Friday , January 31, 2025

E-Commerce

Why Flywire Is Expanding Its Reach Into Cross-Border Business-to-Business Payments

Boston-based Flywire Corp., which for years has been processing tuition payments for students attending universities in foreign countries, is in the closing stage of a plan to enter the enormous market for processing payments between businesses in different countries. Pilots involving nine companies will run through the end of this …

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Chatbots Are ‘Disappointing,’ Says ShopChat, So It’s Rolling Out a Shopping Keyboard

Chatbots have been carrying out commerce on messenger apps only since last spring, yet already some observers are less than thrilled with the experience, says Zephrin Lasker, chief executive and cofounder of a startup called ShopChat. “Many companies are pursuing robot assistant chatbots to interact with people on messaging. These …

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UnionPay International’s Vast Reach and other Digital Transactions News briefs

• China-based UnionPay International says more than 41 million merchants and more than 2 million ATMs in 160 countries and regions now accept its UnionPay card, as do 10-million-plus Web-based merchants. More than 80% of U.S. merchants accept the card, the company says. • Point-of-sale terminal maker Equinox Payments said …

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With Its Surprise Higher Bid, Euronet Tries To Step on Ant’s Plan To Acquire MoneyGram

Euronet Worldwide Inc., owner of the Ria money-transfer service, early Tuesday announced a $1 billion bid to acquire Dallas-based MoneyGram International Inc. Euronet’s unexpected bid casts a cloud of uncertainty over the $880 million buyout offer China-based Ant Financial Services Group submitted for MoneyGram in January. Leawood, Kan.-based Euronet called …

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StubHub Users Soon Can Pay With Visa Checkout and other Digital Transactions News briefs

• Point-of-sale system maker E la Carte Inc. launched the PrestoPrime EMV Terminal designed for pay-at-the-table use. In addition to chip-card acceptance, the device also works with contactless payments, such as Apple Pay, Samsung Pay, Android Pay, and Quick Response code-based services. • Visa Inc. said StubHub users soon will be able …

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In the Wake of Euronet’s Bid, Ant “Remains Highly Committed” to Its MoneyGram Buyout

Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …

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An API Emerges to Let Businesses More Easily Exploit Same-Day ACH Processing

When the nation’s automated clearing house network introduced same-day settlement in September, it was only a matter of time before an application programming interface became available to simplify faster clearing. On Monday, that day arrived with Dwolla Inc.’s announcement that it was commercializing a same-day ACH API. The code, which …

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Petitioners Besiege Shopify and other Digital Transactions News briefs

• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …

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Activists Pressure Shopify To Drop Breitbart News as an E-Commerce Client

E-commerce platform provider Shopify Inc. is facing pressure to cut ties with a controversial client, the Breitbart alt-right online news site. On Thursday, activist groups plan to present a petition with 140,000 signatures at Shopify’s Ottawa, Ontario, headquarters, demanding that the processor cut off Breitbart as a client. The news …

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Klarna Allies With Radial As It Builds U.S. Market Share in Online And Mobile Payments

Up against formidable competitors like PayPal Holdings Inc., Sweden’s Klarna is seeking every edge it can find for increased U.S. market share in online payments. That effort received a boost on Tuesday with the announcement by omnicommerce specialist Radial that it has integrated Klarna on it platform, which supports hundreds …

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Digital Transactions