Digital Transactions Authoritative, insightful and timely information for payments professionals
- EBay Inc. named former Walmart Inc. executive Jamie Iannone chief executive officer, effective April 27. Iannone, who will succeed interim CEO Scott Schenkel, most recently served as chief operating officer of Walmart eCommerce and was at one time chief executive of SamsClub.com. EBay indicated earlier this year it has plans to ramp up its managed-payments program in 2020, including an introduction of the program in the United Kingdom this summer.
- Fidelity National Information Services Inc. (FIS) updated its first-quarter guidance to say that it will generate between $3.06 billion and $3.08 billion in revenue, down from the prior projection ranging from $3.18 billion to $3.21 billion. It expects its Merchant Solutions segment revenue to increase over the year-ago quarter, mostly because of the Worldpay acquisition, with growth estimated to be flat.
- Wells Fargo & Co., a leading debit card issuer, said first-quarter point-of-sale purchase volume on its debit cards rose 5% year-over-year to $90.6 billion on a 1% increase in transactions to 2.2 billion. Purchase volume on Wells’s general-purpose credit cards slipped 1% to $18.2 billion.
- Qu POS Inc. launched what it calls a quick-start online ordering service for restaurant clients whose income has been curtailed by bans on on-premise dining. Qu, formerly known as Gusto, says the technology can be up and running in as few as 72 hours, is integrated with DoorDash and Uber Eats, and enables contactless payments for to-go orders.
- Tulip Retail Inc., a developer of business apps for retailers, launched Remote Pay, a mobile app that lets store associates build a cart for stay-at-home customers, set up delivery, and take payments remotely.
- Property-management software provider Yardi Systems Inc. released an update that allows residential property managers to manage and track payment plans and deferrals as renters struggle with the impact of Covid-19.
- Payspan Inc., a payments provider for the health-care industry, has engaged data-migration specialist Datadobi to move sensitive data to a new storage system.
- Cybersecurity startup swlDch Ltd. introduced a technology relying on dynamic primary account numbers rather than numberless cards or disposable virtual cards to guard against payment card fraud.
- KyckGlobal Inc., which provides business-to-consumer payment services, said it is working with Visa Inc. to enable push payments directly to a consumer or small-business debit or prepaid card using Visa Direct.
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