Retail: Page 21
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Photo by Bia Santana from Pexels.
Fiserv to let Brazilians use Pix in US
The payments processing giant is providing support to extend the Brazilian instant payments system to merchants and consumers around the world.
By Lynne Marek • April 4, 2024 -
Justin Sullivan via Getty Images
PayPal pursues pricing power
The digital payments pioneer aims to increase pricing for its services to boost profitable growth under a new management team.
By Lynne Marek • April 3, 2024 -
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TrendlineDigital wallets proliferate as features advance
As more companies aim to offer digital wallets the rise in competition is sharpening their features.
By Payments Dive staff -
Kevin Dietsch via Getty Images
Credit card complaints jumped 38% last year: CFPB
The Consumer Financial Protection Bureau received 70,000 card-related complaints from consumers last year, according to a report last week.
By James Pothen • April 3, 2024 -
Jeff Wells/Payments Dive
Amazon to drop ‘just walk out’ at some grocery stores
The e-commerce giant will replace the grab-and-go tech with its smart shopping carts in its Amazon Fresh grocery stores, a tech media outlet reported.
By James Pothen • April 2, 2024 -
Emma McIntyre via Getty Images
Nuvei goes private in stock sale to Advent
The sale of the Canadian payments processor’s stock to the private equity firm will hand some investors a $560 million windfall.
By Lynne Marek • April 2, 2024 -
Scott Olson via Getty Images
How Amex is entangled in the Visa-Mastercard settlement
The settlement gives merchants the ability to surcharge for nearly all Visa and Mastercard credit card transactions, and puts pressure on American Express to allow the same.
By Lynne Marek • April 1, 2024 -
Permission granted by Fiserv
Deep DiveFiserv has ambitious goals for Clover. Can it meet them?
To achieve growth targets, Clover will need to fend off competition from rivals, especially Square, and make headway in new verticals and geographic regions, analysts and consultants said.
By Caitlin Mullen • April 1, 2024 -
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Warren reiterates call for gun MCC guidance
The Massachusetts senator and 32 other Democrats stressed the need for federal guidance on the gun merchant category code as states diverge.
By Caitlin Mullen • March 29, 2024 -
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CFPB warns remittance firms about false ads
The agency told international money transfer companies that “deceptive marketing” may run afoul of federal law.
By Tatiana Walk-Morris • March 29, 2024 -
Courtesy of Ally Financial
Discover CEO to exit for Ally
Michael G. Rhodes, who took the top post at Discover this year, is leaving to become the next CEO of the bank Ally.
By Caitlin Mullen • March 27, 2024 -
Justin Sullivan via Getty Images
Walmart can end Capital One card tie early, judge says
It won’t be easy for Walmart to find a new partner to replace Capital One, though, said Brian Riley, co-head of payments at Javelin Strategy & Research.
By Caitlin Mullen • March 27, 2024 -
Caitlin Mullen/Payments Dive
NY Assembly bill counters governor on BNPL
A New York assemblymember has introduced a buy now, pay later bill, countering one introduced in the governor’s budget bill.
By Lynne Marek • March 27, 2024 -
Justin Sullivan via Getty Images
Visa, Mastercard reach landmark credit card settlement
The two biggest U.S. card networks agreed to cap interchange fees for five years, among other terms, to settle merchant litigation that has lasted nearly two decades.
By Lynne Marek • March 26, 2024 -
Justin Sullivan via Getty Images
How Visa handled ‘BidenCash’ card fraud incident
The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.
By Tatiana Walk-Morris and Lynne Marek • March 25, 2024 -
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Digital wallets to overtake debit cards in stores: report
Having already dominated e-commerce transactions, digital wallets are projected to overtake at least one traditional form of payment in stores, according a Thursday report by Worldpay.
By James Pothen • March 22, 2024 -
Courtesy of Amazon
ColumnPayPal’s new CEO takes the Venmo challenge
PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.
By Lynne Marek • March 21, 2024 -
Justin Sullivan via Getty Images
Meta’s payment plays may pay off this year: report
A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.
By James Pothen • March 20, 2024 -
Scott Olson via Getty Images
Fed banks analyze consumer use of card promos
New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.
By Tatiana Walk-Morris • March 20, 2024 -
Joe Raedle via Getty Images
Ballooning credit card balances loom over retail sales
The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.
By Daphne Howland • March 19, 2024 -
Courtesy of FuboTV
Nuvei forms committee to evaluate ‘strategic alternatives’
The Canadian payments company confirmed it’s in talks about a potential transaction with a third party, noting the committee will explore possibilities.
By Lynne Marek • March 18, 2024 -
Courtesy of Afterpay
Afterpay extends reach beyond apparel
The Block-owned buy now, pay later provider said its expansion is a response to younger consumers looking for new tools to manage inflation.
By Tatiana Walk-Morris • March 18, 2024 -
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Q&AFreedomPay doubles down on gateway focus
The company, which provides point-of-sale payments and other technology services to merchants, isn’t interested in handling acquiring, said President Chris Kronenthal.
By Caitlin Mullen • March 18, 2024 -
Retrieved from Business Wire on March 14, 2024
Fiserv searches for ‘tuck-in type’ deals
Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.
By Caitlin Mullen • March 15, 2024 -
Benson Ibeabuchi via Getty Images
OpinionFintech founder backs Google, Apple
“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.
By Kingsley Ezeani • March 15, 2024 -
Permission granted by John Kraft
Q&AACI CEO weighs in on FedNow, cross-border payments
The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.
By Lynne Marek • March 14, 2024
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