Sobering data from Shift4 Payments LLC shows that U.S. hospitality-industry transaction volume plummeted in mid-March as consumers sheltered in place and travel, both business and personal, waned. Restaurant volume fell from 42 million transactions to 11 million, a 74% decrease for the period from the week of February 2 to …

With 78% of e-commerce transactions in 2019 coming from mobile devices, retailers have good reason to invest in their mobile-shopping experiences. Doing so, however, is not without risk, says credit-reporting agency TransUnion in its Global E-Commerce in 2020 report released Tuesday. The report is based on approximately 10 billion transactions …

With students not in school, the closure of restaurants and bars, and work-from-home edicts in place, consumer spending is shifting. Witness that in the week of March 9-15, the payment volume made with dipped EMV cards fell 5.17% from the week prior and mag-stripe volume fell 13.07%, according to the …

Payments providers are rallying support for small businesses, especially restaurants and hospitality merchants, contending with the effects of the coronavirus and urgent calls for social distancing. Just Tuesday, Nevada Governor Steve Sisolak ordered all casinos and other nonessential businesses, such as personal health and beauty businesses, to close for 30 days.  …

Repay Holdings Corp. said its 2019 card payment volume of $10.7 billion was a 44% increase over the combined 2018 figures for its constituent units, the Atlanta-based processor reported Monday. Formed in mid-2019 through the merger of Hawk Parent Holdings LLC and a subsidiary of Thunder Bridge Acquisition Ltd., Repay …

The unprecedented impact of dealing with the coronavirus outbreak encircling the globe has hit close to the payments industry. Several conferences have been postponed or canceled, and one vendor has set up a relief fund for merchants. Point-of-sale system maker Revel Systems Inc. created the Revel Relief Program, which can help …

As consumers and businesses contend with the uncertainty spawned by the coronavirus outbreak, payments companies will feel the effects, perhaps more than they’ve already announced. Though neither of the two larger U.S. card networks—Mastercard Inc. and Visa Inc.—have updated their recent revisions to their financial guidance, some analysts suggest the impact …

As merchants expect more consolidated services from their point-of-sale systems, payments providers are listening and acting. Merchant processor Shift4 Payments LLC said Tuesday that its suite of restaurant POS systems now has an integration with TakeOut7 Inc., an online-ordering service. This enables orders placed via TakeOut7 to sync with Shift4’s …

Online criminals are not that much unlike honest consumers in adopting mobile Web sites and apps as their favored channels with retailers and financial services. The evidence is that attack rates via mobile sites increased 56% in the latter half of 2019, according to the LexisNexis Risk Solutions Cybercrime Report …

Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, …