Mobile Wallets

Despite predictions that buy now, pay later loans will account for $680 billion in transactions by 2025, or about 12% of all e-commerce sales, the industry remains on a potential slippery slope when it comes to consumer protections, says a paper issued Monday by the Mossavar-Rahmani Center for Business and Government at …

The buy now, pay later trend continues to solidify into a permanent part of the payments arena, thanks to consumers who readily adopt the installment-payment service. Now, new research finds that many—82%—are drawn to it because they do not have to pay interest for the installment-payment benefit. New research from …

Fiserv Inc. said Arkansas Federal Credit Union now offers the Zelle peer-to-peer payment service via Fiserv.Till Payments, an Australia-based payments-technology provider, said it is marking its official debut in the North American market at this week’s Electronic Transactions Association conference in Las Vegas. In January, Till acquired Zips, the payment-processing unit …

To help merchants manage their business through a single device in a rapidly changing payments landscape, Block Inc. on Monday introduced the next generation of Square Stand, the countertop device that converts an iPad into a point-of-sale system. It is the first redesign of Square Stand since its launch in …

It’s a well-known fact that the pandemic drove consumers to e-commerce for goods they might otherwise have shopped for in stores, but now evidence is emerging that some of that increase in online spending is a result of steadily rising inflation. Consumers spent $83.1 billion online last month, up 7% …

Processor Adyen NV is poised to be among the first to offer Apple Inc.’s Tap to Pay on iPhone service to U.S. merchants. Sometime later this year the service will launch, enabling compatible iPhones to accept contactless payments without the use of additional hardware or payment terminals. Announced in February …

The commerce platform Bolt has agreed to acquire the cryptocurrency provider Wyre to enable consumers to spend crypto at Bolt merchants, which will receive fiat currency. Terms of the deal, which is expected to close before year’s end, were not disclosed.In related news, payments platform Nium said it has partnered with cryptocurrency specialist BitPay to allow …

At least a couple of banks—Bank of America Corp. and Wells Fargo & Co.—are proponents of expanding the Zelle peer-to-peer payments service to retail payments, The Wall Street Journal reported. Owned by Early Warning Services LLC, itself owned by seven of the largest U.S. banks including BofA and Wells, Zelle offers account-to-account payments. The …

Payments-technology provider MagTek Inc. on Tuesday launched the latest product on its DynaFlex platform, the DynaFlex II card reader, and also unveiled its DynaProx family of readers for transactions involving NFC mobile wallets as well as barcodes. The new technology follows a two-year span in which businesses have sought out …

Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …