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

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

Explore the Trendline➔

Cross-border payments targeted for upgrades

When it comes to cross-border payments, businesses, non-profits and governments alike are determined to increase the speed of transactions and cut the cost.

By Payments Dive staff

Facebook-led digital currency, renamed Diem, could launch in January

"We like the connotation of it kind of being a new day for the project," said the group's CEO, Stuart Levey, referring to the moniker's use of the Latin word for "day."

By Anna Hrushka • Updated Dec. 1, 2020

Is cashierless tech ready for prime time?

The pandemic has juiced demand for automated checkout systems, and retailers are having positive experiences with them, but the technology still has to prove itself over the long term.

By Sam Silverstein • Nov. 30, 2020

Google revamps Google Pay, adds 3 new partner banks

With a redesigned app and an expanded network of banks that have signed on to offer co-branded accounts, the tech giant continues its push into the consumer financial services space.

By Anna Hrushka • Nov. 19, 2020

PayPal launches crypto payment platform

The payments company will convert consumers' Bitcoin, Ethereum, Bitcoin Cash and Litecoin holdings into fiat currencies when they check out. That cuts the risk merchants assume from any volatility in cryptos' value.

By Dan Ennis • Updated March 30, 2021

Fed chair remains cautious on regulator's digital dollar efforts

The central bank's chief, Jerome Powell, told a panel Monday he'd rather the U.S. "get it right" than be first — and that such a currency should aim to complement rather than replace the dollar.

By Dan Ennis • Oct. 20, 2020

Afterpay partners with retailers for in-store payments

Shoppers nationwide can use a virtual, contactless card stored in their digital wallet to pay for in-store purchases in installments. 

By Tatiana Walk-Morris • Oct. 19, 2020

PayPal introduces 'Pay in 4' installment payment service

The payments behemoth joins a growing list of pay-over-time competitors.

By Tatiana Walk-Morris • Sept. 3, 2020

PayPal expands its point-of-sale arsenal

The payments company is looking to wrest part of a burgeoning buy-now-pay-later market from the likes of Afterpay, Affirm and Klarna with a six-week installment plan for purchases between $30 and $600.

By Dan Ennis • Sept. 1, 2020

Ally partners with Mastercard's Vyze to enter retail point-of-sale lending

The bank will offer installment loans on retail purchases between $500 and $40,000 with interest rates ranging from 9.99% to 26.99%. Monthly fixed-rate installment loans will range from six to 60 months, the company said.

By Dan Ennis • Aug. 26, 2020

Facebook unveils payments umbrella

Facebook Financial, the social network's latest effort to lend brand consistency among its payment and commerce plans, will be overseen by Libra co-creator David Marcus.

By Dan Ennis • Aug. 11, 2020

CVS to offer Venmo, PayPal QR codes in stores

Other platforms, like WhatsApp and Amazon, have introduced QR codes for merchants, too.

By Tatiana Walk-Morris • Aug. 3, 2020

Remote work exposes payment system inefficiencies

Although most organizations want to automate payments, only about 8% have fully done so.

By Robert Freedman • July 22, 2020

Will COVID-19 push contactless payments into the mainstream?

Multiple barriers have curtailed retailers' contactless payment integration. But a pandemic may be the catalyst to widespread adoption. 

By Tatiana Walk-Morris • June 9, 2020

Consumers aren't adopting mobile wallets, even during the pandemic

A PYMNTS.com study conducted in March found that mobile wallets accounted for a small portion of eligible transactions, despite the coronavirus outbreak.

By Tatiana Walk-Morris • April 7, 2020

Banks mostly fear payments and money transfer fintechs, survey finds

Less of a concern among banks is competition from online investment and crowdfunding upstarts. 

By Robert Freedman • March 3, 2020

Abercrombie & Fitch, Hollister launch Instagram Checkout

The in-app checkout feature adds to the retailer's growing slate of diverse payment methods.

By Lisa Rowan • Oct. 10, 2019

J.C. Penney pulls the plug on contactless payments

The move comes as other major retailers roll out Apple Pay to consumers and Amazon Pay positions itself as a potential competitor.

By Tatiana Walk-Morris • April 24, 2019

Square rolls out retailer-focused POS platform, toolbox

Square for Retail features a point-of-sale app with a search-based interface for faster checkout, as well as a smart customer directory, real-time inventory management tools and other features.

By Dan O'Shea • Feb. 8, 2017