Payments provider Pineapple Payments said it has acquired a merchant portfolio from Paystri, an integrated-payments technology provider, and entered into a partnership with the firm. The size of the acquisition was not disclosed.Global e-commerce sales volume on Cyber Monday grew 21.5% in terms of value over Cyber Monday in 2018, outpacing sales …

While last weekend’s holiday-shopping extravaganza unleashed a geyser of payment transactions, it also uncorked a flood of potential fraud, data released Thursday show.  Online shoppers spent $7.4 billion on Friday alone, with Cyber Monday sales, which by definition are e-commerce transactions, alone estimated to total a record $9.4 billion, up …

The Accredited Standards Committee X9 Inc., which sets standards for financial services, said it has restarted its X9F5 working group, the committee that developed the original standards underpinning public key infrastructure (PKI). The new group will work on new PKI standards that will address needs in the financial-services industry apart from …

Formerly distinct holiday spending patterns are blurring, according to new data. The National Retail Federation reported Tuesday that Black Friday, traditionally known for swarms of consumers in stores, for the first time topped Cyber Monday, the Monday after Thanksgiving, for online shopping. And Adobe Inc.’s research unit reported that consumers …

Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

Prices for Federal Reserve payment services to depository financial institutions will go up by an average of 2.4% on Jan. 2 under a new fee schedule approved last week by the Federal Reserve Board of Governors. The Fed estimates Check Services customers will see average price increases of 3.3%. Users …

Jewelry retailer Pandora said it is standing by its 2019 sales guidance despite an eight-hour point-of-sale issue at U.S. and Canadian stores on Black Friday.American Express Co. said its Small Business Saturday promotion, which occurred Nov. 30, achieved a record with an estimated $19.6 billion in spending.With fewer people carrying cash, the Salvation …

Foundational changes in payments — the emergence of fintechs, a mobile-first approach by consumers, and the digitization of payment methods — are altering vital relationships in the industry. Two thousand twenty may be the year that many of the underlying changes various payments players have made in the last few …

Merchants have been skirmishing with networks and issuers over acceptance costs since the days of cardboard cards. As 2020 approaches, interchange rates are stable, but merchants are seeing more sales on high-cost rewards cards while paying more network fees. Not so long ago, if you wanted to get a card-accepting …

Merchant education can be a strategic advantage if you do it right. That starts with showing merchants how they can benefit from technology. Keeping up with payment technology is not easy for merchants. As if the learning curve for EMV, which is still rolling out in some merchant segments, wasn’t …