Retail: Page 2


  • A person pays in a restaurant
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    Lightspeed aims to fend off rivals on international stage

    Competing restaurant point-of-sale players have set their sights on international growth, but they’re likely to find the European market tougher than the U.S. market, Lightspeed’s CEO said.

    By Nov. 14, 2023
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    Retrieved from Maurice Rahmey/Threads on November 11, 2023
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    Column

    Sociable: Meta inks deal with Amazon to facilitate Facebook, Instagram shopping

    The new deal will enable Amazon merchants to connect with Facebook and Instagram users.

    By Andrew Hutchinson • Nov. 13, 2023
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    tommy via Getty Images
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    Trendline

    Payments industry seeks to keep pace with fraudsters

    As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.

    By Payments Dive staff
  • Buy now pay later
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    Khaosai Wongnatthakan via Getty Images
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    BNPL companies face grim outlook, Moody’s says

    Fierce competition, persistent losses and regulatory constraints are likely to push some players out of the buy now, pay later market, Moody’s predicted.

    By Nov. 13, 2023
  • Happy online shopper
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    Thapana Onphalai via Getty Images
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    Sponsored by Adobe

    Defend your bottom line with guaranteed fraud protection

    The holiday season is often a one-two punch of activity for online retailers: First comes the spike in purchases… and then comes the inevitable returns.

    Nov. 13, 2023
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    Justin Sullivan / Staff via Getty Images
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    Flywire scoops up Australian firm

    The $38.8 million acquisition of StudyLink will expand Flywire’s presence in the Australian higher education market, the company said.

    By Nov. 10, 2023
  • 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 forms board committee to review litigant demands

    Fidelity National Information Services disclosed that its board has formed a committee and hired an independent counsel to review demands tied to a stockholder lawsuit.

    By Nov. 9, 2023
  • Affirm CEO Max Levchin
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    Kevin Dietsch / Staff via Getty Images
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    Affirm CEO welcomes CFPB oversight

    Consumer Financial Protection Bureau supervision “levels the playing field” in buy now, pay later, Affirm’s CEO Max Levchin said Wednesday.

    By Nov. 9, 2023
  • Federal Trade Commission
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    Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
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    FTC, Florida reach $150,000 settlement with Chargebacks911

    The Federal Trade Commision and Florida had sued the company for using deceptive tactics to prevent consumers from disputing credit card charges.

    By Nov. 9, 2023
  • A sign with the 'Citi' logo
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    Mario Tama via Getty Images
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    Citi fined $25.9M over alleged discrimination

    The bank, between 2015 and 2021, denied certain credit card products to applicants with surnames ending in “ian” and “yan,” suffixes that Citi employees associated with Armenian national origin, the CFPB said.

    By Anna Hrushka • Nov. 8, 2023
  • 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 proposes new oversight for payment tech firms

    Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.

    By , Nov. 7, 2023
  • 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 readies finances for Worldpay separation

    Fidelity National Information Services took an accounting hit against its third-quarter results as it prepares to cast off its Worldpay unit early next year.

    By Nov. 7, 2023
  • Person pays via mobile phone
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    Creative via Getty Images
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    Q&A

    Micropayments poised to surge: Forrester

    In the U.S., bank-based payments need to gain steam before micropayments can truly take off, but there are increasing signs that’s on track, said Forrester analyst Lily Varón.

    By Nov. 7, 2023
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Visa launches cybersecurity training program

    The card giant rolled out a cybersecurity apprenticeship program last year amid a talent deficit highlighted by the Biden administration.

    By Tatiana Walk-Morris • Nov. 6, 2023
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    Drew Angerer via Getty Images
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    Block to shrink workforce

    The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.

    By Nov. 3, 2023
  • Venmo small business feature.
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    Courtesy of Venmo
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    PayPal discloses SEC, CFPB probes

    The digital payments company said it’s cooperating with a Securities and Exchange Commission probe of its stablecoin, and a Consumer Financial Protection Bureau inquiry related to bank transfers.

    By Nov. 3, 2023
  • Blocks show the words "buy now pay later"
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    Sviatlana Zyhmantovich via Getty Images
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    Breaking down buy now, pay later

    After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.

    By Nov. 3, 2023
  • A man standing in front of a black background with the outline of the Apple logo
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    Justin Sullivan via Getty Images
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    Apple’s payments regulation woes mount

    Regulators in the Netherlands, South Korea and Australia have targeted the tech giant’s payments business, and antitrust litigation is brewing in the U.S.

    By Nov. 2, 2023
  • PayPal building in San Jose
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    Justin Sullivan via Getty Images
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    PayPal promotes Archie Deskus to CTO

    The move expands the executive's oversight to include platform engineering teams, the company said Thursday.

    By Roberto Torres • Nov. 2, 2023
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Klarna transfers 500 jobs in cost-cutting move

    The buy now, pay later provider is outsourcing about 500 positions in 10 markets to two partners, a company spokesperson said.

    By Nov. 2, 2023
  • PayPal logo in front of a glass building with shrubery in the foreground
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    Justin Sullivan via Getty Images
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    PayPal’s new CEO promises improvements

    Alex Chriss, who took the top post in September, tapped a new chief financial officer this week and pledged to refocus the payment company's strategy.

    By Nov. 2, 2023
  • Worker using point of sale system in coffee shop
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    time99lek via Getty Images
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    Global Payments delays new POS launch

    The payments processor’s new point-of-sale software for retail and restaurant customers will launch in early 2024, not this year.

    By Nov. 1, 2023
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Payments players react to debit cap cut

    The CEOs of Mastercard and Global Payments chimed in with opposing views of the Federal Reserve Board’s proposal to lower the cap on debit interchange.

    By Oct. 31, 2023
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    Affirm sees CFPB supervision on the horizon

    The buy now, pay later company expects to begin being supervised by the federal watchdog in the “immediate future.”

    By Oct. 30, 2023
  • A Person With a Phone Using a Mobile Wallet Application At Workplace
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    Prostock-Studio via Getty Images
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    Consumers expect to use fewer digital wallets: report

    As more merchants accept digital payments for in-store purchases, consumers are moving away from using multiple, single-use payment apps, McKinsey Senior Partner Marie-Claude Nadeau said.

    By Oct. 30, 2023
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    Chip Somodevilla via Getty Images
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    Discover discloses SEC probe

    A pricing error by the card company that affected merchants and merchant acquirers triggered the investigation.

    By Oct. 27, 2023