Retail: Page 5

  • An digital sign for a purse, listing price and other color options, with a retail store in the background.
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    gorodenkoff via Getty Images
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    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 • Feb. 5, 2024
  • An image of a hand holding a smart phone with the DoorDash homepage.
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    Permission granted by DoorDash
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    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
  • Money next to hourglass Explore the Trendline➔
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    busracavus via Getty Images
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    Trendline

    Real-time payments are on the rise

    As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.

    By Payments Dive staff
  • Worker stands next to checkout counter at grocery store.
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    Lynne A Marek/Payments Dive
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    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 , • Feb. 2, 2024
  • Block Head Jack Dorsey testifies during a Senate Intelligence Committee hearing on Capitol Hill.
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    Drew Angerer via Getty Images
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    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 • Feb. 2, 2024
  • BP
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    Oli Scarff via Getty Images
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    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
  • Header image for "China's Economic Slowdown: What CFOs Should Know"
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    Getty Images via Getty Images
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    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 • Feb. 1, 2024
  • Different gift cards on sale at a store
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    The image by 401(K) 2012 is licensed under CC BY-SA 2.0
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    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
  • Woman paying contactless at the cash register.
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    iStock/lechatnoir

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    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 • Jan. 31, 2024
  • Rifles are shown in a gun store
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    Brandon Bell/Getty Images via Getty Images
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    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 sign outside in front of parking lot with cars in background.
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    Justin Sullivan via Getty Images
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    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 • Jan. 30, 2024
  • Dozens of self-checkout stations at a grocery store.
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    Catherine Douglas Moran/Payments Dive
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    Column

    Pardon the Disruption: Self-checkout needs a better strategy, not just better tech

    Contrary to recent reports, grocers aren’t pulling machines from their stores in droves. But they know there’s significant work to be done to improve the experience and reduce shrink.

    By Jeff Wells • Jan. 30, 2024
  • Person looks at mobile phone advertising buy now-pay later offer while online shopping
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    Creative via Getty Images
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    NY may drive out BNPL firms: attorneys

    If the state’s buy now, pay later legislation passes, new requirements piling on additional compliance burdens may lead some providers to pull their operations in New York, attorneys said. 

    By Caitlin Mullen • Jan. 30, 2024
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    Sara Samora/Payments Dive
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    Payments regulation and legislation abound in 2024

    Payments players can expect this year to be heavy with regulatory and legislative moves, both at the federal and state levels.

    By • Jan. 30, 2024
  • Visa cards are fanned out on table
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    Justin Sullivan / Staff via Getty Images
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    Visa debit payments growth slows

    The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.

    By • Jan. 29, 2024
  • Key on keyboard that says "Pay Now."
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    abdoudz via Getty Images
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    Mastercard, TCH to enhance RTP network

    The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said. 

    By Tatiana Walk-Morris • Jan. 29, 2024
  • American Express sticker on a window
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    Justin Sullivan via Getty Images
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    Customer demand ebbs for Amex

    Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.

    By Caitlin Mullen • Jan. 26, 2024
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    Creative via Getty Images
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    Rivals may chase Fiserv special bank charter lead

    If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.

    By Caitlin Mullen • Jan. 25, 2024
  • Alex Chriss, PayPal's next CEO
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    Permission granted by PayPal
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    PayPal floats service enhancements

    PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.

    By • Jan. 25, 2024
  • Closeup of a person's hands holding several credit cards.
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    Joe Raedle / Staff via Getty Images
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    Credit card delinquencies rise, especially for low-income earners

    Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report. 

    By Tatiana Walk-Morris • Jan. 24, 2024
  • A Klarna promotional sign is seen in a mall
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    Caitlin Mullen/Payments Dive
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    Klarna adds subscription plan

    With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.

    By Caitlin Mullen • Jan. 24, 2024
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Synchrony to buy Ally’s POS lending unit

    “This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.”

    By Rajashree Chakravarty • Jan. 23, 2024
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    Mark Wilson via Getty Images
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    Payments startups face pivotal year

    Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.

    By Caitlin Mullen • Jan. 23, 2024
  • Federal Reserve building in Washington, D.C.
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    Chip Somodevilla via Getty Images
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    Fed extends comment period on debit card fee proposal

    The Federal Reserve extended the time period during which it will accept public comments on its proposal to reduce the cap on debit card fees.

    By • Jan. 23, 2024
  • A photo of a Choice Market quick-drop unit.
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    Courtesy of Adroit Worldwide Media
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    Choice Market bets on automation for stores

    AWM will provide automated checkout technology to the Denver-based convenience retailer as part of plans for adding Mini-Mart c-stores nationwide.

    By Jessica Loder • Jan. 22, 2024
  • A person displays their open wallet and cards
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    Joe Raedle / Staff via Getty Images
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    Opinion

    Congressional card bill won’t yield benefit

    If it were to pass, the Credit Card Competition Act proposal would result in additional costs without any gains, argues one payments industry consultant.

    By Ken Musante • Jan. 22, 2024