News Topic: Retailers

In the digital age, a lot has changed about how businesses operate — and a lot of new data is being generated in the process. American Express is tapping into this data for instant credit decisions. ... Read full article

Though a 33% decline in net income was attributable to large one-time gains that the credit card issuer recorded in the second quarter of 2016, Amex faces major challenges in the pursuit of growth opportunities. ... Read full article

Both Vantiv and JPMorgan have a strong merchant acquiring business in the U.S., while Worldpay has a large market in Europe. ... Read full article

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for banks to improve their ... Read full article

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service. ... Read full article

The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce Goliath will soon set its sights on the financial services ... Read full article

Federal law established oversight of banks’ security measures, but the lack of similar requirements for retailers creates a blind spot in defending against hacks. ... Read full article

The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved. ... Read full article

Regulatory restrictions on market entry can shield banks for only so long from problems like those faced by traditional retailers. But financial institutions can take these steps to stay competitive in the ever-digital world. ... Read full article

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s ... Read full article

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s ... Read full article

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s ... Read full article

Amazon's lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay. ... Read full article

The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights. ... Read full article

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets. ... Read full article

Mobile point of sale vendor ShopKeep has purchased ChowBot, an online order-and-pay software tool for restaurants, with plans to broadly integrate the new feature into its services for small businesses. ... Read full article

The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart. ... Read full article

The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart. ... Read full article