E-Commerce

Shift4 Payments Inc. reported a strong third quarter early Tuesday, but by some measures it wasn’t strong enough, and the big processor’s top management frankly admitted as much in a morning call with equity analysts to discuss the results. “We’re clearly number-one in hospitality payments in the world,” said the …

Visa Inc. announced it is bringing its Visa Flexible Credential to the U.S. market, starting with Affirm Inc.’s Affirm Card, a debit card that supports buy now, pay later functionality. The network simultaneously is launching the technology in the United Arab Emirates. The flexible credential technology enables users to make payments from a …

Gen Zers struggle to pay their monthly credit card bills, with 56% having missed a payment or making a late payment, says a study from CreditCards.com. In addition, some 9% of Gen Zers rely on parental support to pay their credit card bills. Compounding these difficulties with credit card bills …

Online outdoor retailer Backcountry now offers buy now, pay later payments from Sezzle Inc. The payment option is available at Backcountry.com and in-store, and at its Steep & Cheap, Competitive Cyclist, and MotoSport brands. Minneapolis-based Sezzle says Backcountry, which is owned by private-equity firm TSG Consumer Partners LLC, switched to …

The Western Union Co. announced a data-sharing service aimed at allowing businesses to use information from the payments platform to more sharply target marketing efforts at consumers globally. Visa Inc. has agreed to support palm-recognition technology for payments developed by Tencent, the China-based social-media company, starting in Singapore. The fintech PhotonPay announced it will …

The big payments platform Block Inc. will remain focused on its Afterpay buy now, pay later offering, on its Cash App digital wallet, and on increasing access to Square Loans, said Block chief executive Jack Dorsey late Thursday during the company’s third-quarter earnings call. Dorsey stressed the key importance of …

Dining-payments specialist Toast Inc. reported gross payment volume grew 24% in its September quarter compared to the same period last year, reaching $41.7 billion, while locations using its technology were up 28% to almost 127,000. Revenue for the quarter reached $1.3 billion, up 26%; for the nine months through September, revenue totaled …

Despite the ever-present threat of fraud, almost half of consumers tend to have a more positive opinion of their credit card issuer after becoming fraud victims, according to J.D. Power’s “U.S. Financial Protection Satisfaction Study,” released Thursday. Some 49% of credit card holders say they have a more positive impression …

Point-of-sale system maker Lightspeed Commerce Inc.’s transaction-based revenue jumped 33.5%, according to the company’s fiscal second quarter results ended Sept. 30. Meanwhile rival NCR Voyix Corp. posted $1.1 billion in net income in its third-quarter revenue, reversing a year-ago loss. Montreal-based Lightspeed says its transaction-based revenue totaled $183.8 million in …

Instacart, a technology provider for the grocery industry, announced that four grocery companies — Sprouts, Harmons, The Save Mart Companies, and Rosauers — have adopted Instacart Storefront Pro, an e-commerce platform aimed at grocers. More than 600 retailers are using Instacart’s e-commerce technology, the company says. Payments provider Priority Technology Holdings Inc. reported September-quarter merchant bank-card …