Retail: Page 4
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PayPal invests in AI startup Rasa
The investment is the first that the digital payments pioneer is making from its new artificial intelligence venture fund.
By Tatiana Walk-Morris • Feb. 20, 2024 -
Toast to cut 550 employees
The company’s CEO acknowledged during an earnings call that “we grew our team too quickly in some areas,” while reporting a presence in 106,000 locations as of the end of 2023.
By Lynne Marek • Feb. 16, 2024 -
Trendline
E-commerce drives digital payment advances
As e-commerce activity continues to climb, providers of digital payment tools are likely to keep evolving their online offerings.
By Payments Dive staff -
Global Payments may pare operations
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
By Lynne Marek • Feb. 15, 2024 -
BNPL popularity rises among ‘financially fragile’ consumers
About 60% of that group has used BNPL five or more times in the past year, compared to just over 20% of financially stable consumers, the New York Fed said.
By Caitlin Mullen • Feb. 15, 2024 -
Apple extends prepaid debit card reach
Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.
By James Pothen • Feb. 15, 2024 -
Q&A
Adyen eyes growth in North America
Davi Strazza, North America president at Adyen, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.
By Caitlin Mullen • Feb. 14, 2024 -
Bitcoin Depot expands footprint by 400 ATMs
The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.
By James Pothen • Feb. 14, 2024 -
PayPal’s Rabinovitch takes Worldpay CFO seat
Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company after a recent rocky history for the business.
By Grace Noto • Feb. 13, 2024 -
Card networks to implement gun code in California: report
Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.
By Caitlin Mullen • Feb. 12, 2024 -
Affirm takes cautious approach to six-month outlook
The buy now, pay later company’s forecast for the rest of the fiscal year was conservative, analysts said, even though revenue and merchandise volume jumped over the prior year during the holiday season.
By Caitlin Mullen • Feb. 12, 2024 -
Western Union, Euronet lean into digital growth
The cross-border payments companies are increasingly turning to digital services to drive growth in a market that is “a bare-knuckle street fight every single day.”
By Lynne Marek • Feb. 9, 2024 -
PayPal cost-cutting likely to persist
The digital payments pioneer’s expense reductions may take years to benefit the company’s bottom line as management resets the business strategy.
By Lynne Marek • Feb. 8, 2024 -
Card debt climbs to record $1.13 trillion
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
By Lynne Marek • Feb. 7, 2024 -
Fiserv CEO details special bank charter pursuit
The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.
By Caitlin Mullen • Feb. 7, 2024 -
Fiserv lands Uber, eBay as debit network clients
The payment processing giant has signed more than a dozen large e-commerce clients following the Federal Reserve’s clarification of the debit routing rule.
By Caitlin Mullen • Feb. 6, 2024 -
Why ‘pay-by-bank’ faces adoption hurdles in US retail
Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.
By Suman Bhattacharyya • Feb. 5, 2024 -
Opinion
Where will embedded payments flourish in 2024?
There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.
By Julio Gomez • Feb. 5, 2024 -
Aldi debuts Grabango checkout tech at Chicago-area store
The retailer is working with artificial intelligence startup Grabango to offer a faster payments option for the first time in the U.S. at a location just outside Chicago.
By Sam Silverstein , Lynne Marek • Feb. 2, 2024 -
Payments companies’ job cuts may not be done
PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.
By James Pothen • Feb. 2, 2024 -
BP adds new way to pay for fuel
Customers can redeem uChoose Rewards points for up to 50 cents off at about 7,000 of the gas company’s fueling locations.
By Jessica Loder • Feb. 2, 2024 -
Mastercard preps for China business
The card network is readying to offer Chinese consumers its card services domestically after winning approval last year for a joint venture in that country.
By Lynne Marek • Feb. 1, 2024 -
Blackhawk Network to buy Tango Card
Acquiring the digital rewards startup will bolster Blackhawk Network’s rewards platform, the gift card company said.
By Caitlin Mullen • Feb. 1, 2024 -
What’s ahead for payments in 2024
The industry faces more upheaval this year as legacy companies and upstart fintechs jockey for the upper hand, and regulators monitor the competition closely.
By Lynne Marek • Jan. 31, 2024 -
Colorado lawmakers seek to require gun code use
Democratic legislators in the state have introduced a bill that’s similar to the law California passed last year requiring use of a gun merchant category code.
By Caitlin Mullen • Jan. 31, 2024 -
PayPal to cut 9% of workforce to bolster efficiency
The digital payments company plans to cut about 2,500 jobs, according to multiple news reports, shrinking the company as it seeks to jump-start profitable growth.
By Lynne Marek • Jan. 30, 2024