Mobile Commerce

The buy now, pay later concept is nothing new, but it took on momentum during the pandemic and may now undergo unstoppable growth in the next few years, according to RBC equity analyst Dan Perlin, who analyzed data on BNPL contained in the 2022 Global Payments Report recently released by …

Payments provider Trust Payments launched Stor, an e-commerce platform for small and medium-size businesses, and is inviting independent sales organizations, banks, and other third-party players to market the service to merchants. The new product is based on technology Trust Payments acquired earlier this year.NoFraud, an online fraud prevention service, released NoFraud Checkout, …

The world’s biggest card networks earlier this month reacted to the Russian invasion of Ukraine by closing their operations in Russia, and now some of the world’s biggest processors are beginning to report their exposure to those markets. For Paris-based Worldline S.A., it’s not trivial, but it’s not huge, either. …

Cannabis-payments platform CanPay said it has passed half a billion dollars in transactions, processing for more than 800 merchant locations in 31 in states.A cryptocurrency-investment platform called BitStore introduced a Mastercard-branded prepaid card that allows users to make payments at merchants with their crypto assets. Processing is handled by Alchemy Pay.Payments provider PayTrace Inc. announced it …

RocketFuel Blockchain, Inc., a provider of payment technology for Bitcoin and other cryptocurrencies, has finalized the integration of its payment solution with ACI Worldwide Inc. The integration to ACI’s Secure eCommerce platform will enable ACI’s more than 80,000 merchants to accept cryptocurrency payments with no processing fees. The partnership between …

Priority Technology Holdings LLC late on Wednesday reported $144 million in revenue for 2021’s December quarter and $514.9 million for the full year, increases of 35.7% and 27.4% year-over-year, respectively.  The Alpharetta, Ga.-based company, which ranks among the 25 largest merchant processors in the country, handles payments and related services …

Buy now, pay later options for consumers continue to grow. Nascent airline Breeze Airways will offer Uplift Inc.’s BNPL option to its travelers and Mastercard Inc. announced several more retailers joined its Mastercard Installments program. Sunnyvale, Calif.-based Uplift said it is the exclusive BNPL option for Breeze flights. The service …

Fraudsters targeted fintechs at an alarming rate in 2021, according to Sift Science Inc.’s first-quarter 2022 Digital Trust & Safety Index. The index reveals that the payment-fraud attack rate across fintechs within Sift’s network increased a whopping 70% in 2021 compared to 2020. The attack rate is defined as the …

Payments-technology provider XTM Inc. said it has added Apple Pay and Google Pay to its U.S. Today mobile wallet. The company says it has rolled out more than 100,000 wallets so far.Payments provider Nuvei Corp. said it will process payments for cryptocurrency by holders of the Ledger hardware wallet. With the agreement, holders can buy crypto …

Payments provider ACI Worldwide Inc. said its data indicate the number of tax payments made via a mobile device has increased 27% over the same time last year, while the dollar value has climbed 40%. Tax payments via credit card are up 13%, and have increased 8% by debit card. Dollar value …