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 …
Read More »New Leadership at Merchant e-Solutions and other Digital Transactions News briefs from 4/28/20
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 …
Read More »EMS and Womply Pair To Aid Merchant PPP Applications and other Digital Transactions News briefs from 4/24/20
Independent sales organization Electronic Merchant Systems said it is working with Womply, a software and data-services provider for small businesses, to help merchants find lenders offering quick access to loan applications through the government’s Paycheck Protection Program, a Covid-19 relief effort.For the first time, ransomware incidents overtook payment card data when comparing the …
Read More »Coinqvest Debuts Crypto Processing Service and other Digital Transactions News briefs from 4/21/20
Coinqvest launched its enterprise cryptocurrency processing platform. With it, merchants can be paid online in cryptocurrencies and convert them into traditional currencies.The New York City Department of Transportation announced two apps can be used to pay for parking at more than 80,000 metered spots. In addition to the ParkNYC app, which …
Read More »The Libra Association Modifies Its Basic Plan in Response to Regulatory Concerns
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 …
Read More »Scammers Target Stimulus Money and other Digital Transactions News briefs from 4/6/20
Scammers are calling consumers to gull them into giving up personal financial details as a way of allegedly receiving stimulus money sooner from the CARES Act, warned the Pennsylvania chapter of the American Association of Retired Persons.Prepaid card program manager Paysign Inc. reported its 2019 revenue increased 48% year-over-year to $34.7 million. Net …
Read More »Consumers Warm to Digital Payments and other Digital Transactions News briefs from 4/2/20
Seventy-three percent of U.S. adults say they would be more or much more likely to use digital payments or digital banking services during a time of social distancing, according to a survey of 1,043 persons aged 18 and up by The Harris Poll on behalf of William Mills Agency. The canvass took …
Read More »Another Marriott Data Breach and other Digital Transactions News briefs from 4/1/20
In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …
Read More »Pandemic Scammers Emerge and other Digital Transactions News briefs from 3/20/20
TriNet Group Inc., a human-resources software provider, said a wave of scammers are exploiting the Covid-19 pandemic to gull people into buying so-called cures for the disease (no cure yet exists), as well as fake testing kits and vaccines.The Western Union Co. reported its digital money-transfer business “has continued to experience …
Read More »With Stimulus Cash Pending, a Fintech Works With Banks to Get Money to the Underbanked
With the U.S. House of Representatives expected to sign off Friday on a $2 trillion stimulus bill in the face of the Covid-19 pandemic ravaging the United States, some payments executives are focusing on how to get a share of that cash into the hands of the country’s underbanked and …
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