Retail: Page 6
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Visa debit payments growth slows
The card network reported a slowdown in U.S. payments growth in recent months, attributing the drag partly to new competition in online debit transactions.
By Lynne Marek • Jan. 29, 2024 -
Mastercard, TCH to enhance RTP network
The extended partnership between the two companies “focuses on co-development of new real-time payments capabilities,” a spokesperson for The Clearing House said.
By Tatiana Walk-Morris • Jan. 29, 2024 -
Trendline
Real-time payments are on the rise
As the U.S. makes a move to encourage use of real-time payments, it’s following other nations in adopting the real-time advance.
By Payments Dive staff -
Customer demand ebbs for Amex
Cardholders’ spending on airline tickets in particular decelerated during the fourth quarter, American Express CFO Christophe Le Caillec said Friday.
By Caitlin Mullen • Jan. 26, 2024 -
Rivals may chase Fiserv special bank charter lead
If the payments giant receives a special Georgia charter and gains access to the card networks, it could open the floodgates for other merchant acquirers, attorneys said.
By Caitlin Mullen • Jan. 25, 2024 -
PayPal floats service enhancements
PayPal this year plans to roll out the “biggest changes in a decade” to its pioneering payments tool in a bid to better serve merchants and customers.
By Lynne Marek • Jan. 25, 2024 -
Credit card delinquencies rise, especially for low-income earners
Credit cards balances, auto loans and high rents are straining low-income consumers’ limited budgets, the New York Fed details in a new report.
By Tatiana Walk-Morris • Jan. 24, 2024 -
Klarna adds subscription plan
With an IPO on the horizon, the BNPL firm is offering customers a subscription service for $7.99 per month.
By Caitlin Mullen • Jan. 24, 2024 -
Synchrony to buy Ally’s POS lending unit
“This wasn’t a scaled business for Ally, but on our side, this is absolutely a scaled business,” Synchrony CEO Brian Doubles said Tuesday. “This is exactly the type of acquisition that we look for.”
By Rajashree Chakravarty • Jan. 23, 2024 -
Payments startups face pivotal year
Many venture-dependent startups that put off fundraising will be forced to do so this year or find an exit plan.
By Caitlin Mullen • Jan. 23, 2024 -
Fed extends comment period on debit card fee proposal
The Federal Reserve extended the time period during which it will accept public comments on its proposal to reduce the cap on debit card fees.
By Lynne Marek • Jan. 23, 2024 -
Choice Market bets on automation for stores
AWM will provide automated checkout technology to the Denver-based convenience retailer as part of plans for adding Mini-Mart c-stores nationwide.
By Jessica Loder • Jan. 22, 2024 -
Opinion
Congressional card bill won’t yield benefit
If it were to pass, the Credit Card Competition Act proposal would result in additional costs without any gains, argues one payments industry consultant.
By Ken Musante • Jan. 22, 2024 -
Credit card surcharge bills lurk in state legislatures
The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.
By Lynne Marek • Jan. 19, 2024 -
Payments M&A poised to rise this year
Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.
By Caitlin Mullen • Jan. 18, 2024 -
Visa picks fintech startups for accelerator
A debt repayment app startup and a small business lender are among the U.S. startups selected by the card network and its partner this year.
By Tatiana Walk-Morris • Jan. 17, 2024 -
Amazon, Andreessen Horowitz seek exemptions on proposed CFPB rule
The e-commerce giant and investment firm asked for carve-outs for Amazon Pay and non-fungible tokens, respectively.
By James Pothen • Jan. 17, 2024 -
Opinion
X gains money transmitter approval in Utah
X has been collecting money transmitter approvals in recent months to launch peer-to-peer payments in the app.
By Andrew Hutchinson • Jan. 17, 2024 -
PayPal elicits skepticism from analysts
Analysts have soured on PayPal’s prospects, at least for now, noting competition is encroaching on the payment pioneer’s turf as a new CEO tries to make gains.
By Lynne Marek • Jan. 16, 2024 -
Fiserv seeks special purpose bank charter
The designation would allow the payment processor to own transactions from end-to-end, removing the need for a bank partner.
By Caitlin Mullen • Jan. 12, 2024 -
Payments M&A in 2023 amounts to a whimper
October’s uptick in activity didn’t continue through the remainder of the year, capping a quiet year for merger and acquisition activity in payments.
By Caitlin Mullen • Jan. 12, 2024 -
Column
States race ahead of US lawmakers in payments
State lawmakers and regulators are out-running their national peers in giving direction to the fast-evolving payments industry.
By Lynne Marek • Jan. 12, 2024 -
Amazon brings cashierless tech to hospitals
After opening automated stores on college campuses and in sports stadiums, the tech giant is moving into healthcare facilities.
By James Pothen • Jan. 11, 2024 -
Convenience retailer Maverik taps Relay’s fuel payment tech
The Salt Lake City-based convenience store retailer joins Yesway and Pilot in implementing Relay’s contactless purchasing platform.
By Brett Dworski • Jan. 11, 2024 -
Visa debuts Web3 loyalty program
As the card network behemoth ventures into the Web3 experience, some firms are scaling back there.
By Tatiana Walk-Morris • Jan. 10, 2024 -
California’s DFPI fines Credova $50K
The buy now, pay later provider catering to gun sellers didn’t inform consumers of potential convenience fees, the state agency said.
By Caitlin Mullen • Jan. 10, 2024