Retail: Page 56
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Retrieved from Pexels on August 09, 2021
Mastercard sees holiday spending climbing
The card company expects overall retail spending and e-commerce sales during the year-end holiday season to rise this year compared to 2020, and take larger leaps over 2019 spending.
By Lynne Marek • Sept. 13, 2021 -
Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments kicks off $28B growth agenda
The Atlanta payments processor aims to drive $28 billion into acquisitions and other investments that will scale its business over the next four years.
By Lynne Marek • Sept. 9, 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 -
Jack Taylor / Stringer via Getty Images
Mastercard to buy CipherTrace crypto security company
Mastercard is buying the six-year-old company to better serve its customers' needs in understanding digital asset risks, thwarting fraud and complying with regulations.
By Lynne Marek • Sept. 9, 2021 -
Carl Court via Getty Images
PayPal agrees to buy Paidy for $2.7B
The digital payments titan said it's buying the Japanese company to expand its "capabilities, distribution and relevance" in the third-largest e-commerce market in the world.
By Lynne Marek • Sept. 8, 2021 -
Courtesy of Mastercard
Mastercard to buy European open-banking company Aiia
The Mastercard acquisition will allow the big card company to cross-sell digital banking and payment services between its U.S. and European markets.
By Lynne Marek • Sept. 7, 2021 -
Alex Wong via Getty Images
Amazon takes Visa battle to Australia
The online retail behemoth extended a surcharge to include Visa credit card transactions in Australia, and added an incentive nudging consumers there to ditch the cards.
By Lynne Marek • Sept. 3, 2021 -
Matt Cardy via Getty Images
Consumer spending on cards jumped in July, research firm says
The rate of U.S. consumer spending on credit and debit cards surged 21% in July compared to a year ago as Americans welcomed the summer months and a decline in coronavirus cases.
By Wendy Cole • Sept. 2, 2021 -
Permission granted by U.S. Bank
Competition for SMB payments clients heats up acquisitions
Some companies are buying up businesses that will help them cater to small and mid-sized clients, while others are getting out of the increasingly competitive arena.
By Lynne Marek • Aug. 31, 2021 -
Retrieved from Pexels on August 09, 2021
Amazon taps Affirm for installment financing
As Amazon explores payment options for its worldwide shoppers, it's turning to Affirm to test installment financing.
By Lynne Marek • Aug. 30, 2021 -
Justin Sullivan via Getty Images
InComm Payments, Doxo to offer cash bill payments in stores
The partnership will stretch services for cash payment of bills to some 60,000 retail locations nationwide.
By Tatiana Walk-Morris • Aug. 27, 2021 -
Courtesy of Klarna
Klarna tallies 20M US customers
The buy now-pay later company has doubled its American customer base in just over a year.
By Tatiana Walk-Morris • Aug. 25, 2021 -
LaylaBird via iStock
Fiserv strikes up a bevy of new partnerships
Fiserv has new ties to MovoCash, Selecta Group and Venmo that will allow it to keep expanding its digital payment services.
By Lynne Marek • Aug. 24, 2021 -
Ian Waldie via Getty Images
Deep DiveAnti-fraud niche in payments thrives as e-commerce climbs
Major payments players and fledgling upstarts alike are developing new tools to fight increasing fraud threats to their businesses.
By Mercedes Cardona • Aug. 23, 2021 -
Fox Photos via Getty Images
Consumer dissatisfaction with credit cards continues to rise
American Express still tops the latest J.D. Power national satisfaction rankings, but overall customer satisfaction with cards generally edged down.
By Wendy Cole • Aug. 19, 2021 -
Courtesy of Amazon
Senators raise privacy concerns about Amazon One
Senators Amy Klobuchar, Bill Cassidy and Jon Ossoff questioned the security of customer data and noted the palm payment tool technology raises additional anti-competitive concerns.
By Tatiana Walk-Morris and Cara Salpini • Aug. 18, 2021 -
Permission granted by PayPal Spokesman Joseph Gallo
PayPal drops BNPL late fees worldwide
The payments giant will soon get rid of the late fees on buy now-pay later transactions in the U.S., the United Kingdom and France, catching those regions up with other parts of the world where it didn't have them.
By Lynne Marek • Aug. 18, 2021 -
Courtesy of Matt Pedretti
Paysafe acquires SafetyPay for $441 million
The purchase, along with another recent acquisition, is allowing Paysafe to expand in the Latin American region.
By Tatiana Walk-Morris • Aug. 17, 2021 -
Courtesy of Early Warning Services (parent company of Zelle)
Zelle owner doubles down on marketing, targets older group
The digital payment network's owner, Early Warning Services, is trying to break through post-COVID competition for consumers' attention by demonstrating new use cases for the American family.
By Lynne Marek • Aug. 16, 2021 -
Megan Poinski/Payments Dive
Paypal, Venmo get into grocery stores
PayPal and Venmo have arrived in-store at their first grocery outlet, Giant Eagle, allowing that operator to accept their digital payment options at cash registers.
By Sam Silverstein • Aug. 13, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationBig bank, merchant groups weigh in on Fed rule clarification
Bank and merchant trade groups weighed in on the Fed's debit rule clarification at the 11th hour, digging in their heels in a long-time battle over whether to ease merchant access to increased debit transaction networks.
By Lynne Marek • Aug. 12, 2021 -
Retrieved from Pexels on August 09, 2021
ZenBusiness launches money-management app
ZenBusiness positions itself as a one-stop shop for small business needs, but big tech rivals are also aggressively courting such micro-entrepreneurs.
By Suman Bhattacharyya • Aug. 10, 2021 -
Courtesy of Amazon
Amazon strikes back at Visa fees with surcharge
Retail titan Amazon is taking on Visa by imposing a surcharge in one part of the world and leaving open the possibility of extending it elsewhere to fight what it calls "Visa's high cost of payments."
By Lynne Marek • Aug. 10, 2021 -
Jack Taylor / Stringer via Getty Images
Binance.US CEO resigns
Former regulator Brian Brooks is leaving the crypto exchange as the company faces scrutiny from the CFTC, Justice Department and IRS.
By Robin Bradley • Aug. 10, 2021 -
Courtesy of Tricia Harte
The convenience of buy now, pay later creates risks: Fitch
Fast underwriting, low credit barriers and lack of reporting are hallmarks of a fast-growing market for the credit services.
By Ben Unglesbee • Aug. 4, 2021 -
Courtesy of CashApp - Square
Square's Afterpay buy highlights BNPL craze
Afterpay's billion-dollar appeal hinges on a buy now-pay later craze that's attracting consumers, venture capitalists and competition worldwide.
By Lynne Marek • Aug. 4, 2021
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