Mobile Commerce

Oracle Corp. unveiled new technologies for its Simphony Cloud Point of Sale technology, including an embedded AI assistant. Mastercard Inc. adopted a new foundation for its generative artificial intelligence service. An AI foundation is a neural network trained on massive unlabeled datasets, according to technologist Nvidia. Zerohash, a technology provider for payments …

Three organizations representing the banking community, as well as the Office of the Comptroller of the Currency along with former acting members of the OCC, filed amicus briefs late Friday urging the court to overturn the decision to exempt Illinois merchants from paying interchange on the sales tax and gratuities …

Mastercard Inc. announced early Tuesday it has agreed to pay $1.8 billion to acquire BVNK, a London-based stablecoin platform. The deal comes amid growing interest in stablecoins among fintechs, banks, and payments providers and as payments networks increasingly view the cryptocurrency as a practical vehicle for overall growth. The transaction, …

Early Warning Services LLC said Citi, a unit of Citigroup Inc., will offer Paze, the Early Warning online checkout service, to its cardholders. They can activate Paze via Citi.com, the Citi mobile app, or on Paze. Celero Commerce said it acquired substantially all of the assets of Petroleum Processing Solutions. The acquisition …

Maple AI Inc., a provider of artificial intelligence-based phone-ordering systems for restaurants, has partnered with Shift4 Payments Inc. to integrate its AI-based phone system into Shift4’s SkyTab POS technology. The inclusion of Maple’s AI ordering system in the SkyTab platform is expected to significantly reduce the number of phone orders …

New York City-based payments and corporate card platform Ramp Business Corp., said it has acquired Juno, a platform that offers travel arrangements for non-employee travel. Terms were not announced. Ramp’s deal for Juno was preceded by its Friday announcement that it has acquired Billhop, a payments provider licensed in the United Kingdom …

Consumers spend more and shop with greater frequency when friction is removed from payments, says a study from the payments provider Network Merchants Inc., also known as NMI. Some 50% of respondents in the study said they shop more frequently when payments feel seamless, and 48% say they spend more at …

Restaurateurs generally will seek any edge to persuade consumers to spend their dining dollars with them. Online-ordering platform Restolabs says it now offers independent restaurants similar services to those used by enterprise-level restaurants, which could potentially increase their online conversion rates. Meanwhile, Finix Payments Inc. released its mobile point-of-sale app …

Payment-software developer BHMI announced enhancements aimed at supporting debit processing in Canada on its Concourse Financial Software Suite, touching on settlement, reconciliation, dispute management, and reporting capabilities. Indiana has become the first state to impose a ban on cryptocurrency kiosks, alleging the machines have been used to steal millions of dollars from scam …

As of January, some 37% of U.S. consumers had used buy now, pay later financing when making a purchase within the prior 90 days, a 5% increase from a year earlier, according to JD Power’s annual BNPL study. Half of these consumers were under the age of 40. JD Power …