Mobile Commerce

Mobile marketing specialist Vibes said brands sent 400% more mobile messages for buy online pickup in store and buy online pickup at curbside services in the 2020 fourth quarter than they did in the 2019 fourth quarter. Vibes predicted that both pickup options will continue to grow 45% in 2021.London-based digital payouts …

Payments provider The OLB Group Inc. announced Tuesday that its SecurePay payment gateway will support payment acceptance through social-media applications without requiring consumers to leave the app. To enable payments through such apps as Facebook, Instagram, Twitter, WhatsApp, TikTok and Skype, OLB is leveraging the application-programming interfaces for social-media platforms to …

With the two big payment networks set to raise by hundreds of millions of dollars the cost U.S. merchants pay for card acceptance, e-commerce merchants could see fee boosts while some segments—like travel-and-entertainment and low-ticket-value, quick-service merchants—could see some reductions.  In total, rate tweaks scheduled by Visa Inc. and Mastercard …

ACI Worldwide Inc. said its ACI Payments Inc. unit will support an Internal Revenue Service initiative to allow taxpayers, including those who are unbanked or underbanked, to make cash payments through a new digital barcode feature from ACI and InComm Payments’ VanillaDirect Pay unit.P97 Networks Inc., a provider of mobile payments …

Buy now, pay later specialist Klarna AB raised $1 billion in an oversubscribed equity funding round that pegged the company’s valuation at $31 billion. Major U.S. clients include Macys, Etsy, Sephora, Ralph Lauren, and Urban Outfitters.In related news, BNPL provider Splitit Payments Ltd. announced its merchant sales volume increased almost 180% in 2020 to …

The growing number of attacks targeting third-party developers’ payment applications, as well as the third-party applications into which the payments capabilities are integrated, is the impetus behind the PCI Security Standards Council’s decision to update the PCI Secure Software Lifecycle standard. Introduced this month, PCI Secure SLC Standard v1.1 is …

Payments provider Clearent LLC and Transaction Services Group, a New Zealand-based software and integrated payments provider, will merge and form Xplor Technologies, TSG announced. Terms were not disclosed. Both companies are part of investor Advent International’s portfolio. The combined company will serve more than 82,000 businesses that processed more than $27 billion …

Payment transactions within the financial-services sector had the dubious distinction of having the highest rate of fraud attacks in the second half of 2020, according to latest Cybercrime Report from LexisNexis Risk Solutions. Alpharetta, Ga.-based LexisNexis Risk Solutions says payment transactions in financial services had an attack rate of 3.6% …

Payment platform provider NMI’s acquisition of gateway provider USAePay for an undisclosed sum is based on the rationale that it better positions NMI to meet merchants’ need for connected, multichannel payment technology, which has become especially valuable in the face of the pandemic. It also bolsters NMI’s economies of scale. …

In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …