Consumers holding Bank of America Corp. credit and debit cards now have access to the Paze online checkout following BofA’s declaration that all of its eligible cards are now enabled for the e-commerce service. Paze is an online-checkout service developed by Early Warning Services LLC. It is designed to provide …
Read More »46% of SMBs Using Credit Cards Are Better Off Now Than a Year Ago
The latest J.D. Power U.S. Small Business Credit Card Satisfaction Study finds that 46% of small businesses that use credit cards say their financial state is better than it was a year ago, with most—49%—describing it as about the same. The study delved into how small businesses use credit cards, …
Read More »Evolv Acquires EnzoPay and other Digital Transactions News briefs from 12/3/24
Payments acceptance provider Evolv Inc. said it will acquire payments provider EnzoPay and rename it Evolv Mid-Atlantic. Terms were not disclosed. The Fiserv Small Business Index dropped two points to 144 in November from October. Year-over-year small business sales increased 4.8% and total transactions were up 9.1%. Month-over-month sales were down 1.6% and transactions …
Read More »How Holiday Sales Are off to a Strong Start
Online shoppers spent a record $10.8 billion on Black Friday, a 10.2% increase from a year ago, according to preliminary data from Adobe Digital Insights. Online shoppers were especially active between 10 a.m. and 2 p.m. on Friday, spending $11.3 million per minute during that period. Products seeing the strongest …
Read More »Eye on Point of Sale: PushX Hospitality Debuts; SurgePays Completes PAX Integration
Hospitality platform provider PushX Inc. will launch its new mobile-payments and offers platform with a bar crawl it says is designed to showcase the customer experience, how merchants can push offers, and how it could enable faster service. Chicago-based PushX says the hospitality platform, announced Tuesday, can help consumers discover …
Read More »Holiday Shoppers Are Expected to Spend More This Year As the Season Gets Set To Kick Off
Consumers will spend a record $650 per person during Black Friday-Cyber Monday shopping events, a 15% increase from last year, according to a study from Deloitte. During the Black Friday-Cyber Monday period, 56% of consumers say they plan to spend more than half their holiday shopping budgets, compared to 47% …
Read More »Eye on E-Commerce: DoorDash Launches In-App Gift Card Shopping; Noodles’ First E-Commerce Store
Delivery-services provider DoorDash is bringing in-app gift card shopping to its app. Launching Friday, the new service relies on gift card specialist InComm Payments. Announced Monday, the service creates a digital gift card mall in the app, Incomm says. Consumers will be able to order physical gift cards from participating …
Read More »Small Businesses Have Work to Do to Attract Shoppers, NMI Finds
While 78% of consumers say they are willing to pay more to shop at small merchants to help those businesses flourish, most plan to shop at large retailers as the holiday shopping season kicks off, a survey from payments processor NMI says. When the holiday shopping season officially kicks off …
Read More »Online Shoppers Love-Hate Relationship with Generative AI; Sift Releases New Fraud Benchmarking Metrics for E-Commerce
Despite 71% of online shoppers being unaware they are interacting with generative artificial intelligence, about half say they see value in the technology when it comes to personalizing the online shopping experience and would be willing to share personal data to receive a more customized shopping experience, says a recent …
Read More »Discover Grows Its International Presence Through a Pair-Up With Telered in Panama
Discover Global Network continues to expand its international business through a deal with Panamanian payment processor Telered S.A. Telered manages the Sistema Clave, or Clave System, which Discover says is the largest interbank network of ATMs and points of sale in Panama. In business for more than 30 years, Clave’s …
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