Retail: Page 61
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Payments industry deal-making mushrooms
The payments industry has accounted for the bulk of big fintech deals since the start of last year, charting eight combinations worth $23 billion, according to S&P Global Market Intelligence, which predicts the trend will march on.
By Lynne Marek • June 22, 2021 -
Thomas Lohnes via Getty Images
Fiserv, Deutsche Bank team up in German market
Fiserv and Deutsche Bank are locking arms to allow the German bank's business customers to accept payments through Clover, Fiserv's point of sale (POS) system.
By Lynne Marek • June 22, 2021 -
Explore the Trendline➔
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TrendlineTop 5 stories from Payments Dive
The digital evolution of payments is roiling the industry, forcing companies to rethink pricing schemes and revamp corporate strategies. Embedded payments, earned wage access, real-time systems and other innovations will transform the business.
By Payments Dive staff -
Courtesy of Amazon
Amazon's Prime Day becomes less special as competitors respond with their own deals
Amazon is destined to sell its own devices and collect new memberships, but competing sales from retailers make the event less attractive to consumers.
By Daphne Howland • June 21, 2021 -
Drew Angerer via Getty Images
PayPal to increase merchant fees in August
The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.
By Lynne Marek • June 20, 2021 -
Courtesy of Tricia Harte
Buy now-pay later drawbacks emerge for consumers, study says
The BNPL payment option has been gaining traction among users, yet many consumers in the U.S. consider it "financially risky," a new study says.
By Vaidik Trivedi • June 20, 2021 -
Scott Olson via Getty Images
Global Payments, CDK team to court car dealers
Companies are racing to sell a new generation of payment technology systems to auto dealerships.
By Lynne Marek • June 17, 2021 -
Courtesy of Megan Cheung
Visa pilots US merchant phone-tap system
The new payment option allows merchants to convert their android smartphones into POS systems to accept tap payments.
By Vaidik Trivedi • June 16, 2021 -
Retrieved from Mastercard annual SEC filing.
Mastercard shareholders back executive pay
Despite Institutional Shareholder Services urging shareholders to vote against the company's executive compensation proposal for Tuesday's annual meeting, stockholders gave a thumbs-up to pay that included former CEO Ajay Banga receiving a $27 million-plus package last year.
By Lynne Marek • Updated June 23, 2021 -
Mark Wilson via Getty Images
BNPL spending to swell to $995B globally by 2026, study finds
As consumers and merchants alike pivot to buy now-pay later options, money flowing through the channel is expected to quadruple by 2026, a Juniper Research study said.
By Vaidik Trivedi • June 15, 2021 -
Justin Sullivan / Staff via Getty Images
American Express outpaces rivals in digital satisfaction: J.D. Power study
Credit card apps experienced a rise in customer satisfaction as financial institutions innovated during the pandemic, according to the research.
By Anna Hrushka • June 14, 2021 -
Jack Taylor via Getty Images
Gig economy workers gravitating toward faster pay
The use of digital and mobile payments accelerated during the pandemic and gig economy workers expect to leverage them for better payments options, studies find.
By Vaidik Trivedi • June 14, 2021 -
Alex Wong via Getty Images
Discover reaps Marqeta IPO windfall
With its Marqeta stake now worth about $800 million, Discover Financial said it will "accelerate" increased spending on marketing in the highly competitive card market.
By Lynne Marek • June 14, 2021 -
Courtesy of Toast Inc.
Toast buys xtraChef for back-office payments and operations management
The acquisition will allow the point of sale (POS) company to offer insights into profitability by menu item, automation and intelligence tools to streamline tasks like accounts payable, managing inventory and tracking margins.
By Julie Littman • June 11, 2021 -
Astrid Stawiarz via Getty Images
Klarna raises $639M, eyes international expansion
Klarna, now with a $45 billion market valuation, aims to expand its global market share and in-store buy now-pay later options.
By Vaidik Trivedi • June 11, 2021 -
Justin Sullivan via Getty Images
Airbase raises $60M, aims for larger clients
Airbase plans to use the new capital to upgrade its products in a crowded expense management space.
By Vaidik Trivedi • June 9, 2021 -
Retrieved from Clair on June 10, 2021
Clair attracts $15M for its on-demand pay play
Clair is bolstering its resources as competition intensifies in offering employers and employees on-demand pay options.
By Lynne Marek • June 9, 2021 -
Justin Sullivan via Getty Images
Amazon card portfolio up for grabs with bids from AmEx, Synchrony
JPMorgan Chase, the nation's largest bank, may reportedly be ready to part with the Amazon portfolio it has worked with since 2002.
By Dan Ennis • June 9, 2021 -
Courtesy of Gemini
Gemini acquires Shard X, seeking to bolster crypto transactions and custodian security
Cryptocurrency exchange and custodian platforms like Gemini are ramping up security measures as the digital asset class is gaining popularity among users and fraudsters alike.
By Vaidik Trivedi • June 8, 2021 -
H. Armstrong Roberts via Getty Images
Walmart makes cash payment options more efficient
The retailer in August will start offering a faster cash payment option at 4,000 locations to customers paying monthly bills, through its partnership with financial tech partners PayNearMe and Green Dot.
By Lynne Marek • June 8, 2021 -
Vaidik Trivedi
'Super-apps' are the next evolutionary step for financial services
As transactions are increasingly digitized, financial service providers are vying to create "super-apps" that connect consumers to a bevy of financial services.
By Vaidik Trivedi • June 7, 2021 -
Courtesy of Visa
Consumer spending changes likely to stick, Visa says
For better or worse, some of the pandemic-triggered behavioral changes, like more online purchasing and digital payments, are likely to outlast COVID, a top executive for the company said.
By Lynne Marek • June 3, 2021 -
Courtesy of Leticia Resende
DLocal raises $75M in IPO, spearheads emerging markets
DLocal aims to expand in emerging markets because "strong cross-border business partnerships between global merchants and service providers are important and will continue to gain importance," DLocal COO Sumita Pandit told Payments Dive.
By Vaidik Trivedi • June 3, 2021 -
Courtesy of Brain Ruby
Certegy aims to counter rivals with white label offering
Certegy is taking aim at competing buy now-pay later market players with its new product, as customer adoption of that BNPL financing option grows.
By Vaidik Trivedi • June 2, 2021 -
Justin Sullivan via Getty Images
Visa's results show rising consumer demand
The card giant's May performance released Tuesday underscores the economic recovery that economists have been predicting.
By Lynne Marek • June 2, 2021 -
Courtesy of SpotOn
SpotOn raises $125M to keep up battle against Toast, Square
"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."
By Lynne Marek • June 1, 2021
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