Working with an unnamed partner, commerce platform Shopify Inc. said it will launch Shop Pay Installments later this year. The option will let consumers at checkout split purchases into four equal installments at no interest.In related news, point-of-sale installment lender PayBright said Canadian fashion retailer Groupe Dynamite is offering PayBright’s service on the merchant’s …

Forty-five percent of U.S. consumers are ordering online more often than usual as a result of restrictions stemming from Covid-19, and 34% are making more purchases with contactless or mobile-payment options, according to an online survey of 807 U.S. adults by Auriemma Group, a financial-services consulting firm. The firm also surveyed consumers …

Twenty-seven percent of U.S. consumers are past due on an at least one bill and nearly 50% will need a year to catch up on bills because of the Covid-19 pandemic, finds a study from YouGov and ACI Worldwide Inc. Of the nearly 1,400 surveyed, 81% said their mortgages and 78% said …

In the wake of 2019’s major merger-and-acquisition activity in the payments industry, the impact of Covid-19 is affecting the timing of deals, capital availability, and the due diligence process. That’s the assessment from panelists in the “M&A Trends in a Pandemic World” session at Transact Connect, the Electronic Transactions Association’s …

The U.S. Commerce Department’s Census Bureau issued advance estimates for April’s seasonally adjusted retail and food-services sales totaling $403.9 billion, down 16.4% from March and off 21.6% from April 2019.In one indication of the toll the slumping economy is taking on consumers, store card issuer and processor Alliance Data said its overall delinquency rate …

In line with previous decisions from Visa Inc. and American Express Co., Discover Network said it is postponing its deadline for EMV capability at gas pumps to April 16, 2021. The original deadline was Oct. 16.Micro Merchant Systems, a provider of pharmacy technology, launched a service that allows patients to make contactless copays by …

The world’s response to Covid-19 already has accelerated trends underway in the payments business, and pandemic-spurred innovations will continue after the contagion eases, according to three senior industry executives. “The impacts of Covid-19 represent a true global reset of the entire market, not just our payments market,” said Philip McHugh, …

Amid stay-at-home and social-distancing orders, 40% of consumers say they will shop online more in the future than in-store, while 45% are using a mobile wallet and 16% are using paper currency less, according to a survey of 1,030 consumers by Fidelity National Information Services Inc. (FIS). Some 31% will use …

The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.Cardlytics Inc., which plans marketing programs based on intelligence gathered …

USA Technologies Inc. named Sean Feeney chief executive officer, effective May 8. Feeney most recently was CEO of DefenseStorm Inc., a provider of cloud-based cybersecurity management for financial institutions. USAT processes payments for vending-machine operators. Hudson Executive Capital, USAT’s largest shareholder, recently installed eight new directors on the company’s board after winning …