E-Commerce

Visa Inc. is banking big on its Visa Token Service with the addition of 20 acquirer, gateway, and technology companies signing up to offer the network token. The card brand Wednesday announced the additions, called requestors because they request tokens for the credit and debit cards processed through their systems. …

Prepaid card program manager Netspend Corp. and its business partners were scrambling Wednesday morning to clear up an apparent glitch preventing some users of a prepaid product for payroll from accessing their paychecks. Issuing partner MetaBank released a statement to news media indicating it is working to clear up the …

Marks Jewelers is the latest merchant to begin accepting digital currencies, including Bitcoin and Litecoin. Announced Tuesday by e-commerce platform Shopping Cart Elite, which is supplying the enabling acceptance technology, the move means the Montgomeryville, Pa.-based jeweler also accepts Bitcoin Diamond, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, and Zcoin for …

Payments-networking provider Transaction Network Services has agreed to acquire Advam, an Australian provider of unattended and e-commerce payments processing. Terms were not disclosed. E-commerce technology provider tru Payments LLC launched tru Shop-by-Payment, a cloud-based service that lets consumers shop for a new car and auto financing at the same time. Bill-payment specialist …

In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely made a misstep. But over the weekend the popular service said it will raise its fee from 25 cents to 1% for so-called instant transfers users make to move money from their Venmo account to …

American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …

Unless you’re talking about check-writing or cash usage, just about every measure of transactions and volumes in payments is up, up, up these days. But a new study from the Federal Reserve Bank of Atlanta says consumers actually made fewer payments in October 2017 than they did a year earlier. …

E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …

Online-commerce analytics firm eMarketer Inc. is out with its 2018 holiday spending forecast, and it has some encouraging news for merchant acquirers, especially those in the e-commerce and mobile-commerce space. New York City-based eMarketer’s “Holiday Shopping 2018: A Strong Economy Sets the Stage for a Spending Surge” report predicts total …

Merchants using CardFlight Inc.’s mobile point-of-sale app can now use a service called SwipeSimple Customers to help manage their customer data, card-on-file data, and payments, CardFlight announced Tuesday. Among the new features are the ability to create and maintain a customer database with an option to store payment card details …