Consumers making a mobile payment at least once a week increased to 58% in the first half of 2022, compared with 46% in the same period in 2021, according to ACI Worldwide Inc.’s latest 2022 ACI Speedpay Pulse survey.E-commerce specialist Signifyd said a survey it commissioned found that 66% of respondents cut back their …

Merchant acquiring is Fiserv Inc.’s largest and fastest-growing business, and in the second quarter it showed no signs of slowing down. Driven by technologies like Clover, a set of point-of-sale gear, and Carat, a fast-growing commerce platform, the acquiring unit posted $1.9 billion in revenue in the quarter ended June …

Network volumes and interchange revenues posted hefty increases at American Express Co. in the second quarter as consumers and businesses spent more while a recovery continues from the Covid-19 pandemic that hit two years ago. AmEx reported Friday that its network volumes totaled $394.8 billion in the quarter ending June …

Synchrony Financial is the latest entrant in the highly popular, and increasingly crowded, buy now, pay later market. The Stamford, Conn.-based provider of consumer-financing products is partnering with Fiserv Inc. to allow merchants using Fiserv’s Clover platform to offer BNPL as a consumer-financing option. Called SetPay in 4, Synchrony’s BNPL …

In-store sales growth continued to outpace that of online shopping in June, though e-commerce sales may get a big boost next week. According to the Mastercard Inc. SpendingPulse report, in-store sales increased 11.7% last month over June 2021, and were up 10.7% from June 2019. And, while e-commerce sales experienced …

The buy now, pay later trend is one of the hottest in payments. But rising rates, higher inflation, and stiffer rivalry could cool things off. Few trends in payments have been as explosive as instant credit online or at the point of sale, with no interest if the installments are …

After two years of stupendous growth, e-commerce is slowing. But is that the whole story? The numbers don’t lie, but they don’t tell the whole story, either, about what’s changing for U.S. e-commerce sales. Consider this. E-commerce sales as a fraction of total retail sales came to 10.2% in the …

Transact Campus Inc., a specialist in mobile identity and payments for colleges, announced students have conducted more than 100 million contactless mobile-wallet transactions since the company’s start less than three years ago.TenureX, a platform founded in 2020 to enable correspondent-banking relationships, has added an extension to its Digital Transaction Certificate …

The expansion of buy now, pay later payment options in the travel industry continued with the announcement Thursday that Uplift has signed Sun Country Airlines. Through Uplift, passengers on Sun Country flights can split payments for their tickets with three, six, or 11 monthly installments as an alternative to paying …

The confluence of the explosion in digital transactions the past two years, hyper-inflation, and pent-up consumer demand has created a perfect storm that is allowing fraudsters to lure consumers into online traps that result in financial losses. A recent report from Sift Science Inc. reveals that such scams account for …