E-Commerce

There’s much more to PayPal Holdings Inc. than Venmo, but that’s where the payments industry’s spotlight has shone in recent months. So on Wednesday, PayPal for the first time revealed how many active users its peer-to-peer transfer service has: 40 million plus. Venmo users rang up $21 billion in volume …

Blockchain startup Bleumi Inc. announced Tuesday it has launched two services, Bleumi Pay and Bleumi Invoice, for cross-border remittances. Bleumi Pay, a gateway that works with so-called stablecoins to avoid the price volatility afflicting cryptocurrencies like Bitcoin. The gateway will allow businesses and merchants to receive payments via Web site, …

Payments provider Moneris Solutions Corp. launched Moneris Core, software that will run its new Verifone and Ingenico countertop devices. Point-of-sale software developer SpectrumSoft Inc. selected Electronic Payments and its TableTurn restaurant-management platform as a preferred vendor for payment-processing services. Business-to-business e-commerce payments provider Resolve Corp. announced that it has spun …

Visa Inc. announced Monday the debut of Visa Next, a platform for issuers and issuer-processors that enables such options as the ability to create new digital card accounts on demand and instantly activate and tokenize digital accounts for e-commerce and mobile-wallet use. Visa Next offers a series of application programming …

Being Number 1 when it comes to malicious online bot traffic is not the highest praise for the financial-services industry. But, that’s where the industry stands in the “2019 Bad Bot Report: The Bot Arms Race Continues,” released Wednesday by Distil Networks. Of the traffic tracked in the report, 42.2% …

American Express Co. reported first-quarter U.S. card-billed business of $195.5 billion, up 7% year-over-year. International volume slipped 1% to $100.2 billion, bringing AmEx’s total billed business to $295.7 billion, a 4% increase from $283.8 billion a year earlier. Discount revenue rose 5% to $6.2 billion. AmEx said its average worldwide …

In advance of a key European regulation taking effect late this summer, San Francisco-based payments provider Stripe Inc. has acquired Touchtech Payments, a developer of authentication software. Terms of the deal, announced Wednesday, were not disclosed. Founded in 2014, Dublin-based Touchtech specializes in code that establishes customer identities for financial …

Mobile-authentication technology provider Payfone Inc. raised $24 million in a funding round led by credit-reporting agency TransUnion with participation from previous investor Synchrony Financial and two institutional investors. TransUnion said it will integrate Payfone’s Trust Platform and Trust Score with its identity products, and become Payfone’s primary partner for regulated …

Independent sales organization Payroc LLC launched RewardPay and CashRewards, programs aimed at offering merchants card-network-compliant services for surcharging and cash discounts at the point of sale. A report from Transaction Network Services Inc. shows 26% of survey respondents in the United States, the United Kingdom, and Australia who own a …

Merchant-services platform provider Shopify Inc. on Monday launched its first North American brand campaign, a marketing effort aimed at entrepreneurs that could have the side effect of making Shopify one of those rare payment processors that has a modicum of brand recognition among consumers. The reason for that is that …