Acquiring

American Express Co. has become the first foreign payments company to be approved to clear domestic transactions in mainland China. The move comes with approval of a network clearing license over the weekend from the People’s Bank of China for Express Technology Services Co. Ltd., an AmEx joint venture with …

Paysafe Group said it has expanded its Knect loyalty program for its Skrill digital wallet to the U.S. market. The program offers points that can be redeemed for cash when users perform transactions using the digital wallet or a linked Skrill Visa prepaid card. Last week, Paysafe launched its Skrill Money Transfer service …

JotForm, a developer of online forms for businesses, announced an integration with the PayPal Commerce Platform allowing clients to accept credit card payments, transfers between PayPal accounts, and PayPal Credit financing options.Corporate-payments software provider Coupa Software Inc. said it has acquired Bellin Group, a vendor of treasury-management technology. Terms were not announced.With the popularity …

COVID-19 has shaken the global economy. Social distancing has drastically shifted consumer behavior and introduced a new set of challenges to stores and shoppers alike. For merchants, it has been difficult to manage a dip in discretionary spending, a rapidly increasing number of online shoppers, and an explosion of competition …

It’s not yet profitable, but Bill.com Holdings Inc. must be doing something Wall Street likes. The processor, which had its initial public offering in December at $22 per share, on Wednesday announced an “upsized” follow-on offering of 7.2 million shares of common stock priced at $74.25 per share.  It was …

E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.Retail sales in the CardFlight Small Business Impact Report for the …

As businesses reopen in the United States and abroad, many are looking to modernize their payments flows to minimize cash and maximize touch-free digital payments. Tech startups are stepping up in hopes of meeting the need. Late on Tuesday, a 5-year-old startup called Squire Technologies Inc. announced it had raised …

With chargeback costs poised to grow an estimated 52% by 2023 for U.S. payment card issuers alone, issuers as well as merchants and merchant acquirers have every incentive to reduce those costs. And one way they could do it is by providing more transaction detail on consumers’ online credit card …

Fifty-nine percent of all respondents to a survey by CouponFollow LLC, a provider of discount codes for online shoppers, are doing more online shopping as a result of the Covid-19 pandemic, and that jumps to 65% when looking just at the Gen-Z generation.A technology startup called BellyMelly launched a food-ordering app that lets …

Despite tentative signs of an economic recovery from the coronavirus-induced depression, some experts are forecasting a gloomy outlook for store closures as the year plays out and merchants struggle with debt loads and a consumer shift to e-commerce. At least 20,000, and as many as 25,000, stores will likely shut …