Debit Cards

The U.S. Commerce Department’s Census Bureau issued advance estimates for April’s seasonally adjusted retail and food-services sales totaling $403.9 billion, down 16.4% from March and off 21.6% from April 2019.In one indication of the toll the slumping economy is taking on consumers, store card issuer and processor Alliance Data said its overall delinquency rate …

New network data from Mastercard Inc. show U.S. switched volume is off 6% year-over-year for the week ending May 7 compared with a 26% decline in the week ending April 30. Mastercard on Thursday released two more weeks of network data, for the weeks ending May 7 and April 28, …

In line with previous decisions from Visa Inc. and American Express Co., Discover Network said it is postponing its deadline for EMV capability at gas pumps to April 16, 2021. The original deadline was Oct. 16.Micro Merchant Systems, a provider of pharmacy technology, launched a service that allows patients to make contactless copays by …

With the world rushing to their phones, tablets, and PCs to buy what they need and want at a time when most physical stores are closed, the payment networks are maneuvering to smooth out online transactions. This includes chucking clunky checkouts and opening the way for transactions to go ahead …

The world’s response to Covid-19 already has accelerated trends underway in the payments business, and pandemic-spurred innovations will continue after the contagion eases, according to three senior industry executives. “The impacts of Covid-19 represent a true global reset of the entire market, not just our payments market,” said Philip McHugh, …

Amid stay-at-home and social-distancing orders, 40% of consumers say they will shop online more in the future than in-store, while 45% are using a mobile wallet and 16% are using paper currency less, according to a survey of 1,030 consumers by Fidelity National Information Services Inc. (FIS). Some 31% will use …

The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.Cardlytics Inc., which plans marketing programs based on intelligence gathered …

The Covid-19 impact continues to make itself known in the payments arena. Consumers are increasingly favoring debit cards, especially now that many have received $1,200 stimulus payments. And merchants using the Clover point-of-sale system now have access to online ordering on the platform. Consumers increased their debit card spending 6.6% …

USA Technologies Inc. named Sean Feeney chief executive officer, effective May 8. Feeney most recently was CEO of DefenseStorm Inc., a provider of cloud-based cybersecurity management for financial institutions. USAT processes payments for vending-machine operators. Hudson Executive Capital, USAT’s largest shareholder, recently installed eight new directors on the company’s board after winning …

Cardtronics plc chief executive Edward West pointed to a long-term effect from the Covid-19 pandemic that he said could prove beneficial for the company, the world’s largest ATM operator. “We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already …