It’s a relatively new arrival among payment options for general merchandise, but the newest buy now, pay later concept has been available for air travel for some time, helping boost airlines after a tough year in 2020. In the latest development, Universal Air Travel Plan Inc. on Wednesday announced it …

Point-of-sale installment lender Afterpay Ltd. has agreed to provide its buy now, pay later service to customers of Gap Inc., including its Gap, Old Navy, Banana Republic, and Athleta brands. Afterpay’s buy now, pay later service enables consumers to make four interest-free installment payments. The retailer is paid in full, …

The buy now, pay later payment option continues to barrel ahead as Covid-weary consumers seek new sources of credit at the point of sale. In the latest news, Splitit Payments Ltd., said it is testing the integration of a Visa Inc. application programming interface for installment payments and Sezzle Inc. …

Count transactional credit at the point of sale among the payment technologies winning more of the spotlight as consumers tentatively venture out and businesses reopen in the midst of Covid-19’s impact. Mastercard Inc. on Wednesday announced new integrations with the card-issuing processor TSYS and with technology providers that will let …

PayPal Holdings Inc. is expanding its portfolio of installment-payment options by introducing Pay in 4, a short-term financing program. PayPal says the new option, which allows consumers to pay for a purchase over four interest-free payments, can help merchants drive customer conversions, hike revenue, and enhance loyalty without taking on additional …

The installment-payment movement has gained the big e-commerce services provider Shopify Inc. as a convert with Wednesday’s announcement that Shopify will offer a credit option to its U.S. customers through Affirm Inc. San Francisco-based Affirm, an online credit-services provider, said approved Shop Pay customers at checkout will be able to …

Visa Inc. announced it is working on U.S. pilots for a new installment-payment service. TSYS, part of Global Payments Inc., will be the first issuer technology partner, with Commerce Bank as the first U.S. bank partner. 42nd Street Photos, Tire Agent, and The Room Place are among the first merchants to offer …

Splitit Payments Ltd. announced Thursday that it had signed a multiyear agreement with Mastercard Inc. intended to accelerate adoption of its installment-payment service for online merchants. The distribution agreement opens the possibility of Mastercard-accepting merchants offering Splitit as a financing option to their customers. New York City-based Splitit also has …

COVID-19 has shaken the global economy. Social distancing has drastically shifted consumer behavior and introduced a new set of challenges to stores and shoppers alike. For merchants, it has been difficult to manage a dip in discretionary spending, a rapidly increasing number of online shoppers, and an explosion of competition …

Konnect Solutions Inc. introduced a mobile-payments service for restaurants that allows customers to pay inside or in drive-throughs by choosing the restaurant’s local WiFi wireless access point to view a menu, place an order, and access the restaurant’s point-of-sale system. They can pay on their phone or use options offered by …