Friday , March 29, 2024

E-Commerce

AmEx Posts Strong Numbers As It Looks to Add Card Features And Cardholders

American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …

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Visa Revenue up 9% And Other Digital Transactions News briefs from 1/26/24

Visa Inc. reported $8.6 billion in net revenue for its December quarter, up 9% year-over-year, on $3.9 billion in credit and debit card volume, up 7.8%. Apple Inc. announced changes to iOS, Safari, and its App Store to meet European Union rules, including new options on its App Store to use payment …

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PayPal Taps Multiple Updates for Its App And Venmo

A new way of shopping using the PayPal app and related services is in the offing. Announced Thursday, the update includes a one-click guest checkout experience, digital receipts PayPal calls Smart Receipts, a revised offers platform, and improvements to business profiles for Venmo, its social peer-to-peer payments service. The moves …

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Data Compromises Hit a New High As Cyber Criminals Leverage GenAI And New Attack Vectors

Data compromises reported in the United States reached a record high in 2023, totaling 3,205, a 78% rise over 2022 and up 72% from the then record high of 1,860 in 2021, according to the Identity Theft Resource Center’s annual Data Breach Report. It is the first time the number …

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Mastercard Tags Biometrics And Passkeys as a Fix for Passwords

Mastercard Inc. is taking on the problematic use of passwords with its new Biometric Authentication Service. Announced Wednesday, the new global service is meant to help resolve friction and vulnerability issues that arise from ceaseless passwords and multi-factor authentication prompts, Mastercard says. The service relies on standards from the Fast …

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Worldpay’s Gateway Ranking And Other Digital Transactions News briefs from 1/25/24

Payments research and consultancy firm TSG conferred its Best Performing Gateway award on Worldpay, with Elavon’s Fusebox in second place. The firm monitors gateway performance through its Global Experience Monitoring platform, which monitors credit card transactions across 30 locations around the world. Digital workflow provider ServiceNow announced a five-year agreement with Visa Inc. to …

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Mastercard Will Remain the Software Engine Behind the RTP Network

Mastercard Inc. has extended its partnership in a multi-year agreement with The Clearing House Payments Co., which operates the Real Time Payments (RTP) network. The deal continues Mastercard’s role as the network’s instant-payments software provider. The agreement will drive more volume through the RTP network by maintaining the network’s reliability …

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Eye on BNPL: Klarna Debuts a Subscription Service; PublicSquare Enlists Credova

Klarna AB, a buy now, pay later provider, is entering the subscription arena with the U.S. launch of Klarna Plus. For $7.99 a month, Klarna Plus enables eligible consumers to earn double rewards points on their purchases, pay no service fee when using Klarna at merchants outside of the Klarna …

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 Affinipay Adopts AI And Other Digital Transactions News briefs from 1/24/24

Affinipay, an e-commerce payments provider specializing in professional markets, launched a generative AI capability in its platform for law offices, including its LawPay service. Generative AI refers to predictive technology based on artificial intelligence. The cryptocurrency exchange KuCoin announced users of its KuCard debit card can spend their digital currency from their …

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Eye on E-Commerce: Nuvei Provides an API for Adobe Commerce; Citi Launches Citi Shop

Nuvei Corp. has partnered with Adobe Inc. to provide an application programming interface to Adobe Commerce customers that enables easier access to its platform. The API provides these customers access to more than 680 regional alternative payment methods. In addition to supporting an array of alternative payment methods, Nuvei’s API …

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Digital Transactions