E-Commerce

Weave, a provider of management applications and services for small businesses, announced the launch of Weave Payments, a payment-processing platform that includes acceptance of text-to-pay and mobile wallets.Corporate America Credit Union, a financial cooperative for almost 500 credit unions, has agreed to be a funding agent for the Real-Time Payments network …

Online shopping on Black Friday, the day after Thanksgiving, increased 19.6% year-over-year, while in-store shopping that day increased 4.2%, according to Adobe Digital Insights and Fiserv Inc., respectively. Consumers did not disappoint in early holiday shopping results. Adobe Digital Insights, a unit of San Jose, Calif.-based Adobe Inc., said consumers …

Jewelry retailer Pandora said it is standing by its 2019 sales guidance despite an eight-hour point-of-sale issue at U.S. and Canadian stores on Black Friday.American Express Co. said its Small Business Saturday promotion, which occurred Nov. 30, achieved a record with an estimated $19.6 billion in spending.With fewer people carrying cash, the Salvation …

Expect more consumers to wield their smart phones for their holiday shopping this year. Fully 70% of consumers in the Deloitte 2019 Holiday Retail Survey plan to make a holiday purchase using a smart phone. That’s up from 67% in 2018 and from 59% in 2017. A separate Visa Inc. …

Customer data from 4 million payment cards stolen in breaches at four restaurant chains has gone up for sale in the Joker’s Stash underground bazaar, KrebsOnSecurity reported. The breaches occurred at nearly half the 1,750 total locations of Krystal, Moe’s Southwest Grill, McAlister’s Deli and Schlotzsky’s, the latter three of which are owned by …

With the popularity of sharing-economy models, payments have become infinitely more complex. Sharing platforms certainly provide more value to consumers than pure-play, single-merchant-owned e-commerce sites, but they come with more challenges.  By 2021, the platform economy will welcome over 86 million users. That means that all over the world, 86 …

Installment-payments provider Klarna said it added 60,000 merchants to its network in 2019. More than 190,000 merchants offer Klarna as a payment option now. The number of monthly U.S. active users of the Klarna app, which enables them to shop with any store or brand online, increased almost 160% from July through September.Core-banking …

The major payment card networks have long since come to terms with PayPal Holdings Inc., and now they’re finding ways to put that newfound friendship to use in burnishing their brands with cardholders. The latest example surfaced Monday with an announcement from Discover Financial Services that Discover cardholders can use …

Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …

The Church’s Chicken restaurant chain said it is investigating a possible breach of credit and debit card data at about 165 company-owned locations in 11 states. The company, which said it is working with federal authorities, has hired a cybersecurity firm and has notified the card networks and credit-reporting agencies.Recurring household bills …