News

October, 2020

• 30 October

  Eye on BNPL: Splitit Will Test Visa’s Installment API And Sezzle Doubles Its Staff

  

  The buy now, pay later payment option continues to barrel ahead as Covid-weary consumers seek new sources of credit at the point of sale. In the latest news, Splitit Payments Ltd., said it is testing the integration of a Visa Inc. application programming interface for installment payments and Sezzle Inc. …
• 30 October

  COMMENTARY: In the Age of Covid, It’s Time For Retailers to Shift to Digital Offers

  

  Covid-19 has been highly disruptive to the U.S. retail sector, with research estimating sales will fall by 10.5% this year. The same forecast suggests small, mainly brick-and-mortar retailers will see a 14% drop in sales. Even now, months after the pandemic’s first appearance in the U.S market, forty-five percent of …
• 30 October

  Western Union P2P Transactions up 6% and other Digital Transactions News briefs from 10/30/20

  

  The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …
• 29 October

  Clover Combines Ordering And Payment With Its QR Code Technology

  

  Fiserv Inc.’s Clover point-of-sale technology business on Wednesday unveiled Scan to Order, which allows consumers to access a menu and pay for their meal by scanning a QR code at the table or the order window. The application reflects an emerging trend among restaurants to shift interactions between customers and …
• 29 October

  Global Payments Revenue Down 4% and other Digital Transactions News briefs from 10/29/20

  

  Processor Global Payments Inc. reported adjusted net revenue of $1.746 billion for the third quarter, down 4% year-over-year on a combined basis. Global acquired processor TSYS Inc. last year.FIS Inc. reported total third-quarter revenue for its merchant-processing unit of $1.02 billion, up 44% year-over-year. The lift comes chiefly from the acquisition of the …
• 28 October

  Visa Looks for Brighter Skies in 2021 As It Emerges From a Year Darkened by Covid’s Impact

  

  Visa Inc. may be bidding good riddance to a Covid-haunted fiscal 2020, but the giant payments network made it plain Wednesday afternoon it is looking forward to a very different fiscal 2021. “The pandemic is still with us,” noted Vasant Prabhu, the company’s chief financial officer, but “fiscal year 2021 …
• 28 October

  Mastercard’s Top Brass Points to Signs of a Recovery But Warns of Recent Restrictions

  

  As were all payments networks, Mastercard Inc. was hammered by the novel coronavirus pandemic, but its leaders Wednesday morning pointed to a tentative recovery. “Overall, we see signs of improvement, but we’re not out of the woods yet,” noted Ajay Banga, Mastercard’s outgoing chief executive, during a conference call with …
• 28 October

  Visa To Acquire YellowPepper USA and other Digital Transactions News briefs from 10/28/20

  

  Visa Inc. has agreed to acquire YellowPepper USA Inc., whose technology supports financial institutions in Latin America and the Caribbean in launching cards and other financial services. Terms of the transaction, which is expected to close in the next few weeks, were not announced.Celero Commerce said it will acquire TransNational Payments. Celero …
• 27 October

  Buoyed by Merchant Acceptance, Fiserv Comes Close to Returning to Pre-Covid Levels

  Led by its merchant-acquiring unit, Fiserv Inc. in the quarter ended Sept. 30 continued its rebound from the wallop it took from Covid-19. The Brookfield, Wis.-based company reported total revenue, adjusted for its First Data Corp. acquisition in July 2019, of $3.59 billion for the quarter, down a slight 1% …
• 27 October

  With a Deadline Looming, National Retail Solutions Markets a Retrofit for EMV at the Pump

  

  National Retail Solutions, a POS platform provider for independent convenience stores, is reselling an EMV at the pump retrofit kit from Sound Payments Inc. under its own brand that can significantly reduce station owners’ EMV compliance costs. NRS is calling the technology the NRS EMV EZ Pump Solution. The retrofit …