Competitive Strategies

Payments platform Repay Holdings Corp. launched REPAY Voice, a voice-response system using artificial intelligence to process consumers’ bill payments. Earlier this month, the company said it was working on a system to enable bill payments via text messaging. PAR Technology Corp., a specialist in restaurant point-of-sale processing, reported June-quarter revenue of $133.4 million, …

The buy now, pay later platform Splitit says it will offer its installment-payment services in the automotive-repair and services business through a partnership with 1stMILE, a loyalty and payments platform specializing in that industry. The move comes as many automobile-servicing costs are rapidly developing into necessary rather than discretionary transactions. …

Buy now, pay later provider Klarna AB said it completed an integration with J.P. Morgan Payments that enables merchants on the processor’s Commerce Platform to offer Klarna’s BNPL options at checkout with no integration on the merchant’s end. Fraud prevention services firm Signifyd said e-commerce fraud increased 33% this year over last in its …

Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount …

Point-of-sale technology provider Toast Inc. reported gross payment volume of $60.7 billion for the June quarter, up 22% year-over-year, as total locations served also grew 22%, to approximately 180,000. Revenue totaled $290 million, up nearly 28%, with net income totaling $154 million, a 93% rise. Also, BHW Hotels, parent of WorldHotels, Best Western, …

As more consumers consider how artificial-intelligence services can help with the shopping experience, payments and commerce providers are preparing. Minty, an AI shopping app, is now available to merchants on the Shopify Inc. platform. And, Pie Tech Inc. has received more funding, this time from Amex Ventures, to help merchants …

The Western Union Co. and payments-technology developer Rain have launched a digital wallet and credit card that can enable money transfers using stablecoins from a card-linked account. Called Stablecard, the product works with the stablecoin USDPT, also introduced Tuesday. Stablecard is going live in 37 markets, according to Western Union, …

Online merchants have built their e-commerce sites for human interaction, but the expected increase in artificial-intelligence shopping agents will require a new focus on data, says an IDC report commissioned by WooCommerce. Released Monday, the report forecasts that AI use will move $500 billion in digital spending to AI agents …