E-Commerce

Discover Financial Services reported its Payment Services unit, which includes activity on the Pulse electronic funds transfer network, on Diners Club cards, and with network partners, recorded $62.6 billion in volume in the third quarter, up 7% year-over-year. Volume on Pulse alone increased 5% to $47.5 billion. With Discover network proprietary …

The long-awaited common buy button became a reality Tuesday with an announcement from the four major payment card networks that they have enabled the technology for three e-commerce merchants. Half a dozen more are expected to come online for the technology, called Secure Remote Commerce, by the end of the …

Payments typically flow from consumer to merchant, but in the case of merchandise returns, they flow the other way, and it turns out returns are an almost universal experience these days. That’s putting pressure on merchants to streamline the returns process and find ways to deal with consumer sensitivity about …

Issuer and acquirer American Express Co. said its global third-quarter discount rate—what merchants pay to accept the brand’s credit cards—was 2.39%, a slight increase from 2.38% a year ago. The uptick comes more than a year after AmEx said it would shave its worldwide discount rate in an effort to boost …

Payments and retail-technology provider Shopify Inc. announced it has closed on its acquisition of 6 River Systems Inc., a developer of cloud-based software and mobile robots for fulfillment. Terms were not announced.Fast Park, which operates parking garages near airports, announced it will accept credit and debit cards exclusively for payment at all …

With same-day transaction growth sizzling, the automated clearing house network overall notched another quarter of robust growth. The system logged 6.2 billion transactions in the quarter ended Sept. 30, up 9.5% over the third quarter of 2018, according to figures released Tuesday by Nacha, the network’s governing body. Total payment …

Days after launching services that allow users to make international remittances and use a virtual prepaid card for payments, Samsung Electronics Co. launched Samsung POS, an app that it says will let merchants accept near-field communication payments on their mobile devices. Developed with payments-technology firm Mobeewave, Samsung POS is aimed at micro-merchants and other small …

Visa Inc., Mastercard Inc., merchant processor Stripe Inc. and online marketplace eBay Inc. said Friday afternoon they will not join the Facebook-backed Libra cryptocurrency project. The defections came a week after PayPal Holdings Inc. became the first of the Libra Association’s 28 tentative members to withdraw in the face of …

Payments provider Fattmerchant launched an online-reviews integration feature, which provides merchants the ability to view and respond to reviews, such as those on Google, within the Fattmerchant platform.Aiming at hourly workers, a startup called Branch launched a free digital checking account and a debit card through Evolve Bank & Trust and Mastercard Inc.Cybersecurity firm GM …

Rabble Wine Co. said it now accepts more than 40 cryptocurrencies on its Web site and in its tasting room via an integration with CoinPayments Inc.Consumer revolving credit contracted by 2.2% in August on a seasonally adjusted annualized basis following July’s 10.5% increase, the Federal Reserve reported. The Fed estimated revolving credit outstandings, …