Some Shopify Inc. merchants will be able to get their products in front of more online shoppers via a deal the e-commerce platform has struck with Target Corp. Announced Monday, the deal enables select Shopify Inc. merchants to feature their products on Target Plus, the retailer’s third-party, curated marketplace. Target …
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AmEx Looks to a Pair of Acquisitions to Raise Its Game in the Hotly Competitive Dining Market
American Express Co. early Friday announced it is acquiring Tock, a restaurant-reservation application, from Squarespace Inc. for $400 million, and Rooam, a contactless-payment platform for restaurants, bars, music venues, and arenas, for an undisclosed sum. Launched in 2014, Tock provides reservation, table-management, and event ticketing capabilities to 7,000 restaurants, wineries, …
Read More »Working with Elavon, Delta Adopts Tap to Pay on iPhone for U.S. Flights
Delta Air Lines Inc. is adopting Tap to Pay on iPhone for its U.S. flights, a move made in conjunction with processor Elavon Inc. Delta has long accepted card payments on flights, having adopted a card-only policy in 2009 for North America flights, The Atlanta Journal-Constitution reported then. The move …
Read More »Eye on Deals: Corpay’s Bid for GPS; JG Wentworth Snaps Up OttoPay; RevoluGroup Looks to Sell Its Spanish Unit
Corpay Inc. has reached an agreement to acquire GPS Capital Markets LLC, a provider of cross-border and treasury management technology for businesses primarily in the United States. Terms of the deal, which is expected to close in early 2025, were not disclosed. Founded in 2002, GPS Capital Markets provides corporate …
Read More »FEVO Picks Shift4 for Processing
FEVO Inc., an online shopping tool that enables consumers to share purchases with their friends, says it will use Shift4 Payments Inc. as its preferred payment processor for all music festivals and general-admission events. New York City-based FEVO’s model is built on enabling consumers to shop together without leaving a …
Read More »Apple Pay Later Is Shutting Down in Favor of Third-Party BNPL Providers
Apple Pay Later, the buy now, pay later product from Apple Inc. released just over a year ago, is shutting down. The move comes after installment-payment specialist Affirm Inc. confirmed it would be part of Apple Wallet when the tech giant’s annual software updates for iPhones and computers emerge this …
Read More »A Fight Over an Illinois Interchange Prohibition Law Is Far From Over
Groups representing Illinois financial institutions, along with the Electronic Payments Coalition, say they will fight to overturn the Illinois Interchange Fee Prohibition Act, which was passed earlier this month and is set to go into effect July 1 next year. Opponents of the bill are continuing an ad campaign to …
Read More »Eye on Ticketing: Shift4’s San Diego FC Ticket Win; Passport Preps for College World Series
A new soccer club in San Diego will use Shift4 Payments Inc. for its ticketing transactions, while Passport Inc. readies its parking expertise for the NCAA Men’s College World Series this week. Allentown, Pa.-based Shift4 says its payments technology will undergird ticket transactions for the new Major League Soccer team, …
Read More »The Big Credit Card Settlement Now Appears to Be Headed for a Trial. Who Will Win?
With the judge in the massive credit card interchange litigation apparently insisting on a trial, a new and unsettling element of uncertainty now hangs over the nearly 20-year-old case, in which merchants allege anti-competitive behavior by the big credit card networks in setting interchange fees. The latest development comes nearly …
Read More »CardFree Enlists AI To Get Consumers To Spend More
Everyone has encountered the upsell. It’s the extended-warranty offer when buying a TV, or the ask to add a Danish to the coffee you just purchased. Now, CardFree Inc. has released a tool to help merchants automate the upsell with its new Smart AI Upsell feature. A component of CardFree’s …
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