In just a matter of months, this new e-commerce fraud has emerged to exploit weak or non-existent links between merchants’ online and physical stores. If you’re a retailer, what’s not to like about offering consumers the option to buy online and pick up in-store? Most customers who use the service …

Cash discounts are all the rage as merchants seek to lower payment card acceptance costs. But critics say cash discounts all too often are surcharges in disguise. Few topics last year drew more interest from independent sales organizations and merchant acquirers than cash discounts. Sessions about the pricing strategy were …

It was only a matter of time before the stars lined up to put digital-payment capability into automobiles. After all, where do U.S. consumers spend their time when not at rest? And what has been their favorite pastime, after sports, politics, or videogaming? As senior editor Kevin Woodward explains in …

Bits of Gold, said to be one of the largest cryptocurrency exchanges in Israel, has developed an application programming interface that allows merchants to accept cryptocurrency and receive value in the form of U.S. dollars or Israeli shekels. Cybersecurity news outlet The Hacker News said PayPal Holdings Inc. banned without explanation …

A subsidiary of Visa Inc. is offering to buy Earthport PLC, a London-based provider of cross-border payments for banks and businesses, for approximately $250 million in cash. The offer represents a 250% premium to Earthport’s six-month average share price ended Dec. 24 and has the endorsement of Earthport’s board of …

Restaurants are a coveted merchant segment for many acquirers and independent sales organizations. So, knowing how payments are changing and the impact that might have on this merchant segment is critical. First off, in 2019, the prospect for more consumers carrying, and wanting to use, contactless credit and debit cards …

A big office lease in downtown Oakland, Calif., suggests merchant processor Square Inc. is about to embark on a big expansion. Square on Thursday signed a lease for an entire 356,000-square-foot building that once was a Sears department store and after that was briefly owned by the ride-sharing firm Uber. …

Online merchants expect to battle fraud with added vigor during the holiday-season shopping frenzy. But now data released this week shows how fraud losses, and the costs of managing fraud, plague these merchants year-round. On average, e-commerce merchants sustained 142 successful fraud transactions each month this year, up 12% from …

After a lull of more than five months, merchant processor Square Inc. is resuming its attempt to obtain a bank charter. A spokesperson for San Francisco-based Square confirmed Wednesday morning that the company would refile its application the same day. Square in September 2017 filed for an industrial-bank charter from …

E-commerce technology provider 3dcart said its merchants can now offer Bread, an online financing service for consumer purchases, to their shoppers. Fidelity National Information Services Inc. (FIS) said consumers can redeem rewards points instantly at the pump at approximately 13,400 Shell stations nationwide through a new agreement between FIS and …