Mobile Commerce

The private-equity firm GTCR said the previously announced $24.25-billion sale of processor Worldpay to Global Payments Inc. has closed. As a result of the transaction, GTCR will own roughly 15% of Global Payments’ equity, the investment firm said. GTCR acquired a majority stake in Worldpay in July 2023 from the processor FIS Inc. Global …

Lightspeed Commerce Inc. has launched Lightspeed AI, becoming the latest point-of-sale system and e-commerce platform provider to add an artificial intelligence layer to its platform. Lightspeed is integrating the app into its retail, restaurant, and NuOrder business-to-business platforms in an effort to provide merchants and business-to-business sellers with automated insights …

Payments platforms like Block Inc.’s Square point-of-sale service have long sought to find ways to build customer loyalty for the merchants that use their point-of-sale technology, and now other major POS device makers are also looking to build business by building business for sellers that use their technology. In the …

Payments and rewards platform PointsKash Inc. said it has signed a new independent software vendor (ISV) agreement with payments processor Paysafe, allowing PointsKash to integrate Paysafe’s processing capabilities into its app. NCR Voyix Corp. announced it has begun to outsource its self-checkout and point-of-sale hardware businesses to technology firm Ennoconn Corp. under a …

Point-of-sale technology developer Toast Inc. early Thursday announced enhancements to its Toast IQ AI assistant, an artificial intelligence-based app within the Toast platform that aims to provide retailers insights into how to run their businesses more efficiently. The Toast IQ AI assistant, which responds to natural-language prompts from users, allows retailers …

MagTek Inc. is the latest point-of-sale equipment maker to make Tap to Pay on iPhone available on its devices. And, Elo will preview its new self-checkout platform, Wallaby SCO. Seal Beach, Calif.-based MagTek says the contactless payment service Tap to Pay on iPhone is now available through its iOS Virtual …

PayPal Holdings Inc. said it will support the launch of Microsoft Corp.’s Copilot Checkout capability, part of the company’s Copilot technology. PayPal will enable discovery of merchant inventory and enable branded and guest checkout and credit card payments as part of the program. Modulr Finance Ltd. announced it is launching its real-time …

Online shoppers spent a record $257.8 billion from Nov. 1 through Dec. 31, a 6.8% increase from the same period in 2024, according to Adobe Analytics. Over the same period, daily e-commerce spending totaled or surpassed $4 billion on 25 days, compared to 18 in 2024. Cyber Week, the five …

Tower Payments, a high-risk merchant payment processor, launched a service for e-commerce sites selling nicotine pouches that restores credit card processing in the wake of a sudden account closure by the merchant’s existing processor. The service uses underwriting teams experienced with merchants selling synthetic and tobacco-derived nicotine products to guide …

The stablecoin hype is real. The pitch sounds irresistible: instant settlement, lower costs, fewer intermediaries. So, will the world move on from cards to stablecoins? Nope. Why not? Because it’s more nuanced than that. Stablecoins and cards aren’t competing for the same job. Rather, they solve different problems in the …