Debit Cards

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 …

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 …

JPMorgan Chase & Co., parent company of the nation’s biggest bank-owned merchant acquirer, managed to pull off a 5% increase in processing volume in the first quarter despite the restrictions on economic activity that took force in many states in the second half of March to control the Covid-19 pandemic. …

EBay Inc. named former Walmart Inc. executive Jamie Iannone chief executive officer, effective April 27. Iannone, who will succeed interim CEO Scott Schenkel, most recently served as chief operating officer of Walmart eCommerce and was at one time chief executive of SamsClub.com. EBay indicated earlier this year it has plans to …

More consumers appear to be keeping their credit cards in their wallets when they shop. Credit union service organization PSCU says its data show that overall credit card spend among consumers who use credit and debit cards issued by credit unions working with PSCU is down 29.3% for the week …

Fraud prevention firm Kount Inc. released a weekly tracker of e-commerce purchase trends. In mid-March it showed that U.S. online sales of home office furniture and electronics increased 54%.Installment payments provider Klarna Bank AB said data from consumer use of its shopping app shows that e-commerce purchases are shifting to health and beauty and …

Visa Inc. and Mastercard Inc. have postponed their planned U.S. interchange revisions until July, but when these changes do take effect the net impact on merchants will be deep, according to an analysis released by CMSPi, an Atlanta-based global merchant payments consultancy. Indeed, the new pricing planned by the two …

Payments-software provider Repay Holdings Corp. said it has integrated with lending-software vendor TurnKey Lender Inc., allowing financial institutions to fund loans at any time of day and accept loan payments by card or via the automated clearing house network through TurnKey’s platform or through mobile apps or other channels available to consumers.Upgrade …

Jack Dorsey, co-founder and chief executive of merchant processor and business-software provider Square Inc., on Tuesday pledged $1 billion for Covid-19 relief, and Mastercard Inc. committed $250 million over five years to help small businesses hit hard by the economic slowdown caused by the highly infectious disease. Those two announcements …