Facebook’s Instagram Goes Amazon Instagram, Facebook’s photo sharing platform, is enabling consumers to tap and buy products right from the app. Checkout, the new shopping feature, circumvents traditional merchants and allows manufacturers of popular brands to sell direct through the Instagram feed without the user even having to leave the Instagram. Consumers enter their payment card details and billing address...

FIS, also known Fidelity National Information Services, has entered into an agreement to acquire e-commerce payments processor WorldPay. WorldPay is one of the top 10 US payments processor and itself was a result of the merger of Vantiv and Worldpay. This acquisition will propel FIS, a CardLinx member, into the top echelon of payments players globally. Consolidation in the fintech ndustry has...