Mobile Commerce

U.S. payment volume growth was still in negative territory in May thanks to the Covid-19 pandemic, but the picture was brighter than it was in April, Visa Inc. reported late Monday. “In May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April,” Visa said …

Konnect Solutions Inc. introduced a mobile-payments service for restaurants that allows customers to pay inside or in drive-throughs by choosing the restaurant’s local WiFi wireless access point to view a menu, place an order, and access the restaurant’s point-of-sale system. They can pay on their phone or use options offered by …

Mobile devices have captured more than 50% of online purchase transactions in many large countries, according to new research findings from comScore Inc. Mobile wallets, however, still account for only a minority of total mobile purchases. Reston, Va.-based comScore, which researches Internet usage, says mobile’s share of online transactions rose …

Vesta, a vendor of fraud-fighting technology, said it has received a $125 million growth-capital investment from Goldfinch Partners.Fiserv Inc. said True Sky Credit Union will move to its platform for core account processing, including access to the Zelle peer-to-peer payments network.Mastercard Inc. launched Recovery Insights, a set of data and tools aimed at …

Fully 25% of U.S. merchants that accept payment cards experienced a drop of 56% or more in card volume in April compared with February, finds a new study from The Strawhecker Group. After analyzing billions of transactions from more than 1 million card-accepting merchants across the United States, the Omaha, …

Visa Inc. appointed Chris Newkirk as chief strategy officer, a newly created position in which he will lead strategic planning for Visa overall and work with Visa’s regional teams. Newkirk, who will report to chairman and CEO Al Kelly, comes to Visa from Capital One Financial Corp., where he held a …

Pundits have argued for weeks that the Covid-19 pandemic is shifting consumer payment habits away from anything that requires touching publicly available devices, and now that trend is showing up in that most mundane of activities, parking a car. To be sure, parking transactions even via a mobile app have …

After years of working with Internet firms and payments and tech companies to develop its authentication standards, the Fast IDentity Online (FIDO) Alliance on Wednesday unveiled a Web site to familiarize consumers with its work and a symbol that indicates a Web site or device is using its technology. The …

ACI Worldwide Inc. said its real-time payments platform, UP Immediate Payments, has added application programming interfaces to ease integration with mobile wallets, e-commerce portals, bill-pay apps, social-media payments, and other applications.Payments provider Klarna AB said it has an agreement with musical-instrument maker Fender to provide a payment option offering four equal installments on …

A new report from CardFlight Inc., a point-of-sale technology provider serving more than 60,000 small businesses through its SwipeSimple service, shows merchant activity climbing back to just about where it was in early March when the Covid-19 outbreak began to hit the economy hard. Total sales in the SwipeSimple merchant …