April 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Transaction Processing
Independent sales organization Electronic Merchant Systems said it is working with Womply, a software and data-services provider for small businesses, to help merchants find lenders offering quick access to loan applications through the government’s Paycheck Protection Program, a Covid-19 relief effort.For the first time, ransomware incidents overtook payment card data when comparing the …
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April 23, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Prepaid Cards, Pricing, Transaction Processing
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
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April 22, 2020
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Electronic Bill Payment, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
American Express Co. launched “Stand for Small,” a platform of more than 40 companies who have agreed to lend expertise to small businesses impacted by the effects of the Covid-19 pandemic.The World Bank predicted in a new report that global remittances will fall by about 20% this year because of the economic crisis …
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April 21, 2020
Automated Clearing House, Competitive Strategies, Digital Currency, E-Commerce, Electronic Checks, Issuing/Originating, Mobile Commerce, Point-of-sale
Coinqvest launched its enterprise cryptocurrency processing platform. With it, merchants can be paid online in cryptocurrencies and convert them into traditional currencies.The New York City Department of Transportation announced two apps can be used to pay for parking at more than 80,000 metered spots. In addition to the ParkNYC app, which …
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April 20, 2020
Acquiring, Competitive Strategies, E-Commerce, Electronic Bill Payment, Electronic Checks, Marketing, Mobile Commerce, Remote Deposit Capture, Transaction Processing
In an update, eBay Inc. said it will expand its managed-payments platform later this year to Australia and Canada. The platform, which funnels payments to a variety of processors through a gateway provided by Adyen, has processed more than $2 billion so far for more than 25,000 sellers in the United States, …
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April 17, 2020
Acquiring, Competitive Strategies, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Payments provider FreedomPay has added support for Google Pay, enabling Google Pay users to make e-commerce payments in Android apps and in Web browsers. This can be done on a merchant’s Web site regardless of browser or operating system or within an Android app, with FreedomPay securely integrating to the Google Payments …
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April 16, 2020
Acquiring, Competitive Strategies, E-Commerce, Electronic Bill Payment, Fraud & Security, Mobile Commerce, Point-of-sale, Pricing, Transaction Processing
Saying the Covid-19 pandemic “is pushing the economy online,” e-commerce payment processor Stripe Inc. announced it has raised another $600 million through an extension of its Series G funding round. Stripe said it will use the funding “to step up product development, global expansion, and strategic initiatives.”Payments provider Clearent launched Clearent EDU, a free …
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April 15, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Prepaid Cards, Transaction Processing
U.S. retail sales for March decreased 8.7% from February, according to figures released by the Census Bureau. One bright spot was a 28% increase in sales at food and beverage stores from March 2019. Clothing and clothing accessories store sales were down 50.7%.Fidelity National Information Services Inc. (FIS) said it is supporting …
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April 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
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 …
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April 13, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Fraud & Security, Mobile Wallets, Transaction Processing
The Internal Revenue Service has begun sending $1,200 stimulus payments to individuals as provided for under the CARES Act. Payments are first going to about 60 million persons for whom the IRS has bank-account information, making direct deposit possible. Others will receive checks. The process is expected to take until April 20, …
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