Mobile Commerce

U.S. Bancorp, owner of merchant acquirer Elavon Inc., saw merchant-processing revenues decline 34% year-over-year in the second quarter to $266 million thanks to reduced consumer and business volumes caused by the Covid-19 pandemic.Processor Shift4 Payments Inc. has been named the official credit card processing company for the Las Vegas Raiders National Football …

With the massive increase in e-commerce this year, and new merchants moving to an online model out of necessity, combating card-not-present fraud is incredibly important. EMV 3-D Secure 1.0 (or 3DS1) has been continually upgraded as technology and consumer habits changed; however, from its first iteration it has always had …

Visa Inc. announced it is working on U.S. pilots for a new installment-payment service. TSYS, part of Global Payments Inc., will be the first issuer technology partner, with Commerce Bank as the first U.S. bank partner. 42nd Street Photos, Tire Agent, and The Room Place are among the first merchants to offer …

New data from a point-of-sale services provider show just how much of a boost the Covid-19 pandemic has given to contactless payments. New York City-based CardFlight Inc., a technology company serving more than 60,000 small businesses through its SwipeSimple service, says in its latest weekly report on payment trends since …

Apple Inc., whose Apple Pay is the leading mobile-payment service based on near field communication technology, reportedly is testing Quick Response codes as an alternative technology with Apple Pay. That development was first reported Tuesday by the 9 to 5 Mac blog, which said a second beta version of the …

With consumers shopping online in greater numbers, the four major card networks are preparing to take their new single-click checkout technology international. American Express Co., Discover Financial Services, Mastercard Inc., and Visa Inc. said in a joint announcement Wednesday they are “beginning technical preparations” to launch the technology, Click to …

Discover Financial Services announced an agreement with the Saudi Arabian Monetary Authority’s Saudi Payments unit that calls for acceptance of Discover, Diners Club International, and Pulse cards on Saudi Payments’ mada network. The deal includes acceptance on point-of-sale terminals, e-commerce platforms, and at ATMs.Fareportal, the technology platform for travel brands CheapOair …

As businesses start to reopen, independent sales organizations and other payment providers are rolling out programs suited to the new reality faced by both proprietors and their customers. The latest example comes from VizyPay, which on Tuesday announced a service it says will help merchants attract old customers and pull …

Fiserv Inc. said it has begun processing all in-store payments at 2,250 ALDI Nord stores in Germany through First Data Gmbh. Fiserv acquired First Data in 2019. Discover Financial Services said it will donate $25,000 to each of 200 restaurants owned by black proprietors. Nominations are being taken between now and Oct. …

Taking a page from Square Inc.’s playbook, PayPal Holdings Inc.’s Venmo peer-to-peer payments service is testing what it calls Venmo Business Profiles, a potentially revenue-generating service that enables Venmo users who are sole proprietors of small businesses to sell goods through an affiliated page visible to other Venmo users. Announced …