Mobile Commerce

E-commerce sales increased 11% in the Nov. 1 to Dec. 24 period compared to the same time last year, and were up 61.4% from the same time in 2019, according to the latest Mastercard SpendingPulse report.Fintech Aizen Global Co. Ltd. said it is working with BNY Mellon to develop banking-as-a-service for banks and …

The share of payments claimed by the automated clearing house rose faster in 2020 than the share for cards, while checks dropped markedly. All the while, the share of payments claimed by cards, which had been steadily on the rise for years, flattened out. And while contactless transactions did rise …

Get ready for even more sophisticated in-car virtual assistance. Cerence Inc., which develops in-car virtual technology, has launched Co-Pilot, its advanced assistant that uses artificial intelligence and vehicle integration to help with such tasks as ordering and paying for a coffee while a mile away. Cerence says its technology—it has …

Taptap Send, a startup providing instant-payment capability for cross-border transfers, announced a $65-million Series B funding round led by Spark Capital. Its total financing now tops $80 million.Humboldt State University will adopt the Passport Parking app for on-campus parking beginning Jan. 18, announced Passport Parking.The Center for Advanced Facial Plastic Surgery said …

The explosion in buy now, pay later point-of-sale lending was bound to catch the eye of regulators sooner or later, and on Thursday the other shoe dropped with a letter sent to five leading BNPL firms from the Consumer Financial Protection Bureau requesting information on their services. The five—Affirm Inc., …

As mobile-wallet technology matures, marketers are starting to look at ways to reach consumers with content that stays in the wallet as permanently as a credit or debit card. The latest move in this direction emerged Wednesday with the unveiling of “Mobile Wallet as a Channel,” a service that lets …

The Covid-19 pandemic has proven to be a huge boon for e-commerce, but it has come at a cost for merchants in the form of higher chargebacks. The higher level of chargebacks is not just consumers returning items for legitimate reasons, it’s also being fueled by consumers perpetrating friendly fraud.  …

New research from Fiserv Inc. found that 16% of U.S. consumers have used cryptocurrency at least once to pay for goods and services. The survey of 2,200 U.S. adults also revealed that 25% of crypto users cited lack of merchant acceptance as the primary limitation to increasing the use of crypto as …

Sweden’s Klarna AB has 21 million users in the U.S. market for its buy now, pay later app, but it wants a lot more. On Tuesday, it announced it will ease payments for its users by letting them pay off installments via direct transfers from their bank account. The service …

Celero Commerce said it acquired Everest Payment Solutions. Terms were not disclosed. With Everest, Celero will serve more than 45,000 merchants that process more than $18 billion in annual card volume.Digital ordering and payments technology, which gained prominence with the pandemic, has made customers more impatient, with 64% indicating they won’t …