Shop Bonsai Inc., which provides in-app checkout technology under the Bonsai moniker, said it and buy now, pay later specialist Afterpay are making it easier for consumers to shop on an online publisher’s site without leaving the site. Announced Wednesday, the arrangement enables Bonsai shoppers to potentially reduce the checkout …
Read More »Consumers Are Flocking to E-Commerce, But They’re Hitting Too Many Brick Walls, Stripe Says
Despite consumers’ expectation that checkout during an e-commerce purchase should be fast and instinctive, most online merchants still have checkout procedures that add unnecessary friction, says a survey from online-payments powerhouse Stripe Inc. The report, released Tuesday, reveals that 96% of 200 North American e-commerce merchants surveyed had committed at …
Read More »FortisPay Is Now Fortis, Signaling Its Stress on Payments Integration for Business Software
As trends such as payment facilitation and integrated payments continue to unfold, at least some payments providers are giving more thought to long-held branding strategies. The latest example is that of FortisPay, which on Tuesday announced it is dropping the “Pay” and is now in the market simply as Fortis. …
Read More »BitPay an Option on Wix’s Platform and other Digital Transactions News briefs from 10/12/21
Cryptocurrency payment processor BitPay Inc. said it completed an integration with Wix, an e-commerce platform, to enable BitPay’s Bitcoin and crypto payment processing as a payment option.Splitit USA Inc. said Discover cardholders can use the installment payments with their cards. Diners Club International and other alliance cards can be used, too. Splitit uses …
Read More »Merchant Acquiring Returns to Fast Growth As Specialized Players Claim an Increasing Share
Despite a temporary setback at the start of the pandemic, merchant acquiring is getting back on a growth track that will see revenue expand at an 11.3% annual clip through 2025, nearly equaling the 11.8% rate chalked up from 2015 to 2019, according to a report and forecast released Monday …
Read More »Nuvei Merchants and Visa Direct and other Digital Transactions News briefs from 10/11/21
Payments provider Nuvei Corp. said it will offer its U.S. merchant clients access to Visa Direct, Visa Inc.’s real-time push-payment network, for near real-time payouts.Ecrid Inc., a startup credit bureau that includes a bill-payment capability, announced it has filed for an initial public offering expected to raise $20 million.Payments provider Usio Inc. said the …
Read More »Fiserv’s Clover Brings Cashless Payments to Major League Soccer’s Philadelphia Union
Subaru Park, home of major league soccer’s Philadelphia Union, is the latest sports stadium to go entirely cashless. The team announced Thursday it was deploying more than 130 Clover point-of-sale devices from Fiserv Inc. to enable contactless purchases at concession stands and premium seating areas in the stadium. Like many professional …
Read More »Bakkt Users Gain Access to Google Pay Crypto Purchases at Merchants Online And in Stores
Bakkt, a digital-asset marketplace, said its users can now load their Bakkt Visa debit cards into Google Pay and use the crypto-backed cards to make online and in-store payments where Google Pay is accepted. The consumer’s digital asset, such as Bitcoin, will be converted to fiat currency for these payments. …
Read More »How a U.K. Limit on Contactless Payments Could Drive Consumers to Mobile Wallets
An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …
Read More »When One Just Won’t Do: Target Adds Two BNPL Options
Mega-retailer Target Corp. says consumers can now use buy now, pay later options from Sezzle Inc. and Affirm Inc. Though Target doesn’t say why it is offering two BNPL options, it distinguishes Affirm, which offers a point-of-sale loan that charges interest, as best for purchases of more than $100. Sezzle, …
Read More »