Retail: Page 35

  • People milling in front of an FIS conference booth
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    Lynne Marek/Payments Dive, data from Industry Dive employee Lynne Marek
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    Worldpay spin-off hands FIS mixed bag

    The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.

    By • May 18, 2023
  • Several workers walking out of the front of PayPal offices
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    Justin Sullivan via Getty Images
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    PayPal considers Xoom sale: report

    The digital payments company is considering a sale of its Xoom cross-border business, The Information reported, citing an unnamed source.

    By • May 17, 2023
  • Lock and credit card showing security theme Explore the Trendlineâž”
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    NatalyaBurova via Getty Images
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    Trendline

    Embedded payment tools make inroads

    Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.

    By Payments Dive staff
  • credit cards
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    Joe Raedle via Getty Images
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    Card debt weighs on consumers

    First-quarter credit card balances jumped 17% over the same period last year, according to New York Fed data.

    By Caitlin Mullen • May 16, 2023
  • Catch cofounders Nico Perdomo and Denia Ebersole
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    Permission granted by Catch
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    Catch chases in-store opportunity

    Currently focused on e-commerce, Catch seeks to bring its ACH payment option into stores. 

    By Caitlin Mullen • May 15, 2023
  • Calistoga, California, that’s vulnerable to high winds and fire could switch to power held in a long-duration energy storage system.
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    David McNew / Stringer via Getty Images
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    Discover pursues ESG goals

    The card company this week issued a new report on the environmental, social and corporate governance aspects of its business and its aspirations.

    By Tatiana Walk-Morris • May 12, 2023
  • A photo of someone's hand using Amazon One palm-scanning technology to enter a store.
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    Courtesy of Amazon
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    Convenience chain adds Amazon palm pay

    Energy Mart is the second convenience store chain to install the palm-scanning technology that’s also being used in sports arenas and Amazon’s own brick-and-mortar retail locations.

    By Jessica Loder • May 11, 2023
  • Max Levchin is the ceo of Affirm
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    Drew Angerer/Getty via Getty Images
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    Affirm, FICO to create BNPL credit-scoring model

    The “first-of-its-kind” model will enable buy now, pay later loans to be factored into lending decisions, Affirm’s CEO said.

    By Caitlin Mullen • May 10, 2023
  • Marqeta CEO Simon Khalaf
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    Permission granted by Jordan Fellows
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    Marqeta to cut workforce by 15%

    The card-issuing fintech plans to dismiss about 150 employees in an effort to become profitable. It aims to reduce annual costs by as much as $45 million.

    By • May 10, 2023
  • Grocery shoppers buying wine at a self-checkout station
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    Jovanmandic via Getty Images
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    What does the buy now, pay later boom mean for food retailers?

    As more shoppers turn to short-term loans to buy groceries, there may be a shift in how people think about paying for essential goods, experts say.

    By Sam Silverstein • May 10, 2023
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    Chip Somodevilla via Getty Images
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    Senators call out banks on card late fees

    A group of lawmakers asked the CEOs of large credit card issuers to explain their late fee practices.

    By Caitlin Mullen • May 9, 2023
  • Person on laptop and holding brown box
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    Phiromya Intawongpan via Getty Images
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    Payoneer hunts for acquisitions

    Payoneer is considering acquisitions that could extend product offerings or expand its footprint in emerging markets.

    By Caitlin Mullen • May 9, 2023
  • PayPal CEO Dan Schulman sitting and gesturing with his hand.
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    Eugene Gologursky via Getty Images
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    PayPal growth driven by Braintree

    PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.

    By • May 9, 2023
  • Person uses phone to handle financial transaction
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    Chainarong Prasertthai via Getty Images
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    Green Dot braces for profit margin pressure

    Green Dot expects profit margins to be squeezed in coming quarters after the exit of some clients last year.

    By Caitlin Mullen • May 8, 2023
  • Shopify bag logo and name. in front of a brick wall.
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    Courtesy of Shopify
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    Shopify cuts 20% of workforce

    The e-commerce platform’s cuts announced Thursday affect about 2,300 jobs, based on the company’s most recent headcount.

    By Nate Delesline III • May 5, 2023
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    Joe Raedle via Getty Images
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    Block boosts compliance spending to $160M

    Square parent Block is increasing compliance spending on personnel and software this year.

    By Caitlin Mullen • May 5, 2023
  • CFPB Director Rohit Chopra
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    Chip Somodevilla via Getty Images
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    Battle ensues over CFPB proposal to cap late fees

    Supporters and opponents of the CFPB’s proposal to cap late fees at $8 clashed in comments to the agency in recent weeks.

    By • May 5, 2023
  • Chargebacks911 Monica Eaton
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    Courtesy of Chargebacks911
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    Chargebacks911 appoints new CEO

    The promotion for the company’s COO and founder comes as the returns management firm faces regulatory scrutiny over its business practices. 

    By Tatiana Walk-Morris and Lynne Marek • May 3, 2023
  • Diagram of FedNow payments
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    Federal Reserve. "FedNow Instant Payments". Retrieved from FRB Services.
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    Jack Henry preps clients for FedNow

    The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.

    By Caitlin Mullen • May 3, 2023
  • Large desktop computer stands on a desk with a computer monitor. The monitor shows a video game with soldiers attacking. There is a keyboard, mouse and headphones on the desk as well.
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    mikkelwilliam via Getty Images
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    Andreessen Horowitz partners spy payments play

    Gaming, cannabis and telehealth are some of the “high-risk” niches that would benefit from more vertical-specific payments software, two partners for the firm contend.

    By • May 3, 2023
  • A person types on a computer with omni-commerce images over top
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    Blue Planet Studio via Getty Images
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    Finix takes aim at processor incumbents

    Now certified as a processor, Finix seeks to take on legacy and fintech rivals.

    By Caitlin Mullen • May 3, 2023
  • Person uses a phone to pay with credit card
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    Sitthiphong via Getty Images
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    Fiserv arms vendors with text payment tool

    Payment processor Fiserv this week began broadly offering a new tool that lets merchants text customers for payment.

    By Caitlin Mullen • May 2, 2023
  • A photo of a woman using Walmart + rewards at the gas pump.
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    Courtesy of Walmart
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    Walmart, Kroger eye instant payments

    The giant retailers eagerly await instant payment system possibilities, especially as an alternative to card payments, according to industry professionals who heard their representatives speak recently.

    By • May 1, 2023
  • A hero image tied to Klarna's mobile app redesign showcasing its new features
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    Courtesy of Klarna
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    Klarna overhauls mobile app

    The buy now, pay later company has rolled out an AI-powered shopping feed, along with tools for creators, a personal shopping assistant and new resell capabilities.

    By Aaron Baar • May 1, 2023
  • Global Payments CEO Jeff Sloan
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    Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
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    Global Payments to replace CEO

    CEO Jeff Sloan will step down June 1 and be replaced by the payment processor’s president and chief operating officer, Cameron Bready.

    By Caitlin Mullen • May 1, 2023
  • Convenience store interior
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    Courtesy of Standard AI
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    Q&A

    Will frictionless checkout ever take off in retail?

    Standard AI CEO Jordan Fisher acknowledged that the technology has “been a really hard market to start growing,” but believes it will expand alongside other AI-driven innovations.

    By Sam Silverstein • April 28, 2023