Retail: Page 14
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BNPL users tend to have lower incomes: Bank of America
The bank analyzed its BNPL user data and discovered low-income consumers are more likely to use installment payment services. It’s also popular among millennial and Gen X consumers.
By Lynne Marek • May 6, 2024 -
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Merchants urged to file claims for $5.5B payment card settlement
Requests for a slice of the Visa-Mastercard settlement are due by a May 31 deadline. Lawyers are racing to alert eligible businesses.
By Lyle Moran • May 6, 2024 -
Explore the Trendline➔
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TrendlineCross-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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OpinionPay-by-bank holds promise
“The value proposition of pay-by-bank is clear: merchants win from drastically lower payment costs and consumers win from lower prices,” writes one fintech executive.
By Eric Shoykhet • May 3, 2024 -
Permission granted by Diebold Nixdorf
Automatic age verification comes to self-checkout
Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.
By Jessica Loder • May 3, 2024 -
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Global Payments to wrap review soon
The payments processor plans to finish an assessment of operations in the next few months, aiming to streamline its business and pare units it can’t scale.
By Lynne Marek • May 2, 2024 -
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Amazon makes a subscription play
The giant digital retailer has created a new payment flow connected to groceries.
By Catherine Douglas Moran • May 1, 2024 -
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PayPal, Bread brace for late fee cap
Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.
By Lynne Marek • May 1, 2024 -
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Stripe unbundles services as industry shifts
The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.
By James Pothen • May 1, 2024 -
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Real-time consumer payments need standards to rise
To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.
By Lynne Marek • April 30, 2024 -
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NRF objects to Visa-Mastercard settlement
The National Retail Federation lashed out at a landmark Visa-Mastercard legal settlement Friday, calling the pact reached with some merchants last month “meager and temporary” relief.
By Lynne Marek • April 29, 2024 -
Jessica Loder/Payments Dive
How Love’s is remaking stores and checkout
The convenience store chain has installed some self-checkout machines to replace employee checkout counters, C-Store Dive said in reporting on the company’s $1 billion renovation program.
By Jessica Loder • April 29, 2024 -
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OpinionWhy financial institutions should embrace ISO 20022
Adopting ISO 20022 payment standards can help U.S. banks and credit unions unlock richer data and stay competitive in the global financial marketplace.
By Sylvie Boucheron-Saunier • April 26, 2024 -
Catherine Douglas Moran/Payments Dive
Walmart removes self-checkout from select stores
The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.
By Kristen Doerer • April 25, 2024 -
Justin Sullivan / Staff via Getty Images
Visa debit card volume growth keeps sliding
The card network behemoth’s latest earnings report showed a contraction in card volume growth during the first three months of the year, and into April.
By Lynne Marek • April 24, 2024 -
Scott Olson via Getty Images
Walmart offers a new BNPL option: report
The fintech One now offers buy now, pay later financing at the store chain, presenting competition for Affirm, which has partnered with the retail giant since 2019.
By Caitlin Mullen • April 24, 2024 -
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Fiserv rises on international, government sales
The processing and payments technology giant is increasingly selling its services abroad, but also benefiting lately from sales to government entities at home.
By Lynne Marek • April 23, 2024 -
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Klarna expands reach with Uber partnership
The Swedish BNPL pioneer said it has formed new partnerships with the ride-share company, as well as the travel firm Expedia Group.
By James Pothen • April 23, 2024 -
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Amex endures slow return of SMB demand
Small and mid-sized businesses were fueling growth for American Express during the COVID-19 era, but not this year. That billed business grew 1% in the first quarter over last year.
By Lynne Marek • April 19, 2024 -
Courtesy of Amazon
Amazon defends ‘Just Walk Out’ pullback
The retailer’s grab-and-go technology will be targeted to small stores, while its smart carts will be prevalent in grocery stores, the company said this week.
By James Pothen • April 19, 2024 -
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Klarna overhauls credit card features
The Swedish buy now, pay later pioneer revised its approach to credit cards in the U.S. market, ditching a more expensive version it touted two years ago.
By Lynne Marek • April 18, 2024 -
Joe Raedle / Staff via Getty Images
CFPB $8 late fee cap edges toward reality
Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.
By Lynne Marek • April 17, 2024 -
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OpinionCFPB’s new late fee cap charts ‘a better way,’ says Sunbit CEO
“The credit card industry should take a page from innovators, instead of relying on yesterday’s fee models,” argues the CEO of the payment tools provider.
By Arad Levertov • April 16, 2024 -
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Q&AGen Z clings to new payment tools
Gen Zers will abandon a transaction in one out of two cases if their preferred payment method isn’t available, says an EY payments specialist, citing the firm’s survey results.
By Lynne Marek • April 12, 2024 -
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BNPL users grapple with financial stress: survey
BNPL users, who are having problems with overspending and missed payments, are tapping buy now, pay later services to spread out their cash flow.
By Tatiana Walk-Morris • April 12, 2024 -
Thai Liang Lim via Getty Images
Deep DiveWhy more tech in stores shouldn’t mean fewer workers
Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.
By Daphne Howland • April 11, 2024
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