The Covid-19 pandemic has helped fuel consumer adoption of mobile-banking apps by 67% of retail bank customers in the United States, up seven percentage points from 2020. And now no significant drop in consumer usage of these apps is expected as Covid-19 restrictions ease, says the J.D. Power 2021 U.S. Banking …

Heeding years-long requests from merchants for a solution to simplify sales-tax compliance, Stripe Inc. on Thursday introduced Stripe Tax, an application that allows merchants to automatically calculate and collect sales tax, value-added tax (VAT), and goods-and-services tax (GST) in the United States and more than 30 other countries. Spurring the need …

The trend toward providing merchants technology that unites their digital and physical payments acceptance and allows them to manage their operations from a single platform got another boost Tuesday with Israel-based Wix.com Inc.’s introduction of Wix POS. The solution allows merchants to accept in-store and online payments, including contactless and chip …

As part of its strategy to create an all-encompassing platform for merchants and their suppliers, Lightspeed POS Inc. on Monday announced the acquisition of two companies: Ecwid Inc., a consumer e-commerce platform, and NuOrder Inc., an e-commerce platform for suppliers, for a combined $925 million in cash and equity in …

Less than a month after Paysafe Group Holdings Ltd. announced processing online gambling transactions will become a primary focus for the company, the strategy is quickly paying dividends as the processor has expanded its relationship with Golden Nugget Online Gaming Inc. to Michigan. The deal is an outgrowth of online-gambling …

With the Covid-19 pandemic prompting consumers to adopt online commerce and mobile-banking apps in droves, Fair Isaac Corp. (FICO) is betting the latest release of its FICO Falcon Fraud Manager for Retail Banking will give financial institutions a leg up on detecting push-payment fraud. The fraud occurs when a consumer …

In an effort to stymie card-not-present fraud, which has been on the rise during the Covid-19 pandemic, American Express Co. on Wednesday announced its Enhanced Authorization fraud-detection application is being made available to three major platforms—those of Accertify Inc., Microsoft Corp., and Riskified Ltd.—via an application programming interface. While the …

With small and medium businesses looking to establish or expand their e-commerce presence, Wix.com Ltd., an Israeli-based provider of cloud-based Web-development services, is adding Skrill, a digital wallet and payments gateway operated by Paysafe Group Holdings Ltd., to its platform. Integrating Skrill will enable Wix merchants to accept credit and …

Building on what it says is its strategy to make electronic bill payment simpler and more accessible to consumers, doxo Inc. is offering consumers a bill-payment service that avoids fees.  The Seattle-based provider of digital billing and payment services says it is bypassing the transaction fees some billers, such as …

With consumers becoming more comfortable returning to in-store shopping as Covid-19 vaccinations roll out, J.P. Morgan is partnering with U.S. processor ACI Worldwide Inc. to enable merchants in Europe and the United Kingdom to offer in-store payment acceptance. The deal expands J.P. Morgan’s omnichannel processing presence by giving merchants a …