Competitive Strategies

As e-commerce expands, issues pile up for both online merchants and their customers. One such problem concerns shipment tracking, a necessary function when packages go awry. That issue creates opportunity. Early Wednesday, Veho Tech Inc. announced an integration with the e-commerce giant Shopify that offers real-time delivery tracking data directly …

Small businesses dominate the U.S. economy, and two payments companies are taking steps to ensure they offer relevant services. First, Square added 3% cash back on Square Bill Pay transactions and the ability to pay vendors even if they don’t accept cards. And, with J.P. Morgan Payments’ backing, Dream Payments …

Francisco Partners has agreed to acquire Toronto-based Moneris Solutions Corp., a payments-technology developer, from Bank of Montreal and Royal Bank of Canada for $2 billion Canadian, or $1.43 billion U.S. The banks will each take half of the sale price. The two institutions have owned the Ontario-based processor as a …

Repay Holdings Corp. reported second-quarter revenue of $100.7 million, up 33% year-over-year, with $21 million contributed by Kubra Data Transfer Ltd., a bill-payment platform Repay acquired for $372 million in cash on June 1. Repay narrowed its net loss to $11.5 million from $108 million a year ago. Bill pay services …

As artificial intelligence continues to make gains in consumers’ purchasing decisions, most are not quite ready to fully trust an AI agent to make a purchase on their behalf, with just 35% globally wanting human approval before an AI completes a purchase, finds a new report from RTB House. Released …

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. …

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, …

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 …