E-Commerce

Capital One Financial Corp. is barring all of its credit cards from being used for point-of-sale lending transactions, aside from the United Kingdom where buy now, pay later products are being reviewed for possible regulation. The move comes as overall buy now, pay later providers garner a lot of attention, …

Wells Fargo Co. said overall levels of optimism among small businesses remain at just more than half where they were late last year, even though its Wells Fargo/Gallup Small Business Index rose 12 points for the second straight quarter in the latest period.As local governments imposed measures to control fresh outbreaks …

A relatively novel method for private companies to go public gained momentum in the payments industry Monday with the announcement that London-based processor Paysafe Group Holdings Ltd. will be acquired by a group put together by Las Vegas-based Foley Trasimene Acquisition Corp. in a deal valued at approximately $9 billion.  …

Overall U.S. credit card use dipped 2% for the week ending Nov. 29 compared with the week ending Dec. 1, 2019, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Meanwhile, debit card use increased 4.9% for the same period. Regionally, the largest credit card drop was …

It’s a hot time for buy now, pay later companies, especially when buyers come around. Affirm Inc. is buying Canadian rival PayBright Inc. and Alliance Data Systems Corp. completed its acquisition of Bread, the brand ran by Lon Operations LLC. Buy now, pay later specialist Affirm Inc. said it will acquire …

Processor Stripe Inc. launched Stripe Treasury, a banking-as-a-service platform for its merchants, which can open Stripe Balance business accounts. Stripe is working with Evolve Bank & Trust on the service. Merchants can open interest-bearing accounts eligible for FDIC insurance in minutes. Commerce platform Shopify Inc. is one of the first to offer …

Global e-commerce sales totaled more than $5.1 billion during the four- day holiday shopping period from Black Friday through Cyber Monday, up 76% from the same period in 2019, says e-commerce platform provider Shopify Inc. Online sales for the period, which traditionally kicks off the holiday-shopping season, surpassed 2019 volume …

Most Americans will be glad to see the last of 2020 as they ring in 2021 in a few weeks, and that group will include private investors. In a year in which the coronavirus ran rampant, damaging many businesses and shuttering others, tech investors pegged significantly fewer privately held payments …

The Libra Association, the organization behind the Libra cryptocurrency project, said it is renaming itself Diem, Latin for “day.” Acknowledging pressure from governments and regulators worldwide, the association this spring changed course on several key strategies, setting out new plans for single-currency stablecoins and a stronger compliance regime.Commerce platform Shopify Inc. said its merchants had …

With consumers shifting more of their transactions online due to the Covid-19 pandemic, criminals continue to target card-not-present transactions and step up their efforts to deceive consumers into giving up their account information, says Feedzai Inc.’s latest quarterly Financial Crime Report. The three leading factors contributing to the increase in …