Mobile Commerce

Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday. The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was …

PayPal Holdings Inc. has posted some important policy changes set to take effect soon, including one that will stop refunding sellers for the commission part of the fee they pay on sales when buyers cancel. Sellers on forums like Reddit have been reacting for at least the last five days …

Apple Inc.’s forthcoming Apple Card is another push from the computing giant to move payments into a digital realm under Apple’s control, according to analysts. Apple last week announced the card, which bears a Mastercard Inc. brand and will be issued by Goldman Sachs Group Inc. The product, which eschews …

A day long dreaded by the U.S. payments industry came and went on Monday with little fanfare and not much more gnashing of teeth. The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ …

As more and more companies adopt tokens as a proxy for the primary account number and other sensitive payment data, the day is fast approaching when the utility of the technology will move beyond the payments box. That’s the forecast from Nate Morgan, senior director for product management at CyberSource, …

As if the announcement of its pending merger with Fidelity National Information Services Inc. wasn’t enough news for one week, Worldpay Inc. on Wednesday said it will acquire Amazon Pay transactions for online merchants. The news means Cincinnati-based Worldpay has become the first merchant acquirer to work with the retailing …

So-called shoppable ads could get a big boost if a tap-and-buy test announced Tuesday by Facebook Inc.’s Instagram social network succeeds, a test in which PayPal Holdings Inc. is the payment processor. Other social networks and Internet sites have rolled out or begun testing shoppable ads, including Pinterest, Snap Inc.’s …

The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

In a time when criminal access to consumer data has never been more common, merchants continue to experience pervasive and persistent fraud attempts. That’s the key takeaway from the 2019 sixth annual Fraud Attack Index from Forter Inc. released Thursday. How bad is the problem? Fraud grew in 2018 in …

Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …