E-Commerce

The Zelle peer-to-peer payment network processed $120 billion on 436 million transactions in the second quarter, up 58% and 68%, respectively, year-over-year, according to network operator Early Warning Services LLC.Card-present transactions at small businesses are up 83% over the pre-Covid baseline of March 2020, according to the latest CardFlight Small Business Report. The …

PayPal’s boss made a declaration Wednesday afternoon that may have been as much a warning to incumbent merchant acquirers as it was a promise to storefront merchants. Referring to PayPal’s new transaction pricing schedule, expected to go into effect Aug. 2, chief executive Dan Schulman made it clear PayPal will …

Euronet Worldwide Inc., a Kansas-based company that provides digital-payments services in Europe, reported second-quarter revenue of $714.7 million, up 35% year-over-year.Chargebee Inc., a subscription and recurring-billing platform, announced an update that includes automated usage-based billing, dedicated data centers, item-level discounts, and new checkout features.IR, whose technology enables merchants to analyze …

The big network executives aren’t quite ready to come right out and say it, but they’re certainly coming close to declaring their systems are just about at pre-pandemic performance levels. The latest example came Tuesday afternoon, when Visa Inc.’s results for the quarter ended June 30 prompted chairman and chief …

Shift4 Payments Inc. continued its expansion into sports and entertainment venues Tuesday, announcing that it will provide payment processing for Chicago’s United Center, home to the National Basketball Association’s Chicago Bulls and the Chicago Blackhawks of the National Hockey League. The payments offering relies on Shift4’s VenueNext technology.  Shift4 said …

If there are lingering doubts about a big comeback for the big merchant processors, Fiserv Inc. may well have dispelled them early Tuesday with results showing 43% second-quarter growth in revenue year-over-year for the company’s merchant-acceptance unit. That performance comes on top of a near-doubling in payment volume for the …

Nacha, the governing body for the automated clearing house system, said the ACH network processed 7.3 billion payments in the second quarter, a 10% increase from 6.6 billion payments in the same period a year ago. Particularly strong growth in business-to-business payment volume helped boost the result. Nacha said that …

Ever since the Covid pandemic set in more than a year ago, the payments industry has been abuzz with talk about its various impacts on merchant acceptance. What hasn’t received as much attention is how the pandemic has affected merchant acquiring. It turns out processors and independent sales organizations have …

American Express Co. posted second-quarter numbers Friday indicating the card giant is very nearly back to its pre-pandemic performance and reflecting a steady recovery from the travel restrictions that hampered the company for most of 2020. Driving the improved results was steady improvement in the company’s vital travel-and-entertainment business and …

The yin and yang of political, and ferociously commercial, PayPal was vividly on display with its announcement last month of a massive price hike. The e-commerce phenom attaches itself to an array of woke causes but remains a wonderfully hard-nosed commercial enterprise, keen to be fully compensated for the enormous value …