Mobile Commerce

The leveling off of e-commerce activity continues as online prices, as measured by the Adobe Digital Price Index, fell 2.3% in May from a year ago. This is the ninth consecutive year-over-year decrease in online prices, Adobe Inc. says. Of the 18 categories tracked by Adobe, prices fell in 11 …

Amazon.com Inc.’s Just Walk Out payment technology is providing checkout-free shopping at Quick Six, a concept store at Six Flags Great Adventure, a Jackson, N.J., theme park. Announced recently, the store uses the Amazon-developed technology that requires consumers to scan a code on their cellphones that is tied to a …

Card issuers and banks in Canada that offer apps featuring personal financial management tools are scoring higher in customer satisfaction and engagement than issuers and banks that don’t, according to research by J.D. Power. In a series of studies conducted earlier this year, J.D. Power found that many Canadian banks …

As proponents and adversaries wrangle over the newly resurrected Credit Card Competition Act, a market-research firm has raised by more than one-third its estimate of how much the bill could save U.S. merchants. A year ago, the firm, Atlanta-based CMS Payments Intelligence Inc., calculated the bill would result in $11 …

Apple Cash users will be able to set up weekly, biweekly, or monthly Apple Cash payments in the iOS 17 iPhone software coming this fall, Apple Inc. announced. Users also will be able to present digital IDs stored in Apple Wallet to businesses, such as for age verification. More than 96% …

Chargebacks911 is setting the stage for an e-commerce world full of ever-increasing digital payment—and chargebacks, a frequent challenge to management. To help, it is bringing on two payments veterans, one who oversaw merchant acceptance at Apple Pay and another who led merchant services at Bank of America Corp. Eric Hoffman, …

The Securities and Exchange Commission sued cryptocurrency exchange Coinbase, alleging the company operates as an unregistered broker. The suit comes on the heels of a similar SEC action against Coinbase competitor Binance. U.S.-based stablecoin platform Circle Internet Financial LLC said its Circle Singapore affiliate obtained a Major Payment Institution license from the Monetary …

Worldpay, a unit of processor FIS Inc., has partnered with open-banking gateway and real-time payments network Volt to enable merchants to accept account-to-account payments from consumers. Through the use of application programming interfaces Volt will enable Worldpay merchants to initiate account-to-account (A2A) payments using open-banking technology. Open banking allows banks …

Two major practitioners of the art of payments orchestration have announced cloud-based payments vaults within hours of each other. Both new services, from Spreedly Inc. and Gr4vy Inc., promise sophisticated management of a wide range of payments data in a bid for more efficient transaction routing and settlement on behalf …

Sparing merchants card-acceptance fees is the fuel that has propelled alternative payments options, such as account-to-account transactions. One startup benefitting from this trend is London-based Sway Money Ltd., which enables merchants to accept account-to-account payments using a QR code and an off-the-shelf mobile device. Sway, which was incorporated in December …