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WEX Extends Fuel Card Contract With Sheetz

PYMNTS

announced a 10-year extension of its fleet fuel card contract with convenience chain retailer Sheetz, Inc., WEX supports the Private Label, Universal and Tri-Brand fleet cards available at Sheetz, which can be used to purchase gasoline at store locations. On Wednesday (Oct. 18), payment solutions company WEX, Inc.,

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Capital One to buy Discover Financial in $35B stock deal

BankInovation

agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create the largest US credit card company by loan volume. McLean, Virginia-based Capital One will pay 1.0192 of its own shares for each Discover share, a 26.6% Capital One Financial Corp. premium to the closing price on Feb.

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Walmart Card Skimmer Targets Card-Swiping Consumers

PYMNTS

The transition to EMV was supposed to all but eliminate the danger of credit card fraud, but incomplete changeover, both in chip cards and compatible payments terminals, leaves plenty of room for the less scrupulous among us to take advantage and credit card numbers in equal turns.

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Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

PYMNTS

Retailers are testing drone delivery to grow their omnichannel offerings and provide “store to door” on-demand service to their customers. Walgreens , in one case, plans to pilot drone deliveries in Christiansburg, Virginia starting in October by partnering with Wing, a member of the Alphabet family of companies.

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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. Now that we have data from the entire year to review, we are seeing the alarming trend continue.

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Curating Greeting Cards In A Digital World

PYMNTS

When Jesse moved to California and Ross went to the University of Virginia, they were connected in the sense that they posted on one another’s Facebook walls or liked each other’s photos. The two brothers ended up co-founding Scribe , an eCommerce website that sells paper greeting cards.

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Retail Pulse: CVS, UPS Test Drone Potential; Birchbox Grows Walgreens Partnership

PYMNTS

Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. The city was chosen as the test market because Wing already had a relationship with Virginia Tech, which is in nearby Blacksburg, to test the delivery drones in the U.S.

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