Retail: Page 57
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Justin Sullivan via Getty Images
Andreessen Horowitz poaches Facebook digital wallet execs
Two executives who had been working on the Novi wallet project backed by Facebook will pivot to crypto investing for Andreessen Horowitz.
By Dan Ennis • Oct. 13, 2021 -
Mark Wilson via Getty Images
Paytech firms outside US gain ground
Payment technology companies based outside the U.S. were big venture capital winners during the third quarter as funding soared to a new record, according to a report from research firm CB Insights.
By Lynne Marek • Oct. 11, 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 -
Affirm, Sezzle buy now-pay later options arrive at Target
As the holiday season nears, the big retailer has tapped BNPL providers Sezzle and Affirm to give consumers more payment choices. The BNPL players are building their US profiles by gathering in more partners.
By Tatiana Walk-Morris • Oct. 8, 2021 -
Retrieved from Flickr/RikkisRefuge.
Rich payment startups target B2B market
Veem and Melio are among the fintechs bulging with new capital and taking aim at the small and mid-sized end of the trillion-dollar business-to-business payments market.
By Lynne Marek • Oct. 4, 2021 -
Retrieved from Flickr/frankieleon.
Card critics call for credit routing scrutiny
One merchant group has opened up a new front in the battle against Visa and Mastercard, calling for more federal antitrust scrutiny of credit card routing.
By Lynne Marek • Oct. 1, 2021 -
Courtesy of Square
Square, TikTok tie-up will deliver fans to sellers
As part of the new partnership, TikTok users will be able to link to Square sellers' sites by clicking on videos and ads.
By Tatiana Walk-Morris • Sept. 30, 2021 -
Justin Sullivan via Getty Images
Visa to add big new office in Atlanta
The card behemoth said some of its top executives will move to the new Atlanta office, set to open next year and eventually host 1,000 employees.
By Lynne Marek • Sept. 29, 2021 -
Courtesy of PayPal
PayPal's Happy Returns partners with Staples
With the latest agreement in a series of retailer ties, 75% of Americans will reside within 10 miles of a Happy Returns location.
By Tatiana Walk-Morris • Sept. 29, 2021 -
Courtesy of Mastercard
Mastercard to launch new BNPL service
Mastercard is teaming with some of the biggest companies in payments, including FIS, Synchrony, Barclays and Marqeta, to launch a new buy now-pay later service next year.
By Lynne Marek • Sept. 28, 2021 -
Courtesy of Toast Inc.
Toast raises $870M in IPO
Toast expects restaurants to increase technology spending to $55 billion by 2024, more than doubling the $25 billion spent in 2019.
By Julie Littman • Sept. 23, 2021 -
Retrieved from Mastercard annual SEC filing.
Mastercard Executive Chairman to exit
Mastercard's long-time leader Ajay Banga will retire at the end of the year, leaving the card company in the hands of new CEO Michael Miebach.
By Lynne Marek • Sept. 22, 2021 -
Retrieved from Clarissa Eyu on September 21, 2021
Airwallex raises $200M, targets US expansion
The Australian company's latest fundraising round was led by a U.S.-based venture firm, and it's setting its sights on U.S. expansion too.
By Lynne Marek • Sept. 21, 2021 -
Permission granted by Shipt
Visa taps Shipt for delivery offer
Target-owned Shipt is one of three new partners that card behemoth Visa lined up in a bid to offer new customer benefits.
By Catherine Douglas Moran • Sept. 21, 2021 -
Courtesy of Adyen
Payment industry racks up two more deals
The two latest deals continue to move the payments industry toward what is likely to be a record-breaking year in acquisitions.
By Lynne Marek • Updated Sept. 20, 2021 -
Retrieved from Kate Nesbit, PR person for CityBase. on September 17, 2021
U.S. cash payment kiosks rise despite digital age
Cities and utilities are making more use of the kiosks provided by vendors like CityBase to give consumers additional no-fee options for paying bills in cash.
By Lynne Marek • Sept. 17, 2021 -
Courtesy of Tricia Harte
BNPL benefits from venture capital haul
Buy now-pay later companies raised a record $1.5 billion in funding last year — a 42% increase over 2019 — across 20 major investments, according to a CB Insights Report.
By Wendy Cole • Sept. 16, 2021 -
Paul Morigi via Getty Images
Goldman Sachs to acquire BNPL lender GreenSky for $2.24B
The deal will connect some 10,000 merchants, mainly in the home-improvement category, to Goldman's consumer-banking arm and allow them to use buy now-pay later financing options.
By Robin Bradley • Sept. 15, 2021 -
Capital One beta-tests BNPL option, marking turnabout
Previously, the bank had barred customers last December from using its credit cards to clear buy-now-pay-later debt.
By Dan Ennis • Sept. 14, 2021 -
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 -
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
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