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

Blaming 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

Explore the Trendline➔

Digital wallets proliferate as features advance

As more companies aim to offer digital wallets the rise in competition is sharpening their features.  

By Payments Dive staff

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

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

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

BNPL 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

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

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 Hammers • July 19, 2022

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

5 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

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

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

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

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

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

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

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

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

ABG settles lawsuit with Bolt

With the settlement, the brand licensing company has acquired a stake in the online checkout startup.

By Caitlin Mullen • July 6, 2022

From a payments CEO: 5 discriminatory behaviors that need to go

“Until the industry addresses this blatant lack of advocacy for women in leadership, it will continue to foster a culture where women can’t thrive,” says Stax CEO Suneera Madhani.

By Suneera Madhani • June 30, 2022

Self-checkout terminal sales jump: report

Cashless systems are growing in popularity, with the sale of self-checkout terminals expected to surge 50% to 300,000 annually by 2027, according to an industry research firm.

By Tatiana Walk-Morris • June 29, 2022

FTC sues Walmart over money transfer services

The federal agency said Tuesday that the big retailer allowed money transfer fraud that “fleeced customers out of hundreds of millions of dollars.”

By Lynne Marek • June 29, 2022

There's cheaper gas if you pay with cash

About a third of convenience stores are now giving a discount to consumers who pay for gas with cash, according to the results of a retailer survey issued this week.

By Jonathan Berr • June 29, 2022

Fundbox nudges SMBs to shift strategies in face of inflation

The San Francisco-based provider of credit and payment solutions to small businesses recently announced partnerships with both card network Visa and payment processing platform Stripe.

By Grace Noto • June 28, 2022

Wagestream jumps into US on-demand pay fray

With $175 million in recently raised capital, the British new entrant in the U.S. earned wage access arena is setting lofty goals for expansion.

By Lynne Marek • June 28, 2022