E-Commerce

MasterCard Inc. and Visa Inc. reported Monday that online-payments specialist Stripe Inc. is using their instant-payment services to pay merchants such as ride-sharing service Lyft and other users of Stripe’s marketplaces. Stripe actually began offering what it calls Instant Payouts relying on the network services—Mastercard Send and Visa Direct—to merchants as …

By John Stewart @DTPaymentNews Few things have thrown a spotlight on the 40-year-old chargeback process like the nation’s conversion to EMV chip cards at the point of sale, but it’s in online commerce where the problem has long plagued merchants. And now there’s evidence that these sellers may have more …

• Ripple, a provider of distributed-ledger technology for financial transactions, has completed a $55 million Series B funding round. • In related news, Tipalti, which provides a platform to automate supplier payments, announced a $14 million funding round. • Time Inc. said it has integrated Apple Inc.’s Apple Pay to allow mobile …

• With sales of EMV payment cards to U.S. credit and debit card issuers down 55% year over year in the second quarter, card producer CPI Card Group Inc. reported that total sales fell 23% to $73.7 million. Due in part to litigation expenses, CPI booked a net loss from …

Payments-service provider WePay Inc. has expanded into the United Kingdom, a move that could make it easier for its clients to offer services internationally, WePay announced Tuesday. WePay’s client list includes organizations such as GoFundMe, Meetup, Care.com, Fresh Books, and Constant Contact. Organizations like these rely on crowdfunding payments. WePay …

• MasterCard Inc. is mulling an application to become a licensed payment service provider in China, a massive payments market dominated by state-owned China UnionPay, according to Reuters. • agreement with Visa Inc. that includes promotion of Visa cards and a new point-of-sale thrust for PayPal. Visa was trading at …

Visa Inc.’s combined U.S. credit and debit card purchase volume grew nearly 10% in the quarter ending June 30, but the payment network’s net income plunged 76% mainly because of its costs to acquire Visa Europe. PayPal Holdings Inc., meanwhile, saw its volumes and bottom line increase in the second …

Fourth-quarter transaction decline rates for credit and debit cards used for subscription payments increased to 15.9% from a first-quarter 2015 low of 14.4%, based on the value of the transaction, according to a report from Recurly Inc., a recurring-payments specialist. The “Recurly Subscription Snapshot,” which analyzed 25 million recurring payments …

• American Express Co. plans to roll out an online loan platform this year that will challenge other small-business lenders, including Square Inc. and On Deck Capital Inc., Bloomberg reported. • Independent sales organization Pace Payment Systems announced it is working with @Pay LLC on an integrated text-to-pay service. • …

Creating lifetime, brand-loyal customers who return to your online store with what we call “surprise and delight” is not as easy as it once was. The fact is, shoppers are not created equal. Some online shoppers are deal seekers. Hopping from site to site, these shoppers are easily lured away …