Payments News

On The Web

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What Retail Recovery? Malls Under Pressure As Stores Close

“Strong retail numbers last year from department stores Macy’s Inc. and Nordstrom Inc.raised hopes that the beleaguered mall industry would finally rebound. But recent developments this year are pointing to more trouble ahead. A number of struggling retailers are closing stores and being more selective about where to open ones, dimming prospects for many mall owners […]
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Tech

Walmart to Expand In-store Tech, Including Pickup Towers for Online Orders and Robots

“Walmart is doubling down on its technology innovations in its brick-and-mortar stores in an effort to better compete with Amazon. The retailer today announced the expanded rollout of several technologies — ranging from in-store Pickup Towers to help customers quickly grab their online orders to floor-scrubbing robots. These jobs were, in many cases, previously handled […]
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Retailers Riled up About Regulated Debit Interchange as Authorization Costs Decline

“The Retail Industry Leaders Association issued its call after the Fed last month released its latest bi-annual study of the debit card market , as required by the Durbin Amendment to 2010’s Dodd-Frank Act. The new study, for the year 2017, says average per-transaction authorization, clearing, and settlement costs for regulated debit card issuers, excluding […]
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One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds

“Fed Gov. Lael Brainard said in a speech Friday that the Fed’s 2018 Survey of Household Economics and Decisionmaking, expected to be released later this month, would show that while economic security has been “marginally” improving, many U.S. citizens—both in- and outside the middle class—were still in a position of “financial fragility.” Americans’ widespread inability […]
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Adobe Brings New Amazon and Google Integrations to Magento

“When Adobe acquired Magento, many of these smaller companies that use the service worried that Adobe would mostly focus on its existing base of large enterprise customers — the kind of companies that already use its Experience Cloud . Today’s set of the announcements is, in many ways, meant to alleviate these fears. The two […]
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On The Wires

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Visa and Wave Join Forces to Improve Cash Flow Management for Small Businesses

“Visa (NYSE:V), and Wave , the financial platform for millions of small business owners, today announced a new, limited release payments solution that aims to transform the way small businesses manage their cash flow and provide merchants quicker access to funds. Utilizing Worldpay’s acquiring platform, Wave’s new Instant Payouts feature integrates Visa Direct, Visa’s real-time1 push […]