Mobile Commerce

As AI makes advances in digital commerce, payments executives are beginning to raise questions about the process and its risks. For some players, the process remains at least partly opaque on such questions as what party takes responsibility when transactions go wrong. Other pending questions include whether the industry can …

Buy now, pay later provider Klarna AB said Tekion Corp., developer of software for the automotive retail industry, will make Klarna available to customers using the Tekion Automotive Retail Cloud platform. Flywire, a payments-technology platform, announced an agreement to expand an existing link to Driftwood Hospitality Management to support payments at nearly …

Point-of-sale credit providers are looking for an edge as competition in the buy now, pay later business grows hotter by the week. Klarna AB early Wednesday said it has launched its Klarna Shopping Search app.  The app uses ChatGPT, an AI platform, to assist shoppers in finding current prices, availability, …

Network Merchants Inc. said Tuesday it has acquired Dwolla Inc., a payments-acceptance technology provider with experience in real-time payments, open banking, and account-to-account technology and serving more than 400 clients. The combination creates a company processing nearly $700 billion in transaction volume annually, the parties say, a move that is …

Payroc LLC launched Integration Essentials, a service to help software platforms more quickly embed Payroc’s payments services into their platform. It includes prebuilt services such as hosted payment pages, payment links, and Payroc Cloud for in-person acceptance. French processor Worldline has agreed to acquire transactions for the buy now, pay later …

Eyewear retailer EZContacts is the latest merchant to add Klarna AB’s buy now, pay later payment option. Klarna hopes to displace some credit card transactions, saying vision care is a plannable expense where credit cards remain the default payment option. Klarna says EZContacts customers will be able to use its …

It was probably only a matter of time before agentic commerce embraced cryptocurrency. Technology platform Worldwide Stablecoin Payment Network early Friday announced W Agent, which the Singapore-based company calls a “new AI Agent skill.” That means the agents can find merchants, enter orders, and transact in stablecoins “end-to-end,” as the …

Datacap Systems Inc. launched Virtual Gift, a platform that enables users to create branded, consumer-facing digital gift card storefronts. Gift card purchases can be shared via a link, QR code, or embedded directly into merchant Web sites. InComm Payments’ health-care unit is working with the University of Kentucky’s HealthCare’s Food as Health …

Fiserv Inc. said it will work with OpenAI to offer AI technology to financial institutions. The effort in its opening stages includes functions such as building agents on agentOS and offering cybersecurity technology keyed to AI. Fiserv says the scope of the project is expected to expand as the effort unfolds. …