E-Commerce

Payment processor First Data Corp. has acquired Spree Commerce, a provider of open-source software for 45,000 e-commerce storefronts. The addition of Bethesda, Md.-based Spree could bolster First Data as it competes with processors and tech providers for more business in the fast-growing world of online retailing. “Spree is at the …

By Kevin Woodward Klarna, a Sweden-based payments company that enables consumers to take 14 days to pay for online purchases, says its deal announced Tuesday with Overstock.com is the first of many it expects to make with e-commerce retailers this year. Retailer Overstock.com sells a broad range of merchandise, and …

By John Stewart PayPal Holdings Inc. and eBay Inc. went their separate ways just 45 days ago, but already the fallout from that split is beginning to make itself felt. EBay is telling sellers on its main online marketplaces that starting Sept. 27 it will stop supporting three electronic payment …

PayPal Holdings Inc. will eliminate volume-based price tiers and charge all of its small U.S. merchants 2.9% of the sale plus 30 cents per domestic transaction come Oct. 1, according to a notice the leading online-payments firm began sending to merchants Thursday. The 2.9%-plus-30-cents tier is the highest rate under …

While a seemingly unending rash of data breaches has payments players scrambling to adopt a panoply of fraud-fighting technologies, little attention has been focused on the consequences for issuers and merchants when cardholders are wrongly turned down at the point of sale because of fraud suspicions. It’s a big problem—bigger …

By John Stewart Larger screens, buy buttons, and streamlined checkouts are expected to combine to raise the profile of smart phones in e-commerce. And now there are numbers to show just how much retail sales volume the devices will generate. Smart phones will account for $27.7 billion in retail mobile …

XpressBuy Inc., developer of a buy button that can be used on the Web, in social networks, apps, and emails, says four of the largest e-commerce platforms have integrated its technology into their systems. Retailers using Demandware Inc., IBM Corp.’s WebSphere Commerce, Shopify Inc., and eBay Inc.’s Magento now can …

Payments behemoth Visa Inc. has poured some cash into Stripe, an independent online-payments startup, which will be used to aid Stripe’s international expansion. The specific Visa investment was not disclosed. But adding in investments from Sequoia Capital and American Express Co. that were made alongside the one from Visa, Stripe …

The owner of online classified-advertising portal Backpage.com is suing the sheriff of Cook County, Ill., in federal court for pressuring payment card networks to ban card purchases in Backpage’s adult section. The lawsuit filed Tuesday by Backpage.Com LLC in U.S. District Court in Chicago alleges Sheriff Thomas J. Dart engaged …

After a 13-year absence, online-payments provider PayPal Holdings Inc. debuted Monday morning on the Nasdaq Stock Market as an independent company following its spin-off Friday from parent eBay Inc. Investors looking for growth opportunities in payments liked what they saw, pushing PayPal’s price up approximately 6% and valuing the company …