E-Commerce

Google has settled an antitrust lawsuit over its Google Play payment practices. The suit, filed in 2021, alleged the Alphabet Inc. unit levied fees up to 30% for app purchases made in its Google Play store. The practice, along with Google Play’s 90% share of all U.S. Android app distribution, …

Technology provider Bold Commerce launched a feature for its Bold Checkout platform that aims to make it easier for clients to expand the range of payment options they accept. Eastern Bank PLC, based in Dhaka, Bangladesh, will issue what is said to be the world’s first biometric metal card, with fingerprint-recognition technology from …

The digital revolution in payments, characterized by a surge in online transactions and the emergence of novel payment technologies, has been a double-edged sword. While innovations have streamlined commerce, they have also spawned intricate fraud mechanisms, compelling businesses to recalibrate their strategies for safeguarding their operations, reputation, and financial survival. …

Visa Inc. said it is expanding its Fintech Fast Track program, originally focused on card issuing, to include Visa Direct, the card network’s real-time payments platform. Visa has signed 42 new clients in the past year for Fintech Fast Track, which offers various Visa payment technologies to non-bank payments providers. In …

Tolling-technology provider Quarterhill Inc. said its Electronic Transaction Consultants unit has launched an E-ZPass interoperability hub to enable readily available electronic toll payments across regions of the United States. The move is considered a step toward nationwide toll-payment interoperability. Equipifi, a provider of buy now, pay later services for debit card issuers, …

The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …

Tokenized credentials are supposed to stop fraud by masking card account numbers when a transaction is processed, but according to Visa Inc. global losses owing to illegitimate tokens totaled $450 million last year. That’s bad enough to prompt the network to announce early Wednesday it is launching Visa Provisioning Intelligence, …

Buy now, pay later provider Zip Co. said U.S. merchants that accept Google Pay online can integrate Zip’s Pay-in-4 service, backed by WebBank, for Google Pay transactions. Trustly Group AB, an open-banking payments platform, announced its transaction volume on the Real Time Payments network increased 29% in the third quarter over the …

Discover Financial Services said its board of directors has appointed Michael G. Rhodes chief executive and president. Rhodes, who will take office on or before March 6, succeeds interim CEO and president John Owen, who will continue as a Discover board member. Rhodes comes to Discover from TD Bank, where he was …

BNPL providers are expanding the utility of the payment option by enabling consumers to finance gift card purchases. BNPL provider Affirm Holdings Inc. announced Tuesday it is partnering with prepaid card platform provider Blackhawk Network Holdings Inc. to allow consumers to purchase digital gift cards on Affirm.com or in the …