- American consumers spent $451.7 billion online through June, a 7.5% year-over-year increase, Adobe Inc. said in its Adobe Digital Price Index.
- Association of payments EPCOR announced its acquisition of the Central Oklahoma Clearing House Association, which includes its fraud alert and settlement service. Terms were not disclosed.
- payment provider digital river said it will integrate its global seller services, including tax, payments, compliance and fraud mitigation, into commercetools technology, a digital commerce platform, through a independent software vendor (ISV) agreement.
- payment provider payverse opened its seed funding round.
- Pay as a teamwhose technology converts corporate purchases into virtual and physical cards, launched Teampay for Marketers, aiming to streamline spending for corporate marketing departments.
- payment technology provider Prepaid technologies said it acquired WorkStride, an employee recognition and rewards platform. Terms have not been announced. The deal follows a $96 million investment in Prepaid Technologies by Edison Partners late last year.
- B2B payment provider Veem released its quarterly State of Small Business Report which found that 49% of SMEs surveyed anticipate a recession before the end of 2022. The survey was conducted among 468 US and Canadian small business owners.
- Towns in eastern Massachusetts have adopted the Passport mobile parking app, the company announced. The app has now been adopted by more than 800 cities, universities and private parking operators, Passport said.
- First merchant data services, a unit of Fiserv Inc., will pay $1.6 million to settle a class action lawsuit alleging the company violated telephone consumer protection law by contracting with third parties to make unsolicited robocalls. FDMS does not admit any wrongdoing in accepting the settlement.
The loss of consumer funds due to fraud and other deceptive activities on peer-to-peer payment networks has…