News

April, 2020

• 28 April

  Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition

  

  It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …
• 28 April

  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 …
• 27 April

  North American Bancard fuels growth for sales partners and ISOs

  

  Business today is complicated as consumer needs and expectations shift. Whether it is about speed or the customer experience, more is expected, at an unprecedented pace. Merchants looking to manage consumer expectations in the payments arena often need help from a payments expert (sales partner) that is in tune with …
• 27 April

  USA Technologies Folds in Proxy Fight; Bergeron Named New Chairman

  

  The proxy fight between vending machine payments provider USA Technologies Inc.’s board of directors and top management on one side and the company’s largest shareholder, Hudson Executive Capital, on the other ended Monday with Hudson Executive the victor. Malvern, Pa.-based USAT announced an agreement with the New York City-based investment …
• 27 April

  Zelle Signups Growing and other Digital Transactions News briefs from 4/27/20

  

  Early Warning Services LLC said enrollments in its Zelle peer-to-peer payments network since early March are increasing at “more than double-digit rates above average” as stay-at-home users deploy the service to reimburse neighbors for groceries and canceled events and send money to friends and relatives who need cash. Some 837 financial institutions have …
• 27 April

  COMMENTARY: Contactless Payments Are Paying Off for Consumer Health

  

  The onset of the novel coronavirus has caused a seismic shift in the daily lives of Americans. While recent data in the fight against this pandemic are encouraging, we’re not out of the woods yet, and we will be slow to return to life as we once knew it. Social …
• 24 April

  $4 Trillion in Payment-Facilitator Global Processing Volume Forecasted by 2025

  

  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 …
• 24 April

  A Plunge in T&E Spending Hits AmEx As It Copes With the Pandemic’s Worldwide Impact

  

  A trend toward a near-total collapse in travel-and-entertainment spending helped drive down overall first-quarter card volume and discount revenue for American Express Co., the company reported Friday. “March was a very difficult month,” Stephen Squeri, AmEx’s chairman and chief executive, told stock analysts during a morning conference call. As with …
• 24 April

  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 …
• 23 April

  Led by a Near Grounding of Travel Spending, Discover’s Volume Is Off 29% in April

  

  Discover cardholders might not jet around the country like many American Express cardholders do, but it’s still telling that Discover’s travel spending volume has plunged 99% this month as governmental stay-at-home orders and business closures to control the Covid-19 pandemic chill the economy. The near grounding of travel spending was …