E-Commerce

Competition among point-of-sale system providers shows no signs of weakening among two top companies. Square, the acquiring arm of Block Inc., reported a 13% increase in its payment volume for the first quarter, while competitor Toast Inc. says its gross payment volume rose 22% year-over-year. Square’s first-quarter performance comes on …

FIS Inc. is counting on its tie-in with the AI developer Anthropic to pay dividends across several fields, starting with the battle against fraud, the company said early Friday. “The first target is financial crime,” said FIS chief executive Stephanie Ferris early Friday. “The [AI] agent will reduce investigation time …

Point-of-sale system and services provider PAR Technology Corp. posted $124 million first-quarter revenue, a 19.3% increase from $103.9 million in the 2025 first quarter. Part of the increase is attributed to a 15% year-over-year increase in quarterly subscription service revenue. It had a quarterly loss of $16.2 million, narrower than the year …

One Fiserv Inc. business stood out in the processor’s first-quarter earnings. Clover, its point-of-sale system and services unit, saw a 12% increase in its gross payment volume from the same quarter in 2025. That is despite a 9% decrease in Clover’s first-quarter revenue from lower hardware and data and analytics …

Global Payments Inc. spent most of last year launching its Genius point-of-sale platform, and now its focus is on reaping a return on that substantial investment, part of a $1-billion technology program the Atlanta-based processor embarked on earlier this year. That initiative also comes as the company focuses on integrating …

It’s heady days for payments and artificial intelligence applications as payments companies prepare for expected growth in AI-assisted commerce. This extends beyond online shopping with Verifone Inc.’s incorporation of AI into Commander, its point-of-sale system for fuel retailers and convenience-store operators. New York City-based Verifone says AI utilities are part …

Two months into the job, PayPal Holdings Inc. president and chief executive Enrique Lores appears to harbor no illusions about the sprawling payments company’s position. “We need to make significant changes,” he said early Tuesday as he opened the company’s March-quarter earnings call. That imperative, he said, stems from several …

Fiserv Inc. posted revenue of $5 billion in the first quarter, a 2% decrease from $5.1 billion in the 2025 first quarter. By segment, merchant solution revenue was flat at $2.4 billion, though the operating margin for it fell to 26.4% from 34.2%. Fiserv’s financial solutions segment at $2.3 billion was …

Small business sales, as tracked in the Fiserv Small Business index, were up 1.1% year-over-year in April, buoyed in part by a 2.8% increase in higher average tickets, finds the latest edition of the index. Released Monday, the index found the April increase in the average ticket was the highest …