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- Shift4 Payments Inc. named founder Jared Isaacman as its executive chairman effective Thursday. Isaacman had been nominated to lead NASA but last weekend President Trump withdrew that nomination. Taylor Lauber, who had been Shift4 president, moved to the chief executive position, Shift4 announced.
- Direct-to-consumer e-commerce provider ESW said its “Impact of Tariffs on Purchasing Decisions” found that 70% of U.S. consumers will reduce their overall spending once tariffs go into effect. Thirty-two percent intend to spend less online in 2025. The survey, conducted in April, has data from 1,008 U.S. adults.
- Checkout-technology provider Bolt Financial Inc. will work with Palantir Technologies Inc., a developer of artificial-intelligence software, to launch Checkout 2.0, which the partners say will be a “self-learning, self-improving” checkout for e-commerce.
- Bank and credit card apps and Web sites in Canada are growing more and more alike, making it more difficult for consumers to tell the difference, according to a report from J.D. Power.
- Crypto-payments platform Circle Internet Group Inc. announced pricing at $31 per share for 34 million shares in an enlarged initial public offering. The offering is expected to close, and shares will begin trading on the New York Stock Exchange, on Friday.
- Some 96% of U.S. small and medium-size businesses say they plan to upgrade their payments technology within the next 12 months, according to a survey by payments platform Paysafe Ltd. of 1,000 businesses across industries.
- Payments platform PXP Financial Ltd. will deploy Android-based terminals from Castles Technology Co. Ltd. under a new agreement.
- The open-banking platform Plaid Inc. will work with credit-reporting firm Experian to provide data that can enable banks to make faster credit decisions, the parties said. The announcement follows an integration in March by Plaid with the payments platform Dwolla Inc.
- Payments companies Paddle and RevenueCat are working on an integration to ease payments for developers outside of Apple’s App Store system, The Verge reported. A recent court ruling blocked Apple from collecting fees for purchases made outside of its App Store and restricted in-app links to external payments in the United States, the report said.
- Payment services firm Merchant Focus named Travis Jordan president with a focus on growing its embedded payments business. He’s held positions at Merchant Focus as vice president and business development manager.
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