Retail: Page 72
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Deep Dive
6 Payments trends for 2021
The pandemic accelerated emerging payments trends, as "both the merchant and customer side picked up pace to evolve with changing market conditions," Forrester analyst Lily Varon said.
By Vaidik Trivedi • April 5, 2021 -
Mastercard partners with fintech companies to fend off tech upstarts
Established payments companies are increasingly turning to technology partners to offer services that help them compete.
By Lynne Marek • March 31, 2021 -
Explore the Trendline➔
Getty Images
TrendlinePayments industry seeks to keep pace with fraudsters
As losses from fraud in payments have climbed, companies are seeking new tools to combat illicit schemes.
By Payments Dive staff -
Pixabay by AhmadArdity
COVID-19 accelerated need for real-time payments, report says
Mobile wallet adoption and a need for instant payments skyrocketed as the pandemic induced a change in consumer behavior and expectations, according to a recent ACI Worldwide study.
By Vaidik Trivedi • March 31, 2021 -
Financial institutions were slow to protect customers from fraud, Stratifyd report says
Financial institutions were overwhelmed with fraudulent activities skyrocketing during the pandemic, according to the data analysis of Consumer Financial Protection Bureau customer complaints.
By Vaidik Trivedi • March 30, 2021 -
Courtesy of Fiserv
Fiserv looks to boost POS business through Pineapple Payments acquisition
Fiserv looks to boost its Clover POS system sales by tapping into Pineapple Payments existing customers.
By Vaidik Trivedi • March 29, 2021 -
Courtesy of Splitit
Splitit brings installment payments to professional services globally
The company eyes global expansion of its BNPL services, and has partnered with the UnionPay International card network to expand its installment payment offering.
By Vaidik Trivedi • Updated April 13, 2021 -
MoneyGram launches B2B service for global money transfer
Additionally, customers can transact through G-Coin tokens, which are backed by gold and allows people to own, save and spend the coin as a digital fiat currency.
By Anthony Epling • March 25, 2021 -
Tappit partners with Cincinnati Reds, San Diego Padres to bring contactless payments to MLB stadiums
Some venues are creating digital wallets, while others rely upon attendees to use their personal credit cards, or programs like Apple Pay. And other stadiums are providing fans the option to use a pre-paid debit cards.
By Anthony Epling • March 25, 2021 -
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 -
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 -
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
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