Credit Cards

An absence of such payment features as one-click checkout and alternative payment methods at shopping sites is contributing to an overall cart-abandonment rate for online merchants that came to 75.7% of carts initiated in the year through March, according to a study released late Tuesday. The report, from Coresight Research …

Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …

NewStore Inc., a payments-platform provider specializing in mobile transactions, has become the latest processor to roll out Apple Inc.’s Tap to Pay on iPhone solution to its merchants in the United States. The payment option, which allows merchants to accept Apple Pay and other contactless payments by using an iPhone …

In a move to automate much of the task of analyzing merchant statements, Merchants United LLC said it will use nRoad Inc.’s platform, which analyzes unstructured data in an effort to extract useful information from it. Charleston, S.C.-based Merchants United said the technology will help its bottom line because it …

The big processor FIS Inc. launched Worldpay for Platforms, a service that lets software providers speed up access to FIS’s Worldpay processing unit while onboarding small and medium-size merchants.PayMyTuition, a payments platform for colleges and universities, launched a cashiering module that lets schools set up multiple cashier stations to process campus payments …

Seeking to beef up its buy now, pay later offering, Bread Financial on Monday launched the Bread Pay One-Time Use Card, a virtual credit card that allows consumers to pay for purchases in four installments. The card, which will be issued by Marqeta Inc., can be used by consumers for …

The decision over the weekend by three of the nation’s largest payments networks to introduce a new category code for gun shops could raise more questions for the payments industry than answers. The move by American Express Co., Mastercard Inc., and Visa Inc. would for the first time create a …

Aurora Payments LLC, which specializes in integrated-payments technology for small to medium-size businesses, has acquired One Payment, a Florida-based fintech payment company, for an undisclosed sum. One Payment services more than 6,000 merchants, with a focus on minority-owned small and medium-size businesses. The company processes more than $1 billion in …

Sean Feeney, the veteran software executive and former U.S. Army officer who took over as chief executive of Cantaloupe Inc. in June 2020, will retire Sept. 30 and will be replaced by Ravi Venkatesan, who has been serving as chief operating officer of the vending-payments specialist since February. The move …

Lavu, a payments-technology provider specializing in restaurants, said it is partnering with Up ‘n Go, a vendor of contactless-payment technology based on QR codes, for pay-at-table checkouts.Data from the Bank of America Institute indicate overall consumer spending seen by the big bank in August was up 13% over the same month in …