Retail: Page 2

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 Lynne Marek • Sept. 12, 2022

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

Explore the Trendline➔

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

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

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

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 Caitlin Mullen • Sept. 7, 2022

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

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 Lynne Marek • Sept. 2, 2022

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 Lynne Marek • Sept. 2, 2022

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 Caitlin Mullen • Sept. 1, 2022

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 Lynne Marek • Sept. 1, 2022

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

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 Caitlin Mullen • Aug. 31, 2022

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 Caitlin Mullen • Aug. 30, 2022

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 Lynne Marek • Aug. 26, 2022

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 Caitlin Mullen • Aug. 26, 2022

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 Lynne Marek • Aug. 25, 2022

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 Suman Bhattacharyya • Aug. 25, 2022

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

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

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 Caitlin Mullen • Aug. 22, 2022

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

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

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 Caitlin Mullen • Aug. 18, 2022

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 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 Lynne Marek • Aug. 18, 2022