Retail: Page 6

  • A sign is seen outside of an Amazon Go store at the Amazon.com Inc. headquarters on May 20, 2021 in Seattle, Washington.
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    David Ryder via Getty Images
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    Amazon now accepts EBT card payments

    The e-commerce giant began letting needy families shop on its website with their federal benefits cards earlier this month.

    By • Nov. 21, 2024
  • Shot of PayPal headquarters
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    Justin Sullivan via Getty Images
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    Deep Dive

    PayPal CEO pushes beyond payments

    After a year as CEO of the digital payments pioneer, Alex Chriss is spearheading an expanded role in commerce for the company.

    By • Nov. 20, 2024
  • Graphic of digital money transfer symbols overlaid on a map of the world Explore the Trendline➔
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    ArtemisDiana via Getty Images
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    Trendline

    Cross-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
  • Senator sitting in chamber holds up paper
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    Win McNamee via Getty Images
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    Senate grills Visa, Mastercard executives over swipe fees

    Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

    By • Nov. 19, 2024
  • A Klarna sign at a Charlotte Premium Outlets mall in Charlotte, N.C. on March 26, 2022.
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    Caitlin Mullen/Payments Dive, data courtesy of Industry Dive employee Caitlin Mullen
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    Google Pay adds Afterpay BNPL services

    Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.

    By • Nov. 19, 2024
  • Exterior of the state capitol of Illinois in Springfield, IL
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    rruntsch via Getty Images
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    State interchange fee legislation makes meager progress

    As Illinois fights to preserve its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with similar legislative proposals.

    By • Nov. 18, 2024
  • A picture of an Uber Mastercard
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    Courtesy of Uber
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    Mastercard aims to cancel manual card entry by 2030

    The card network has documented a spike in online fraud, and contends that numberless cards will reduce such wrongdoing.

    By Tatiana Walk-Morris • Nov. 15, 2024
  • Sen. Durbin grimaces at committee meeting.
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    Anna Moneymaker via Getty Images
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    Column

    Durbin gives credit card bill another Senate push

    Senate Democrat Dick Durbin is intent on pursuing the Credit Card Competition Act, and perhaps preserving his political future.

    By • Nov. 14, 2024
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    John Phillips via Getty Images
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    Klarna files for IPO

    The buy now, pay later company announced Tuesday it had filed confidentially with the Securities and Exchange Commission for an initial public offering.

    By • Nov. 13, 2024
  • Jared Isaacman standing in a corporate office.
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    Courtesy of Shift4
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    Will Shift4 scoop up Lightspeed?

    The acquisitive payments company could be a good fit with the Canadian point-of-sale technology provider, analysts said Monday.

    By • Nov. 11, 2024
  • Classic architecture details of a Bank building
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    Warchi via Getty Images
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    Q&A

    Open banking to move toward FDX standard

    Industry collaboration on open banking is likely to move forward, with or without the CFPB’s recent final 1033 rule, one Jack Henry executive said.

    By • Nov. 11, 2024
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    Permission granted by Adyen
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    Sponsored by Adyen

    The future of embedded finance and payments

    Savvy SaaS platforms increasingly seek growth not through user acquisition alone, but through service expansion and lifting average revenue per user.

    Nov. 11, 2024
  • Cyberattack and internet crime, hacking and malware concepts.
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    Techa Tungateja via Getty Images
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    Visa pinpoints rising fraud threats

    In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

    By Tatiana Walk-Morris • Nov. 10, 2024
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    Joe Raedle via Getty Images
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    Afterpay to arrive on 24M Cash App cards

    The digital payment company’s leader, Jack Dorsey, aims to create lending services that will appeal to millions of U.S. adults who haven’t had access to other forms of credit.

    By Patrick Cooley • Nov. 8, 2024
  • Person stands outside building in front of ATM with things in his hands and plastic bag at his feet, with two people walking by behind.
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    Niccolo Guasti via Getty Images
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    Remitly, Payoneer cross-border payments climb

    Payments volume soared for the money transfer fintechs during the third quarter. Meanwhile, revenue at legacy rival Western Union slipped.

    By • Nov. 8, 2024
  • Donald Trump stands against a backdrop of supporters.
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    Chip Somodevilla via Getty Images
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    How Trump’s administration may rework payments policies

    The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

    By Lynne Marek and Patrick Cooley • Nov. 7, 2024
  • Paze's logo is displayed on a smart phone.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images; Paze

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    Paze gets new leader amid slow start

    Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service. 

    By • Nov. 7, 2024
  • The exterior of the Fiserv Forum.
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    Daniel Boczarski via Getty Images
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    Q&A

    Fiserv exec opens up on Walmart, DoorDash partnerships

    Sunil Sachdev, Fiserv’s head of embedded finance, shed light on his company’s latest high-profile collaborations.

    By • Nov. 6, 2024
  • A graphic showing a photo of a mobile phone showing an open app. Text in the app says "Flexa" and "pay Sheetz $15.57" above a scannable code. Illustrations of a dollar bill and lightning bolt .
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    Permission granted by Flexa
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    Sheetz accepting crypto at all locations

    After a limited trial run, customers can now use several popular digital currencies to buy items at all of the East Coast retailer’s 750-plus locations.

    By Jessica Loder • Nov. 5, 2024
  • DOJ, Visa, antitrust lawsuit
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    hapabapa via Getty Images
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    Opinion

    DOJ’s Visa suit is unfounded

    The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.

    By Aurelien Portuese • Nov. 5, 2024
  • Mastercard point of sale, retail
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    Courtesy of Mastercard
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    Mastercard gains edge in ancillary services

    The card network is besting its larger rival Visa in the sale of cybersecurity and data services, at least according to one set of analysts who reviewed their recent results.

    By • Nov. 5, 2024
  • Close up of salesperson hands accounting, billing some goods for sale, finance concept.
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    unsplashed.com/Simon Kadula

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    Fiserv, Capital One, others invest $150M in Melio

    Some of the corporate investors are also partnering with the accounts payable and receivable company they’re backing.

    By Tatiana Walk-Morris • Nov. 4, 2024
  • A person uses a credit card to pay for a purchase on a computer
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    Poike via Getty Images
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    Opinion

    Is the FTC targeting chargeback service providers?

    “For better or for worse, applying pressure to payments organizations to ferret out bad-merchant actors seems to be an effective way for the FTC to make private industry police the merchant marketplace,” writes an industry lawyer.

    By Edward A. Marshall • Nov. 1, 2024
  • Customer spending rising due to inflation
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    Joe Raedle via Getty Images
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    5 payments predictions from research firm Forrester

    Cash use worldwide will drop significantly next year, despite its U.S. persistence, the research firm Forrester predicts. Meanwhile, business-to-business acquisitions in the payments realm will pick up.

    By Tatiana Walk-Morris and Lynne Marek • Nov. 1, 2024
  • Close up of easy payment by credit card or smartphone application Greenhouse workers selling pottered flowers.
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    whyframestudio via Getty Images
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    Global Payments sells AdvancedMD for $1.1B

    The payments processor divested the unit as part of a plan to streamline the company’s business, and it’s targeting more sales, CEO Cameron Bready said.

    By • Oct. 30, 2024
  • A person uses a red Bank of America ATM.
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    David McNew via Getty Images
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    BofA discloses CFPB probe of Zelle payments

    Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.

    By Caitlin Mullen • Oct. 30, 2024