Payments Dive

OCTOBER 3, 2023

Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.

Cards 397

Cards Retail 397

PYMNTS

AUGUST 3, 2020

COVID-19 and the ensuing economic downturn has caused B2B payment challenges to reach a new level. Vendors that once saw late buyer payments as unavoidable now risk going out of business if their clients don’t speed up the pace of payments. 5T: Projected value of virtual card spending in 2025. $4B:

Retail 235

Retail Payments Data Cards 235

PYMNTS

OCTOBER 2, 2020

Amazon India has introduced a way for customers to pay their credit card bills through Amazon Pay , the eCommerce company’s payments arm. The feature allows making payments for any credit card bill via UPI or internet banking. “As Today, it offers a credit card and processes payments for customer bills.

Cards 235

Cards Payments Seattle Online 235

PYMNTS

FEBRUARY 27, 2019

card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3 million fine against Mastercard for its swipe fees, which regulators said drove up prices for retailers and consumers, and hampered competition. Now, European retail groups want that to change.

Cards 176

Cards Retail Regulation Payments 176

Payments Dive

FEBRUARY 23, 2018

Karen Katz, former president and CEO of Neiman Marcus Group, and Visa CEO Alfred Kelly shared insight, expectations and strategy during a panel talk at the NRF Big Show in January on boosting the retail mobile commerce customer experience.

Retail 272

Retail Mobile Innovation Cards 272

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities. Orchestrating A Solution.

Cards 207

Cards Data Compliance Payments 207

PYMNTS

DECEMBER 2, 2020

This will not only help retail items be more accessible to more consumers but could help merchants bounce back from what may have been a rocky year in sales due to the pandemic. The study revealed merchants that offer flexible payment plans could tap into a loyal, sizable pool of digital consumers. Around The Buy Now, Pay Later World.

Retail 194

Retail Millennials Payments Analysis 194

PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As Merchants that had focused on getting customers to increase time in stores switched to efforts to decrease time in stores, with digital payments playing a key role.

Retail 211

Retail Payments Online Marketing Strategies 211

PYMNTS

NOVEMBER 16, 2020

Now comes the work of embedding touchless payments anywhere and everywhere people might want them. In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. Physical cards are changing form, as some NFC-capable mini-cards are being embedded in rings and other wearables. told PYMNTS.

Cards 239

Cards Payments Innovation Customer Experience 239

PYMNTS

JUNE 11, 2020

A retail apocalypse could turn into a retail Armageddon , with tens of thousands of storefronts projected to close by 2020’s end, but the prediction is spurring alternate scenarios. And in payment methods, retail bankruptcies are illuminating gift cards and the “breakage income” connected with them.

Retail 130

Retail Cards Data Payments 130

PYMNTS

NOVEMBER 22, 2020

Danske Bank , the Copenhagen-based retail bank, has partnered with FinTech firm Zenegy to roll out a new method for automating payments made with corporate cards, a report from Crowdfund Insider says. The corporate card is going through a change this year, like many other parts of the business world.

Cards 221

Cards Payments Innovation Regional 221

Payments Dive

FEBRUARY 15, 2024

Adding a virtual card number feature “is about giving options to consumers when retailers do not support Apple Pay,” Creative Strategies President Carolina Milanesi said.

Apple 221

Apple Cards Strategy Retail 221

PYMNTS

JULY 14, 2020

As the United States experiences a coin shortage due to the pandemic, some brick-and-mortar retailers are forcing consumers to tell cashiers to “keep the change.”. Customers can either round up their bills to the nearest dollar and give the excess to charity or get their change stored on loyalty cards. Similarly, southeast U.S.

Retail 290

Retail US Cards United States 290

Payments Dive

SEPTEMBER 13, 2023

Fraudsters developed sophisticated techniques to evade safeguards and steal payment credentials, the card network said in its biannual report.

Retail 243

Retail Fraud Cards Report 243

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. These two forces appear to be driving an increase in consumers’ use of touch-free debit payment options.

Cards 162

Cards Fraud Retail Online 162

PYMNTS

NOVEMBER 25, 2020

And when consumers do go online, gift cards are winning the season. When asked if they would purchase gift cards as part of their online shopping for the holidays, 29.6 Almost the exact same amount said they were “somewhat likely” to purchase a gift card. percent likelihood to purchase gift cards, respectively.

Online 176

Online Cards Retail Data 176

PYMNTS

JULY 15, 2020

In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. 57.9% : Share of credit-centric revolvers who are interested in payment plans for large purchases. 39%: Amount by which virtual retailing use increased in June.

Retail 130

Retail Technology Cards Innovation 130

Payments Dive

AUGUST 8, 2022

Banks that issue credit cards and the retailers who hate their fees are lining up allies on Capitol Hill to fight over a new bill that calls for more competition in the industry. Visa and Mastercard are at the center of the conflict.

Cards 259

Cards Retail Industry 259

PYMNTS

NOVEMBER 23, 2018

To counter fraud as the holiday season approaches, Best Buy , Target and Walmart made changes to their gift card programs. By working collaboratively with these retailers, we’ve created a way for businesses to take proactive steps to prevent scams,” New York State Attorney General Barbara Underwood said in a statement.

Fraud 156

Fraud Cards Retail New York 156

Perficient

FEBRUARY 2, 2023

Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.

Industry 471

Industry Trends social media Payments 471

PYMNTS

JANUARY 15, 2021

These codes are particularly useful when it comes to contactless payments, as they allow funds to be instantly transferred through a simple printout on restaurant bills or checkout counters. The year 2020 was a game-changer for QR codes, with high demand for safer, more convenient contactless payments fueling their growth.

Retail 207

Retail Security Payments United States 207

PYMNTS

MAY 19, 2020

In today’s top news, Amazon could be in talks to buy JCPenney, and 4 million stimulus payments will be sent to consumers via Visa prepaid debit cards. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card. Igloo On Payments As A Strategy, Not Just A Way To Pay. Amazon Eyes JCPenney Buy.

Cards 210

Cards Payments Retail ATM 210

Payments Dive

MARCH 19, 2024

The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.

Retail 195

Retail Cards 195

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. Going cashless has long been a conversation in the consumer payments world, but a report from HSBC in the U.K.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

DECEMBER 12, 2018

The number of merchants accepting card payments around the world grew by 13 percent in 2017, to 69.2 RBR, a research and consulting firm for banking and retail, released a forecast of payment card data through 2023, and found that card payment acceptance is growing at a fast rate.

Cards 178

Cards Payments Regulation Regional 178

Payments Dive

JANUARY 25, 2023

The largest department store in Mexico is carving out a niche in offering digital and physical debit cards, as well as remittance services, to people sending payments over the border.

Retail 221

Retail Cards Payments 221

Payments Dive

FEBRUARY 15, 2023

Banks requested a delay in implementing a debit routing rule, but a retail and merchant trade group argued it’s high time the card issuers comply.

Retail 195

Retail Groups Cards 195

PYMNTS

AUGUST 14, 2020

“Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. the odds of beating the bad guys are moving in retailers’ favor. “I The Challange With Card-Not-Present Transactions .

Cards 293

Cards Fraud Retail Security 293

BankInovation

SEPTEMBER 11, 2024

American Express and card-on-file management company Knot are launching a card-on-file payments solution to improve the payment experience at trusted retailers.

Cards 77

Cards Retail Security Payments 77

Payments Source

JANUARY 25, 2021

Biometric authentication has always been a challenging subject with consumers, who are accustomed to using the technology to unlock their phones but are still wary about how much personal information they share with retailers and card issuers.

Cards 215

Cards Payments Retail Technology 215

Bank Innovation

JANUARY 8, 2020

While chip cards are becoming a mainstay at brick-and-mortar retail checkouts, gas pump payment technology lags behind. gas station owners until October of this year to upgrade pumps to accept EMV chip cards, rejecting a deadline extension request from the Merchant Advisory Group. Visa and Mastercard have given U.S.

Cards 259

Cards Meeting Groups Retail 259

PYMNTS

NOVEMBER 18, 2020

consumers paid off $10 billion in credit card debt in the third quarter of 2020, and Amazon Pharmacy launched for consumers to order prescription medications. Plus, Walmart+ gets a closer look after the retail giant’s third-quarter earnings call. US Consumers Pay Down $10B in Credit Card Debt In Q3. In today’s top news, U.S.

Cards 227

Cards US Payments Strategy 227

PYMNTS

APRIL 1, 2020

will allow its Apple Card users to defer April payments without interest or penalties to ease financial pressures of the COVID-19 pandemic. Bloomberg reported that the credit card, backed by the Goldman Sachs Group Inc., had offered the same program for March payments. The Apple Card was launched last summer.

Apple 142

Apple Cards Payments Branding 142

Bank Innovation

APRIL 17, 2020

Green Dot is helping consumers gain access to their stimulus payments as a part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, a move that will likely prop up the company’s banking-as-a-service business. Through an existing partnership with Walmart, the Pasadena, Calif.-based

Payments 259

Payments Cards Retail Security 259

PYMNTS

JANUARY 28, 2021

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. consumers have shifted to digital shopping channels to purchase retail products, a fourfold increase since the start of the pandemic. The report finds that 45 percent of U.S.

Cards 210

Cards Online Security Data 210

PYMNTS

SEPTEMBER 30, 2020

In today’s top payments news around the world, American Express launched co-branded credit cards with Amazon targeting small to medium-sized businesses (SMBs) in Britain, while Volopay is teaming with Nium for a new and enhanced corporate credit card. American Express, Amazon Roll out UK Credit Card Aimed at SMBs.

Cards 214

Cards United States Payments Capital 214

PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. has seen slow adoption compared to other regions.

Samsung 230

Samsung Management Cards Regional 230