Retail: Page 2
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Courtesy of Sunbit Press Room
Sunbit raises $130M, doubles down on BNPL for auto-repairs, elective healthcare
Sunbit is offering buy now-pay later financing services in those categories partly because of their "stickiness" in customer relationships, Sunbit CEO Arad Levertov told Payments Dive.
By Vaidik Trivedi • May 25, 2021 -
Teresa Kroeger via Getty Images
Square may soon offer small-business checking and savings accounts, app code shows
The code indicates the company will not charge monthly service fees, minimum balance fees or overdrafts on its checking account, and will offer a 0.5% interest rate on its savings account through 2021, Bloomberg reported.
By Dan Ennis • May 25, 2021 -
Courtesy of Kerry Walker
ReCharge eyes European expansion, raises $227M in capital
The company, founded in 2014, provides e-commerce businesses the opportunity to add subscription-based payment options for recurring payments.
By Vaidik Trivedi • May 24, 2021 -
Dan Kitwood via Getty Images
Payments giant FIS makes another crypto move, expanding in Europe
"We’ll be well-positioned to handle (cryptocurrencies) across the whole ecosystem in the marketplace," FIS President Bruce Lowthers said at a recent industry conference.
By Lynne Marek • May 24, 2021 -
Courtesy of Nitesh Rajoria
Credit Rich offers millennials, marginalized communities more credit tools
"We created Credit Rich to provide people with the opportunity to take the burden [of debt] off them by helping them understand how the credit system works," said Angel Rich, CEO of Credit Rich parent WealthyLife.
By Vaidik Trivedi • May 21, 2021 -
Courtesy of CashApp - Square
Square and Plaid partner to provide ACH payments to merchants
Square aims to draw larger merchants to its services with the new offering, while continuing to cater to smaller businesses growing into the middle market.
By Vaidik Trivedi • May 20, 2021 -
Courtesy of Shannon Shrewbrook
Cedar to acquire OODA Health for $425M to digitize, simplify healthcare bill payments
The two companies join forces to digitize medical bill payment processes after the pandemic increased telemedicine use.
By Vaidik Trivedi • May 19, 2021 -
Permission granted by Lance
Neobank Lance targets gig economy's income volatility
The New York City-based challenger divides a user's payments into sub-accounts for salary, tax withholdings, business expense balance and a savings account automatically.
By Anna Hrushka • May 19, 2021 -
Courtesy of Mastercard
Point of sale tech upgrades to drive payments to $17.3 trillion by 2026, research says
As cash based transactions dwindle and technology upgrades payment methods, transactions processed by hardware point of sale are set to increase by 28% over the next five years, a Juniper report found.
By Vaidik Trivedi • May 18, 2021 -
Fox Photos via Getty Images
Marqeta IPO shares pop 13% on first day of trading
Marqeta, which counts payments technology company Square as its largest customer, raised $1.23 billion from the initial public offering.
By Lynne Marek • UPDATED: June 10, 2021 at 8:42 a.m. -
Sean Gallup via Getty Images
Stripe, PayPal drive payments acquisitions spree with 2 more deals
Stripe's acquisition of fraud prevention company Bouncer, and PayPal's deal to buy Happy Returns, are latest deals driving payments industry M&A.
By Lynne Marek • May 17, 2021 -
Sean Gallup via Getty Images
PayPal acquires returns startup Happy Returns
After investing in the startup in 2019, the payments platform is now acquiring Happy Returns to better serve consumers throughout their transactions.
By Tatiana Walk-Morris • May 14, 2021 -
Courtesy of Hannah Stern
Rho Technologies taps Mastercard for new corporate credit card
Rho Technologies is partnering with Mastercard to offer a corporate credit card after teaming with Visa on prior cards.
By Vaidik Trivedi • May 13, 2021 -
Courtesy of Cantaloupe
Cantaloupe expands with crypto, cashless payments partnerships
The company, formerly known as USA Technologies, has teamed up with crypto company Bakkt and manufacturer Castles Technology to upgrade its automated retail machines.
By Matt Thibault • May 12, 2021 -
Courtesy of Amazon
Affirm's 3Q results show increased BNPL demand for travel
As the U.S. economy opens up, Affirm is reporting an increase in customers using its BNPL payment option for travel and ticketing.
By Vaidik Trivedi • May 11, 2021 -
Courtesy of Ian Antonoff
Neobank Lili raises $55M as customer base expands
The fintech, which caters to freelancers and gig-economy workers, raised $55 million after such work expanded during the pandemic.
By Vaidik Trivedi • May 11, 2021 -
Dan Kitwood via Getty Images
NYDIG taps Bridgewater CFO for Bitcoin trading and holding operations
NYDIG have tapped John Dalby as their CFO after announcing their plans to help provide banks with account services for Bitcoin.
By Jane Thier • May 11, 2021 -
David Paul Morris via Getty Images
Google Pay launches P2P cross-border payments
Google launches cross-border P2P payments from U.S. to India and Singapore in a push to make "complicated processes simple for users."
By Vaidik Trivedi • May 11, 2021 -
Courtesy of Kroger
Pandemic altered consumers' payment patterns; US lags globally in contactless, study finds
As the pandemic forced consumers to stay indoors, payment patterns pivoted to more digital and contactless, and expectations of secure payments rose, according to a study by Paysafe.
By Vaidik Trivedi • May 10, 2021 -
Ki Price via Getty Images
EBay taps Payoneer for cross-border multi-currency payments
EBay aims to ramp up cross-border payments through a partnership with Payoneer after an increase in sales during the pandemic.
By Vaidik Trivedi • May 10, 2021 -
Courtesy of CashApp - Square
Square's Bitcoin revenue soars, eyes lending, TIDAL app engagement
After exceeding earnings estimates, Square looks to drive user engagement and individual lending through its CashApp.
By Vaidik Trivedi • May 07, 2021 -
Courtesy of Walmart corporate blog
Walmart gives diverse suppliers option for early payment
The retailer is expanding its early payments program through a partnership with the fintech company C2FO.
By A.B. Brown • May 07, 2021 -
Courtesy of Snap, Inc.
OpinionTransparency, collaboration needed to spot online transaction fraud
False positives in the battle against e-commerce fraud are depriving retailers, credit card companies and payment processors of revenue on legitimate sales, CMSPI's Toby McFarlane said.
By Toby McFarlane • May 07, 2021 -
Sean Gallup via Getty Images
PayPal forecasts boom in QR-code payments, plans BNPL expansion
PayPal is betting digital and alternative payment option trends, like BNPL, will persist even after the pandemic subsides.
By Vaidik Trivedi • May 06, 2021 -
Tim Boyle via Getty Images
Uplift to offer Southwest Airlines customers BNPL options
As the buy now, pay later trend catches on, Southwest is tapping Uplift to offer customers installment payment options.
By Matt Thibault • May 05, 2021
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