Mobile Commerce

The Department of Justice approved Capital One Financial Corp.’s $35-billion proposal to acquire Discover Financial Services, noting it does not see strong enough competition concerns to scrub the deal, which was first proposed by the two parties in February last year. PointsKash Inc. said it has concluded an agreement with Discover Network to issue …

Fraud costs merchants in the United States $4.61 for every $1 of fraud incurred, up 32% from $3.16 in 2022, according to LexisNexis Risk Solutions’ annual True Cost of Fraud Study. In Canada, fraud costs merchants $4.52 for every $1 of fraud incurred.  Driving the increase is that criminals are …

Visa Inc. will launch an updated Authorize.net, in what it calls a “reimagining” of the venerable gateway. Announced Thursday, the updated version will be available in the second quarter in the United States and in other markets later this year. Visa’s announcement was one of three it made, including a …

The e-commerce platform Shoplazza Corp. said it has upgraded its payments platform in an effort to streamline checkout and cut cart abandonment. Aurora Payments has launched a service for its Arise payment platform that replaces cardholder data with tokens issued by the card networks in an effort to cut fraud, boost approval rates, …

MoneyGram International Inc. said it will adopt Mastercard Move, the card network’s cross-border money-transfer application. Mastercard Move will enable MoneyGram users to initially send cross-border payments to 38 markets. Additional markets are expected to come online throughout the year. MoneyGram customers can receive payments through MasterCard Move at nearly 10 …

Transactions on the Electronic Payment Network, the automated clearing house network, operated by The Clearing House Payments Company LLC, totaled 20.7 billion in 2024, a 6.2% year-over-year increase, TCH reported late Monday. Dollar volume during the period totaled $56.4 trillion, a 7.6% rise from a year earlier. Dollar volume on …

Ingo Payments, a provider of account funding, transfer, and payout solutions, has chosen Marqeta Inc. to be the issuer processor for Ingo’s enhanced embedded-banking platform. The deal will help Ingo Payments provide its customers a scalable technology stack to develop financial products and bring them to market quickly, the company …

Two private-jet operators early Monday announced news about their acceptance of cryptocurrency, raising yet again questions about the usefulness of digital currency both for luxury spending and everyday shopping. Clearwater, Fla.-based Hera Flight said it has started accepting Bitcoin, Ethereum, and other cryptocurrencies for charter flights. Meanwhile, Paramount Business Jets …

QorPay Inc. reported Thursday that it has integrated its payment technology with Visa Inc.’s Cybersource unit to provide new merchant-acquiring and security services to its business customers. Founded in 2019, Scottsdale, Ariz.-based QorPay is a payment facilitator and independent sales organization that works with several banks and a software company …

Diners visiting a fast-casual restaurant—think Chipotle, Five Guys—are more likely to choose a mobile wallet to pay rather than a payment app, according to data from disbursement platform Onbe. In its Payouts Landscape Report, 56% of consumers prefer to use a mobile wallet for paying at a fast-casual restaurant, compared …