Retail: Page 2
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Barclays replaces Goldman Sachs as GM card issuer
The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.
By Patrick Cooley • Oct. 14, 2024 -
Worldpay taps Aeropay for gaming payments assist
The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.
By Lynne Marek • Oct. 14, 2024 -
Trendline
Payments players eye digital B2B opportunity
Companies offering digital payments services envision billions of dollars in U.S. business payments flow ripe for transitioning to the electronic realm.
By Payments Dive staff -
Stripe partners with Nvidia, Pepsi and Rivian
The payments software provider announced a slew of new partnerships on Wednesday, also with Amazon and AMC Networks.
By Patrick Cooley • Oct. 11, 2024 -
Automated-checkout company Grabango shuts down
The tech company was unable to secure the funding needed to continue operating, a spokesperson said.
By Brett Dworski , Jeff Wells • Oct. 11, 2024 -
New York Governor signs gun code law
Gov. Kathy Hochul signed a new law Wednesday requiring merchants to use a gun code, saying it could help prevent mass shootings.
By Patrick Cooley • Oct. 10, 2024 -
Toast increases processing fees, adds surcharge feature
The digital restaurant payments provider raised processing fees for some restaurant clients. Separately, it’s aiding clients in adding surcharges on their customers’ orders.
By Patrick Cooley • Oct. 9, 2024 -
Global Payments embarks on ‘transition’ year
The payments processor expects to undertake possible divestitures, beginning this year, as part of an effort to jump-start revenue in subsequent years.
By Lynne Marek • Oct. 9, 2024 -
MoneyGram attack exposed sensitive customer data
The attack led to a days-long outage in September. The money transfer firm hasn’t described the nature of the incident or said how many people have been impacted.
By Matt Kapko • Oct. 9, 2024 -
Durbin jumps into Illinois interchange law fray
Sen. Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.
By Lynne Marek • Oct. 8, 2024 -
Real-time payments to make uneven progress, report predicts
The number of banks receiving real-time payments will outpace the number of those sending payments through at least 2028, according to a new survey by the U.S. Faster Payments Council.
By Lynne Marek • Oct. 7, 2024 -
Sponsored by Adyen
How Hugo Boss, Prada provide bespoke service with payments
These retailers have focused on innovative ways to create tailored services that align with their overall luxury shopping experience.
Oct. 7, 2024 -
OCC seeks to halt Illinois card interchange fee law
The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.
By Lynne Marek • Oct. 3, 2024 -
Visa expected to temper competitive moves after DOJ action
The card network may bend to emboldened fintech rivals and more assertive merchants following the Justice Department’s antitrust lawsuit.
By Lynne Marek • Oct. 3, 2024 -
Hurricane Helene aftermath prompts card, cash troubles
After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.
By Lynne Marek • Oct. 3, 2024 -
Visa boosts litigation funding ahead of US antitrust fight
The company added $1.5 billion to a litigation escrow account as it battles a Justice Department lawsuit and ongoing legal case with merchants.
By Justin Bachman • Oct. 1, 2024 -
Payments conferences to keep on your radar for 2025
Artificial intelligence, FedNow and the ISO 20022 standards are expected to be hot topics at next year’s events.
By Shefali Kapadia • Oct. 1, 2024 -
Affirm may offer discounts after Fed interest rate cut
The Federal Reserve’s interest rate reduction may give the company leeway to offer more consumers 0% interest or a lower APR, Affirm CFO Michael Linford said this week.
By Patrick Cooley • Oct. 1, 2024 -
Trump interest rate cap draws criticism
Fewer people would be approved for credit cards, and credit card issuers would offer fewer perks, opponents of the longshot proposal say.
By Patrick Cooley • Sept. 30, 2024 -
Fed dissects consumer use of digital payments
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
By Tatiana Walk-Morris • Sept. 30, 2024 -
FDX seeks to become open banking standard-setter
The Consumer Financial Protection Bureau will decide whether an organization’s practices are transparent and balanced enough to set standards for open banking.
By Patrick Cooley • Sept. 26, 2024 -
Moneygram faces backlog after outage
The international wire transfer company has restarted some services after a cyberattack, but is battling to fulfill transactions after taking its systems offline for much of the week.
By Lynne Marek • Sept. 26, 2024 -
How Visa stymied big tech rivals
The U.S. lawsuit paints a picture of the dominant card network using lures and threats to stifle competition from competitors Apple, PayPal and others.
By Lynne Marek • Sept. 25, 2024 -
Q&A
Sezzle evolves alongside BNPL industry
The company now offers more products but also faces more regulatory pressure, Sezzle CEO Charlie Youakim told Payments Dive.
By Patrick Cooley • Sept. 25, 2024 -
DOJ suit accuses Visa of illegal debit payment monopoly
The company threatens merchants with high fees, and "makes its potential rivals business partners to thwart competition in debit card processing," the DOJ says.
By Justin Bachman • Sept. 24, 2024 -
Visa faces possible DOJ lawsuit, news reports say
The card network may soon be sued by the Department of Justice over its debit card practices, according to multiple news reports citing anonymous sources.
By Lynne Marek • Sept. 24, 2024