Acquiring

The buy now, pay later trend is getting hotter with the summer. PayPal Holdings Inc. announced early Wednesday it will offer a plan allowing consumers to split large purchases over a period of six to 24 months. The monthly payments will incur interest and will apply to transactions valued between …

Data from Signifyd’s Ecommerce Pulse report found that retailers experienced a 142% increase in omnichannel sales in May from May 2021.Grubhub, the food ordering and delivery app, said it has added PayPal Holdings Inc.’s Hyperwallet and Visa Direct, Visa Inc.’s real-time payment service, to allow drivers to receive immediate payouts.Software provider Marketing 360 launched …

Despite inflation hitting a 40-year high, consumer spending during the back-to-school season is projected to increase 7.5%, excluding automotive sales, from 2021 levels, according to Mastercard Inc.’s SpendingPulse, which measures in-store and online retail sales across all forms of payment, not adjusted for inflation.  Department stores are expected to be …

Payments provider Sionic announced a service that allows consumers to pay merchants at the point of sale via real-time transfers from the consumer’s bank account to the merchant’s bank account. The service includes incentives merchants can use to induce consumers to use the service in preference to rewards credit cards.XTM Inc. announced it …

Signs continue to mount that peer-to-peer payments are being adopted by businesses, and in turn could be encroaching on card payments at the point-of-sale.  A recent survey of 530 small businesses conducted by The Strawhecker Group and titled “P2P Payment: A Disruption To Plastic?” reveals that 82% of small businesses …

Fiserv Inc. said more than 300 sports and entertainment venues are now using Clover Sport to provide payment and marketing services to fans. Clover Sport is based on Fiserv’s Clover point-of-sale technology.MoneyGram International Inc. launched a service that supports money transfers via the Stellar Network’s public blockchain and USD Coin, a stablecoin from Circle Internet …

Mastercard Inc. said it is working with seven companies to enable its branded payment cards to be used for making non-fungible token purchases. NFTs are digital goods.Sardine, a provider of anti-fraud and compliance technology to fintechs, said it will work with cryptocurrency-technology provider Zero Hash to enable instant settlement on the …

When Apple Inc. on Monday announced Apple Pay Later, its buy now, pay later program, the computing giant added an unexpected twist. The new program will not rely for financing on Goldman Sachs, Apple’s long-time partner for Apple Pay. Rather, Apple is setting up its own unit, to be called …

Online spending in May totaled $78.8 billion, more than $1 billion above April, said Adobe Inc. in its Adobe Digital Price Index.E-commerce platform WooCommerce said it has enhanced its card reader to add the ability for merchants to enter an order in the WooCommerce mobile app and automatically synchronize inventory between in-person and …

While companies have been steadily moving towards digitalized payments, checks remain a large portion of the business-to-business payment ecosystem. To help accelerate the trend away from paper checks and toward digital payments, Fiserv Inc. announced a partnership Wednesday with Checkbook Inc., a push-payments processor, to enable its Carat operating system …