Retail

Fiserv partners with NYDIG to offer bitcoin services

The duo will enable financial institutions to offer bitcoin services to their customers, betting banks can use the new offering to attract consumers who own bitcoin or who want to buy the digital asset.

By Vaidik Trivedi • June 23, 2021

Consumers adapt to "omnichannel" payments, survey finds

Although a majority of customers surveyed had shopped online over the prior year, a "slight majority" across all regions also still prefers in-person shopping, the survey showed.

By Vaidik Trivedi • June 23, 2021

Payments industry deal-making mushrooms

The payments industry has accounted for the bulk of big fintech deals since the start of last year, charting eight combinations worth $23 billion, according to S&P Global Market Intelligence, which predicts the trend will march on.  

By Lynne Marek • June 22, 2021

Fiserv, Deutsche Bank team up in German market

Fiserv and Deutsche Bank are locking arms to allow the German bank's business customers to accept payments through Clover, Fiserv's point of sale (POS) system.

By Lynne Marek • June 22, 2021

Amazon's Prime Day becomes less special as competitors respond with their own deals

Amazon is destined to sell its own devices and collect new memberships, but competing sales from retailers make the event less attractive to consumers.

By Daphne Howland • June 21, 2021

PayPal to increase merchant fees in August

The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.

By Lynne Marek • June 20, 2021

Buy now-pay later drawbacks emerge for consumers, study says

The BNPL payment option has been gaining traction among users, yet many consumers in the U.S. consider it "financially risky," a new study says.

By Vaidik Trivedi • June 20, 2021

Global Payments, CDK team to court car dealers

Companies are racing to sell a new generation of payment technology systems to auto dealerships.  

By Lynne Marek • June 17, 2021

Visa pilots US merchant phone-tap system

The new payment option allows merchants to convert their android smartphones into POS systems to accept tap payments.

By Vaidik Trivedi • June 16, 2021

Mastercard shareholders back executive pay

Despite Institutional Shareholder Services urging shareholders to vote against the company's executive compensation proposal for Tuesday's annual meeting, stockholders gave a thumbs-up to pay that included former CEO Ajay Banga receiving a $27 million-plus package last year.

By Lynne Marek • UPDATED: June 23, 2021 at 4:09 p.m.

BNPL spending to swell to $995B globally by 2026, study finds

As consumers and merchants alike pivot to buy now-pay later options, money flowing through the channel is expected to quadruple by 2026, a Juniper Research study said. 

By Vaidik Trivedi • June 15, 2021

American Express outpaces rivals in digital satisfaction: J.D. Power study

Credit card apps experienced a rise in customer satisfaction as financial institutions innovated during the pandemic, according to the research.

By Anna Hrushka • June 14, 2021

Gig economy workers gravitating toward faster pay

The use of digital and mobile payments accelerated during the pandemic and gig economy workers expect to leverage them for better payments options, studies find.

By Vaidik Trivedi • June 14, 2021

Discover reaps Marqeta IPO windfall

With its Marqeta stake now worth about $800 million, Discover Financial said it will "accelerate" increased spending on marketing in the highly competitive card market.

By Lynne Marek • June 14, 2021

Toast buys xtraChef for back-office payments and operations management

The acquisition will allow the point of sale (POS) company to offer insights into profitability by menu item, automation and intelligence tools to streamline tasks like accounts payable, managing inventory and tracking margins.

By Julie Littman • June 11, 2021

Klarna raises $639M, eyes international expansion

Klarna, now with a $45 billion market valuation, aims to expand its global market share and in-store buy now-pay later options.

By Vaidik Trivedi • June 11, 2021

Airbase raises $60M, aims for larger clients

Airbase plans to use the new capital to upgrade its products in a crowded expense management space.

By Vaidik Trivedi • June 09, 2021

Clair attracts $15M for its on-demand pay play

Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.

By Lynne Marek • June 09, 2021

Amazon card portfolio up for grabs with bids from AmEx, Synchrony

JPMorgan Chase, the nation's largest bank, may reportedly be ready to part with the Amazon portfolio it has worked with since 2002.

By Dan Ennis • June 09, 2021

Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security

Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.

By Vaidik Trivedi • June 08, 2021

Walmart makes cash payment options more efficient

The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.

By Lynne Marek • June 08, 2021

'Super-apps' are the next evolutionary step for financial services

As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.   

By Vaidik Trivedi • June 07, 2021

Consumer spending changes likely to stick, Visa says

For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said.

By Lynne Marek • June 03, 2021

DLocal raises $75M in IPO, spearheads emerging markets

DLocal aims to expand in emerging markets because "strong cross-border business partnerships between global merchants and service providers are important and will continue to gain importance," DLocal COO Sumita Pandit told Payments Dive.

By Vaidik Trivedi • June 03, 2021

Certegy aims to counter rivals with white label offering

Certegy is taking aim at competing buy now-pay later market players with its new product, as customer adoption of that BNPL financing option grows.

By Vaidik Trivedi • June 02, 2021