E-Commerce

As the effects of the economic stimulus pumped into the economy by the federal government during the pandemic wear off, consumers are having a harder time paying their recurring debts on time. A study released Monday by Achieve, a San Mateo, Calif.-based provider of debt-management programs for consumers, reveals that …

Just 38 app developers have so far applied to Apple Inc. to enable payment processors outside of Apple’s proprietary payment system, the iPhone maker said. That’s out of 65,000 developers that were eligible to apply, according to Bloomberg. The report follows legal action that required Apple to make the alternatives available for apps. Ohio-based …

Text-to-pay technology received a boost late Thursday as San Francisco-based fintech EarnUp Inc. launched a text-to-pay app for mortgage lenders. The white-label app allows lenders to send text reminders of upcoming mortgage payments with an embedded link to make payments using a debit card. Consumers can initiate payment using Apple …

Payments processors haven’t had it easy in recent years, what with a pandemic-led shift to e-commerce on the part of brick-and-mortar merchants, a deluge of new and more complicated point-of-sale technologies, and growth by industry giants like Fiserv Inc. and Global Payments Inc. But many of the midsize players grew, …

Mastercard Inc. has started processing card payments domestically in China, working with its partner NetsUnion Clearing Corp. (NUCC), China’s nationwide processing platform. Gift card and loyalty provider Factor4 completed an integration with commerce services provider Shopify Inc. that enables Shopify customers to sell and accept physical and digital gift cards in store and …

After months of speculation that Shift Payments Inc. was an acquisition target, company founder and chief executive and founder Jared Isaacman confirmed Thursday the company had indeed received multiple offers. The acknowledgment came at the outset of Shift4’s first quarter earnings call early Thursday. Despite the offers being “materially higher” …

Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …

Lightspeed Commerce Inc. announced it is supplying payments capability for the Myrtle Beach Area Golf Course Owners Association in South Carolina, which includes more than 70 golf courses. The Western Union Co. resumed service between the United States and Cuba after technical issues in January disrupted it. Payments provider Priority Technology Holdings Inc. reported $205.7 million …

The U.S. payments industry has celebrated the emergence in recent years of two major platforms for real-time payments, but what has insiders particularly excited is the potential for something called the request for payment, or the RFP, as they style it. “The RFP is the first real shift in how …

Point-of-sale terminal company Pax Technology Inc. launched Vendall, a payments system for vending machines, minimarkets, and other unattended markets. Nacha, the automated clearing house governing body, noted the 50th anniversary of its formation, noting there were 31.5 billion ACH network payments made in 2023 valued at $80.1 trillion. In related news, Phixius, a …