As businesses start to reopen, independent sales organizations and other payment providers are rolling out programs suited to the new reality faced by both proprietors and their customers. The latest example comes from VizyPay, which on Tuesday announced a service it says will help merchants attract old customers and pull …
July, 2020
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7 July
A Processor’s Employees Get Catch-Up Pay and other Digital Transactions News briefs from 7/7/20
Employees of independent sales organization Gravity Payments Inc. who collectively volunteered to take pay cuts during the coronavirus pandemic to avoid layoffs are now being repaid what they sacrificed; the average employee is getting $4,300 in back pay, Yahoo Money reported.Payment processor Computer Services Inc. reported record quarterly revenue of $70.6 million for its …
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2 July
European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20
A group of 16 European banks said they plan to launch a “truly European” unified payments system by 2022 that would be an alternative to Visa and Mastercard, Reuters reported.The slowdown in in-store shopping due to the Covid-19 pandemic has caused some stores to run out of coins; most recently big-box grocery chain …
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1 July
MagTek Launches Token Service and other Digital Transactions News briefs from 7/1/20
MagTek Inc. said its Magensa unit launched token technology to make touchless payments easier. The technology enables a merchant to send a payment link containing the token via email or text that allows consumers to pay in a secure environment. MagTek said the technology is available in QwickPAY, the Magensa mobile …
June, 2020
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30 June
Wix Payments Unveiled and other Digital Transactions News briefs from 6/30/20
Website-creation platform Wix.com Ltd. launched its e-commerce service that offers Wix Payments, a payment-processing service.The Regal movie-theater chain, a unit of Cineworld Group, said it will reopen its 541 U.S. theaters July 31 and will implement contactless payments along with other measures to prevent the spread of Covid-19.Marqeta Inc. said it will support issuance …
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29 June
Chargebacks911 Debuts a Chargeback-Management Tool for Financial Institutions
Chargebacks reverberate throughout the payment stream, and now Chargebacks911 has released a tool that it says will help financial institutions better manage them. Dubbed Fi911, the tool is meant to automate procedures and make them more efficient, Clearwater, Fla.-based Chargebacks911 says. The company says more chargeback inquiries are being directed …
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29 June
AmEx Launches $200 Million Shop Small Program and other Digital Transactions News briefs from 6/29/20
American Express Co. announced a global, $200 million Shop Small campaign to support small businesses, many of which have been affected by the Covid-19 pandemic. U.S. AmEx cardholders can get $5 back after they spend $10 or more, up to 10 times, when they buy online or in-store at qualified businesses …
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26 June
Some E-Commerce Categories Return to Growth While Small Business Sales Continue Double-Digit Rise
While e-commerce sales overall have ballooned for many merchants since the March 11 declaration of the Covid-19 pandemic, health-and-beauty and business supplies generally did not. Until last week. Online business supplies sales were up 21% and health-and-beauty sales were up 20% for the week of June 16-22, reports the Signifyd …
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26 June
COMMENTARY: Nine Ways Gas And Convenience Retailers Can Cut Their Fraud Risk
All card schemes are now on board with the new deadline for the U.S. EMV liability shift in April 2021. So, the time to upgrade—if you haven’t—is now. Adding EMV chip readers both inside a store and at automated fuel dispensers (AFDs) isn’t intended to be a hardship for gas …
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25 June
Paysafe Names New Acquiring And E-Commerce Heads As Payments Veteran Rawls Retires
Paysafe Group on Thursday capped a recent restructuring of its payment-processing unit with the appointment of a chief executive for the unit’s U.S. acquiring division. Afshin Yazdian on July 1 will take over the division, one of two businesses formed with the splitting of the company’s payment-processing unit. Paysafe also …