Speed is of the essence in e-commerce, which is why a recent report is welcome news for gateway providers. Omaha, Neb.-based research and consulting firm The Strawhecker Group says U.S. gateway operators have cut the average transaction time in half, to 1.6 seconds from 3.2 seconds only a year ago. …

Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …

BigCommerce Pty. Ltd., an e-commerce platform and online shopping-cart provider, is teaming up with payments provider Bolt Financial Inc. on an instant-checkout service for online merchants. Announced Tuesday, the service is available via a plugin for BigCommerce’s platform. Austin, Texas-based BigCommerce also released its Checkout JS Software Development Kit that …

U.S. gateway providers have cut the average transaction time in half to 1.6 seconds from 3.2 seconds only a year ago, according to data compiled by Omaha, Neb.-based researcher The Strawhecker Group. Derived from the firm’s Gateway Enterprise Metrics platform that debuted in 2017, the results show that the 12 …

The mobile-payments giants Alipay and WeChat Pay  are working hard to expand acceptance outside China, and the United States is a prime market. Here’s what that could mean for U.S. merchants— and for the comparatively less successful U.S. wallets. In the four years since its launch, Apple Inc.’s Apple Pay mobile-payment …

The first commercial implementation of 3-D Secure 2.0, an online fraud-prevention tool, appears to be here. Processor Adyen N.V. announced Friday the launch of its 3DS 2.0 service, claiming it is the first to be available to merchants. 3-D Secure 2.0 is an EMVCo-maintained standard that aims to curb online …

Back-to-school shopping means big dollars for many merchants. In fact, the National Retail Federation predicts parents will spend $82.8 billion, and both online and brick-and-mortar retailers are hoping to get a piece of the action. Unfortunately, so are the fraudsters. This year’s back-to-school shopping, already in progress, is sure to …

Paysafe Group said it is rebranding merchant acquirer iPayment Holdings Inc. as Paysafe “with immediate effect.” Paysafe acquired iPayment this spring for undisclosed terms. Rewards platform provider Cardlytics Inc. said revenue from Cardlytics Direct, the company’s primary product, hit $35.1 million in the second quarter, up 21% from a year …

It’s a fact of doing business that retailers have to contend with fraud. Now, the cost of managing fraud has increased, says LexisNexis Risk Solutions in its 2018 True Cost of Fraud report for retailers. For every dollar of fraud, merchants pay $2.94, a figure that is 6% more than …

Global investment in blockchain technology will double this year compared to 2017, reaching $1.5 billion, according to a new report from International Data Corp. Investment will increase over the next five years at an annual rate of 73.2%, Framingham, Mass.-based IDC forecasts, reaching $11.7 billion in 2022. “Enthusiasm for blockchain …