Mobile Commerce

As readers of this article likely know, banks have traditionally kept customers’ financial data within their own closed systems. Open banking allows for financial data to be shared between banks and third-party service providers, using application programming interfaces. With open banking, consumers can dictate what data can be shared with …

Small businesses are failing to offer the online experiences Gen Zers and Millennials expect, especially when it comes to payments, reveals a survey by GoDaddy Inc., an Internet domain registry and payments-technology company. While 73% of Gen Zers and 83% of Millennials say a buy online, pickup in-store (BOPIS) option …

MiCamp Solutions said it increased its investment and involvement with Cocard, a unique owner-operated independent sales organization. Terms were not disclosed, though MiCamp said collectively the alliance will serve more than 46,000 merchants and process more than $40 billion in annual transaction volume. Payments provider Nuvei Corp. has agreed to process online transactions …

Software companies are a preferred client for payment gateways, with 74% of gateways targeting them in their sales efforts, according to the latest edition of the Payment Gateway Directory from TSG, formerly The Strawhecker Group. TSG says in addition to software companies as favored clients, 83% of gateways target merchant …

Shift4 Payments Inc. continues to build out its footprint in sports and entertainment venues through an expanded deal with the Orlando Magic of the National Basketball Association. Under the terms of the deal, announced early Wednesday, Shift4 will process transactions at all concession stands within the Amway Center, home of …

Nuvei Corp. launched card issuing in 30 markets in Europe with 2024 plans to expand it to the United Kingdom, the United States, and Latin America. The program enables clients to offer physical and virtual white-labeled cards. Payments-technology provider BHMI said it will market its software through a reseller agreement with NCR …

Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …

Digital gift cards are a hot product, and that’s attracting the interest of payments players looking to make acquisitions to enter or bulk up their assets in this market. In the latest deal, the Hamilton, Ontario-based point-of-sale payments platform Ackroo Inc. early Tuesday announced it has agreed to acquire the …

Square and Afterpay merchants counted 70 million transactions over the Black Friday-Cyber Monday holiday weekend, up 14% from the same period in 2022, Square said. In-person shopping increased 15% year-over-year. Amendments under consideration by Australia’s national government would impose on digital wallets like Apple Pay and Google Pay the same regulations as those enacted …

Holiday shoppers are projected to spend a record $12 billion to 12.4 billion online on Cyber Monday 2023, according to Adobe Analytics. Cyber Monday caps off the first weekend of the traditional holiday shopping season that begins Thanksgiving Day. Overall, Adobe projects online sales for the five days between Thanksgiving …