Global e-commerce sales totaled more than $5.1 billion during the four- day holiday shopping period from Black Friday through Cyber Monday, up 76% from the same period in 2019, says e-commerce platform provider Shopify Inc. Online sales for the period, which traditionally kicks off the holiday-shopping season, surpassed 2019 volume …

Payment card manufacturer CPI Card Group Inc. said net sales of debit and credit cards grew 22% year-over-year to $62.7 million in the third quarter. Net sales of prepaid debit cards dipped 1% to $20.6 million. For the nine months through September, credit and debit card sales rose 19% to $180.9 million, …

With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …

After a more than two-month delay, Amazon Prime Day is poised to officially kick off early Tuesday. The two-day event, which was created to boost Prime memberships, will generate $9.91 billion in sales worldwide for Amazon, up 43% from last year’s event, according to the latest forecast from research firm …

Online sales in August were 34% higher this year than last, says Signifyd’s Pulse Report for E-Commerce, while small-business sales through August remained steady, finds the latest CardFlight Small Business Report. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company focused on e-commerce, says overall online sales growth reflects the fact that …

As merchants, consumers, and payments providers wrestle with the Covid-19 pandemic, one thing is certain: Online fraudsters are as relentless—and opportunistic—as ever. If little else, this year has proven that forecasts are grounded only in the moment they are made. No one could have foreseen in 2019 the impact of …

It’s become a common assertion in the payments business that consumers are turning to online sites for shopping as they contend with the various impacts of Covid-19. Now government data indicates just how well-founded that assertion is. E-commerce dollar volume in the second quarter totaled $211.5 billion, up 32% from …

Consumers shopping online in July purchased a lot more products associated with home-based and outdoor activities, contributing to an 87% increase year-over-year in sales for the month. That’s one data point from the Signifyd E-Commerce Pulse Report for July released this week. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company …

There’s been a lot of buzz around recent reports—notably one in The New York Times—that Square has been withholding money from merchants. Apparently, with little to no warning, the company has been holding back up to 30% of merchant sales in some cases. The merchants affected, obviously, aren’t pleased. With …

The Covid-19 pandemic in July fueled a sharp rise in e-commerce but also in fraud, according to the latest figures from ACI Worldwide Inc.  Global e-commerce transactions rose 19% in July over the same period a year earlier. Fraudulent transactions by value rose 4.4%, up from a 3.7% increase in …