Many payments providers are doing what they can to help merchants. Revel Systems Inc. launched a standalone version of its online-ordering tool and Velocity Merchant Services is working with Womply to help businesses navigate the Paycheck Protection Program. Called Revel Go, the tool from Atlanta-based Revel can be added to …
Read More »Payroc Acquires Gateway Payments and other Digital Transactions News briefs from 4/23/20
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
Read More »Adyen Posts Double-Digit Volume and Revenue Growth Amid E-Commerce Shopping Binge
With the novel coronavirus driving consumers to e-commerce, payments provider Adyen NV posted first-quarter revenue of 135.5 million euros ($146.9 million), up 34% year-over-year. Volume rose 38% to 67 billion euros ($72.6 billion). Adyen processes payments for companies such as Uber, McDonalds, and Netflix, and also provides gateway services for …
Read More »AmEx Launches ‘Stand for Small’ Group and other Digital Transactions News briefs from 4/22/20
American Express Co. launched “Stand for Small,” a platform of more than 40 companies who have agreed to lend expertise to small businesses impacted by the effects of the Covid-19 pandemic.The World Bank predicted in a new report that global remittances will fall by about 20% this year because of the economic crisis …
Read More »Google Dangles Free Listings for Merchants on Its Google Shopping Tab
Alphabet Inc.’s chief subsidiary Google revealed Tuesday that merchants can soon have free listings on its Google Shopping tab. No-cost listings will become available in the United States next week and elsewhere before the end of 2020, Bill Ready, president of commerce at Mountain View, Calif.-based Google, said in a …
Read More »Synchrony Sounds Notes of Cautious Optimism As the Pandemic Takes Its Toll
The nation’s largest issuer of store cards sounded a note of optimism Tuesday as the Covid-19 crisis continued to ravage consumer spending. “Believe it or not, there are deals in the pipeline [with merchants],” said Margaret Keane, chief executive of Synchrony Financial. “We’re not sitting back. We’re highly engaged.” Keane …
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 »Airlines Urged To Have Payments Options Ready Once Pandemic Restrictions Ease
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 …
Read More »eBay Payments Expands and other Digital Transactions News briefs from 4/20/20
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, …
Read More »FreedomPay Adds Google Pay Support and other Digital Transactions News briefs from 4/17/20
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 …
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