Retail: Page 65
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Retrieved from Teampay on June 18, 2021
Teampay, Mastercard launch digital-first spend management card
Teampay is partnering with Mastercard to provide a numberless debit card that can generate a 16-digit card number on-demand for individual transactions. The companies created the card to bring corporate users some of the same tech tools available to consumers.
By Vaidik Trivedi • Updated June 18, 2021 -
Courtesy of LISNR press kit
Ultrasound payment authentication platform LISNR looks to raise capital, partners with Shuttl
Backed by Visa, the company has raised $40 million since its 2012 inception and will continue to fund its growth in the payments authentication landscape, LISNR's CEO Eric Allen told Payments Dive.
By Vaidik Trivedi • March 22, 2021 -
Explore the Trendlineâž”
1401461124 via Getty Images
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 -
Permission granted by Stripe
Stripe faces building pressure for a go-public strategy
Stripe's Irish co-founder brothers will be balancing management, investor and banker views in deciding the best path to fund the company's future.
By Lynne Marek • March 22, 2021 -
Visa's debit card business comes under scrutiny from DOJ's antitrust division
The Department of Justice's antitrust division has in recent weeks begun a civil investigation into Visa's debit card processing practices, the Wall Street Journal reported.
By Lynne Marek • Updated March 19, 2021 -
Courtesy of Mastercard
Mastercard, Liberty Tax team up to expedite stimulus payments
"Prepaid cards help to bring more people into the digital economy and offer an added level of convenience, with funds available faster and eliminating the need to cash a check," a Mastercard spokesperson said.
By Vaidik Trivedi • March 19, 2021 -
Courtesy of Riot Games
Mastercard partners with Riot Games, fans use cards for in-game transactions
Players who use a Mastercard credit or debit card, and keep the card on file linked to their account, are automatically entered in sweepstakes for in-game currency.
By Matt Thibault • March 18, 2021 -
Iven, William. (2014). [Photograph]. Retrieved from Pixabay.
Digital wallets users to exceed 4.4B globally by 2025, study finds
The pandemic will increase the number of digital wallet users and double the amount they spend to nearly $10 trillion annually by 2025, a research study says.
By Vaidik Trivedi • March 17, 2021 -
andresr via Getty Images
Merchant trade groups press legislative action against Visa, Mastercard
Trade groups representing retailers and other merchants aren't letting Visa and Mastercard off the hook, even after the companies pulled back this week on a previously planned fee increase next month.
By Lynne Marek • March 17, 2021 -
Mastercard, Visa to postpone some fee increases next month
Bowing to pressure from the White House and Congressional Democrats, the credit card companies won't increase expenses for merchants and consumers who are still coping with the pandemic.
By Lynne Marek • March 16, 2021 -
Mobile wallet industry to reach $3.5 trillion by 2023, report finds
Western countries are behind in adopting the technology, but the pandemic accelerated the digital transformation of payments, according to a report from Finaria.
By Tatiana Walk-Morris • March 12, 2021 -
Courtesy of Verizon
Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation
The startup has established both a digital wallet as well as a rewards system and numberless credit card.
By Anthony Epling • March 12, 2021 -
Courtesy of Sonic Drive-In
New car tipping app arrives for Sonic carhops
The new tipping option, which Sonic customers requested, is being rolled out systemwide by the end of 2021.
By Alicia Kelso • March 11, 2021 -
Courtesy of Dosh
Why Cardlytics acquired fintech Dosh for $275M
With Dosh, Cardlytics gets access to a younger user base, a roster of fintech clients and a toolset to launch new cash back reward offerings in weeks instead of months.
By Suman Bhattacharyya • March 10, 2021 -
JPMorgan to pull Chase Pay from merchant apps, sites March 31
The bank announced in 2019 it would shut down the platform's stand-alone app. Merchant acceptance — about 1% in 2019 — has paled in comparison to competitor Apple Pay's 40%.
By Robert Freedman • March 10, 2021 -
"Aloha Stadium: USC @ Hawaii. Photo taken by Bobak Ha'Eri. September 3, 2005" by Bobak Ha'Eri / Wikimedia Commons is licensed under CC BY 3.0
Shift4's acquisition of VenueNext paves way for payments in sports, entertainment
"We're in a position ... to go and literally displace almost every one of the software players" in the sports and entertainment market, Shift4 CEO Jared Isaacman said during the Wolfe Research fintech conference.
By Lynne Marek • March 10, 2021 -
Kings of Leon releases new album as a 'non-fungible token'
NFTs, a part of a crypto uptick in the music industry, let musicians see royalties for album sales much faster than with traditional royalty payments, Yellowheart CEO Josh Katz said.
By Anthony Epling • March 9, 2021 -
PayPal to acquire digital asset firm Curv
The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.
By Andy Burt • March 9, 2021 -
Credit card debt cut by $83B in 2020, study finds
Consumer frugality dropped the country's overall credit card tab under $1 trillion, but spending picked up again in Q4 and Americans are likely to be back to their old habits soon, data firm WalletHub found.
By Lynne Marek • March 9, 2021 -
Mint, Shiba. (2020). "A physical 24 carat gold-plated copper depiction of 10 Dogecoins". Retrieved from Wikimedia Commons.
Dallas Mavericks to accept crypto Dogecoin to buy tickets, merchandise
Critics contend the move to accept "joke coins" is a mistake, and the cryptocurrency's instability may harm consumers.
By Anthony Epling • March 8, 2021 -
Deep Dive
Can banks win in the booming buy-now-pay-later space?
While BNPL represents a relatively small niche of the payments ecosystem, banks should take note of what the growth of that silo says about the next generation of consumers, one consultant said.
By Anna Hrushka • March 8, 2021 -
Stimulus payments fuel surge in ACH transactions
Nacha, which governs the ACH network, recently announced its plans to increase the same day transfer limit from $100,000 to $1 million, effective March 18, 2022.
By Ted Jackson • Updated April 6, 2021 -
59% of US shoppers see Amazon Go as a threat to Walmart, Kroger, study finds
Stores similar to Amazon's cashierless convenience locations appeal to more than half of U.S. consumers, according to a Piplsay survey.
By Catherine Douglas Moran • March 3, 2021 -
Courtesy of Klarna
Payments startup Klarna raises $1B in funding, hits $31B valuation
The funding makes it the highest-valued private fintech in Europe and the second-highest globally, according to the company.
By Tatiana Walk-Morris • March 2, 2021 -
Auto retailer HGreg to accept cryptocurrency for purchases
The company is one of the first auto groups to accept this form of payment, joining a growing host of companies willing to demonstrate their confidence in crypto.
By Anthony Epling • March 2, 2021 -
:Weatherman1126. (2007). "Logo of The Goldman Sachs Group, Inc." [Image]. Retrieved from Wikipedia Commons.
Walmart's fintech startup poaches 2 Goldman executives
The retailer looks to use its scale in the retail space "to deliver tech-driven financial experiences tailored to Walmart's customers and associates."
By Dan Ennis • March 1, 2021
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