News

April, 2020

• 1 April

  U.S. Real-Time Payment Volume Could Top 4.2 Billion by 2024, ACI Report Finds

  

  Big hopes for broader real-time payments adoption in the United States could be fulfilled if ACI Worldwide Inc.’s prediction of 4.2 billion in real-time payment transactions by 2024 bears out. In its “Prime Time for Real-Time” report released Wednesday, ACI and research firm GlobalData Plc, forecast the U.S. real-time payment …
• 1 April

  Another Marriott Data Breach and other Digital Transactions News briefs from 4/1/20

  

  In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …

March, 2020

• 31 March

  Covid-19 Cuts Priority Technologies’ Volumes, but Processor Anticipates Future Growth

  

  Priority Technologies Holdings Inc. says that just like other merchant acquirers its payment volumes are taking a hit as consumers and businesses hunker down in reaction to the corona virus. But its chief executive insists Priority’s diversified business model provides insulation from the pandemic’s worst effects.  Overall processing volumes for …
• 31 March

  The Benefits of an End-to-End Solution

  

  Eric Goldberg Vice President of Sales Traditionally retail was easy — install a payment terminal or PC POS system, connect to a common database, and you were ready to go. Things have changed. POS systems now need to tie in with other systems. These systems may be your cloud, e-commerce …
• 31 March

  U.S. E-Commerce Growth Surges for Many Merchants Amid the Covid-19 Pandemic

  

  Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth …
• 31 March

  PayPal Announces Fee And Loan Relief for Merchants Impacted by Covid-19

  

  As the Covid-19 pandemic impacts businesses worldwide, global payments companies are starting to respond with relief. The latest is PayPal Holdings Inc., which on Tuesday announced several measures aimed at cutting fees and deferring loan payments for merchants. More than 24 million businesses accept payments or other services from PayPal. …
• 31 March

  Visa Volume Down 7% and other Digital Transactions News briefs from 3/31/20

  

  With the coronavirus pandemic freezing economic activity in the U.S. and many other countries, Visa Inc. reported in a regulatory filing that U.S. credit card payment volume was down 7% year-over-year for the March 1-28 period while debit payments were down 1%. Cross-border volume on a constant-dollar basis was off 19%. …
• 30 March

  Dwolla Appoints Payscape’s Harris to Succeed Founder Milne As CEO

  

  Dwolla Inc. said Monday it has hired Brady Harris to be its new chief executive, replacing founder Ben Milne. Harris comes to the Des Moines, Iowa-based payments provider from Payscape, an Atlanta-based merchant processor. Milne, who indicated this winter he wanted to step down as CEO, will stay with Dwolla …
• 30 March

  EVO Payments Gets Liquidity Injection To Help It Cope with Covid-19’s Effects

  

  Merchant acquirer EVO Payments Inc. disclosed Sunday that it had received a $150 million investment from a private-equity firm to help carry it through the Covid-19, or coronavirus, pandemic, which has decimated consumer spending. The investment came from funds affiliated with Chicago-based Madison Dearborn Partners LLC, which has been a …
• 30 March

  Pandemic Scammers Emerge and other Digital Transactions News briefs from 3/20/20

  

  TriNet Group Inc., a human-resources software provider, said a wave of scammers are exploiting the Covid-19 pandemic to gull people into buying so-called cures for the disease (no cure yet exists), as well as fake testing kits and vaccines.The Western Union Co. reported its digital money-transfer business “has continued to experience …