Mobile Commerce

More older consumers—those 45 years old or more—are likely to pick up online shopping as a routine shopping channel, predicts eMarketer Inc. The New York City-based research firm forecasts a 5.8% increase in the number of online shoppers in that demographic. That is up from the earlier forecast of 3.2%. …

Maverick Payments launched its payment gateway, which supports 3-D Secure, account updaters, and interchange optimization.Digital-payments technology provider Checkout.com announced a $150 million Series B funding round, valuing the company at $5.5 billion. The round, led by technology fund Coatue, tripled the company’s value.ATM and point-of-sale hardware and software provider Diebold Nixdorf Inc. said it generated …

Splitit Payments Ltd. announced Thursday that it had signed a multiyear agreement with Mastercard Inc. intended to accelerate adoption of its installment-payment service for online merchants. The distribution agreement opens the possibility of Mastercard-accepting merchants offering Splitit as a financing option to their customers. New York City-based Splitit also has …

E-commerce spending in the United States surged 93% in May, compared to May 2019, according to Mastercard Inc.’s SpendingPulse data service.Installment-payment technology provider Splitit Payments Ltd. said it signed a multiyear deal with Mastercard Inc. to provide access to Splitit’s installment options through Mastercard’s merchant network. Split and Mastercard also plan to jointly …

Merchants in the United Kingdom won an important battle against interchange fees on Wednesday but it remains uncertain just how much that will mean to them in terms of remuneration from Visa Inc. and Mastercard Inc. The case also could have ramifications for similar action in the U.S. market, some …

Mastercard Inc. announced Amazon.com Inc. will start using tokens to replace actual customer card data throughout 2020. Tokenization replaces actual card data with data strings that are meaningless to outside parties. The process also permits automatic credential updating when cards expire.Payments card standards body EMVCo made it official—consumer-facing online-payment checkout options based on …

In the wake of Covid-19, merchants continue to see more features added to cloud-based point-of-sale systems. In the latest updates, Lightspeed POS Inc. introduced on Tuesday new e-commerce services, including shipping, curbside pick-up, and appointment setting. And Revel Systems Inc. has refined its online ordering and order-pickup management. First up, …

Merchant processor Square Inc. said that as of June 10 its Square Capital service had facilitated more than $820 million in Paycheck Protection Program loans to 76,000 small businesses since April 29. PPP loans are part of the federal government’s stimulus program to combat the economic downturn caused by the Covid-19 pandemic.In …

COVID-19 has shaken the global economy. Social distancing has drastically shifted consumer behavior and introduced a new set of challenges to stores and shoppers alike. For merchants, it has been difficult to manage a dip in discretionary spending, a rapidly increasing number of online shoppers, and an explosion of competition …

E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.Retail sales in the CardFlight Small Business Impact Report for the …