E-Commerce

Commerce platform Shopify Inc. has released a refreshed point-of-sale appliance and suite of features. Announced Monday, the revised Shopify POS system is a tablet set on a stand with additional software capabilities. Among the new features is mobile checkout that enables payment acceptance in store or at curbside, an especially …

Payments processor Computer Services Inc. reported record revenue of $284.2 million for fiscal 2020 ended Feb. 29, up 8% year-over-year. Revenue for the fiscal fourth quarter came to $72.7, also a record, up 14.1% year-over-year. For the coming months, the company said it expects Covid-19 will depress sales of new products and …

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 …

The three months ended March 31 were an eventful time for Apple Inc., as they were for most companies, but unlike many the company managed to largely contain the damage wrought by the Covid-19 pandemic. “We’ve seen our products take on renewed interest” in the wake of Covid-19 and the …

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 …

E-commerce sites have been beneficiaries of shelter-at-home policies, and on Wednesday eBay Inc. indicated its marketplace has been no exception. But growth was tempered by a downdraft in classified listings and a widening trend toward state Internet sales taxes, the company said. Meanwhile, eBay’s venture into running payments for sellers …

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 …

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 fraud was already rising, and now experts predict increased online usage brought on by stay-at-home orders will only exacerbate the trend. While losses haven’t shown up yet, e-commerce activity taking place now is sowing the seeds of a dramatic jump in coming months. “Fraud is always a trailing activity,” …

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 …