E-Commerce

When it comes to fast growth, it doesn’t hurt to have huge merchant platforms like Amazon.com Inc. and Shopify Inc. in your corner, a proposition Affirm Inc. underscored late Thursday as it reported huge increases in merchandise volume, active users, and other indicators. “We feel great about our progress,” said …

U.S. retail sales in January, excluding automobile-related spending, grew 7.2% year-over-year, with online sales increasing 10.4%, according to the Mastercard SpendingPulse report. Sales were propelled by such factors as accumulated savings and wage growth, the report says.Payments-processing giant Global Payments Inc. reported revenue of $2.19 billion on a GAAP basis for the fourth quarter, …

Stripe Inc. said it will use technology from Celonis SE to improve its user onboarding process for e-commerce merchants.Payments provider Adyen NV said it will open technology hubs in Chicago and Madrid as it builds out a global processing platform. The company maintains more than 25 offices around the world.In related news, Adyen reported it processed …

While the number of publicly disclosed data breaches totaled 4,145 globally in 2021, a 5% decline from 2020, the bulk of those breaches occurred in the United States. Disclosed data breaches in the U.S. totaled 2,953, or 71% of the global total, according to Risked Based Security Inc. The number …

Apple Inc. launched Tap to Pay on iPhone, a service that enables U.S. merchants to accept Apple Pay and other contactless payment services with an iPhone and an iOS app. Long speculated, especially since Apple’s 2020 acquisition of Mobeewave Inc., which developed the ability to accept payments via an NFC link, Tap to Pay …

Fiserv Inc. has been an acquisitive company since its merger in 2019 with First Data Corp., and on Tuesday its top management said its latest acquisition will accelerate the company’s penetration of the growing market for digital-banking services provided not locally but through a cloud configuration. The $650-million deal for …

If the nation’s second-largest bank is any indication, total consumer payments are booming despite the pandemic, while digital alternatives are gaining ground fast, in part because of the pandemic. Bank of America Corp. reported early Monday spending by consumer customers in January rose 17% compared to January last year, resulting …

Processor Fiserv Inc. said it has agreed to acquire digital-banking developer Finxact Inc. Fiserv, an early investor in Finxact, will acquire total ownership interest for $650 million.Israel-based payments provider Nayax Ltd. said it has submitted a draft registration statement with the U.S. Securities and Exchange Commission for a potential U.S. initial public offering of …

Given the wild success of buy now, pay later loans, it’s no surprise fraudsters have found a way to get in the game. To help card issuers offering BNPL installment options post-purchase reduce the risk of fraud, Outseer, an authentication subsidiary of Bedford, Mass.-based data-security services provider RSA, on Wednesday …

Spurred by rising demand from consumers and businesses alike for real-time digital payments, the peer-to-peer payments service Zelle continued to post strong double-digit growth in transactions and dollar volume in 2021. The bank-owned network, operated by Early Warning Services LLC, reported its latest results early Wednesday. Consumers and businesses sent …