Retail: Page 46
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Michael M. Santiago via Getty Images
Card CEOs react to macroeconomic threats
Amid talk of a recession, executives with Visa, Mastercard, American Express and Discover are keeping a close eye on inflation, consumer demand and unemployment levels.
By Caitlin Mullen , Lynne Marek • July 29, 2022 -
Retrieved from Loves Furniture & Mattresses on January 11, 2021
ColumnCEOs Sound Off: Payments execs navigate economic turmoil
CEOs of three payments companies share how macroeconomic headwinds are affecting their businesses and how they’re seeing their firms through the uncertainty.
By Jonathan Berr • July 29, 2022 -
Explore the Trendline➔
ArtemisDiana via Getty Images
TrendlineCross-border payments targeted for upgrades
When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.
By Payments Dive staff -
Courtesy of Mastercard
Mastercard earnings get cross-border lift
“We will continue to watch the environment closely” and “be nimble in managing our expenses,” Mastercard CEO Michael Miebach said during a conference call with analysts.
By Caitlin Mullen • July 28, 2022 -
Chip Somodevilla via Getty Images
Durbin to lob bill at Visa, Mastercard
Sen. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S. credit card companies Visa and Mastercard with legislation aimed at increasing competition.
By Lynne Marek • July 28, 2022 -
Justin Sullivan via Getty Images
Visa's 3Q results defy recession talk
Visa’s fiscal third quarter results were buoyed by increased cross-border travel and consumer spending, with no signs of a recession in sight for the largest U.S. card company.
By Lynne Marek • July 27, 2022 -
Mark Wilson via Getty Images
Balance raises $56M for B2B payments
The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.
By Tatiana Walk-Morris • July 26, 2022 -
Courtesy of Amazon
Amazon opens a new wallet for sellers
The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.”
By Lynne Marek • July 26, 2022 -
Courtesy of Instacart
Grocery company Albertsons rolls out SNAP online payment
The company now offers the purchasing capability at five banners through its own platform as well as the Instacart app.
By Catherine Douglas Moran , Jeff Wells • July 25, 2022 -
Justin Sullivan / Staff via Getty Images
OpinionBlaming cards for high gas prices doesn't make sense, trade group argues
The leader of the Electronic Payments Coalition tells people looking to blame credit and debit card companies for higher gas prices to find a different scapegoat.
By Jeff Tassey • July 25, 2022 -
Scott Olson via Getty Images
Amex raises growth projections
The spending behaviors of American Express customers don’t suggest an economic downturn is imminent, CEO Steve Squeri asserted during Friday’s second quarter earnings call.
By Caitlin Mullen • July 22, 2022 -
Justin Sullivan / Staff via Getty Images
PayPal hands out stock to new workers
The digital payments pioneer is distributing shares of its beat-up stock to hundreds of new workers in a bid to hang onto employees after cutting others earlier this year. A spokesperson said the distribution was a “normal course” of action.
By Lynne Marek • July 22, 2022 -
Rostislav_Sedlacek via Getty Images
Payments funding, deal-making declines in Q2
Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.
By Lynne Marek • July 21, 2022 -
Khaosai Wongnatthakan via Getty Images
OpinionBNPL will evolve as providers tweak the model
“Challengers frequently believe BNPL 1.0 is what it is, and will not evolve,” writes Brian Shniderman, CEO of Opy, a U.S. subsidiary of Australian payments fintech Openpay. “But it can, and very recently, it has proven that it will.”
By Brian Shniderman • July 20, 2022 -
Courtesy of Klarna
Klarna to open Los Angeles pop-up shop
Located on Melrose Avenue, the buy now-pay later firm’s two-day shopping experience will showcase sustainable brands.
By Tatiana Walk-Morris • July 19, 2022 -
Courtesy of NBCUniversal
NBCU, Peacock create shoppable TV show using QR codes
Viewers of the show 'Love Island USA' will be able to shop featured products in every episode using scannable QR codes starting this week.
By Jessica Deyo • July 19, 2022 -
Courtesy of Meta
Instagram enables payments in chat
Meta-owned Instagram will allow users to make purchases from small businesses directly within messages sent in the app.
By Caitlin Mullen • July 18, 2022 -
TarikVision via Getty Images
Sponsored by Cybersource5 essential features to look for in an omnichannel commerce partner
An experienced commerce partner can help provide the technology needed to help merchants keep up.
July 18, 2022 -
Permission granted by Stripe
Stripe's valuation slashed as fintech rout continues
The company told employees Friday that its internal share price had fallen 27% to $29 from $40, The Wall Street Journal reported, citing unnamed sources.
By Jonathan Berr • July 15, 2022 -
Fin Costello/Redferns via Getty Images
SeatGeek taps Affirm for event BNPL
As inflation threatens consumers’ discretionary spending, event ticketing companies like SeatGeek could view the buy now-pay later option as an attractive way to bolster sales.
By Caitlin Mullen • July 15, 2022 -
Retrieved from Kaitlyn Fitzgerald, a spokesperson for Charlie Youakim on January 24, 2022
Zip ditches Sezzle BNPL buyout
The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.”
By Lynne Marek • July 12, 2022 -
David McNew via Getty Images
Mastercard reports consumer spending increase despite inflation
In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1% pace, excluding auto and gas expenditures, according to Mastercard.
By Jonathan Berr • July 11, 2022 -
Permission granted by Bolt
Bolt CEO says no need to raise more capital this year
After cutting about 30% of its workforce earlier this year, digital checkout startup Bolt is on a path to profitability within the next three years, said CEO Maju Kuruvilla.
By Caitlin Mullen • July 11, 2022 -
Chris McGrath/Getty Images Europe via Getty Images
How retailers are approaching cryptocurrency payments
Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.
By Dani James • July 8, 2022 -
Carol Highsmith. (2005). "The Apex Building" [Photo]. Retrieved from Wikimedia Commons.
Walmart lashes back at FTC over money-transfer lawsuit
In a fiery rebuttal to the Federal Trade Commission lawsuit last week, the nation’s biggest retailer is already doing battle in the court of public opinion.
By Lynne Marek • July 6, 2022 -
Retrieved from Lynne Marek on March 04, 2022
Wyre ties to new MoneyGram crypto-cash services
The crypto payment company that partners with digital wallet providers said it’s providing its 15 million end-users worldwide with the ability to load or cash out of digital currencies.
By Tatiana Walk-Morris • July 6, 2022
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