Small businesses using Square Inc. will be able to use turnkey UPS shipping services integrated into Square Online Store, the acquirer’s e-commerce platform, UPS announced. The Square-UPS deal includes special shipping rates that could be up to 55% off UPS daily rates.Amazon.com Inc. reported it now has more than 150 million Prime members …

News emerged Wednesday from PayPal Holdings Inc.’s earnings call that Visa Inc. will serve as the network for a Venmo credit card PayPal announced in October. This development follows by one week PayPal’s announcement that it has struck a deal with UnionPay, China’s payment card giant, to integrate UnionPay cards …

EBay Inc. plans to expand its managed-payments program dramatically starting in the second half of next year, officials said Tuesday. Introduced last year, the program depends on a gateway from Adyen NV and now operates in the United States and Germany. “We will go hard at not only the markets that we’re in …

Visa Inc. is among backers of an $80-million investment in Currency Cloud Ltd., whose software runs cross-border payments for financial apps, primarily in Europe. The funding round, co-led by Visa and SAP’s venture-funding unit Sapphire, included backing from Google. The funding follows Visa’s $5.3-billion deal to acquire Plaid, whose software enables fintechs …

New York City became the third U.S. city to ban cashless-only payments in restaurants and stores with the passage Thursday of a measure to prohibit merchants from refusing to accept cash. San Francisco and Philadelphia have similar bans, as does the state of New Jersey.  Originally proposed by New York …

Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …

Across multiple industries, workers and consumers are increasingly looking for right-now funding. Businesses that want to thrive will have to meet that expectation. In a world where instant gratification is king, Freddie Mercury’s famous lyrics have never rung truer: “I want it all, I want it all, I want it …

Are digital wallets prepaid accounts? A federal regulator says yes. PayPal just said no. Much is riding on who’s right. Time was, it was pretty clear how to tell a prepaid account. Almost always, it consisted of an account held by a bank or merchant and funded by somebody who …

A new PCI standard for using off-the-shelf mobile phones and tablets to accept tap-and-go payments should open the door for more contactless transactions. How much more is another question. It’s the ultimate conven­ience for a harried merchant: just whip out a regular smart phone or tablet and ask the customer …

A fight is brewing over the future of mobile wallets. On one side is the Consumer Financial Protection Bureau, which believes that the heart of every mobile wallet is a prepaid card. On the other is PayPal, which believes that mobile wallets are so different that they should not be …