E-Commerce

Signature Bank on Sunday became the latest domino to fall in a reckoning that is expected to have widespread ripple effects not only for banking but for the burgeoning cryptocurrency industry. The New York City-based bank, closed by state regulators, is said to be the third-largest bank failure in U.S. …

Digital-currency operators are working behind the scenes despite a depressed outlook brought on by the collapse of the major exchange FTX and a general rout in most cryptocurrency values. One example is Mercuryo, a London-based fintech, which on Friday said it has introduced a banking-as-a-service (BaaS) application that enables digital-asset …

With a rapidly growing market, increased competition, and more ways to advance than ever on the front end, payments organizations around the world are finding it hard to keep up with changing consumer demands. The success of the industry, although often celebrated, does not negate the sheer pressure that back …

Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …

Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …

In an expansion of the Just Walk Out technology that powers cashierless Amazon Go stores, Amazon.com Inc. is partnering with Transact Campus Inc., a provider of campus identification systems that enable student access to buildings and payments for such campus services as dining, laundry, and vending. Under the terms of …

Shift4 Payments Inc. has been cementing its position as a major payments provider for stadiums and arenas, and early on Wednesday it announced a big move into a closely related market: online ticketing. The Allentown, Pa.-based processor said it will handle payments for all tickets sold through Premier Productions’ iTickets.com …

Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …

Businesses are increasingly looking for software developers that can integrate payments and other traditional banking products and services and generate new revenue for the platforms that offer them, according to a recent report from The Strawhecker Group (TSG) and KeyBank. The trend, known as embedded banking, is a way for …

Mercedes-Benz’s new Mercedes pay+ in-car payment service is coming to five models manufactured by the Germany-based luxury-car maker. Though earlier efforts from a variety of car makers put in-car payments on the road, Mercedes-Benz is the first, with its Mercedes pay+ technology, to use Visa Inc.’s Delegated Authentication and Cloud …