Retail: Page 53
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Small businesses count on digital payments to drive growth
Most micro and small businesses surveyed by Visa said they expect new digital payment methods to help their enterprises grow this year, with almost a quarter saying they plan to accept digital currencies like Bitcoin this year.
By Caitlin Mullen • Jan. 13, 2022 -
Permission granted by Accrue Savings
Save-now, buy-later startup raises $25M
Amid the buy now-pay later buzz, fintech Accrue Savings is going a different route. CEO Michael Hershfield said Accrue is on a mission to encourage consumers to save.
By Caitlin Mullen • Jan. 13, 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 -
Alex Wong via Getty Images
Merchant group prods Fed on debit routing proposal
The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.
By Lynne Marek • Jan. 12, 2022 -
Justin Sullivan via Getty Images
Is there an expiration date on Visa's main growth engine?
One analyst thinks so. Mizuho Securities Analyst Dan Dolev, who has been covering Visa for about three years, downgraded his rating on the largest U.S. card network company because he expects time is running out on consumers converting from cash to cards.
By Lynne Marek • Jan. 11, 2022 -
Courtesy of Sam's Club
OpinionCard reward programs are the rising tide to lift all boats
The chairman of the Electronic Payments Coalition argues "Americans— regardless of income—love their credit card rewards programs." And the programs benefit consumers and merchants alike, he contends.
By Jeff Tassey • Jan. 11, 2022 -
Permission granted by Levy
Payments firms see slam dunk opportunity with sports venues
Digital payments players are charging into the sports and events space, bringing new technologies to arenas they say can improve the fan experience and unlock a trove of data.
By Caitlin Mullen • Jan. 10, 2022 -
Zhanna Hapanovich via Getty Images
Payments deals pile up in 2021
More than $50 billion in acquisitions were announced last year by companies in the payments arena. That wasn't a record, but it still ranked among one of the industry's busiest years for deal-making.
By Lynne Marek • Jan. 5, 2022 -
Tero Vesalainen via Getty Images
7 payments trends for 2022 as innovation climbs
From cross-border services to BNPL to cybersecurity tools, there will be no shortage of innovation and competition in the payments industry as businesses and their regulators shape new digital tools in the wake of the COVID-19 pandemic.
By Jonathan Berr , Caitlin Mullen , Lynne Marek • Jan. 4, 2022 -
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Payments firms raised record sums in 2021
It was a banner year for payments startups in 2021, as they raked in nearly $32 billion in investments, according to research firm CB Insights. This year could be even hotter.
By Caitlin Mullen • Dec. 28, 2021 -
Vaidik Trivedi
Community banks group launches lower-cost P2P option
Unlike other platforms, the new alternative to Zelle lets consumers send money over the platform of their choice.
By Jonathan Berr • Dec. 22, 2021 -
Courtesy of Tricia Harte
BNPL growth prompts change from credit bureaus
Paying in installments has become wildly popular, but many of these plans aren't reflected on consumers' credit reports. Credit agencies say adaptations are coming.
By Caitlin Mullen • Dec. 20, 2021 -
Astrid Stawiarz via Getty Images
Klarna extends BNPL to all online retailers
After acquiring the Dutch marketing software company Piggy, the Swedish buy now-pay later company is folding automatic couponing and price drop notifications into its offering and expanding the reach of its services.
By Tatiana Walk-Morris • Dec. 15, 2021 -
ViewApart via Getty Images
Gen Zers relied on buy now-pay later for holiday shopping. It's time to pay up.
Look up #Klarna, #Afterpay or #Affirm on the social media site TikTok. Beneath some of those BNPL provider hashtags are videos of teens dancing and lip syncing to viral sounds, with the balances they owe in the background.
By Maria Monteros • Dec. 15, 2021 -
Retrieved from Flickr/frankieleon.
Card industry faces $400B in fraud losses over next decade, Nilson says
Fraud-fighting efforts kept card industry losses at bay last year, according to Nilson Report, but the research firm says don’t expect the same when this year wraps up. "The decline in the dollar amount of fraud losses in 2020 will not be repeated in 2021," the report said.
By Caitlin Mullen • Dec. 14, 2021 -
alamy.com/Westend61 GmbH
Sponsored by CybersourceThree payments "resolutions" that no company can afford to skip
Learn the three payments "resolutions" that every company must make to ensure their customers never face a moment of friction at the check-out screen.
Dec. 13, 2021 -
Jeenah Moon via Getty Images
Microsoft shoppers get another BNPL option
Microsoft tapped Citizens Bank to offer its customers more options for spreading out their purchases as the buy now-pay later space becomes crowded.
By Caitlin Mullen • Dec. 10, 2021 -
Permission granted by Discover
Discover mulls more BNPL services
Discover Financial is brainstorming how to extend its buy now-pay later services beyond a partnership with Sezzle, CEO Roger Hochschild said at an investors' conference this week.
By Lynne Marek • Dec. 9, 2021 -
Courtesy of Facebook Messenger
Facebook Messenger tests split payments
Meta's Facebook is testing a split payments feature in its messaging app for U.S. users, though it's not clear when there will be a broader release.
By Tatiana Walk-Morris • Dec. 7, 2021 -
Courtesy of Afterpay
Buy now-pay later orders rise 34% in holiday season, Afterpay says
The company also said user spending online rose 30%, with more Gen Z shoppers using the service between Black Friday and Cyber Monday.
By Tatiana Walk-Morris • Dec. 6, 2021 -
CardX CEO Jonathan Razi testifies before the Colorado House Business Affairs & Labor Committee earlier this year. Retrieved from CardX on July 8.
Will Stax acquisition of CardX mean more surcharging?
With the Stax acquisition of CardX last week, the combined company plans to scale its mission of bringing surcharging tools to more merchants.
By Lynne Marek • Dec. 6, 2021 -
Steve Jennings via Getty Images
Diem co-creator Marcus to leave Facebook parent Meta
David Marcus, who has spent the past three years working on the social media giant’s stalled cryptocurrency project, Diem, said he is leaving the company at the end of the year to pursue other projects.
By Anna Hrushka • Dec. 2, 2021 -
Joe Raedle via Getty Images
Square takes a new moniker: Block
No sooner does Jack Dorsey arrive full-time at Square than the company decides it needs a new name. The corporate parent will become Block, but keep the Square brand for its digital payments business.
By Lynne Marek • Dec. 1, 2021 -
Permission granted by PayPal Spokesman Joseph Gallo
PayPal offers Wix merchants BNPL options
PayPal began offering Wix merchants in the U.S. its buy now-pay later and credit services last month for the first time. Wix merchants in the United Kingdom and France will also have access to the services in "coming months," the companies said.
By Lynne Marek • Dec. 1, 2021 -
vchal via Getty Images
Enterprises prepare for ransomware threats during Thanksgiving
Retail, transportation and other sectors are bracing for heightened cyber risks during the holiday, placing renewed pressure on security operations.
By David Jones • Nov. 24, 2021 -
RyanJLane via Getty Images
Deep DivePayment Choice Act wins bipartisan backing
New Jersey Democrat Rep. Payne is trying to preserve cash as a form of payment and collecting support across the aisle, even as the possibility of a U.S. digital dollar gains traction.
By Lynne Marek • Nov. 23, 2021
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