Retail: Page 2

  • Stickers with the visa and mastercard logos on the exterior window of a store.
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    Justin Sullivan via Getty Images
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    Visa-Mastercard settlement failed to treat merchants ‘equitably’

    A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

    By • July 1, 2024
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    Q&A

    How buy now, pay later benefits merchants

    Research from online payments processor Stripe found that providing BNPL increases the average size and total number of  sales.

    By • July 1, 2024
  • Money next to hourglass Explore the Trendline➔
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    busracavus via Getty Images
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    Trendline

    Real-time payments are on the rise

    As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

    By Payments Dive staff
  • Loper decision ending Chevron deference doctrine
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    Anna Moneymaker / Staff via Getty Images
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    Supreme Court lets complaint on debit fees proceed

    The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

    By • July 1, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Chuck morphs into a new Alloy Labs-backed effort

    Community banks partnered with Alloy Labs and Payrailz a few years ago on a project called Chuck, in a bid to rival Zelle, but that effort has been subsumed by a stealthy successor.

    By • June 27, 2024
  • A gold American Express card being passed between two hands
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    Joe Raedle via Getty Images
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    Travelers want to use credit cards, but often can’t

    Spending by travelers and tourists is often done in cash or by debit card, even if most travelers would prefer to pay another way.

    By • June 27, 2024
  • Stack of credit cards spread out
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    bernie_photo via Getty Images
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    Judge sways away from Visa-Mastercard settlement

    On Tuesday, Judge Margo Brodie denied a preliminary settlement proposal made by the card networks Visa and Mastercard, and merchants who sued them in federal court nearly two decades ago.

    By • June 25, 2024
  • Pennsylvania state capitol in Harrisburg
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    benedek via Getty Images
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    Pennsylvania may ban interchange fees on sales tax

    Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

    By • June 25, 2024
  • Sign in shopping mall
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    Sam Silverstein/Payments Dive
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    Q&A

    BNPL to shift toward larger-ticket expenses: CEO

    The short-term financing option, which already costs more than cards for merchants, will eventually retreat from daily purchases, Priority Technology CEO Tom Priore predicted.

    By • June 25, 2024
  • Seated man speaking with New York Times logo in background and the name 'Max Levchin'
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    Neilson Barnard via Getty Images
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    Affirm may see payment volume bump from Apple Pay: Mizuho report

    The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

    By • June 24, 2024
  • Person using a point of sale software system at a restaurant
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    Moyo Studio via Getty Images
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    Amex to buy Tock for $400M

    American Express said it will buy the reservation platform Tock from website builder Squarespace to buttress its dining digital services.

    By • June 21, 2024
  • Booth and sign for Federal Reserve payments services at Nacha conference in May 2024.
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    Lynne Marek/Payments Dive
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    Faster payments catch on slowly: survey

    About half of payments players surveyed recently by the U.S. Faster Payments Council said they have integrated faster payment technologies.

    By Tatiana Walk-Morris • June 20, 2024
  • A smartphone displaying the Affirm app
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    Courtesy of Affirm
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    Affirm CFO doesn’t expect profits from its Apple tie soon

    The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

    By • June 18, 2024
  • People mill around an Apple store at location in Maryland.
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    Chip Somodevilla via Getty Images
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    Apple to drop its BNPL option in US

    The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.

    By , • June 17, 2024
  • Shift4 CEO Jared Isaacman
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    Courtesy of Shift4. Shift4 CEO Jared Isaacman
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    Shift4 acquires stake in German firm

    Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

    By • June 17, 2024
  • A close up view of a stack of visa bank cards.
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    Justin Sullivan via Getty Images
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    Landmark Visa, Mastercard settlement in peril

    The judge's likely rejection would scuttle a $29.79 billion deal that was two decades in the making.

    By • June 14, 2024
  • Stack of credit cards spread out
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    alexialex via Getty Images
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    Startup offers ‘credit-building’ debit cards for Gen Z

    Startup Fizz is marketing itself as a company helping college students build credit and manage daily spending.

    By • June 13, 2024
  • The eBay logo is displayed on the roof of eBay headquarters.
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    Justin Sullivan via Getty Images
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    EBay to accept Venmo

    A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, a digital tool popular among Gen Z and millennials.

    By • June 12, 2024
  • Two Apple iPhone 14 models
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    Courtesy of Apple
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    Apple unveils new iPhone touch and pay feature

    The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

    By • June 12, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Rivals Adyen, Stripe partner with Capital One to combat fraud

    The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

    By • June 10, 2024
  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard shepherds seven startups

    The card network has selected a group of next-generation payment and banking startups for its accelerator program.

    By Tatiana Walk-Morris • June 10, 2024
  • Illinois state capitol building in Springfield
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    tacojim via Getty Images
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    Illinois heads toward landmark card interchange fee restrictions

    The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

    By • June 7, 2024
  • Affirm to acquire Returnly.
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    Courtesy of Affirm
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    Affirm adds new options in bid to battle cards

    The buy now, pay later provider now offers two 30-day payment plans; one that allows for full payment and another that splits a purchase in two, in addition to its “pay in four” offering.

    By • June 7, 2024
  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    Amex dismisses impact of eBay’s rejection

    EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

    By • June 6, 2024
  • The photo shows cannabis plants growing in a greenhouse.
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    Drew Angerer via Getty Images
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    Pot payments players crave federal reforms

    The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

    By • June 5, 2024
  • Zelle's new ad campaign
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    Courtesy of Early Warning Services (parent company of Zelle)
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    Early Warning launches campaign to warn seniors

    The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.

    By Tatiana Walk-Morris • June 5, 2024