E-Commerce

Numbers from Fiserv Inc. early Tuesday indicate the big processor’s payments and network business for financial institutions is growing at a steady clip, with September-quarter revenue in that business up 5% year-over-year, to $1.71 billion in volume. Riding that wave, the company’s top brass late Monday announced a deal with …

Though the official launch of the Paze online wallet from Early Warning Services LLC isn’t slated until 2024, Paze executives are already demonstrating the product. As many as 150 million credit and debit cards from seven large banks could be loaded into Paze, complete with billing addresses, as Early Warning …

Prepaid payments platform Blackhawk Network said it is working with customer-engagement provider Extole to enable digital rewards and incentives for Blackhawk client merchants. U.S.-based Beame Technologies Inc. said it is working with authentication platform LISNR to offer BeamPay, a mobile-payments service, in Cabo Verde, Africa. U.S.-based business-to-business payments platform Balance said it is working with Hokodo, …

While rewards are the biggest reason consumers choose a credit card, cardholders believe issuers have more room for improvement when developing rewards programs, especially when it comes to personalization, according to Marqeta Inc.’s 2023 State of Credit report. The report reveals that 58% of consumers surveyed cited rewards as the …

Visa Inc. announced it will start a pilot in November for Visa AR Manager, a platform intended to automate more functions in commercial card acceptance. PayNearMe, a specialist in payments for iGaming and sports betting, will add to its MoneyLine platform the “Cardless Cash at ATM” feature from NCR Atleos Corp. …

Card companies with a heavy exposure to travel and entertainment spending took a beating during the pandemic, but that’s ancient history now so far as American Express Co. is concerned. The T&E giant early Friday reported its sixth consecutive quarter of record revenue, backed by strong cardholder spending and new …

J.P. Morgan Payments launched its pay-by-bank service, relying on open-banking technology from Mastercard Inc. The service lets customers pay bills directly from their bank accounts. Block Inc.’s Afterpay buy now, pay later platform announced a partnership with Nift Networks to offer users access to products and services offered by Nift. Point-of-sale system maker Revel …

The top management at Discover Financial Inc. said early Thursday its issues with regulatory compliance and merchant overcharges continue to cast a shadow over the company but could be on the way to being solved. The problems, which included misclassification of merchants resulting in overcharges for card acceptance, came to …

The audience for buy now, pay later loans is widening to include financially healthy consumers who don’t need the extended buying power BNPL loans provide. The reason, according to a report citing J.D. Power’s 2023 BNPL Satisfaction Study, released in August, is reasonable repayment terms. While some 28% of U.S. …

Ninety-nine percent of large enterprises—those with annual revenue of $1 billion to $9.9 billion—expect to send real-time payments in the next five years, found the 2023 AFP Real-Time Payments Survey released by the Association for Financial Professionals and sponsored by The Clearing House Payments Co. LLC. It also found that 77% of …