Retail: Page 2
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Mastercard, Fiserv execs take sides on debit regulation
A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.
By Caitlin Mullen • March 4, 2024 -
Klarna news may confirm workers’ worst fears: AI replacement
FOBO or “fear of becoming obsolete” has long plagued workers concerned about AI replacing their jobs.
By Caroline Colvin • March 1, 2024 -
Q&A
Affirm preps for UK launch
Beyond expansion to the U.K., the BNPL provider may seek to plant a flag where its large partners such as Amazon and Shopify have a presence, said Affirm’s Chief Revenue Officer Wayne Pommen.
By Caitlin Mullen • March 1, 2024 -
Fiserv ponders M&A
CEO Frank Bisignano declined to comment Wednesday on a potential acquisition of Shift4, but would like to see Fiserv make more purchases that further its digital capabilities.
By Caitlin Mullen • Feb. 29, 2024 -
App features bolster Zip’s US revenue growth
Gamified repayment and variable first installments were two features that CEO Cynthia Scott said contributed to the BNPL company’s U.S. revenue growth.
By James Pothen • Feb. 28, 2024 -
Amazon expands smart carts pilot
The tech giant’s smart shopping carts, designed to speed up the checkout process, are now available for use in a California Whole Foods store.
By James Pothen • Feb. 27, 2024 -
Self-checkout promises ultimate convenience. Is it doing its job?
The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said.
By Bryan Wassel • Feb. 26, 2024 -
Congress members lob dueling gun code bills
Democratic and Republican Congress members took opposing stances this month in introducing bills on the use of a new gun merchant category code.
By Caitlin Mullen • Feb. 26, 2024 -
Cash-strapped consumers turn to BNPL: Fed survey
Consumers facing financial hardships turned to buy now, pay later services more last year than stable consumers, according to survey results from the Philadelphia Federal Reserve Bank.
By Tatiana Walk-Morris • Feb. 23, 2024 -
Affirm sheds workers
The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.
By Caitlin Mullen • Feb. 22, 2024 -
Mastercard to be dinged by Discover deal
While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.
By Lynne Marek • Feb. 21, 2024 -
Cross-border payments remain focus for Fed
Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.
By Lynne Marek • Feb. 20, 2024 -
PayPal invests in AI startup Rasa
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
By Tatiana Walk-Morris • Feb. 20, 2024 -
Toast to cut 550 employees
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
By Lynne Marek • Feb. 16, 2024 -
Global Payments may pare operations
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
By Lynne Marek • Feb. 15, 2024 -
BNPL popularity rises among ‘financially fragile’ consumers
About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.
By Caitlin Mullen • Feb. 15, 2024