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- 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 types of information most targeted by cybercriminals, according to the newly released “2020 Trustwave Global Security Report” from data-security services provider Trustwave Holdings Inc.
- Payments provider Klarna Inc. said transactions on its system for furniture and jewelry purchases rose 60% week-over-week in the week ended April 18. Much of the demand appears to be coming from consumers looking to upgrade their living spaces now that they’re working from home because of the Covid-19 pandemic, Klarna said. More consumers also are using the company’s buy-now, pay-later options.
- Payment card manufacturer CPI Card Group Inc. says it has made Covid-19-related monetary contributions to organizations in local communities where it operates in Colorado, Indiana, Minnesota, and Tennessee.
- U.S.-based multinationals Starbucks, McDonald’s, and Subway are among the firms reportedly planning to test a proposed government-backed digital currency in China, according to media reports.
- David Clifton, a vice president at digital-exchange operator Intercontinental Exchange Inc., has been appointed interim chief executive of Bakkt, a digital-assets trading and payments platform majority-owned by ICE. Clifton replaces Mike Blandina, who is leaving to pursue another opportunity.
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