Retail: Page 73
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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 -
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 -
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 -
Retrieved from Amazon on October 24, 2018
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 -
Pandemic fueled 32.4% e-commerce surge in 2020
The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows.
By Robert Freedman • March 1, 2021 -
Amazon acquires small digital commerce platform to challenge Shopify
Australian startup Selz is a bit player, but the takeover signals the e-commerce behemoth's intentions to reenter a space it abandoned years ago.
By Daphne Howland • Feb. 17, 2021 -
Permission granted by Food Lion
Food Lion starts accepting online orders from SNAP customers in NC
The grocer also plans to expand to eight more states in the coming weeks, including Delaware, Georgia, Kentucky, Maryland, South Carolina, Tennessee, Virginia and West Virginia.
By Sam Silverstein • Updated Feb. 16, 2021 -
Courtesy of Shopify
Shopify adds Shop Pay to Facebook, Instagram
It's the first expansion of the service outside of Shopify's own platform, and seeks to offer a smoother buying process.
By Tatiana Walk-Morris • Feb. 10, 2021 -
Courtesy of Sifter
Peapod founders re-enter grocery e-commerce with custom shopping tool
Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.
By Sam Silverstein • Feb. 10, 2021 -
Courtesy of Kroger
Q&A: What retailers and shoppers want from their grocery apps
Atomic Robot CEO Alex Robinson, who was a founding member of Kroger's mobile development team, and UX/UI designer Leah Blandford talk app usage during the pandemic and what lies ahead for retailers.
By Jeff Wells • Feb. 9, 2021 -
Courtesy of Sam's Club
Sam's Club teams up with Synchrony, Mastercard for rewards program
The club retailer, like others in the retail space, is also simplifying the application process as consumers continue to struggle financially.
By Tatiana Walk-Morris • Feb. 8, 2021 -
Walmart to add Western Union services to stores
The deal signals the retailer's growing interest in the financial services space.
By Tatiana Walk-Morris • Jan. 21, 2021 -
Courtesy of Mastercard
Mastercard pilot turns smartphones into a point-of-sale device
Expansion into the contactless tech space has accelerated due to the pandemic and is expected to continue.
By Kaarin Moore • Jan. 14, 2021 -
Visa terminates $5.3B acquisition of Plaid after DOJ antitrust suit
The abandonment of the deal won't keep Visa from pursuing partnerships with Plaid or other fintechs, CEO Al Kelly said Tuesday during a call with analysts.
By Anna Hrushka • Jan. 13, 2021 -
Courtesy of Affirm
Affirm IPO hits $1.2B
The buy now, pay later tech company announced an initial public offering stock price of $49, but opened at nearly $100 on its first day of trading.
By Daphne Howland , Kaarin Moore • Updated Jan. 19, 2021 -
Courtesy of American Express
American Express expands small business perks as it reportedly falls under federal investigation
As the credit card issuer caters to merchants migrating online, multiple agencies are scrutinizing its sales practices.
By Tatiana Walk-Morris • Jan. 8, 2021 -
Courtesy of Afterpay
Afterpay basket size jumps 30% over the holidays
The installment payments firm benefited from pandemic-induced behaviors in favor of contactless buying.
By Kaarin Moore • Jan. 5, 2021 -
Permission granted by 7-Eleven
7-Eleven unveils mobile wallet to enable contactless payments
The retailer aims to bring cash users into the digital wallet space and make its rewards program more accessible.
By Tatiana Walk-Morris • Dec. 8, 2020 -
Capital One halts buy-now-pay-later credit card transactions
The move stands in contrast to fellow credit-card issuers Citi and JPMorgan Chase, which last year launched fixed-payoff options. PayPal and Ally Financial this year announced they were rolling out installment loans.
By Dan Ennis • Dec. 7, 2020 -
Permission granted by Step
Teen-aimed banking app Step gets celebrity boost
The platform said it raised $50 million in a Series B funding round that included investment from singer Justin Timberlake, music group The Chainsmokers and retired athlete Eli Manning.
By Anna Hrushka • Dec. 3, 2020 -
How COVID-19 could disrupt store credit cards
Despite a pandemic-induced recession and uncertainty over another federal stimulus bill, store cards remain a channel for customer engagement.
By Tatiana Walk-Morris • Dec. 2, 2020
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