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 …
Read More »Tower Payments Launches New Solution for Online Nicotine Pouch Sellers
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 …
Read More »Nayax And Autel Get Set to Embed Payments in 100,000 EV Chargers
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 …
Read More »Customer Satisfaction And Card Usage Drop When Sellers Levy Credit Card Surcharges, Says J.D. Power
[Aug. 14] Credit card usage and cardholder satisfaction decline when merchants levy a surcharge to offset their card-acceptance costs, J.D. Power’s 2025 U.S. Credit Card Satisfaction study finds. When consumers are levied a surcharge, satisfaction scores drop 39 points to 602 on a 1,000-point scale, compared to consumers that have not …
Read More »Routable Adds FedNow to Speed Accounts Payable
[Aug. 15] Routable, a San Francisco-based accounts-payable platform provider, has expanded its support for real-time payments through connectivity to FedNow, the Federal Reserve’s 2-year-old real-time payments platform. With the addition of FedNow, Routable says its customers have the ability to send instant payments to as many as 85% of bank …
Read More »Affirm Partners With Stripe And Google Pay; Zip’s Chrome Autofill Integration
[Aug. 13] Buy now, pay later platform Affirm Holdings Inc. has expanded its partnership with Stripe Inc. to make its BNPL services available to in-store shoppers through the Stripe terminal. Stripe, which has deployed more than a million terminals, is making Affirm available as a payment method to physical merchants in …
Read More »Back to the Drawing Board on Debit Rates: Sorting Out Winners and Losers
[Aug. 8] With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the District of North Dakota …
Read More »The Fed’s Biennial Debit Report Sparks Merchants’ Ire
Fiserv Adopts Agentic Commerce Protocols From Visa and Mastercard
Fiserv Inc. looked to position itself at the forefront of agentic commerce early Monday with the adoption of protocols from Visa Inc. and Mastercard Inc. Fiserv will deploy Visa’s Trusted Agent Protocol across its payments system to authenticate, retrieve, accept, and process agentic transactions. Visa’s Trusted Agent Protocol identifies trusted …
Read More »Cannabis Payments Providers Applaud Reclassification of the Drug. Are Card Transactions Next?
POSaBIT Systems Corp., a payments processor specializing in cannabis merchants, and Dutchie, a software provider to more than over 6,500 cannabis businesses, late Thursday lauded the Trump administration’s decision to reclassify cannabis to a Schedule III drug as a move that could finally open the door for cannabis merchants to …
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