Online merchants' fraud losses will hit $3 billion in 2006, up 7% over last year, but the overall growth in e-commerce means fraud as a proportion of sales will dip slightly, to 1.4% from 1.6%. This mixed news comes as Web merchants adopt an increasing array of alternatives to bank-issued …

The links between the growing payment sectors of prepaid cards and online banking just got a little tighter with the creation by Online Resources Corp. of a new service that lets consumers buy private-label gift cards through their financial institutions' online banking and bill-payment sites. The service, called CardHQ, currently …

Gopuff, the online food and beverage delivery platform from GoBrands Inc., is now accepting SNAP payments (Supplemental Nutrition Assistance Program) for online orders nationwide. The deal makes Gopuff the first online delivery platform provider to receive approval from the United States Department of Agriculture to accept SNAP payments. As part …

Mastercard Inc. and Citi announced they are working on a service to offer cross-border payments to Mastercard debit cards in 14 markets, including the United States. Cardholders in these markets will be able to receive payments from Citi clients in near-instant transaction times. Citi is using Mastercard Move, the card brand’s …

Drug store chain Walgreens announced it is enabling online SNAP/EBT payment acceptance via Instacart nationwide at more than 7,500 Walgreens stores, including more than 100 Duane Reade stores in New York. Most Walgreens locations already accept SNAP/EBT payments in store. Walgreens also added DoorDash Inc.’s SNAP/EBT acceptance earlier this year. In related news, Instacart also announced …

Payment processing is vital to online retailers’ operations. A quick and easy checkout experience can be the difference between a completed sale and an abandoned shopping cart. That’s why, with its ability to optimize transaction paths in real time and provide a multitude of benefits, dynamic payment orchestration is critical …

Online grocery sales, which surged during the Covid pandemic as consumers avoided in-store shopping, continue to grow at a rapid pace, though the pandemic ended 13 months ago, according to the World Health Organization. Sales of groceries online, which include curbside pickup, increased 30% year over year in May, according …

Online shoppers in the United States spent a record $222.1 billion during the holiday shopping season that ran between Nov. 1 and Dec. 31, a 4.9%increase from the same period a year earlier, according to Adobe Analytics. November was a strong month for online holiday purchases, with consumers spending $123.5 billion …

Digital ordering took off when the pandemic set in, and while Covid has subsided, the appetite for online ordering and payment has only surged among restaurants. Now the trend has claimed a major chain that until now had proven resistant to the technology. Olo Inc., a New York City-based dining-technology …

Online shoppers spent a record $12.4 billion on Cyber Monday, a 9.6% increase from the previous year, according to Adobe Digital Insights. The peak spending period came between 10 p.m. and 11 p.m. Eastern Time, when consumers spent $15.7 million every minute during that hour. Buy now, pay later was …