E-Commerce

Shoppers financing purchases during 2023’s Black Friday weekend are paying off their loans sooner than they were a year ago. Some 30% of BNPL purchases made during that period in the United States were paid off early, compared to 24% a year earlier, according to BNPL provider Klarna AB. Overall, …

Block Inc. posted double-digit increases in net income for its December quarter and for 2023, but its co-founder and chief executive let it be known late Thursday the company has work to do. “Across the board, we’ve been going through an exercise in how we work so we can move …

Alphabet Inc. will discontinue Google Pay, including its peer-to-peer payments capability, in the U.S. market on June 4, though it will maintain a Google Pay website.  In the place of Google Pay, which launched amid much fanfare in 2011, Alphabet is promoting Google Wallet, which appeared in 2022 with wider functionality than payments, …

Capital One Corp.’s proposed acquisition of Discover Financial Services may give Cap One an alternative network over which to route credit card transactions, but the deal will not create the “badly needed” network competition that passage of the Credit Card Competition Act would, the Merchants Payments Coalition argues. Without passage …

London-based buy now, pay later platform Zilch said it will launch in April an option allowing users to spread interest-free payments over three months. A trial of the service is in progress with 100,000 Zilch users. The company, whose main offering requires repayment over six weeks, claims 3.6 million users overall. Yardi, …

When it comes to online checkout, consumers like using digital wallets. Seventy-two percent of them value digital-payment tools like digital wallets to make the online checkout easier, says Paze in its inaugural Paze Pulse report. Paze is an upcoming digital wallet from Early Warning Services LLC. Backed by seven large …

AfterShip, an e-commerce service, said it has enabled merchant users to get real-time delivery updates and track orders through Apple Wallet. Fortress Payments, a fintech for credit card issuing and acquiring, said it will work with AI-software provider Paravision to update Fortress’s Payment Identity Platform via face-matching and “liveness” technology. …

Cryptocurrency as a payment method is only wanted by less than 1% of online shoppers surveyed in a Chargebacks911 report. The survey was performed by consulting and research firm TSG of 4,000 consumers. Payments platform ConnexPay said it is working with the UATP network and has launched its ConnexPay UATP card, a virtual card that …

The European Commission is planning to announce a fine of about 539 million euros ($500 million) on Apple Inc. next month after investigating a complaint from Sweden-based music app maker Spotify Technology SA regarding Apple’s policy of restricting apps from linking out to their own sites for services such as …

Payments provider NMI LLC announced Thursday the launch of NMI Payments, a modular embedded-payments solution that enables software companies and independent sales organizations to integrate and accept payments online, in-store, in-app, through mobile devices, and at unattended payment terminals, according to the company. NMI Payments integrates within existing applications and …