E-Commerce

Bank of America Corp. reported its customers using the Zelle person-to-person payment network totaled 4.9 million in 2018’s fourth quarter, up by a factor of 2.4 since Zelle’s June 2017 launch. Zelle volume at BofA for the quarter totaled $14 billion on 51.6 million transactions, up from $7 billion on …

With the economy still humming along in 2018’s fourth quarter, a nearly 17% increase in merchant-processing volume by JPMorgan Chase & Co. augurs strong volume growth by Visa Inc. and Mastercard Inc. when the bank card networks report financial results later this month. New York City-based JPMorgan Chase operates the …

TD Ameritrade announced individual investors can instantly fund a brokerage account using Apple Pay through Apple Business Chat. The capability means investors can use a debit card to deposit up to $10,000 per day via Apple Pay, though the limit may vary by bank. The service is much quicker than …

Kabbage Inc., an online small-business financier, said it provides the Pay Later program for U.S. small-business buyers on Alibaba.com, an online marketplace. Payment-terminal maker Equinox Payments and payments-software provider Acceo Tender Retail announced the Equinox Luxe 8500i and Luxe 6200m terminals have achieved EMV end-to-end certification on First Data Corp.’s …

Discover Financial Services is on the verge of a major expansion of Discover, Diners Club, and Pulse acceptance across Europe and the Middle East following Friday’s announcement of a deal with a third-party provider. Riverwoods, Ill.-based Discover says it will work with 3C Payment, a Luxembourg-based payment service provider that …

Square Inc. released a software development kit to enable merchants and developers to use Square for their payments processing in apps. Announced Wednesday, the SDK marks a first for Square and creates a single platform for transactions made by Square merchants that also sell in stores. The SDK is available …

  Will Graylin, a payments entrepreneur and former Samsung Pay executive, launched OV Loop, which includes two voice-activated messaging products, OV App and OV Pro. OV App includes OV Pay, a single-tap payment application under development with financial institutions. Online merchants that don’t process local currencies fail to consummate 6% …

The new year is only a week old, but it’s already looking to be a strong one for dashboard payments. On Monday, Visa Inc. and SiriusXM Connected Vehicles Services Inc. said they plan to offer the SiriusXM e-wallet to auto manufacturers that deploy SiriusXM’s connected-vehicle services.  The Visa-SiriusXM announcement followed …

At first glance, a press released headlined “Mastercard Drops Its Name” might lead one to believe Mastercard will be the anonymous payment network going forward. But no, Mastercard Inc. is simply removing its name from its familiar interlocking circles logo, the company announced Monday. The name-drop marks the second time …

The financial news has been full of dire stories about the beating tech stocks have been taking lately, but less well publicized is the action in private equity—specifically the creation of new payments-related unicorns. According to data from New York City-based CB Insights, which tracks private valuations, at least half …