A handful of U.S. retail outlets owned by luxury-goods retailer LVMH Group will offer Tap to Pay on iPhone later this year, the Paris-based company announced Wednesday. Tap to Pay on iPhone enables merchants to accept contactless payments using a payment-acceptance app and an off-the-shelf iPhone. The service, announced in …

Some 38% of U.S. small businesses have tried generative AI tools—27% for fun and another 11% to run their businesses—according to an April survey of 1,003 businesses by Web-site provider and payments platform GoDaddy Inc. Such payments companies as Stripe Inc. have incorporated chatGPT, a form of generative AI, to support their …

Deluxe Corp. said it and Echo Health Inc. have formed a joint venture called DPX Payments to provide payables services to the middle-market and will offer a disbursements platform. ACI Worldwide Inc. said its 2023 Prime Time for Real-Time Payments report found the Middle East as the fastest-growing region for real-time payments globally, …

Amazon.com Inc. reported first-quarter revenue from “other sources” of $1.03 billion, up 55% year-over-year. The “other” category includes revenue from the massive online retailer’s cobranded credit cards. Total revenue from products and services for the quarter was $127.4 billion, up 9.5% year-over-year. Law firm BakerHostetler released its 2023 Data Security Incident Response …

Payments-technology provider Ingenico launched its AXIUM Payment Experience, dubbed APEX, an app intended to make it easier for businesses to craft payments apps. U.S. payments provider InComm Payments introduced a new unit, InComm Payments Brazil Technology Ltda., to expand the company’s operations in Brazil. Embedded-finance specialist Maast launched a set of new technologies aimed at making …

Square, the point-of-sale and e-commerce unit of Block Inc., Wednesday announced the launch of Tap to Pay on Android for merchants in the United States, Australia, Ireland, France, Spain, and the United Kingdom. The technology will enable Square merchants to accept contactless payments with a compatible Android device, such as …

Shift4 Payments Inc. announced it will provide payment acceptance services for the Baltimore Orioles at concession areas throughout the Major League Baseball team’s Oriole Park at Camden Yards stadium. Shift4 also will handle payments at Oriole Park merchandise locations through a deal with sports merchandising firm Fanatics Inc. Weave, a technology …

ChatGPT, the artificial intelligence-based chatbot developed by OpenAI, is being rolled out by Klarna AB to provide what the payments platform calls personalized and intuitive shopping experiences. Online shoppers will be able to ask Klarna, through the chatbot, for product recommendations, as well as receive links to shop recommended products …

Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …

The big processor FIS Inc. may be a possible acquisition target of Visa Inc., according to news reports that emerged last week. The card network reportedly was eyeing FIS before the processor announced last month it would spin off its Worldpay processing unit but might still bid to acquire all or part of the …