E-Commerce

Discover Financial Services posted single-digit growth rates for both its Pulse and Discover network units in the fourth quarter of 2022. Discover on Thursday said volume on its Discover Network was $58.1 million in the quarter, a 9.2% increase from $453.2 million in the year-ago quarter. Pulse, Discover’s debit network, …

Desjardins Group, said to be the biggest financial cooperative in North America, said it will transfer its credit card processing function to Fiserv Inc. The deal is said to be the first such “large-scale” engagement in Canada for Fiserv. Business-to-business buy now, pay later platform Playter launched Paid, a service that lets Playter clients …

The Digital Dollar Project early Wednesday issued recommendations that include bigger investments by the federal government in researching a tokenized digital dollar. The group also called on the United States to exert leadership internationally in setting global standards for government-issued digital currencies even if the U.S. itself ultimately refrains from …

Oracle Corp. said restaurant chain Big Boy Restaurant Group LLC will adopt its Micros Simphony Cloud Point of Sale and Oracle Payment Cloud Service. Payments provider Paysafe Ltd. said it has expanded its processing services to sports betting in Ohio. The move follows on the heels of Paysafe’s entry in the Maryland sports-betting …

ACI Worldwide Inc. early Tuesday announced it is offering a real-time payments service to U.S. merchants and launched a platform to ease acceptance of digital wallets for merchants in more than 70 countries. ACI Instant Pay is aimed at easing acceptance of online and mobile transactions, as well as payments …

Point-of-sale system maker Lightspeed Commerce Inc. said it will reorganize as it contends with a shifting economy. Among its actions are the elimination of 300 jobs, accounting for approximately 10% of its overall employees. The Consumer Financial Protection Bureau is considering regulations governing the fees providers charge for cross-border money wires, according to The Wall …

Splitit Payments Ltd., a white-label buy now, pay later provider, has partnered with AliPay to offer Splitit’s Pay After Delivery option to consumers shopping on the AliExpress e-commerce marketplace. Pay After Delivery allows consumers to make a purchase using a credit card, then pay for it after delivery. The payment …

FreedomPay Inc. said its payments services will soon be available to Canadian merchants serviced by Moneris Solutions Corp. Moneris expects the FreedomPay integration to be available mid-year. Toronto-based Moneris, one of the largest processors in Canada based on transaction volume, says the integration will give merchants more tools and choices. …

Citcon USA LLC is partnering with Klarna AB to add Klarna’s payment services to its mobile wallet for in-store and online purchases. The move expands to Citcon merchants Klarna’s Pay in 4 buy now, pay later loans, as well as Klarna Pay in 30 and other Klarna financing products. Consumers …

Payments platforms have worked for years to find the key to winning and keeping merchants while also holding on to independent sales organizations, the agents that are key to signing up merchants. Now Netevia Group LLC thinks it’s found that key in banking. “It’s a pretty simple strategy,” says Vlad …