Retail: Page 69
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Courtesy of American Express
It's CardX versus AmEx at state capitols nationwide
The startup CardX is fighting American Express from coast to coast as states reassess whether merchants should be able to slap surcharges on credit card purchases.
By Lynne Marek • July 15, 2021 -
Retrieved from Intuit spokeswoman Clare Nordstrom on July 15, 2021
Intuit's new Quickbooks card-reader joins the POS payments fray
With the debut of new payments hardware, the accounting software company is bolstering its bid for small business clients amid a slew of competitors.
By Tatiana Walk-Morris • July 15, 2021 -
Explore the Trendlineâž”
Getty Images
TrendlineEmbedded payment tools make inroads
Business customers demanding integrated tools is likely to keep driving a trend toward more embedded payments tools.
By Payments Dive staff -
Justin Sullivan via Getty Images
Visa rolls out BNPL for merchants
The credit card network company is making the new installment payment option available to merchants in Canada, where buy now-pay later adoption has been growing fast.
By Vaidik Trivedi • July 13, 2021 -
Scott Olson via Getty Images
Sam's Club expands Scan & Go payment app
The updated app lets shoppers scan purchases, pick a payment option and ship them directly to their homes.
By Maria Monteros • July 13, 2021 -
Jack Taylor / Stringer via Getty Images
CBDCs could give 'clean slate' for cross-border payments, BIS report says
Global coordination for central bank digital currency "designs could lead to more efficient cross-currency and cross-border payments,” the Bank for International Settlements report this week said.
By Vaidik Trivedi • July 13, 2021 -
Sean Gallup via Getty Images
Merchants say they're losing revenue to online fraud, FIS report finds
Six in ten merchants across the globe reported higher rates of e-commerce fraud in 2020 and are struggling to cope with rising payments fraud that impacts business revenue, a recent FIS report stated.
By Vaidik Trivedi • July 12, 2021 -
Permission granted by Bolt
Sponsored by BoltThe end of guest checkout is here
The rapid growth of the shopper network is leading to the rise of independent retailers.
July 12, 2021 -
Rick T. Wilking via Getty Images
Colorado scraps ban on credit card surcharges
Colorado is the latest state to allow surcharges on credit card transactions, leaving only two with bans amid a nationwide move away from them.
By Lynne Marek • July 9, 2021 -
Christopher Furlong via Getty Images
U.S. retail sales jumped 11% in June over last year, Mastercard says
Consumer spending and travel is picking up, reaching or exceeding pre-pandemic levels in certain retail sectors, a Mastercard report shows.
By Vaidik Trivedi • July 8, 2021 -
Chip Somodevilla via Getty Images
Fed weighs debit transaction rule clarificationClash over debit card routing persists in comments to Fed
A battle running for decades regarding the fees that card processors can charge on debit transactions is showing up again in comments regarding a Federal Reserve proposal to clarify rules on the issue.
By Lynne Marek • July 8, 2021 -
Courtesy of Splitit/Jenny Volanakis
Splitit enables in-store BNPL payments with Apple Pay, Google Pay
The Australian company is adding the new in-store digital wallet payment options as it looks to compete in the increasingly crowded U.S. market.
By Vaidik Trivedi • July 7, 2021 -
Dan Kitwood via Getty Images
Binance.US hires ex-leader of California's 'mini-CFPB'
Manny Alvarez is joining Binance.US after leaving the California Department of Financial Protection and Innovation. He will oversee risk, compliance and legal developments at the company under Binance.US CEO Brian Brooks, who formerly led the Office of the Comptroller of the Currency.
By Dan Ennis • July 7, 2021 -
Oli Scarff via Getty Images
Crypto exchange Binance responds to Barclays move to halt payments
The crypto exchange said Barclay's decision to block U.K. consumers' credit and debit card payments to Binance is based on a misunderstanding regarding a U.K. regulatory action. Binance is facing increased regulatory scrutiny elsewhere too.
By Vaidik Trivedi • July 7, 2021 -
Retrieved from Facebook on December 16, 2020
Paysafe builds up online betting, gaming payments systems
Paysafe is pushing aggressively into the online sports betting and video gaming industries with its payments technology as those industries grow in the U.S.
By Vaidik Trivedi • July 2, 2021 -
Justin Sullivan via Getty Images
Rapyd buys Valitor in $100M deal
Rapyd tapped its venture capital hoard for the acquisition of Volitar, an Icelandic company that will become its European hub.
By Lynne Marek • July 2, 2021 -
Courtesy of PayPal
PayPal's Zettle arrives in US, leverages QR code-based payments
The new Zettle offering in the U.S. will provide QR code-based payment options for in-store purchases.
By Vaidik Trivedi • July 1, 2021 -
Matt Cardy via Getty Images
Merchants adapt check-out process to thwart cart abandonment
Merchants are giving online customers a broader menu of payment options in the hopes of keeping customers through to completion of a purchase.
By Vaidik Trivedi • June 28, 2021 -
Sean Gallup via Getty Images
Big tech buys into booming payments sector
Google, Apple and other tech companies are swooping in to provide digital financial services to customers to increase engagement rates, and incumbent financial institutions face the risk of fewer direct interactions with their customers
By Vaidik Trivedi • June 24, 2021 -
Dan Kitwood via Getty Images
Fiserv partners with NYDIG to offer bitcoin services
The duo is betting banks can use the new offering to attract consumers who own bitcoin or who want to buy the digital asset.
By Vaidik Trivedi • June 23, 2021 -
Courtesy of BigCommerce
Consumers adapt to "omnichannel" payments, survey finds
Although a majority of customers surveyed had shopped online over the prior year, a "slight majority" across all regions also still prefers in-person shopping, the survey showed.
By Vaidik Trivedi • June 23, 2021 -
Permission granted by SoFi
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 -
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
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