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Alibaba's Ant Financial to delay IPO in favor of expansion
The online payments unit spun off from Alibaba ahead of the Chinese e-commerce giant’s own IPO two years ago.
By Daphne Howland • Oct. 12, 2016 -
"Staples Store sign logo building facade, US Postal Service, Staples Home Office Supplies Strike Picket" by Mike Mozart is licensed under CC BY 2.0
Staples enables Apple Pay through mobile site and app
The announcement comes two years after the retailer became one of Apple Pay's first supporters of in-store payments.
By Dan O'Shea • Oct. 9, 2016 -
Trendline
Digital innovation and technology trends in retail
Generative AI and TikTok Shop have replaced the metaverse and NFTs as the hot topics of the day — here’s a look at how brands are using them.
By Retail Dive staff -
Kohl's launches mobile payment app ahead of holidays
Kohl's Pay enables the retailer's 25 million branded cardholders to purchase products and apply rewards with their smartphone.
By Daphne Howland • Oct. 5, 2016 -
MasterCard rolls out Identity Check Mobile biometric payments
The technology leverages authentication options like fingerprints or facial recognition to verify a cardholder’s identity.
By Dan O'Shea • Oct. 4, 2016 -
CardFlight: 78% of cards have EMV chips, AmEx leads the way
A year on from the nationwide fraud liability shift, 96% of AmEx cards are now EMV-enabled, the highest percentage of any payment card issuer.
By Dan O'Shea • Oct. 2, 2016 -
Alibaba forecasts record sales on Singles' Day
Alibaba brought in more than $14 billion in sales during its Nov. 11 Singles' Day shopping event last year, easily toppling its previous record of $9.3 billion.
By Daphne Howland • Sept. 27, 2016 -
Court rules retailers can't push customers away from American Express
A federal appeals court overturned a previous ruling on Monday, allowing the credit card company to block merchants from steering customers toward other companies’ lower-cost cards.
By Daphne Howland • Sept. 27, 2016 -
Forecast: Card payments to surpass cash payments for first time ever this year
Euromonitor International anticipates that total worldwide card payments by consumers will amount to $23.1 trillion in 2016, although cash is still used for about 85% of all transactions worldwide.
By Dan O'Shea • Sept. 26, 2016 -
Sam's Club rolls out scan-and-go mobile checkout to all stores
The service is also being tested at Wal-Mart’s namesake stores, but it’s not clear how many customers will use it without more perks piled on.
By Daphne Howland • Sept. 23, 2016 -
Experian: E-commerce fraud attack rate up 15% over 2015
Data suggests that stolen credit and debit cards, card numbers and identities are fueling incidents of "card not present" fraud.
By Dan O'Shea • Sept. 22, 2016 -
PayPal allows merchants to accept China's UnionPay
The partnership promises to boost cross-border e-commerce purchases by enabling more merchants to accept payments from Chinese consumers.
By Dan O'Shea • Sept. 18, 2016 -
MasterCard joins push into biometric security for online purchases
The credit card giant is planning to roll out solutions like fingerprint scanning and facial recognition as part of an increasing effort to bolster e-commerce security.
By Dan O'Shea • Sept. 15, 2016 -
Wal-Mart Canada's Visa ban extends to Manitoba
The retailer announced earlier this summer it would also stop accepting Visa in three Ontario locations amid a dispute over what the retailer calls "unacceptably high fees.”
By Daphne Howland • Sept. 15, 2016 -
BigCommerce adds support for Apple Pay transactions
Apple Pay eliminates manual entry of payment and shipping details when shopping on supported mobile or desktop devices.
By Dan O'Shea • Sept. 13, 2016 -
Alibaba buys biometric authentication startup EyeVerify
Forget traditional passcodes, EyeVerify's EyePrint ID technology authenticates shopper identities through eye-vein patterns.
By Dan O'Shea • Sept. 13, 2016 -
MasterCard: 88% of cards have EMV chips, 2M merchant locations chip-active
According to a survey MasterCard commissioned from Braun Research, 87% of U.S. consumers commonly use chip cards, up from 49% last year.
By Dan O'Shea • Sept. 12, 2016 -
Deep Dive
Is Walmart Pay doomed to repeat CurrentC's mistakes?
Soon after the MCX retailer consortium pulled the plug on its CurrentC mobile payments platform, Wal-Mart rolled out its own Walmart Pay nationwide. The similarities between the two may spell trouble.
By Daphne Howland • Sept. 12, 2016 -
MasterCard sued for record $19B in UK over swipe fees
The class action lawsuit is based on allegations that MasterCard charged retailers excessive interchange fees which were then passed on to customers in the form of higher prices.
By Dan O'Shea • Sept. 8, 2016 -
Google unleashes Android Pay online, adds Uber, Chase as partners
The mobile wallet is expanding through Google's Chrome browser, allowing consumers to make purchases online.
By Dan O'Shea • Sept. 7, 2016 -
PayPal, MasterCard expand deal to in-store payments
PayPal is continuing to widen its payment options beyond desktop-based web orders, but investors have been less than impressed.
By Daphne Howland • Sept. 6, 2016 -
Alibaba-backed Indian payments juggernaut Paytm raises $60M
The new funding, made at a full valuation of more than $4.8 billion, reportedly is connected to an ongoing funding round that may total about $300 million.
By Dan O'Shea • Aug. 31, 2016 -
Report: New national sales tax plan set to clarify online retail rules
House Judiciary Committee Chairman Bob Goodlatte is poised to introduce a new legal framework for cross-border tax sales following years of debate on the issue.
By Dan O'Shea • Aug. 24, 2016 -
Costco customers erroneously receive Citi account closure notices
Citi, which provides the Costco Visa card, reportedly sent emails by mistake containing the partial card numbers of other Costco customers.
By Dan O'Shea • Aug. 22, 2016 -
Walgreens integrates loyalty program with Android Pay
Balance Rewards members can redeem or collect their rewards points via either Android Pay or rival Apple Pay at Walgreens' 8,200 U.S. stores.
By Daphne Howland • Aug. 22, 2016 -
Visa alerts merchants on Oracle POS security breach
The alert includes a list of Internet addresses believed to have been used in the attack, a list Oracle itself has yet to release.
By Dan O'Shea • Aug. 14, 2016