E-Commerce

Payments-platform provider Payroc LLC has launched PayByCloud, low-code, semi-integrated technology for independent software vendors that establishes a cloud-based connection between Payroc’s application hosted on a payment device and the Payroc gateway.  PayByCloud is intended to eliminate the friction of connecting software to payment devices in the cloud, without the need …

Nuvei Corp. said it has agreed to process e-commerce transactions for Galeries Lafayette UAE, a unit of French Department Stores LLC. Linnworks, an e-commerce inventory and order-management software provider, said it is working with Lightspeed Commerce Inc. to enable Linnworks clients to connect to Lightspeed Retail. Fintech Varo Bank N.A. announced it is offering a …

Banking giant Bank of America Corp. reported combined credit and debit card volume of $228.9 billion for the fourth quarter, up 3% year-over-year. The number of BofA users of the Zelle peer-to-peer payments network grew 18% to 21.5 million, while Zelle volume climbed 25% to $101 billion. Late in 2021, the …

Despite its formidable reach, the social-media platform X faces a steep climb to achieve its goal of launching a peer-to-peer payments service, according to payments experts. X, formerly known as Twitter, announced in a blog post earlier this week its plans to add P2P payments to its platform this year …

On Nov. 20, 2023, Mastercard Inc. announced that its Chinese joint venture with Netsunion to process domestic payments had been approved by the People’s Bank of China and the National Administration of Financial Regulation. Was it a victory for, or a mockery of, free trade? If this landmark approval were …

Sift, a provider of technology to prevent online fraud, said it has been engaged by Underdog, an online sports-fantasy platform, to prevent the use of stolen payment credentials. Darwinium, a fraud-prevention provider, said it will work with email-address technology from AtData to enable clients to identify fraudulent emails. Digital authentication …

The battle between merchants, on one hand, and financial institutions and payment networks, on the other, over the Credit Card Competition Act continues to heat up. The Merchants Payments Coalition on Thursday sent a letter to Congress signed by nearly 2,000 merchants, including hundreds of small businesses, calling on legislators …

The big U.S. payments processor Global Payments Inc. announced Commerz Globalpay GmbH, a joint venture with Commerzbank to offer digital-payments technology to businesses in Germany. Global Payments will hold a 51% stake in the venture. The United Kingdom-based retailer Co-op said it has moved its payments technology into a cloud configuration on a platform …

Affirm Holdings Inc. has extended its reach into the vacation-property rental market through a partnership with Evolve Vacation Rental. Consumers renting vacation properties through Evolve can use Affirm as a payment option for bookings exceeding $500. Consumers pay in monthly installments and as little as 0% interest. Evolve says it …

BitPay Inc. said Tuesday it will start adding dozens of cryptocurrencies to its platform this week in a move that includes a revamp of the company’s payments service. The Atlanta-based company, which has been processing crypto-based payments for more than 10 years, said it will start supporting more than 100 …