March 27, 2020
ATMs, Competitive Strategies, Debit Cards, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
ATM and retail-checkout equipment manufacturer Diebold Nixdorf Inc. withdrew its full-year financial guidance, saying that in some locations it “is seeing instances of product installation disruptions from coronavirus-related logistics challenges, which impacts the company’s ability to forecast product revenue.” The company also postponed its planned May 21 Investor Day event.PAR Technology Corp., …
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March 26, 2020
Acquiring, Competitive Strategies, E-Commerce, Mobile Commerce, Transaction Processing
A San Francisco-based startup that claims to have a better mousetrap for e-commerce checkouts has raised $20 million in a Series A funding round led by a prominent online merchant acquirer, Stripe Inc. Fast AF Inc. said it will use the funding to accelerate the global rollout of its upcoming …
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March 26, 2020
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Lightspeed POS Inc. said it is offering its Delivery, eCommerce, and Loyalty services free for the next three months because of the Covid-19 impact on merchants.Online fraud-prevention provider Signifyd released its Covid-19 Business Continuity Package that offers new clients free access to some Signifyd products.Payments provider Fattmerchant said it is now an official gateway partner …
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March 25, 2020
Acquiring, ATMs, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Smart Cards, Transaction Processing
A national survey of 850 small businesses found 69% have seen a “large drop” in demand because of the coronavirus pandemic, while 60% say they believe demand will drop further. The survey was conducted by America’s Small Business Development Centers and Thryv Inc., a software vendor specializing in small businesses.The U.S. Faster Payments …
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March 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
With much of the world locked down in combatting the novel coronavirus pandemic, a financial trade group in the United Kingdom said Tuesday the country would increase the spending limit on contactless transactions by 50% effective April 1. The move will allow consumers to pay without touching a keypad or …
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March 24, 2020
Acquiring, E-Commerce, Fraud & Security, Mobile Commerce, Transaction Processing
With 78% of e-commerce transactions in 2019 coming from mobile devices, retailers have good reason to invest in their mobile-shopping experiences. Doing so, however, is not without risk, says credit-reporting agency TransUnion in its Global E-Commerce in 2020 report released Tuesday. The report is based on approximately 10 billion transactions …
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March 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
With students not in school, the closure of restaurants and bars, and work-from-home edicts in place, consumer spending is shifting. Witness that in the week of March 9-15, the payment volume made with dipped EMV cards fell 5.17% from the week prior and mag-stripe volume fell 13.07%, according to the …
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March 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
JPMorgan Chase & Co. led U.S. merchant acquirers last year with $1.51 trillion in dollar volume processed, according to new industry rankings announced Wednesday by The Strawhecker Group. Long a powerhouse in acquiring, Chase led 2018’s rankings with $1.4 trillion in volume. Retaining second place last year was Worldpay, with …
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March 18, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Payments providers are rallying support for small businesses, especially restaurants and hospitality merchants, contending with the effects of the coronavirus and urgent calls for social distancing. Just Tuesday, Nevada Governor Steve Sisolak ordered all casinos and other nonessential businesses, such as personal health and beauty businesses, to close for 30 days. …
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March 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
In the face of the Covid-19 pandemic, 7-Eleven Inc. said its home-delivery service has added a “contactless” option in which customers can indicate they want the delivery left at the door. The company’s 7NOW delivery app counts more than 30 million enrolled households.MoneyGram International Inc. reported its online transactions grew 60% year-over-year in …
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