March 27, 2020
ATMs, Competitive Strategies, Debit Cards, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
ATM and retail-checkout equipment manufacturer Diebold Nixdorf Inc. withdrew its full-year financial guidance, saying that in some locations it “is seeing instances of product installation disruptions from coronavirus-related logistics challenges, which impacts the company’s ability to forecast product revenue.” The company also postponed its planned May 21 Investor Day event.PAR Technology Corp., …
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March 26, 2020
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Lightspeed POS Inc. said it is offering its Delivery, eCommerce, and Loyalty services free for the next three months because of the Covid-19 impact on merchants.Online fraud-prevention provider Signifyd released its Covid-19 Business Continuity Package that offers new clients free access to some Signifyd products.Payments provider Fattmerchant said it is now an official gateway partner …
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March 25, 2020
Acquiring, ATMs, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Smart Cards, Transaction Processing
A national survey of 850 small businesses found 69% have seen a “large drop” in demand because of the coronavirus pandemic, while 60% say they believe demand will drop further. The survey was conducted by America’s Small Business Development Centers and Thryv Inc., a software vendor specializing in small businesses.The U.S. Faster Payments …
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March 24, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Transaction Processing
E-commerce payments provider BlueSnap Inc. said it is enhancing its Payments for Marketplaces product, which allows online merchants to launch and operate global e-commerce marketplaces. New services include auto-onboarding, split payments, and cross-border payment capabilities.Square Inc. will have an investor conference call at 5:00 p.m. Eastern on Tuesday to discuss how it is …
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March 23, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
PayPal Holdings Inc. and Square Inc. are moving to increase hiring as consumers reportedly shift to mobile payments as a result of calls for social distancing.Arguing that “the [coronavirus] pandemic will pass, but the economic impact will last,” a collation of payroll processors and trade associations issued an open letter to President Donald …
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March 20, 2020
Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Chargeback Gurus released guidance on the potential for chargebacks as consumers and merchants contend with the effects of the coronavirus infection.Email-security firm Armorblox Inc. said it will provide its services free to companies with between 100 and 2,000 employees until April 30 to help guard against social-engineering attacks exploiting the Covid-19 pandemic.A cryptocurrency …
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March 19, 2020
Acquiring, Competitive Strategies, Credit Cards, Fraud & Security, Issuing/Originating, Point-of-sale, Pricing, Transaction Processing
Electronic Payments Inc. said it will temporarily suspend the monthly support fees for its TableTurn and Exatouch Point of Sale products for three months.JPMorgan Chase & Co. is temporarily closing 1,000 of its bank branches, or 20% of its network, because of Covid-19, according to press reports. The remaining open branches will …
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March 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
In the face of the Covid-19 pandemic, 7-Eleven Inc. said its home-delivery service has added a “contactless” option in which customers can indicate they want the delivery left at the door. The company’s 7NOW delivery app counts more than 30 million enrolled households.MoneyGram International Inc. reported its online transactions grew 60% year-over-year in …
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March 17, 2020
Acquiring, Competitive Strategies, Fraud & Security, Marketing, Point-of-sale, Transaction Processing
Transact, the Electronic Transactions Association’s annual conference, has been canceled because of the Covid-19 public health emergency.Kount Inc. launched Kount Control, technology it says will allow companies to fight malicious logins and bots, credential stuffing, and brute-force attacks without interfering with legitimate transactions.Mobile-commerce provider Bango Plc said it is providing carrier-billing services for …
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March 16, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Law and Regulation, Point-of-sale, Prepaid Cards, Pricing, Transaction Processing
Nacha’s Smarter Faster Payments 2020 Conference has been canceled because of concerns related to the novel coronavirus. Nacha said it is trying to develop a free virtual event with select educational content. Next year’s conference is scheduled for April 25-28 in San Francisco.Dueling bills have been introduced in the Delaware Legislature that would …
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