Retail: Page 54
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Justin Sullivan / Staff via Getty Images
Big banks best fintechs in merchant satisfaction survey
Industry-wide efforts to streamline fee structures, improve customer support and speed up payments have merchants more satisfied with their card payment processors, a J.D. Power study found.
By Caitlin Mullen • Feb. 4, 2022 -
Retrieved from Nourish+Bloom on February 03, 2022
Retail startup links with UST for checkout tech
Checkout technology provider UST Global is partnering with Georgia retail startup Nourish + Bloom Market to launch an autonomous grocery store concept with a plan to open some 500 locations.
By Sam Silverstein • Feb. 3, 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 -
Dia Dipasupil via Getty Images
PayPal scraps account growth goal
The digital payments company shifted away from a plan to collect 750 million customer accounts by 2025, after reporting a fourth-quarter drop in profits and forecasting slower revenue growth this year.
By Lynne Marek • Feb. 2, 2022 -
Michael Ciaglo via Getty Images
Card companies count on travel recovery
Rising international travel late last year was a boon for card companies, until the omicron variant arrived. Now, Visa, Mastercard and the other card companies are just beginning to see positive signs of that cross-border travel recovery again.
By Lynne Marek • Jan. 28, 2022 -
Courtesy of Amazon
Amazon plans suburban stores with grab-and-go tech
Like Amazon's urban Go locations, the suburban stores — slated to open in Washington and California — will feature the e-commerce giant's Just Walk Out frictionless checkout technology.
By Sam Silverstein • Jan. 27, 2022 -
Al Bello via Getty Images
Walmart buys into 'super app' services
The retailer's fintech startup said it will buy earned wage access facilitator Even and digital financial services company One Finance to help Walmart sell consumers a financial services "super app."
By Lynne Marek • Jan. 27, 2022 -
Retrieved from Kaitlyn Fitzgerald, a spokesperson for Charlie Youakim on January 24, 2022
Zip eyes Sezzle purchase as BNPL players consolidate
Australian-based BNPL company Zip has been on an acquisition tear and its latest target is Minneapolis-based Sezzle. As the biggest BNPL players in the world seek to grow, they're on the hunt for smaller rivals.
By Lynne Marek • Jan. 26, 2022 -
JPMorgan buys 49% stake in Greek payments company
As the largest U.S. bank keeps up an acquisition spree begun last year, it agreed Tuesday to acquire a 49% stake in the Greek fintech Viva Wallets.
By Dan Ennis • Jan. 25, 2022 -
oatawa via Getty Images
San Francisco startups vie for checkout dominance
In the crowded checkout technology space, startups Bolt and Fast are competing to become the company known for making the process smoother and speedier.
By Caitlin Mullen • Jan. 25, 2022 -
Courtesy of American Express
American Express lays out new growth plan
Revenues last year were well above original expectations, Amex CFO Jeff Campbell said during a call with analysts, and that's "part of what emboldens us to launch our new growth plan."
By Caitlin Mullen • Jan. 25, 2022 -
Permission granted by Discover
Discover spends big to attract new cardholders
The card company’s marketing spend in the fourth quarter was up 70% over the same period last year, as it campaigned to attract new account holders.
By Caitlin Mullen • Jan. 20, 2022 -
pixelfit via Getty Images
Payments pros demand top dollar in talent war
It’s become a “candidates’ market” with companies desperate to hire or retain payments executives and offering up to 30% premiums to lure professionals in short supply.
By Lynne Marek • Jan. 20, 2022 -
Courtesy of Mastercard
Mastercard links with Instacart on new card
Mastercard has lined up two new partnerships this week, bringing its card benefits to the grocery store aisle as well as the NFT marketplace.
By Lynne Marek • Jan. 19, 2022 -
Courtesy of Walmart
Walmart signals crypto, NFT plans with trademark applications
While plenty of companies are eyeing digital asset technology, a potentially large push from the big-box retailer could go a long way in spurring mainstream consumer adoption.
By Peter Adams • Jan. 18, 2022 -
Bruce Bennett via Getty Images
Grocery co-op to pilot frictionless shopping tech
Retail cooperative Wakefern Food is conducting the test at a New Jersey location in conjunction with Israeli computer vision startup Trigo, which is making its U.S. debut with the partnership.
By Sam Silverstein • Jan. 18, 2022 -
NMI purchases IRIS to expand merchant services
With extensive venture capital infusions from three investment firms, NMI is making acquisitions to expand its payments reach.
By Lynne Marek • Jan. 18, 2022 -
Quinn Rooney / Staff via Getty Images
Settlement in Amazon-Visa dispute may be near
Amazon backed off a threat to stop taking Visa credit cards in the U.K. this week, as the two companies issued statements suggesting they'll avoid a pitched battle over "swipe" fees.
By Jonathan Berr • Jan. 18, 2022 -
Permission granted by PayPal Spokesman Joseph Gallo
Buy now-pay later demand hit U.S. high during holiday season
Consumer use of the new installment financing tool in the U.S. climbed to an all-time high in December, although heady growth rates are slowing, an analyst report said. In any case, overall market penetration remains low.
By Jonathan Berr • Jan. 14, 2022 -
Pierre Crom via Getty Images
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 -
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
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