Retail: Page 53

  • Afterpay logo on a phone screen
    Image attribution tooltip
    Courtesy of Afterpay
    Image attribution tooltip

    Afterpay releases designer NFTs

    The buy now-pay later company will donate all proceeds from the collection to the nonprofit Free Arts NYC.

    By Dani James • Aug. 24, 2022
  • Entrance to CFPB building
    Image attribution tooltip
    The image by Ted Eytan is licensed under CC BY-SA 2.0
    Image attribution tooltip

    CFPB spotlights payments risks

    The Consumer Financial Protection Bureau is “carefully monitoring” payments innovations and risks they pose to consumers, the agency said in a report.

    By Caitlin Mullen • Aug. 22, 2022
  • Creative image with coins jumping from one phone to another. Explore the Trendlineâž”
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    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
  • A man carrying orange bags with the word Grubhub on the side.
    Image attribution tooltip
    Courtesy of Grubhub
    Image attribution tooltip

    Grubhub offers BofA cardholders loyalty program perk

    The delivery company is working with outside companies to expand its reach by offering limited free membership in its GrubHub+ loyalty program.

    By Julie Littman • Aug. 19, 2022
  • Cash dollars lying on the ground
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Payments fundraising slows down in Q2: PitchBook

    Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

    By Tatiana Walk-Morris • Aug. 19, 2022
  • Close-up image of cash and credit cards
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Credit card alternatives rise

    Consumers are pulling back on use of their primary credit cards in favor of other payment methods, according to a survey from J.D. Power.

    By Caitlin Mullen • Aug. 18, 2022
  • A Western Union sign
    Image attribution tooltip
    Sean Gallup via Getty Images
    Image attribution tooltip

    Western Union, Paymentus CFOs depart

    The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

    By Elizabeth Flood • Aug. 18, 2022
  • Walmart Connect app
    Image attribution tooltip
    Courtesy of Walmart
    Image attribution tooltip

    Walmart eyes payments opportunities

    With PayPal’s former CFO on board, the retail behemoth is assessing its prospects in the payments arena near and far.

    By • Aug. 18, 2022
  • Restaurant diners eat outside
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Restaurant gift card sales dip

    Restaurant gift card sales for the first half of this year were down about 2% over the period last year, according to software provider Paytronix.

    By Caitlin Mullen • Aug. 17, 2022
  • Jason Gardner, Marqeta
    Image attribution tooltip
    Courtesy of Marqeta
    Image attribution tooltip

    Marqeta executive exodus follows IPO

    Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

    By Jonathan Berr , • Aug. 17, 2022
  • A doctor holding tablets of medicine explains options to a patient in a hospital room.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Paysign aims to grow prepaid card services for drugs

    Paysign aims to boost its prepaid card services for consumers shouldering the high cost of pharmaceuticals by offering drugmakers transparent pricing for such services.

    By Joe Burns • Aug. 16, 2022
  • Business owner uses tablet to manage inventory in deli
    Image attribution tooltip
    alvarez via Getty Images
    Image attribution tooltip

    Circular Board, Mastercard unveil small business card

    As a slew of fintechs try to capture small business customers, Circular Board’s Hello Alice brand is targeting entrepreneurs from marginalized backgrounds.

    By Tatiana Walk-Morris • Aug. 16, 2022
  • Individual holding its hand under Amazon One's palm recognition payment method at a Whole Foods Market checkout counter
    Image attribution tooltip
    Courtesy of Sarmishta Ramesh
    Image attribution tooltip

    Whole Foods expands use of Amazon One paytech

    After rolling out the bio-authentication and payment technology to a handful of stores earlier this year, the grocery chain will add it to 65 locations in California.

    By Peyton Bigora • Aug. 15, 2022
  • A smartly-dressed male auto sales representative is showing a digital tablet to a young Black couple in a car showroom.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Auto dealers tap U.S. Bank for real-time payments

    U.S. Bank is using The Clearing House’s real-time payments system to offer auto dealers the option for speedier delivery of loan funding.

    By Tatiana Walk-Morris • Aug. 12, 2022
  • Woman standing behind counter and cash register serves ice cream cone.
    Image attribution tooltip
    Permission granted by Lynne Marek
    Image attribution tooltip

    Toast gets growth spurt in restaurant payments

    The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

    By • Aug. 11, 2022
  • A closeup up a car dashboard with a a driver's hand. A phone is on a mount to the right of the steering wheel.
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Green Dot battles Uber, loses contracts

    Green Dot disclosed in its recent quarterly report that it’s in a dispute with ride-share company Uber over their agreements. It also noted its failure to renew contracts with several other customers.

    By • Aug. 11, 2022
  • A person's hand holding a phone and on the screen is an image of a shopping cart with a banner above that says "BUY NOW PAY LATER!A
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    BNPL faces headwinds from rising rates, inflation: Fitch

    Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

    By Debbie Carlson • Aug. 10, 2022
  • Person pushing Target shopping cart
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    Consumer spending rises despite inflation: Mastercard

    While card issuers are bracing for economic headwinds, consumer spending has continued to rise recently, including for apparel, jewelry and travel.

    By Tatiana Walk-Morris • Aug. 8, 2022
  • Sen. Durbin grimaces at committee meeting.
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip
    Column

    Let the credit card battle begin

    Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

    By • Aug. 8, 2022
  • Hand with phone showing Visa card image passes a hand holding another phone
    Image attribution tooltip
    Courtesy of Megan Cheung
    Image attribution tooltip

    Visa, Mastercard react to Pornhub ruling

    The two card companies took action against an advertising entity tangled up in a California lawsuit against the pornography website, which the plaintiff alleges illicitly posted images of her when she was a teenager.

    By • Aug. 5, 2022
  • Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Block pulls back on expenses

    The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.

    By Caitlin Mullen • Aug. 5, 2022
  • Rear view personal perspective of diverse executive team video conferencing with male CEO and discussing data.
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    Payments companies swap out CFOs

    Amid macroeconomic pressures, FIS, PayPal, MoneyGram and Shift4 all appointed new CFOs this week. The trend may also mean they’re paying more for them.

    By Caitlin Mullen • Aug. 5, 2022
  • closeup of hands holding smartphone in cafe
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    FIS extends tie with Chargebacks911 to fight fraud

    The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud.

    By Jonathan Berr • Aug. 5, 2022
  • Gucci storefront.
    Image attribution tooltip
    The image by Achim Hepp is licensed under CC BY-SA 2.0
    Image attribution tooltip

    Gucci expands crypto payment options to ApeCoin, Euro Coin

    More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.

    By Tatiana Walk-Morris • Aug. 4, 2022
  • A customer using Amazon One to pay
    Image attribution tooltip
    Courtesy of Amazon
    Image attribution tooltip

    FIS reduces 2022 outlook

    The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

    By • Aug. 4, 2022
  • Young businesswoman talking to business partners
    Image attribution tooltip
    Getty Images
    Image attribution tooltip

    B2B drives Q2 payments growth: Nacha

    Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

    By Tatiana Walk-Morris • Aug. 3, 2022