Retail: Page 45


  • Patrick and John Collison, Stripe co-founders
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    Permission granted by Stripe
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    Stripe chops workforce for ‘leaner times’

    The payments company will cut about 1,140 jobs as it reins in expenses in the face of deteriorating economic conditions after growing too fast.

    By Nov. 3, 2022
  • Amazon offers merchants cash advances

    Sellers on the company’s online marketplace can access from $500 to $10 million in cash advances, with repayment based on a fixed percentage of their gross merchandise sales. 

    By Tatiana Walk-Morris • Nov. 2, 2022
  • Lock and credit card showing security theme Explore the Trendline
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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 with shopping bag passes storefront window with Bitcoin sign
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    Chris McGrath/Getty Images Europe via Getty Images
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    MoneyGram dives deeper into crypto

    The money transfer company said it’s adding a new crypto feature to its mobile app, expanding on an attempt to appeal to a younger client set.

    By Tatiana Walk-Morris • Nov. 2, 2022
  • Phone in hand with 'pay' button showing
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    Tero Vesalainen via Getty Images
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    6 payments takeaways from big consulting firms

    Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends.

    By Caitlin Mullen , , Jonathan Berr • Nov. 2, 2022
  • Person holding out hand to make payment on device.
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    Courtesy of Square
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    Honeywell jumps into mobile payments battle

    The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market.

    By Nov. 1, 2022
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    Dan Kitwood via Getty Images
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    Deluxe aims to add crypto

    The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year.

    By Oct. 31, 2022
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    stock photo via Getty Images
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    Mastercard profit rises on consumer spending

    The company also credited cross-border travel, digital-first deals with banks and co-branding alliances for its performance during the quarter.

    By Jonathan Berr • Oct. 28, 2022
  • Person pulling a holiday gift out of a box.
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    kajakiki via Getty Images
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    Shoppers turn to installment payments for holidays: report

    Shoppers aim to stretch their budgets by trying installment payment plans and seeking discounts from retailers, according to a new report.

    By Tatiana Walk Morris • Oct. 27, 2022
  • Fiserv CEO Frank Bisignano
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    Eugene Gologursky / Stringer via Getty Images
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    Fiserv sheds Korea unit, plans move to Milwaukee

    After selling off three business units and taking other actions to “tighten spending” in the third quarter, Fiserv CFO Bob Hau expects cost improvement for the fourth quarter.

    By Caitlin Mullen • Updated Oct. 28, 2022
  • Several Visa cards spread out on surface revealing company's logo.
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    Justin Sullivan via Getty Images
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    Visa eyes 2023 growth, sidesteps threats for now

    “Should there be a recession, or a geopolitical shock that impacts our business...we will, of course, adjust our spending plans,” Visa’s CFO said.

    By Oct. 27, 2022
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    Anastasia Vlasova / Stringer via Getty Images
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    Ukraine raises fraud concerns, Stripe exec says

    The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight.

    By Suman Bhattacharyya • Oct. 26, 2022
  • brian wenzel
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    Permission granted by lisa lansperry
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    Synchrony delivers mixed results

    While the financial services company’s third-quarter income rose over the year-earlier period, net earnings sagged. Synchrony also increased credit loss provisions.

    By Jonathan Berr • Oct. 26, 2022
  • Discover Financial CEO Roger Hochschild
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    Retrieved from Discover Spokesman Robert Weiss on December 14, 2021
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    Discover tightens underwriting

    Count the card company among those that added to credit loss provisions in the third quarter as economic conditions soured.

    By Caitlin Mullen • Oct. 26, 2022
  • Screenshots of Amazon mobile app showing how to add venmo as payment option.
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    Courtesy of Amazon
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    Amazon rolls out Venmo payment option

    The e-commerce giant’s new payment method was first teased in an announcement from Venmo owner PayPal last year.

    By Dani James • Oct. 25, 2022
  • Credit Report Paper with Coffee
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    HATICE GOCMEN via Getty Images
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    CFPB seeks to jettison ‘junk data’ in credit reports

    Companies must have policies and procedures to detect and remove inconsistencies and “obvious impossibilities” in credit data, the CFPB said.

    By Anna Hrushka • Oct. 24, 2022
  • Person using a credit card
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    damircudic via Getty Images
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    Opinion

    BNPL for business is a high stakes proposition

    “As BNPL providers, especially in the business realm where more money is being spent, fintechs are going to need much more sophisticated, secure, reliable authentication methods,” writes Flexbase CEO Zaid Rahman.

    By Zaid Rahman • Oct. 24, 2022
  • Woman looks a gun she wants to buy
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    joe raedle/Getty via Getty Images
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    Ammo to launch its own online payments processing

    The Scottsdale, Arizona company said that bringing the payments aspect of transactions in-house, as opposed to using third parties, will allow it to reduce costs.

    By Jonathan Berr • Oct. 21, 2022
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    Mario Tama via Getty Images
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    Earnings preview: Payments companies confront 3Q challenges

    Macroeconomic headwinds, consumer health and cost management are set to be topics of conversation during payments companies' quarterly earnings calls.

    By Caitlin Mullen • Oct. 20, 2022
  • A photo of someone using a Mashgin self-checkout machine.
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    Permission granted by Mashgin
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    Advanced checkout tech surges at c-stores

    From self-checkout machines to checkout-free stores, the options for processing payments are expanding at retail venues. Here’s how retailers find the best fit.

    By Jessica Loder • Oct. 19, 2022
  • Consumer Financial Protection Bureau Director Rohit Chopra with his hand raised while speaking.
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    Win McNamee via Getty Images
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    CFPB sues Global Payments unit

    The Consumer Financial Protection Bureau sued Active Network, a unit of Global Payments, saying the company used “dark patterns” to unlawfully extract $300 million from consumers.

    By Oct. 19, 2022
  • Fiserv CEO Frank Bisignano
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    Ilya S. Savenok / Stringer via Getty Images
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    Analysts on lookout for Fiserv job cut costs

    With the company set to report third-quarter results next week, ongoing employee cuts have put severance expense under the microscope.

    By Caitlin Mullen • Oct. 18, 2022
  • PayPal logo depicted on a sign.
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    Sean Gallup via Getty Images
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    PayPal launches cash-back rewards program

    The digital payments pioneer is trying to rope in customers with rewards via a new loyalty program, just in time for the holiday shopping season.

    By Tatiana Walk-Morris • Oct. 18, 2022
  • PayPal's Zettle point-of-sale terminal
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    Permission granted by Grace Nasri
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    PayPal brings Zettle terminal to US

    After launching the new terminal in Europe last year, PayPal is offering the point-of-sale equipment now for small businesses in the U.S.

    By Tatiana Walk-Morris • Oct. 17, 2022
  • A contemporary artist guides a museum visitor through exhibits at an art gallery.
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    shironosov via Getty Images
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    Visa seeks to draw creators in

    The card behemoth is partnering with other fintechs in an effort to sell creators embedded payment and financial tools.

    By Oct. 14, 2022
  • Klarna payments.
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    Courtesy of Klarna
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    Affirm gains, Klarna slips in Q3

    As buy now-pay later providers vie for holiday shoppers, Affirm's third-quarter market share increase showed it's gaining as Klarna's growth stalled.

    By Caitlin Mullen • Oct. 14, 2022