Retail: Page 13

  • A hand holding a phone hovers the phone over a point-of-sale reader on a sitting on a countertop.
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    Pilar Olivares/Reuters

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    PayPal joins group investing $15M in Brazilian startup

    The digital payments pioneer expects the fintech to capitalize on the rise of buy now, pay later services in Brazil.

    By Tatiana Walk-Morris • Aug. 30, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm shuffles leadership, promoting CFO to COO

    The BNPL provider plans to promote Michael Linford, the chief financial officer, to chief operating officer and tap a new CFO.

    By • Aug. 29, 2024
  • Lock and credit card showing security theme Explore the Trendline➔
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    NatalyaBurova via Getty Images
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    Trendline

    Embedded payment tools make inroads

    Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

    By Payments Dive staff
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Shoppers’ online fraud fears escalate

    Four in five consumers are worried about identity theft or someone stealing their credit card numbers, according to a report this month from the credit monitoring agency Experian.

    By • Aug. 28, 2024
  • Rohit Chopra, Director of the Consumer Financial Protection Bureau, giving a speech in an auditorium.
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    Anna Moneymaker via Getty Images
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    CFPB chides retailers on fees for cash back

    The federal agency surveyed major retailers and was concerned to find three retailers impose $90 million in fees annually when consumers ask for cash back with a debit or prepaid card purchase.

    By • Aug. 27, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Shift4 acquires Canadian gift card company for $148M

    Shift4 keeps buying up payments companies as it seeks to build out a global business servicing many sides of the industry.

    By • Aug. 27, 2024
  • Notice on counter next to cashier tells customers about credit card surcharge
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    Lynne Marek/Payments Dive
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    Opinion

    Surcharging doesn’t have to be a bad word

    “The time has come to rethink surcharging not as a necessary evil but as a strategic advantage that can benefit both businesses and customers,” writes a Billtrust executive.

    By Nick Izquierdo • Aug. 23, 2024
  • American Express logo on window
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    Scott Olson via Getty Images
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    Amex, Flutterwave partner in Nigeria

    The collaboration marks the latest move by American Express to expand its footprint in Africa, which is the world's second-largest continent by population.

    By • Aug. 22, 2024
  • Consumer Financial Protection Bureau Director Rohit Chopra
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    Anna Moneymaker / Staff via Getty Images
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    EWA providers crusade against CFPB rule proposal

    Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

    By • Aug. 21, 2024
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    Creative via Getty Images
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    Stripe, Zip partner on BNPL processing

    The buy now, pay later firm will partner with Stripe, adding another major payments player tie to a set of recent high-profile collaborations.

    By • Aug. 21, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    BNPL providers won’t face penalties during transition to new CFPB rule

    CFPB Director Rohit Chopra said in a blog post that the agency will not fine companies making a good faith effort to follow regulations treating buy now, pay later loans like credit card transactions. His remarks follow significant industry pushback.

    By • Aug. 20, 2024
  • Digital payments
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    Courtesy of Adyen
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    Adyen collects more US customers

    The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.

    By • Aug. 19, 2024
  • Mastercard and Visa credit card logos on the outside of a glass window
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    Justin Sullivan via Getty Images
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    Visa-Mastercard settlement claims deadline postponed

    Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.

    By Lyle Moran • Aug. 19, 2024
  • People walking the trade show floor at a conference.
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    Lynne Marek/Payments Dive
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    Mastercard to cut 1,000 employees in restructuring

    The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.

    By • Aug. 19, 2024
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Q&A

    Credit card users struggle with inflation

    JD Power’s annual credit card survey found that more than half of U.S. credit card users don’t pay their balances in full every month, and less than half are considered financially healthy.

    By • Aug. 16, 2024
  • Klarna $1 billion funding round.
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    Courtesy of Klarna
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    Klarna jumps into banking business

    The Swedish buy now, pay later company will let consumers use savings accounts to make payments, receive refunds and earn cash rewards from some retailers.

    By • Aug. 15, 2024
  • TV screen mounted at a checkout aisle of a grocery store advertising Quaker Oats products
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    Courtesy of Grocery TV
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    North American Bancard rebrands in bid to improve

    The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

    By • Aug. 12, 2024
  • Shift4 CEO Jared Isaacman stands in a crowd of people in an astronaut uniform and is being photographed by onlookers.
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    Joe Raedle via Getty Images
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    Shift4 strives to become ‘SpaceX of payments’

    Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.

    By • Aug. 9, 2024
  • Man leans over laptop with head in hand looking at credit card.
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    Butsaya via Getty Images
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    US credit card balances climb to $1.14 trillion

    Consumer credit card debt delinquencies are also on the rise, particularly among younger consumers, according to a New York Federal Reserve report.

    By Tatiana Walk-Morris • Aug. 8, 2024
  • Whataburger Digital Kitchen, the chain's first digital-only unit, opened in Austin in September.
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    Courtesy of Whataburger
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    JPMorgan fires up biometric payments processing

    The biggest U.S. bank is piloting payments processing for biometric transactions, with plans to use it at the hamburger chain Whataburger, which lets customers pay with a face scan.

    By • Aug. 7, 2024
  • A worker keys information into a point of sale screen
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    Creative via Getty Images
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    Toast aims to move beyond restaurants

    The payments service provider is known for working with restaurants, but seeks to make headway with convenience stores, grocery stores and bottle shops.

    By • Aug. 7, 2024
  • A corporate headshot of Stephanie Ferris, CEO of payment processor Fidelity National Information Services
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    Courtesy of FIS

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    FIS starts to get its payments mojo back

    Fidelity National Information Services is starting to recharge its card payments business in the wake of selling Worldpay, the company’s CEO said.

    By • Aug. 6, 2024
  • Apple introduces tap to pay on iPhone.
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    Courtesy of Apple
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    Apple services revenue rises with boost from payments

    The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.

    By • Aug. 5, 2024
  • Mastercard image of two interlocking circles and a horizon seen through them.
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    Courtesy of Mastercard
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    Mastercard refocuses on tech in int’l markets

    The card network will incur a charge in the current quarter for a realignment that is boosting investments in newer technologies, including in Africa and Latin America.

    By • Aug. 1, 2024
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Column

    Is Visa readying for an expiration of cards?

    Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.

    By • July 31, 2024
  • A customer scanning their phone at an Amazon Just Walk Out terminal
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    Courtesy of Amazon
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    Amazon’s checkout tech is getting an AI upgrade

    Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.

    By Jeff Wells • July 31, 2024