Transaction Processing

Repay Holdings Corp. said its 2019 card payment volume of $10.7 billion was a 44% increase over the combined 2018 figures for its constituent units, the Atlanta-based processor reported Monday. Formed in mid-2019 through the merger of Hawk Parent Holdings LLC and a subsidiary of Thunder Bridge Acquisition Ltd., Repay …

Transact, the Electronic Transactions Association’s annual conference, has been canceled because of the Covid-19 public health emergency.Kount Inc. launched Kount Control, technology it says will allow companies to fight malicious logins and bots, credential stuffing, and brute-force attacks without interfering with legitimate transactions.Mobile-commerce provider Bango Plc said it is providing carrier-billing services for …

So, how much will Covid-19 have affected payment card dollar and transaction volumes when the card networks and merchant processors report their first-quarter financials beginning in about a month? At this point, it’s way too early to tell. An early read might come Tuesday when American Express Co. is scheduled …

As stock markets swoon in the face of the novel coronavirus outbreak and its effects, prices for cryptocurrencies like Bitcoin are sliding as well, disproving at least for now the idea that cryptos can serve as a so-called safe haven for investors. Bitcoin, the leading digital currency, was trading at …

Nacha’s Smarter Faster Payments 2020 Conference has been canceled because of concerns related to the novel coronavirus. Nacha said it is trying to develop a free virtual event with select educational content. Next year’s conference is scheduled for April 25-28 in San Francisco.Dueling bills have been introduced in the Delaware Legislature that would …

Airport restaurant and retail operator OTG Experience LLC says it will be one of the first retailers to use Amazon.com Inc.’s “Just Walk Out” cashierless technology, the system that powers Amazon’s Amazon Go stores, when it opens a CIBO Express Gourmet Market next week in Terminal C of Newark Liberty International Airport.A technology …

As the plague of ransomware continues to roil digital payments and other industries, it turns out state and local governments are proving to be particularly vulnerable. In fact, ransomware attacks on school systems, police departments, city administrative offices, and other governmental agencies are rising fast. Last year, state and local …

The electronic-payments industry is settling into a ride-it-out mode as panic selling resumed Thursday on Wall Street over the coronavirus, now deemed a pandemic by the World Health Organization. The Dow Jones Industrial Average opened down 1,700 points, and most payments stocks went over the cliff with it. In late-morning …

Payments provider North American Bancard LLC launched two new compensation programs for sales agents, including a restructured bonus program and a portfolio buyout program that includes an opportunity for qualified sales agents to have a portion of their residuals purchased.Processor Wirecard AG is partnering with point-of-sale credit specialist Klarna AB to integrate all of …

As consumers and businesses contend with the uncertainty spawned by the coronavirus outbreak, payments companies will feel the effects, perhaps more than they’ve already announced. Though neither of the two larger U.S. card networks—Mastercard Inc. and Visa Inc.—have updated their recent revisions to their financial guidance, some analysts suggest the impact …