Retail

Valley Bank unveils payments app for cannabis businesses

Valley Bank is partnering with a large processor to offer the service, which is similar to using a reloadable Starbucks wallet gift card, Chief Digital Product Officer Stuart Cook said. A "large processor" that's involved wants to remain anonymous.

By Anna Hrushka • Oct. 27, 2021

BNPL needs Visa to scale, CEO argues

Visa CEO Al Kelly contends that the new entrant buy now-pay later providers will need the card company's network to scale the business, and Visa is partnering to make that happen.

By Lynne Marek • Oct. 27, 2021

Discover CEO plans payments push

Discover's Payments business could have a much bigger impact on the company's bottom line, according to analysts at William Blair

By Jonathan Berr • Oct. 26, 2021

Stripe and Klarna hook up

Two of the biggest fintech companies in the payments sphere said they are locking arms to share their services and customers.

By Lynne Marek • Oct. 26, 2021

Elavon eyes BNPL arena

Payments processor Elavon will do what it takes to get into the buy now-pay later market--whether that means buying, building or partnering, said CEO Jamie Walker.

By Lynne Marek • Oct. 25, 2021

PayPal douses reports of a Pinterest purchase

With one sentence, PayPal dismissed a bevy of reports last week that it's pursuing a purchase of the social media site Pinterest.

By Lynne Marek • Oct. 25, 2021

Payment choice is rapidly diversifying. Here's why it matters for brands.

Today's customers and workers want to choose how they get paid. Is your brand ready?

Klarna delivers BNPL to WIX sellers

The Swedish buy now-pay later company adds the new Wix collaboration to a busy year of raising funds and buying startups.

By Tatiana Walk-Morris • Oct. 22, 2021

Is PayPal pining for Pinterest?

A reported $45 billion PayPal purchase of Pinterest would cap a big year for deal-making fueled by the payments industry. 

By Lynne Marek • Oct. 21, 2021

Retail groups urge credit swipe routing changes

Retail and merchant trade groups have long pressed policymakers for regulatory changes to reduce card interchange fees. Now, they're urging that routing of credit card transactions be regulated just as debit transactions already are. 

By Doug Kantor • Oct. 19, 2021

Fiserv expands restaurant reach with BentoBox purchase

The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

By Lynne Marek • Oct. 18, 2021

PayPal takes stake in LatAm SPAC

The digital payments giant disclosed that it bought a minority stake in the SPAC rolled out this month by Latin American e-commerce behemoth MercadoLibre and venture capital firm Kaszek.

By Lynne Marek • Oct. 14, 2021

SumUp spearheads US growth with $317M Fivestars acquisition

The acquisition of San Francisco-based Fivestars is central to SumUp's expansion strategy in the Americas and its global ambitions.

By Lynne Marek • Oct. 14, 2021

Andreessen Horowitz poaches Facebook digital wallet execs

Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.

By Dan Ennis • Oct. 13, 2021

Paytech firms outside US gain ground

Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights. 

By Lynne Marek • Oct. 11, 2021

Affirm, Sezzle buy now-pay later options arrive at Target

As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.

By Tatiana Walk-Morris • Oct. 08, 2021

Rich payment startups target B2B market

Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.

By Lynne Marek • Oct. 04, 2021

Card critics call for credit routing scrutiny

One merchant group has opened up a new front in the battle against Visa and Mastercard, calling for more federal antitrust scrutiny of credit card routing.

By Lynne Marek • Oct. 01, 2021

Square, TikTok tie-up will deliver fans to sellers

As part of the new partnership, TikTok users will be able to link to Square sellers' sites by clicking on videos and ads.

By Tatiana Walk-Morris • Sept. 30, 2021

Visa to add big new office in Atlanta

The card behemoth said some of its top executives will move to the new Atlanta office, set to open next year and eventually host 1,000 employees.

By Lynne Marek • Sept. 29, 2021

PayPal's Happy Returns partners with Staples

With the latest agreement in a series of retailer ties, 75% of Americans will reside within 10 miles of a Happy Returns location.

By Tatiana Walk-Morris • Sept. 29, 2021

Mastercard to launch new BNPL service

Mastercard is teaming with some of the biggest companies in payments, including FIS, Synchrony, Barclays and Marqeta, to launch a new buy now-pay later service next year.

By Lynne Marek • Sept. 28, 2021

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