Retail: Page 16
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Joe Raedle via Getty Images
Ballooning credit card balances loom over retail sales
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
By Daphne Howland • March 19, 2024 -
Courtesy of FuboTV
Nuvei forms committee to evaluate ‘strategic alternatives’
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
By Lynne Marek • March 18, 2024 -
Explore the Trendline➔
ArtemisDiana via Getty Images
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 -
Courtesy of Afterpay
Afterpay extends reach beyond apparel
The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.
By Tatiana Walk-Morris • March 18, 2024 -
Mykola Pokhodzhay via Getty Images
Q&AFreedomPay doubles down on gateway focus
The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal.
By Caitlin Mullen • March 18, 2024 -
Retrieved from Business Wire on March 14, 2024
Fiserv searches for ‘tuck-in type’ deals
Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.
By Caitlin Mullen • March 15, 2024 -
Benson Ibeabuchi via Getty Images
OpinionFintech founder backs Google, Apple
“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.
By Kingsley Ezeani • March 15, 2024 -
Permission granted by John Kraft
Q&AACI CEO weighs in on FedNow, cross-border payments
The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.
By Lynne Marek • March 14, 2024 -
Justin Sullivan via Getty Images
Visa teams with SAP’s Taulia on embedded payments
The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.
By Tatiana Walk-Morris • March 14, 2024 -
Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
Klarna’s IPO prospects grab spotlight
The BNPL provider’s CEO has suggested the company could IPO “quite soon,” but fintech investors expect the market will first want to see a stronger track record of profitability.
By Caitlin Mullen • March 13, 2024 -
FangXiaNuo via Getty Images
PayPal, Mastercard add C-suite hires
Payments firms are loading up on new C-suite hires this year as some in the industry build out new management teams.
By Lynne Marek • March 13, 2024 -
Permission granted by Stripe
Stripe reports payments volume increase
The digital payments company processed $1 trillion in total payments volume last year, according to its annual letter released Wednesday.
By James Pothen • March 13, 2024 -
Permission granted by PayPal
PayPal may axe straggler business units
On the fringes of the digital payment pioneer’s two main businesses are some in a third category that could be jettisoned this year, CEO Alex Chriss said last week.
By Lynne Marek • March 12, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
Affirm CFO swears off auto lending, for now
The buy now, pay later company seeks to be involved in more consumer spending opportunities, but finance chief Michael Linford all but ruled out auto lending.
By Caitlin Mullen • March 12, 2024 -
Courtesy of Hertz/GM
Hertz taps Stripe for digital payments
The digital payments company will power website and app-based reservations for the car rental business, along with providing a point-of-sale system.
By James Pothen • March 12, 2024 -
Permission granted by Andy Gerit
Visa spends ‘billions’ battling cybersecurity threats
“We are all in an arms race to protect this ecosystem, to protect the network,” Visa CEO Ryan McInerney said at an investor conference last week.
By Lynne Marek • March 11, 2024 -
Michael M. Santiago / Staff via Getty Images
JPMorgan to launch biometric checkout next year
The bank’s payments unit plans to engage in more pilots this year before rolling out the checkout service broadly next year, said Prashant Sharma, JPMorgan’s executive director of biometrics and identity solutions.
By Caitlin Mullen • March 11, 2024 -
Kayoko Hayashi via Getty Images
IHG approves slew of hotel digital tipping solutions
The hotel group announced that it had newly approved several payment vendors to expand the company’s digital tipping capabilities.
By Noelle Mateer • March 11, 2024 -
Chip Somodevilla via Getty Images
Biden, Republicans clash over card fees
President Biden and Republican lawmakers sparred Thursday over credit card late fees, as some House members also challenged the Federal Reserve’s proposed cap on debit card fees.
By Lynne Marek • March 8, 2024 -
Win McNamee via Getty Images
Capital One angles to push Discover upmarket
With its acquisition of the card network, Capital One seeks to elevate Discover’s brand while also working to expand its acceptance abroad.
By Caitlin Mullen • March 7, 2024 -
Permission granted by PayPal
PayPal CEO prioritizes bettering branded services
Alex Chriss aims to use the company’s faster-growing unbranded Braintree business to give a boost to the legacy PayPal brand.
By Lynne Marek • March 7, 2024 -
Permission granted by Huck's
Huck’s adds touchless payments for fleets
The convenience retailer is the latest to add this capability as it seeks to win over more business from corporate accounts and professional drivers.
By Jessica Loder • March 6, 2024 -
Retrieved from BP.
BP to upgrade mobile app, POS system
The c-store and fuel giant will overhaul its BPme platform as it looks to create an enhanced purchasing experience, a spokesperson said.
By Brett Dworski • March 6, 2024 -
Chip Somodevilla via Getty Images
CFPB imposes $8 credit card late fee rate
The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases.
By Lynne Marek • March 5, 2024 -
Caitlin Mullen/Payments Dive, data from Fiserv
Fiserv lines up FedNow clients
The mega processor has signed up 200 banks for FedNow, but now its clients are in search of use cases.
By Lynne Marek • March 5, 2024 -
Jesse Grant via Getty Images
Cash App enforcement action expected this year
Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.
By Lynne Marek • March 4, 2024
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