover Q4 payments volume drops
The card company still reported a rise in revenue and a surge in net income, driven partially by an increase in interchange and other fees paid by merchants.
By Patrick Cooley • Jan. 24, 2025 -
Visa supersizes Pismo expansion
The Brazilian core services provider acquired last year is rounding up new clients in Europe and elsewhere as it benefits from the card network's bigger marketing and sales team.
By Lynne Marek • Jan. 23, 2025 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv names Bisignano’s successor
The payments processor tapped Michael P. Lyons, currently president of PNC Financial Services Group, to succeed CEO Frank Bisignano.
By Patrick Cooley • Jan. 23, 2025 -
Ally to sell credit card business to CardWorks
The bank’s CEO said last month that the payments business wasn’t within Ally’s core focus, and pointed to a search for “strategic alternatives” earlier this month.
By Gabrielle Saulsbery • Jan. 22, 2025 -
AI promises 2025 advances for payments industry
The emerging technology will help merchants process payments faster and provide customers with more ways to pay, those who follow the payments industry say. It will also increasingly offer a defense against rising fraud.
By Patrick Cooley • Jan. 21, 2025 -
Block agrees to pay $255M to regulators for Cash App deficiencies
The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.
By Lynne Marek • Jan. 16, 2025