Retail: Page 49


  • Small business owner talks on phone while standing at register
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    gorodenkoff via Getty Images
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    PayPal launches small business credit card

    The digital payments company is targeting small business owners as they seek credit financing and loans.

    By Tatiana Walk-Morris • June 28, 2022
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    Courtesy of Bed Bath & Beyond
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    Bed Bath & Beyond adds BNPL option

    The retailer said its buy now-pay later option, Welcome Pay, allows customers to pay for purchases in four payments.

    By Caroline Jansen • June 27, 2022
  • Graphic of digital money transfer symbols overlaid on a map of the world Explore the Trendline
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    ArtemisDiana via Getty Images
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    Trendline

    Cross-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
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    Khaosai Wongnatthakan via Getty Images
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    BNPL faces tough economic challenges

    Evidence suggests that BNPL borrowers are increasingly having trouble paying off their loans, based on a report from one analyst who follows the U.S. buy now-pay later provider Affirm.

    By Jonathan Berr • June 27, 2022
  • PayPal logo depicted on a sign.
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    Sean Gallup via Getty Images
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    PayPal changes up its pricing

    In a move that could increase or decrease charges for merchants, the company said it aims to better distinguish between personal and commercial payments on its system.

    By June 24, 2022
  • A person's hand types on a keyboard while the other hand holds a credit card.
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    Poike via Getty Images
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    EVO Payments finds deals harder to come by, CEO says

    EVO Payments has grown over the past decade through dozens of acquisitions, but it’s not so eager to buy now.

    By Jonathan Berr • June 23, 2022
  • Models for Alo Yoga wearing red apparel.
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    Permission granted by Alo Yoga
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    Alo Yoga accepts crypto payments, allows crypto paychecks

    The direct-to-consumer lifestyle brand is betting big on Web3 technology, although U.S. data suggest minimal usage of crypto for purchasing goods.

    By Dani James • June 22, 2022
  • Mastercard image of two interlocking circles and a horizon seen through them.
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    Courtesy of Mastercard
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    Mastercard expands sonic branding with 'Priceless' album

    The multi-artist album, a first-time marketing move by the card company, features original songs that incorporate Mastercard’s brand sound.

    By Chris Kelly • June 22, 2022
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    Drew Angerer via Getty Images
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    Mastercard shareholders reject ghost guns proposal

    A shareholder who is also a state official and candidate for Congress urged the card giant’s board to issue a report related to untraceable guns, but the proposal didn’t win enough support to pass at the company’s annual meeting.

    By Caitlin Mullen • June 22, 2022
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    NicoElNino via Getty Images
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    Opinion

    Friendly fraud: How should fintechs view the risks?

    With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes.

    By Sarah Mirsky-Terranova • June 21, 2022
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    designer491 via Getty Images
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    Discover eyes benefits of downturn

    As smaller fintechs grapple with restructuring challenges, the card company expects there will be more opportunities for it in hiring talent and acquiring businesses.

    By Caitlin Mullen • June 21, 2022
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    Courtesy of Walmart
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    Walmart, Roku partner to evolve shoppable streaming ads 'beyond the QR code'

    The mega-retailer is the exclusive partner on a new Roku feature that allows people to purchase products by clicking on ads with their remote.

    By Peter Adams • June 17, 2022
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    ChakisAtelier via Getty Images
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    Opinion

    Card fees: the price hike nobody is talking about

    "The Visa-Mastercard duopoly controls about 80% of the market share, allowing them to raise fees indiscriminately and with no formidable opposition," contends Doug Kantor, general counsel for the National Association of Convenience Stores.

    By Doug Kantor • June 17, 2022
  • The exterior of the Consumer Financial Protection Bureau building
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    The image by Ted Eytan is licensed under CC BY-SA 2.0
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    CFPB urges standardization in BNPL credit reporting

    The agency isn’t pleased about the three big credit reporting bureaus taking different approaches to tracking consumer data for buy now-pay later financing.

    By Updated June 17, 2022
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    ROBIN WORRALL/Unsplash.com

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    Samsung debuts a new digital wallet with crypto

    The new wallet will store IDs, cards and crypto, giving the South Korean company more leverage to compete with digital payment apps from tech giants Apple and Google.

    By Tatiana Walk-Morris • June 16, 2022
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    Fahroni via Getty Images
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    Startup Metropolis snags $167M to scale

    Metropolis Technologies, which uses computer vision and machine learning for parking payments, plans to use the funding to scale, aiming to hire 500 workers by the end of the year.

    By Caitlin Mullen • June 15, 2022
  • A man carrying orange bags with the word Grubhub on the side.
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    Courtesy of Grubhub
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    Grubhub adds instant pay option for delivery drivers

    Food delivery company GrubHub will make an instant payout option available to its couriers, with an assist from PayPal and Visa, so drivers can deposit earnings to a debit card.

    By Alicia Kelso • June 15, 2022
  • PayPal phone app for purchases
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    Permission granted by PayPal Spokesman Joseph Gallo
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    PayPal expands BNPL payment options

    PayPal is making a bigger move into buy now-pay later financing as competitors in that arena multiply. It will now offer a new monthly payment plan targeted at bigger purchases.

    By June 15, 2022
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    choness via Getty Images
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    Payments startups still gaining value, for now

    Payments companies “led the pack in valuation increases” and had the biggest average increase in valuation, according to S&P Global Market Intelligence.

    By Jonathan Berr • June 14, 2022
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    Kevin Dietsch via Getty Images
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    PayPal strives to improve checkout

    The company aims to improve the checkout experience for both merchants and consumers, with new services being tested this year, CEO Dan Schulman said.

    By June 13, 2022
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    Rostislav_Sedlacek via Getty Images
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    Chip cards rise 10% last year to 12B globally

    That figure was the annual increase tallied this week by EMVCo as part of its work to streamline payment protocols for merchants and improve the security of their transactions.

    By Tatiana Walk-Morris • June 10, 2022
  • A man in shadow looks at his mobile device near a lit up Apple logo.
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    Drew Angerer/Getty via Getty Images
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    Apple joins BNPL boom

    Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.

    By Jonathan Berr • June 7, 2022
  • Mashgin self-checkout terminal in Circle K store
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    Courtesy of Mashgin
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    Circle K owner rolls out computer-vision checkout units

    Alimentation Couche-Tard, which operates locations under the Circle K and Couche-Tard banners, plans to deploy Mashgin's technology across North America and Europe over the next three years.

    By Sam Silverstein • June 6, 2022
  • American Express CEO Steve Squeri
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    Screenshot

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    Amex isn't afraid of inflation

    American Express CEO Steve Squeri is bullish on his cardholders' financial health and the broader economic situation, saying Thursday he expects inflation to moderate in 2023.

    By Caitlin Mullen • June 3, 2022
  • A consumer pays by tapping the phone to a point-of-sale device.
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    Chainarong Prasertthai via Getty Images
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    Block offers Apple tap-to-pay for merchants

    Block wants to attract more business clientele as fintech firms experience economic volatility. Offering tap-to-pay on the iPhone advances that goal.

    By Tatiana Walk-Morris • June 3, 2022
  • Smart phone showing multiple payment apps.
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    Vaidik Trivedi

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    Economic pressures stress payment fintechs

    PayPal, Klarna and Bolt have chopped their workforces in the face of mushrooming macro-economic pressures, suggesting a potential fintech shakeout in the offing.

    By June 2, 2022