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- Camping World Holdings Inc. said it will begin accepting cryptocurrency for payment for recreational vehicle purchases through processor BitPay Inc.
- Buy now, pay later provider Splitit Inc. said its year-to-date merchant sales volume is up almost 250%, at $82 million, over the same period last year, following rising adoption by shoppers and merchants.
- In related news, rival BNPL provider Quadpay announced Quadpay Fest, a four-day event running from April 29 to May 2 to offer deals, promotions, cash back, and other giveaways.
- Payments provider Usio Inc. said the number of credit card transactions it processed in the first quarter was up 105% from the first quarter of 2020. Prepaid card transaction volume was up 89% and automated clearing house transaction volume was up 37% for the same period. It did not release actual numbers.
- Wirex Ltd., a payments provider for cryptocurrency, announced its app can now verify the location of users’ card transactions via technology from Snowdrop Solutions Ltd. U.K.-based Wirex was set to launch in the U.S. market this month.
- Financial-wellness app provider Douugh Ltd. has launched instant bank-account funding through Stripe Inc.
- Global e-commerce fraud losses will total $20 billion this year, up 18% from $17.5 billion in 2020, according to a report from Juniper Research.
- The U.S. Payments Forum released a white paper on “Card-on-File Tokenization Considerations, Including Debit Routing.”
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