Retail: Page 2

  • JPMorgan Chase sign in front of building in street level view.
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    JPMorgan buys payments firm Renovite

    The biggest U.S. bank is buying the payments company as competition in the checkout and card processing ecosystem mounts.

    By Sept. 12, 2022
  • Guns are shown in a gun store
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    Spencer Platt / Staff via Getty Images

    Gun merchant code approved for card purchases

    An international standards body approved a new merchant code that will apply to gun sellers for transactions using credit card networks like Visa and Mastercard.

    By Caitlin Mullen • Updated Sept. 9, 2022
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    Tanaonte via Getty Images

    Buy now-pay later payments proliferate

    More companies, and larger ones, are stepping into the buy now-pay later ring, giving consumers an expanding array of options and increasing competition among providers offering the new financing tool.

    By Payments Dive staff
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    Justin Sullivan/Getty Images via Getty Images

    Google invests in new cohort of Black entrepreneurs

    The tech behemoth invested another $5 million in Black entrepreneurs, including some that have founded firms in the payments arena.

    By Tatiana Walk-Morris • Sept. 9, 2022
  • A man and woman looking at receipts inside a cafe
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    Ridofranz via Getty Images

    Mesh Payments raises $60M

    The payments company hopes to gain more business-to-business payments market share as the demand for expense management services rises.

    By Tatiana Walk-Morris • Sept. 8, 2022
  • A rifle is seen in a store window
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    Spencer Platt / Staff via Getty Images

    Lawmakers push card companies to back gun-merchant code

    Democratic Congress members, in letters to the CEOs of Visa, Mastercard and American Express, pressed the companies to support creating a merchant code for gun sellers.

    By Sept. 7, 2022
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    Retrieved from Flickr/frankieleon.

    Consumers need credit card reform

    “It's not just merchants at the mercy of the oligopoly,” writes Ed Mierzwinski, a senior director at the Public Interest Research Group. “Consumers all pay more at the store and more at the pump.”

    By Ed Mierzwinski • Sept. 2, 2022
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    Rafik via Getty Images

    Go slow on a CBDC, Nacha says

    The biggest payment system in the U.S. recommends limited implementation of a central bank digital currency if the Federal Reserve pursues that digital dollar.

    By Sept. 2, 2022
  • Window with sticker showing logos for Visa, Mastercard and American Express.
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    Scott Olson via Getty Images

    Credit card interest rates reach record

    With the Federal Reserve pushing up interest rates to calm inflation, the average credit card interest rate is climbing, too, reaching a two-decade-plus record in August.

    By Sept. 2, 2022
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    rez-art via Getty Images

    Fiserv buys LR2 Group

    The global payments processor said it paid $26 million to acquire the independent sales organization, which had been a long-time partner.

    By Sept. 1, 2022
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    Permission granted by Visa

    Who’s afraid of FedNow? Not Visa

    Visa's CFO on Wednesday brushed off any concerns about the threat of new competition from FedNow, or any other real-time payments system.

    By Sept. 1, 2022
  • A plastic-gloved hand gives a $100 bill to another hand.
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    Mario Tama via Getty Images

    U.S. adults using mostly cash drops sharply

    Affluence and age significantly affect whether people choose to use cash for purchases, according to the latest Gallup poll on cash use in the U.S.

    By Debbie Carlson • Aug. 31, 2022
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    Spencer Platt / Staff via Getty Images

    Card companies urged to code gun sellers

    Calls from government officials urging Visa, Mastercard and American Express to support creating a merchant code for gun sellers are growing louder.

    By Aug. 31, 2022
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    Tero Vesalainen via Getty Images

    Digital wallets dig in

    Continued adoption of digital wallets is likely to depend on the services that providers add, said Charlotte Principato, a financial services analyst for polling firm Morning Consult.

    By Aug. 30, 2022
  • Max Levchin is the ceo of Affirm
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    Drew Angerer/Getty via Getty Images

    Affirm scans landscape for acquisitions

    With plenty of cash on hand, Affirm CEO Max Levchin considers acquisitions as one of many routes for the buy now-pay later company to continue its growth.

    By Aug. 26, 2022
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    Stuart C. Wilson via Getty Images

    Payoneer battles e-commerce slowdown

    Payoneer is counting on global growth and new services to offset what CFO Michael Levine called e-commerce “softness.”

    By Aug. 26, 2022
  • Illustration with a dollar sign in the middle and a circle around it with what looks like circuitry board lines running to it.
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    Chor muang via Getty Images

    Big payments companies poke at CBDC

    Mastercard, PayPal, Fiserv and Stripe gave the Federal Reserve feedback on a central bank digital currency, pointing out key requirements and cautioning about the outcome.

    By Aug. 25, 2022
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    Permission granted by Rho

    Rho woos clients in bid to fill Brex’s small-biz void

    The business banking startup added an automated expense-management tool for its middle-market clients as the company angles to snatch its share of Brex's former clients.

    By Aug. 25, 2022
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    Retrieved from Google on April 30, 2021

    Google Wallet seeps into six more countries

    The tech giant extended its payment services to more nations as competition with Samsung Pay and Apple Pay intensifies.

    By Tatiana Walk-Morris • Aug. 25, 2022
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    Courtesy of Afterpay

    Afterpay releases designer NFTs

    The buy now-pay later company will donate all proceeds from the collection to the nonprofit Free Arts NYC.

    By Dani James • Aug. 24, 2022
  • Entrance to CFPB building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0

    CFPB spotlights payments risks

    The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

    By Aug. 22, 2022
  • A man carrying orange bags with the word Grubhub on the side.
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    Courtesy of Grubhub

    Grubhub offers BofA cardholders loyalty program perk

    The delivery company is working with outside companies to expand its reach by offering limited free membership in its GrubHub+ loyalty program.

    By Julie Littman • Aug. 19, 2022
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    Rrraum via Getty Images

    Payments fundraising slows down in Q2: PitchBook

    Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

    By Tatiana Walk-Morris • Aug. 19, 2022
  • Close-up image of cash and credit cards
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    bernie_photo via Getty Images

    Credit card alternatives rise

    Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

    By Aug. 18, 2022
  • A Western Union sign
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    Sean Gallup via Getty Images

    Western Union, Paymentus CFOs depart

    The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

    By Elizabeth Flood • Aug. 18, 2022
  • Walmart Connect app
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    Courtesy of Walmart

    Walmart eyes payments opportunities

    With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

    By Aug. 18, 2022