Competitive Strategies

Nearly empty commercial airline flights mean a lot less tickets being purchased. This result of efforts to tamp down the Covid-19 infection packs a wallop for the travel industry. But, the time can be put to use taking care of formerly delayed payment projects and preparing for the resumption of …

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, …

Among payment devices, gift cards are unique in that they can promote a business as well as enable payments at the store or online. That’s an edge at a time of a pandemic, and now technology platforms that support digital gift cards are leveraging that advantage. Yiftee Inc. late on …

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 …

They say that in every crisis there’s an opportunity. E-commerce merchant processor Stripe Inc. and several providers of prepaid accounts think they’ve found some in the Covid-19 pandemic sweeping the globe. San Francisco-based Stripe announced Thursday it had raised another $600 million in an extension of its Series G funding …

Under pressure for months from governments and regulators worldwide, the Libra cryptocurrency venture has applied for a key payments-system license and changed course on a number of its prime strategies, including setting out new plans for single-currency stablecoins and a stronger compliance regime. FINMA, the Swiss financial regulator, confirmed Thursday …

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 …

If the first quarter of the year is any indication, person-to-person payments might be getting a big lift as stay-at-home consumers look for safe ways to pay in the face of the Covid-19 outbreak. Bank of America Corp. reported Wednesday transactions on its Zelle platform shot up 76% compared to …

U.S. Bancorp’s big payments operation that includes merchant acquirer Elavon Inc. is usually a reliable revenue generator, but the bank-holding company’s exposure to the big downturn in travel-and-entertainment and business spending because of the Covid-19 pandemic became evident in the first quarter. Merchant payment volume declined 4.8% to $104.7 billion …

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 …