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- Online checkout provider Fast AF Inc. said its service is now available to 4 million e-commerce stores on the WooCommerce platform. Earlier this year, Fast received $20 million from investors, including Stripe.
- Spending on entertainment decreased for the week ending Dec. 6, compared to the week ending Dec. 8, 2019, with a 23.9% drop in debit card use and a 42.7% decrease in credit use for the category, according to the latest Tracking Transaction Trends report from PSCU, a credit union service organization.
- Fiserv Inc. said American Family Insurance is allowing policyholders to make in-person cash payments at any of more than 30,0000 CheckFreePay locations inside retail stores across the country. CheckFreePay is the country’s biggest processor of walk-in bill payments, according to Fiserv, with more than 75 million transactions processed last year.
- Mogo Inc., a provider of financial-services apps, said the Toronto Stock Exchange has given conditional approval for Mogo to issue up to 10 million common shares as part of the company’s previously announced acquisition of Carta Solutions Holding Corp., a provider of payments technology.
- Rising cases of Covid-19 caused a 10% drop in transaction volume in November compared to October for Shift4 Payments Inc. merchants, double the normal decline of 5%, the company reported.
- Square Inc. announced Powdr, which operates ski resorts and adventure venues, will use Square’s point of sale and e-commerce platform at 10 Powdr locations.
- Buy now, pay later provider Affirm Inc. is delaying its initial public offering until January at the earliest, reported The Wall Street Journal. Affirm is one of several such providers. It offers a credit line based on each transaction.
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