Mobile Commerce

With some of its payments cohorts already having warned the coronavirus would hurt their businesses, it was no surprise Visa Inc. joined the crowd Monday in forecasting reduced cardholder spending would translate into lower revenues. More signs of growing concern about the impact of the virus, officially named Covid-19, on …

Debit network Shazam Inc. said it will offer The Clearing House Payments Co. LLC’s Real Time Payments service to its member financial institutions.POS Supply Solutions said it acquired Paper-Net, a point-of-sale consumables supplier, earlier this year. Terms were not disclosed. Paper-Net will take on the POS Supply Solutions branding.Professional Data Solutions Inc. (PDI), …

The combination of the French payments colossi Worldline S.A. and Ingenico Group S.A. spans multiple adjacent, but historically distinct, markets across the payments value chain. Issuer processing has been an oligopoly of ponderous, industrial-strength scale players such as Worldline, FIS, Fiserv/First Data, Total Systems, SIA/SSB, Nets, and Evry/Tieto. The traditional …

Payment gateway USAePay announced it now offers the Shopaccino eCommerce product and an integration with the USAePay gateway to merchants via its resellers.Craver Solutions Inc., which provides a branded mobile app to restaurants, said it is now integrated with the Clover point-of-sale platform from Fiserv Inc.Sphere, a service of payments-software provider TrustCommerce, said …

A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square …

Cash App may be turning into the product that ate Square Inc. The company on Wednesday reported a big fourth quarter for the 4-year-old product as officials pointed to a strong performance overall for the full year. “2019 was a very good year for us,” Square chief executive Jack Dorsey …

Online marketplace giant eBay Inc. said last month it has an aggressive expansion blueprint for its fledgling managed-payments program, and late on Wednesday the company announced its latest gambit by laying out a plan to move into the United Kingdom this summer. The service has been available in the United …

Fiserv Inc. announced its Clover unit has launched Clover Station Pro, a cloud-based point-of-sale device featuring a customer-facing countertop display and software specific to quick-service and full-service restaurants on the Clover platform.Elavon Inc., the merchant acquiring unit of U.S. Bancorp, announced the sale of its Mexico-based operations to banking giant Santander …

Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its …

The controversial Libra cryptocurrency project gained a new member Friday with Shopify Inc.’s announcement it will join the Libra Association, the governing body for the fledgling venture. Shopify’s decision comes in the face of a string of eight high-profile defections from the association since October, including decisions by Mastercard Inc., …