Acquiring

Visa Inc. divulged both grim and hopeful payment data Thursday that largely reflects what its rivals have been seeing after the early weeks of the Covid-19 pandemic. “After strong growth in January and February, payments volumes dropped precipitously in the second half of March as lockdowns went into effect across …

Contactless payments may finally be gaining further adoption by U.S. consumers. Spurred by prevention efforts in reaction to the Covid-19 pandemic, many consumers—51%—use some form of contactless payment, Mastercard Inc. says. In what may be the most detailed data yet publicly released about U.S. consumers and contactless payments, Mastercard’s survey …

Citing the risk to their businesses from the coronavirus pandemic, securities rating agency Fitch Ratings revised its outlook to negative for seven publicly traded consumer-finance companies, including American Express Co., Discover Financial Services, and Synchrony Financial.Main Event Entertainment Inc. issued a notification indicating malware collected data from cards used on point-of-sale devices for food-and-beverage and entertainment …

Mastercard Inc. managed to remain profitable in the first quarter as the Covid-19 pandemic began to sweep the world, and its volume and transaction data for April indicate a possible bottoming out of the steep decline in consumer and business spending. U.S. dollar volume switched over Mastercard’s network in the …

Since the onset of the Covid-19 pandemic, there has been much talk about managing exposure in stores and other public places with technology such as contactless payments. But now a company has launched mobile technology to help protect patients as well as caregivers from infection at the doctor’s office. The …

Money-transfer specialist and ATM operator Euronet Worldwide Inc. reported 27.4 million money-transfer transactions in the first quarter of 2020, up 3% from 26.6 million a year ago. Euronet said its ATM count of 42,176 at the end of the quarter is up from 42,034 last year. The company just acquired Dolphin Debit, a …

Payments provider Merchant e-Solutions announced new leadership, including chief executive Mike Rouse and eight other top executives.Shift4 Payments launched SkyTab Takeout, an online-ordering system for restaurants it is offering with no setup, order, or monthly fees.HomeAdvisor, an online marketplace linking homeowners to service providers, launched HomeAdvisor Pay, which allows homeowners to make contactless payments …

Early Warning Services LLC said enrollments in its Zelle peer-to-peer payments network since early March are increasing at “more than double-digit rates above average” as stay-at-home users deploy the service to reimburse neighbors for groceries and canceled events and send money to friends and relatives who need cash. Some 837 financial institutions have …

The onset of the novel coronavirus has caused a seismic shift in the daily lives of Americans. While recent data in the fight against this pandemic are encouraging, we’re not out of the woods yet, and we will be slow to return to life as we once knew it. Social …

The payment-facilitator model isn’t likely to slow down any time soon. A new report predicts payment volume made via payment facilitators will top $4 trillion annually by 2025. Payment facilitators enable merchants to process payments under the banner of an organization that manages the payment connections and liability without requiring …