Two trends have buoyed the payments business since the onset of the pandemic—online shopping and buy now, pay later capability—and on Wednesday Klarna AB launched a new app that exploits both trends by letting consumers use Klarna’s BNPL service regardless of whether the store is a Klarna merchant. The new …

The big processor Global Payments Inc. on Tuesday morning reported a busy third quarter that included an expansion of its relationship with PayPal Holdings Inc., ventures in the hot buy now, pay later market, recovery from the pandemic’s impact, and growth in the company’s issuer business stemming from its link …

The rising prominence of open banking, particularly in Europe and the United States, poses a “growing threat to the dominance of cards within e-commerce,” says a report released early Monday by the United Kingdom-based firm Juniper Research. The report comes against a backdrop in which e-commerce transactions are growing fast …

With its launch on Thursday of a digital checking account for business and an associated debit card, American Express Co. could be poised to shake up the payments business in ways not seen before, observers say. “This announcement represents the greatest threat to financial institutions who are competing for the …

Mastercard reported a strong third quarter on Thursday as it builds out the foundations for a near-term future in which it sees itself playing a central role in new transaction flows involving account-to-account (A2A) transfers and digital-currency payments. Mastercard has been laying the groundwork for A2A business for at least …

[UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …

The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …

Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

American Express Co. reported strong results Friday morning for its third quarter as its top executive said the company hasn’t exhausted its interest in acquisitions, though he added the New York City-based payments company is cool to the prospects for cryptocurrency as a medium of exchange. Chief executive Stephen Squeri …