News

March, 2020

• 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 …
• 27 March

  With Stimulus Cash Pending, a Fintech Works With Banks to Get Money to the Underbanked

  

  With the U.S. House of Representatives expected to sign off Friday on a $2 trillion stimulus bill in the face of the Covid-19 pandemic ravaging the United States, some payments executives are focusing on how to get a share of that cash into the hands of the country’s underbanked and …
• 27 March

  Card Networks To Postpone Interchange Adjustments

  

  The payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned. The delays come as many merchants, especially restaurants, hotels, and local retailers have closed or greatly reduced their operations as part of governmental attempts …
• 27 March

  Diebold Nixdorf Withdraws Full-Year Financial Guidance and other Digital Transactions News briefs from 3/27/20

  

  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., …