Mobile Commerce

Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …

E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …

When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …

Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …

Ackroo Inc., a point-of-sale marketing and payments platform, said it has closed on its acquisition of Simpliconnect, a cloud-based marketing service for service stations and convenience stores. Under the terms of the deal, Ackroo paid $750,000 at the close and will make six monthly cash payments of $125,000 starting July …

The number of cryptocurrency hacks globally reached 190 last year, setting a new annual record and exceeding 2021’s total by 44%, according to Comparitech. The value stolen totaled $3.57 billion, exceeding the combined total for 2019, 2020, and 2021. Some 82% of senders of remittances across borders said the cost of living has risen …

China-based UnionPay International announced 38 million merchants globally now accept the UnionPay card, four times the number 10 years ago, with 4 million added in 2022. UnionPay has issued more than 20 million cards internationally this year, bringing to more than 200 million the number of cards outside the Chinese Mainland. Former …

Dealer-Pay, a payments-technology provider for automobile dealerships, has integrated its platform with Dealertrack, a management system serving the same industry. Guarda, whose cryptocurrency wallet includes a prepaid Visa card, added five more digital currencies to the 14 it already supports. Supported cryptocurrencies include Bitcoin and Ethereum. Japan-based Smartpay has launched Smartpay …

MoneyGram International Inc. announced a partnership with bill-payment platform CellPay to expand bill-pay options for MoneyGram users while expanding acceptance for MoneyGram’s service to more than 30,000 billers. Some 3.46% of U.S. consumers opened a new credit card in November, down from 3.7% in November 2021, according to the December 2022 …

U.S. retail sales in the Nov. 1 to Dec. 24 period, excluding automotive, grew 7.6% compared to the same time in 2021, according to Mastercard Inc.’s SpendingPulse, which tracks in-store and online sales. E-commerce sales alone were up 10.6%. The calculation took account of all forms of payment but was not …