Retail: Page 16
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Courtesy of Klarna
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 Lynne Marek • Aug. 15, 2024 -
Courtesy of Grocery TV
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 Lynne Marek • Aug. 12, 2024 -
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TrendlineDigital wallets proliferate as features advance
As more companies aim to offer digital wallets the rise in competition is sharpening their features.
By Payments Dive staff -
Joe Raedle via Getty Images
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 Patrick Cooley • Aug. 9, 2024 -
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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 -
Courtesy of Whataburger
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 Lynne Marek • Aug. 7, 2024 -
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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 Patrick Cooley • Aug. 7, 2024 -
Courtesy of FIS
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 Lynne Marek • Aug. 6, 2024 -
Courtesy of Apple
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 Patrick Cooley • Aug. 5, 2024 -
Courtesy of Mastercard
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 Lynne Marek • Aug. 1, 2024 -
Justin Sullivan / Staff via Getty Images
ColumnIs 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 Lynne Marek • July 31, 2024 -
Courtesy of Amazon
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 -
Permission granted by PayPal
PayPal CEO leans on big-name clients for growth
Alex Chriss, appointed to lead the digital payments business last year, noted the company is benefiting from ties to companies like Facebook parent Meta.
By Lynne Marek • July 30, 2024 -
Matt Winkelmeyer via Getty Images
Stripe buys software rival Lemon Squeezy
The San Francisco payments giant bought the 4-year-old Salt Lake City startup as it continues its global expansion.
By Patrick Cooley • July 30, 2024 -
Justin Sullivan via Getty Images
Milberg roils Visa-Mastercard settlement claims process
The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.
By Lyle Moran • July 29, 2024 -
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Affirm says CFPB’s proposed BNPL rules will confuse customers
In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.
By Patrick Cooley • July 29, 2024 -
Joe Raedle / Staff via Getty Images
Capital One racks up Walmart, Discover costs
The card company set aside more than $800 million to brace for credit card losses tied to its break-up with retail behemoth Walmart.
By Caitlin Mullen • July 29, 2024 -
Justin Sullivan via Getty Images
PayPal changes chairman, reduces board size
PayPal’s chairman of nine years left that post this week, and was replaced by one of the board’s newer members.
By Lynne Marek • July 26, 2024 -
Permission granted by Clair
Q&AClair CEO backs CFPB rule proposal on EWA
Nico Simko supports the Consumer Financial Protection Bureau’s recent rule proposal, and it may be a competitive advantage for him.
By Lynne Marek • July 25, 2024 -
Justin Sullivan via Getty Images
Visa CEO ‘strongly’ disagrees with class settlement ruling
The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.
By Lynne Marek • July 24, 2024 -
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Fiserv to leverage artificial intelligence to help merchants
The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.
By Patrick Cooley • July 24, 2024 -
Courtesy of Mastercard
FTC demands pricing input from Mastercard, others
The Federal Trade Commission demanded information from eight companies, including the card network, to better understand how consumer data is being used in the pricing of products and services.
By Lynne Marek • July 23, 2024 -
Scott Olson via Getty Images
Amex benefits from young cardholders’ spending
Gen Z and millennials are driving spending, sometimes as premium customers, to the benefit of the credit card company.
By Patrick Cooley • July 23, 2024 -
Courtesy of Green Dot
Fed fines Green Dot $44M over prepaid cards
The consent order has been expected since February, when Green Dot revealed that reasonable associated losses could total $50 million.
By Gabrielle Saulsbery • July 23, 2024 -
Matt Kapko/Payments Dive
Visa, Mastercard say CrowdStrike didn’t impact networks
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
By Lynne Marek • July 22, 2024 -
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Sponsored by Concora CreditHow retailers can drive more sales by meeting the financing needs of more customers
Embracing secondary-credit offers enables retailers to offer credit to customers who have less-than-perfect credit, otherwise known as nonprime consumers.
July 22, 2024
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