Retail: Page 37


  • Man putting apple juice into an Amazon Dash Cart
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    Courtesy of Sarmishta Ramesh
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    Amazon paytech added to Whole Foods stores

    Eleven of the specialty grocery chain’s locations in Colorado are now equipped with Amazon One technology, the e-commerce giant’s palm-based frictionless checkout option.

    By Peyton Bigora • April 11, 2023
  • Visa Tap to Phone is available in 15 markets for contactless payments for Android.
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    Courtesy of Visa
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    Visa forges new tie to PayPal

    Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

    By April 11, 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
  • Person uses credit card to make online bet
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    andresr via Getty Images
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    Pavilion Payments plots growth

    The gaming payments service provider, previously part of processor Global Payments, aims to increase business by investing in technology and more staff.

    By Caitlin Mullen • April 11, 2023
  • The curved banner of a Walmart store, the brand name in white letters and the characteristic yellow sunburst logo to the right, against a blue sky.
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    Daphne Howland/Payments Dive
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    Walmart sues Capital One to end credit-card deal

    Capital One failed to meet standards outlined in the contract, such as issuing replacement cards and promptly processing payments and posting transactions, Walmart alleged.

    By Anna Hrushka • April 10, 2023
  • Sezzle CEO Charlie Youakim
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    Permission granted by Sezzle
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    Profile

    Sezzle CEO embraces company’s underdog status

    Charlie Youakim, co-founder of the buy now, pay later company, said the company has defied the odds in carving its own path. “Every step is a little bit unusual,” he said.

    By Caitlin Mullen • April 10, 2023
  • Person taps credit card at payment terminal
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    Mykola Pokhodzhay via Getty Images
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    North American Bancard taps Virtualitics’ AI tech

    The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

    By Tatiana Walk-Morris • April 7, 2023
  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe’s growth slows

    In an annual letter, the digital payments darling’s co-founders acknowledged a “significant deceleration” in payment volume for 2022 and a tougher environment for startups. 

    By Caitlin Mullen • April 6, 2023
  • bob lee, cpo of mobilecoin
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    Retrieved from Moby on April 05, 2023
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    Cash App founder dead after stabbing, police say

    No arrests have been made in the Tuesday morning death of Bob Lee, the chief product officer at crypto firm MobileCoin, police said.

    By Gabrielle Saulsbery • April 5, 2023
  • Ticket purchasing using PayPal
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    Courtesy of PayPal
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    PayPal expands tie with Live Nation

    The digital payments pioneer, facing more competition in the checkout space, this week announced moves to serve large corporate customer Live Nation and small businesses.

    By Caitlin Mullen • April 5, 2023
  • bitcoin ATM
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    Retrieved from Coinhub.
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    7-Eleven, Circle K ramp up bitcoin ATMs

    The retailers are partners with Coinhub, which is bringing about 1,000 machines to convenience stores around the country.

    By Brett Dworski • April 5, 2023
  • Person uses a flight booking website
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    scyther5 via Getty Images
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    ConnexPay takes aim at bigger rivals

    The payments gateway startup, which handles acquiring and issuing, is positioning itself as a nimbler competitor to the likes of Stripe and Wex.

    By Caitlin Mullen • April 4, 2023
  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    Deep Dive

    EWS readies Paze to help banks take on digital wallet market

    Even with the backing of the nation’s largest banks, the platform, set for a June launch, will have adoption and security hurdles to overcome to grab a slice of the digital wallet market, industry experts say.

    By Anna Hrushka • April 3, 2023
  • Index Ventures Partner Mark Fiorentino
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    Permission granted by Index Ventures
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    Q&A

    Index Ventures partner talks fintech fundraising

    An investor at a VC firm that’s backed payments players Adyen, Plaid and Wise says it’s the right environment “to craft interesting deals.” 

    By Caitlin Mullen • March 31, 2023
  • Person pays using phone to tap point-of-sale device with cup of coffee sitting on table.
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    Cecilie_Arcurs via Getty Images
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    Synchrony mulls creating a digital wallet

    The private label card company behind many retailers’ credit options may develop its own digital wallet, but for now it’s deferring to others’ wallets.

    By March 29, 2023
  • Two Apple iPhone 14 models
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    Courtesy of Apple
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    Apple rolls out initial BNPL service

    The tech giant delivered an initial version of its long-awaited buy now, pay later service for select U.S. users, with plans for a broader launch later this year.

    By March 29, 2023
  • CFPB Director Rohit Chopra speaks in front of the House Financial Services Committee.
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    Anna Moneymaker via Getty Images
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    Senators urge BNPL crackdown

    Three Democratic U.S. senators pressed the Consumer Financial Protection Bureau to bring big buy now, pay later providers under federal oversight.

    By Caitlin Mullen • March 28, 2023
  • An image of a red scooter with a DoorDash bag on it.
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    Permission granted by DoorDash
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    DoorDash to offer SNAP online purchasing for grocery orders

    Offering the payment option will reduce accessibility barriers to getting groceries, as well as boost convenience for SNAP users, DoorDash said.

    By Catherine Douglas Moran • March 28, 2023
  • Online business payments
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    Sitthiphong via Getty Images
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    Credit card spending topped $13T last year: FIS report

    Global credit card transaction value rose both online and in stores last year, despite an earlier FIS projection of a decline. 

    By Tatiana Walk-Morris • March 28, 2023
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
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    Creative via Getty Images
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    BNPL remains mainly absent from consumer credit histories

    The lack of BNPL data being furnished to credit bureaus more than a year after inclusion efforts were announced points to the complexity involved with fitting the burgeoning payment method into the traditional credit scoring framework.

    By Caitlin Mullen • March 27, 2023
  • Person with finger on a phone perusing consumer goods
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    oatawa via Getty Images
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    Tandym adds retailers for rewards programs

    The private label digital credit card company is stacking up online retail customers, with plans to add debit options and in-store clients this year.

    By March 27, 2023
  • Person placing credit card into machine at gas pump.
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    Justin Sullivan/ via Getty Images
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    CFPB seeks to improve credit card transparency

    The agency wants to give consumers more information from credit card issuers so that it’s easier to compare the cards’ offers, especially their interest rates.

    By Tatiana Walk-Morris • March 24, 2023
  • In front of a fruit display, a hand holds a phone with a grocery app open.
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    alexsl via Getty Images
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    Buy now, pay later explodes in grocery

    The percentage of online transactions involving groceries where shoppers opted to delay payment grew 40% during the first two months of 2023, according to Adobe data.

    By Sam Silverstein • March 23, 2023
  • A customer scans his palm with an Amazon One device at a Panera cafe.
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    Courtesy of Panera
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    Panera tests Amazon One palm payments at 2 cafes

    Panera plans to expand the palm payments technology to as many as 20 cafes in the second stage of the test, depending on the outcome of the initial test.

    By Aneurin Canham-Clyne • March 22, 2023
  • A photo of a person using a Bitcoin Depot bitcoin ATM.
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    Permission granted by Bitcoin Depot
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    Convenience chain to install bitcoin ATMs

    GetGo joins a growing list of convenience store operators adding bitcoin ATMs, as retailers seek new ways to bring customers inside their stores.

    By Brett Dworski • March 22, 2023
  • An image of a DoorDash app allowing for cash payments on delivery
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    Permission granted by DoorDash
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    DoorDash adds cash payment option

    The company’s white label delivery service can now accept cash payments, which drivers would collect as part of their pay.

    By Julie Littman • March 21, 2023