Mobile Commerce

E-commerce technology company New Generation released Kepler, an agentic commerce platform for retailers. Kepler has a suite of tools to help merchants structure, analyze, and present their product data in formats that both humans and artificial intelligence engines can understand, New Gen said. The Pix real-time payments network in Brazil is likely to surpass …

Paysafe Ltd. early Thursday reported a net loss in its third-quarter results that widened to $87.7 million from $13 million last year as the company’s top executives expressed some frustration with its recent performance, particularly in its merchant-processing unit. Much of the loss, though, is attributable to a non-cash charge …

The Federal Reserve announced its FedNow real-time payments network has raised its transaction limit to $10 million from $1 million. The tenfold increase is expected to enable more transactions for such usages as corporate treasury and payroll, vendor payments, and real-estate transactions. The Consumer Financial Protection Bureau issued a release saying it may not …

The payments industry for some time has been seeking meaningful growth in applications based on cryptocurrency, and early on Wednesday, one of the industry’s biggest players in that corner of the marketplace said it is making that happen with stablecoins—digital currency whose value is tied to fiat money like the …

PAR Technology Corp. launched PAR Catering, a service to help restaurants build and manage their catering operations. Block Inc.’s Square point-of-sale unit has launched a service that lets merchants accept bitcoin and manage digital assets in tandem with fiat currency. The service, which is charging no fees for the first year, includes …

Defendants in the long-running legal battle over merchants’ card-acceptance costs officially filed an Amended Settlement Agreement Monday. The agreement, filed in the United States District Court for the Eastern District of New York, will provide plaintiff merchants meaningful relief by remedying the concerns expressed by the court over a previously …

Global Payments Inc. said it has launched what it calls the payments industry’s first modular countertop point-of-sale device, aimed at retail stores and restaurants. The device, set for commercial rollout in December and tied into Global’s Genius processing platform, is aimed first at enterprise clients, followed by small businesses in …

Merchant organizations contend an expected settlement offer in their ongoing, two-decades-old lawsuit against Visa Inc. and Mastercard Inc. over card-acceptance fees does not address the underlying problem that leads to high card-acceptance costs in the first place. Merchant opposition surfaced over the weekend after a story in The Wall Street …

It’s a busy day for PayPal Holdings Inc. and its payments services. Five years after launching PayPal Pay in 4 in the United States, PayPal now offers the buy now, pay later product in Canada. PayPal also said Venmo, its social-based money movement service, launched Stash, a rewards program for …

Processor Priority Technology Holdings Inc. said it has received a preliminary, non-binding take-private proposal from an investor group led by Priority’s chairman and chief executive, Thomas Priore. The proposal envisions buying the shares the group does not already own at a price ranging from $6 to $6.15 each. The stock was trading …