E-Commerce

The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …

Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …

Independent software vendors can integrate technology directly into Fiserv Inc.’s Clover point-of-sale terminals under Fiserv’s new platform-as-a-service program, the company announced.Processor Usio Inc. signed an agreement with independent software vendor BoosterHub LLC that will integrate Usio’s payment services into BoosterHub’s cloud-based software for thousands of school booster clubs.Payment gateway Cardknox Inc. said its processing capabilities can …

As part of its strategy to become a full-service payments provider and serve a wider consumer base, buy now, pay later provider Sezzle Inc. on Monday announced a partnership with Alliance Data Systems Corp. to offer Alliance Data’s Bread installment-loan service to Sezzle merchants. The partnership builds on a deal …

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

The Consumer Financial Protection Bureau order handed down Thursday that asks Google, a unit of Alphabet Inc., Apple Inc., Facebook Inc., Amazon.com Inc., Square Inc., and PayPal Holdings Inc. to turn over information about their payments products, plans, and practices has industry observers lining up on both sides of the …

International payments provider Klarna Bank AB acquired Inspirock, an online trip planner used by 25 million customers annually. Terms were not disclosed.In related news, Klarna said it is working with software-as-a-service platform provider Wix.com Inc. to enable Wix’s e-commerce merchants in 17 countries to accept payments through Klarna.Processor Lightspeed Commerce Inc. expanded its Lightspeed Capital program …

As part of its strategy to remove friction from the accounts-payable and accounts-receivable process for small and medium-size businesses, payment-technology provider Veem Inc. on Thursday announced a partnership with Q2 Holdings, Inc., a provider of digital banking and lending solutions. Under the terms of the deal, Veem will make its …

PayPal Holdings Inc. might buy the Pinterest social media company for approximately $45 billion in what would be the tech industry’s biggest takeover of 2021, Bloomberg reported.The Consumer Financial Protection Bureau has issued an order to Amazon, Apple, Facebook, Google, PayPal, and Square asking for information on how they use personal payment data …

Building on its strategy of expanding beyond payments acceptance, Stripe Inc. on Wednesday announced the acquisition of Recko Inc., a provider of payments-reconciliation software for Internet businesses. Terms were not disclosed. The deal follows the debut of new applications this year intended to carry out this strategy, such as Stripe …