Digital payments last year generated $354 billion in economic output and supported more than 2 million jobs in the United States, says a report from the Electronic Transactions Association. In addition, each job directly related to digital payments supported an additional 2.6 jobs in the economy outside the digital- payments …

The proposed Credit Card Competition Act staged a comeback Tuesday with a huge boost from President Trump, who endorsed the bill on the Truth Social platform the previous day. The President’s backing breathes new life into the bill, which has been bandied about Capitol Hill for years. The last major …

The Electronic Payments Coalition and other banking industry groups late Monday warned that enacting President Trump’s proposed one-year 10% cap on credit card interest rates would cause the majority of credit card holders to lose access to credit. President Trump, who first floated the proposal during his 2024 presidential campaign, …

Artificial intelligence is playing a significantly bigger role in online shopping, according to Adobe Analytics. During the 2025 holiday shopping season, AI referrals generated a nearly seven-fold increase in online retail shopping traffic,  compared to a year earlier, Adobe says. At the same time, conversion rates from AI referrals were …

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 …

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 …

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 …

Nayax Ltd., a fintech that among other services provides payments-acceptance technology for electric-vehicle chargers and other self-service scenarios, on Monday expanded its footprint in EV charging Monday through a partnership with Autel Energy, a provider of EV chargers. The deal calls for Nayax to embed its payment technology into an …