Retail: Page 55
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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 -
choness via Getty Images
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 -
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 -
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 -
Ethan Miller via Getty Images
Albertsons expands smart cart pilot
The carts act like self-checkout machines, with the computer vision system and barcode-scanner logging the products a customer tosses into the cart.
By Jeff Wells • Updated May 20, 2022 -
Poike via Getty Images
Stripe CFO Suryadevara draws on challenges as GM CFO
Suryadevara has ventured into unfamiliar business terrain before, becoming GM treasurer with little prior knowledge of the role.
By Jim Tyson • Nov. 18, 2021 -
Courtesy of Amazon
Will Amazon's war of words with Visa backfire?
Consumers may not tolerate fewer payment options from Amazon, an analyst says. Still, Amazon may be willing to risk angering customers as it pressures Visa and other payment providers to reduce their transaction costs.
By Jonathan Berr • Nov. 18, 2021 -
Oli Scarff via Getty Images
Amazon takes battle against Visa to UK
The move by the e-commerce behemoth Amazon to reject U.K. Visa cards is putting pressure on Visa to lower card transaction fees worldwide.
By Lynne Marek • Nov. 17, 2021 -
Courtesy of Mastercard
Mastercard expects holiday sales to be jolly for merchants
Finding a deal this holiday season will be a challenge for consumers as retailers grapple with shortages, Mastercard says.
By Jonathan Berr • Nov. 16, 2021 -
Mark Wilson via Getty Images
Podium raises $201 million, eyes expansion
After entering the payments business last year, the company says it’s on pace to process about $1 billion in transactions this year.
By Lynne Marek • Nov. 16, 2021 -
Courtesy of Peloton
Affirm reports better outlook, sidesteps Peloton question
The BNPL payments company provided a brighter sales and revenue forecast for the fiscal year, but it skirted a question about the impact of a gloomier outlook at its long-time big customer Peloton.
By Lynne Marek • Nov. 11, 2021
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