Marketing

Virtual payment cards have been around for more than a decade, but now they appear to be poised for big growth with the rise of e-commerce and the wide availability of digital wallets. Indeed, the volume of transactions arising from these cards will balloon from 28 billion worldwide this year …

Apple Inc.’s latest financial product, a buy now, pay later service called Apple Pay Later, has yet to arrive, though the iPhone operating system it was expected to require launched Sept. 12. Why is that? One Bloomberg columnist suggests Apple Pay Later, which was announced in June, may not arrive …

Fashion retailer H&M Hennes & Mauritz LP has partnered with the payments platform Blackhawk Network to offer business-to-business gift cards. H&M is expected to use the cards as employee and consumer incentives. “As our gift card program has continued to evolve, it has become a significant driver of sales for …

Square, the payment-processing unit of Block Inc., is integrating its Afterpay buy now, pay later service into its e-commerce products across Canada. Meanwhile, airline Allegiant introduced Allegiant Pay Powered by Uplift for flights, hotels, and car-rental bookings made by its customers. Uplift is a travel-specific buy now, pay later provider. …

Everybody knows the U.S. retail arena is changing, but a new report from Checkout.com reveals that four trends, among them the growth in digital payments, currently are most affecting it. Rising prices, consumers seeking new shopping channels, and increased competitiveness are the other three trends altering the retail landscape. United …

As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …

Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …

Having made a sale, independent sales organizations and merchant acquirers are loath to lose merchants to a competitor but they must contend with this turnover, called attrition, every day. POPcodes Inc., a smart point-of-sale terminal service provider, and Arcum Partners, an artificial intelligence firm, say they are working on reducing …

Payments-technology provide Bottomline announced it has acquired Nexus Systems, a vendor of payments-automation software the real-estate and property-management sector. Terms were not disclosed.Payments provider Stax launched Stax Bill, a service that provides automated billing software. It had been known as Fusebill, a company that Stax acquired in 2021.Loyalty network Engage People said it partnered with FreedomPay to …

In a move to automate much of the task of analyzing merchant statements, Merchants United LLC said it will use nRoad Inc.’s platform, which analyzes unstructured data in an effort to extract useful information from it. Charleston, S.C.-based Merchants United said the technology will help its bottom line because it …