After suffering through a 40% year-over-year decline in payment volume because of the Covid-19 pandemic, merchant processor EVO Payments Inc. says many merchants that went dormant are generating transactions again. Atlanta-based EVO’s active merchant count declined by about 35% during the worst part of the pandemic-induced business slowdown in mid-April, …
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Discover Volume Down 29%; Eye on Merchants; Payroc Acquires Gateway Payments
Eye on Merchants: Revel Adds an Online-Ordering Tool; Velocity And Womply Prep for PPP’s Second Wave
Many payments providers are doing what they can to help merchants. Revel Systems Inc. launched a standalone version of its online-ordering tool and Velocity Merchant Services is working with Womply to help businesses navigate the Paycheck Protection Program. Called Revel Go, the tool from Atlanta-based Revel can be added to …
Read More »Google Dangles Free Listings for Merchants on Its Google Shopping Tab
Alphabet Inc.’s chief subsidiary Google revealed Tuesday that merchants can soon have free listings on its Google Shopping tab. No-cost listings will become available in the United States next week and elsewhere before the end of 2020, Bill Ready, president of commerce at Mountain View, Calif.-based Google, said in a …
Read More »Yiftee Adds Facebook And Instagram Promotion to Support Digital Gift Cards for Local Merchants
Among payment devices, gift cards are unique in that they can promote a business as well as enable payments at the store or online. That’s an edge at a time of a pandemic, and now technology platforms that support digital gift cards are leveraging that advantage. Yiftee Inc. late on …
Read More »Visa Warns E-Commerce Merchants Using Older Versions of Magento To Upgrade Quickly
Visa Inc. is urging e-commerce merchants still using Adobe Inc.’s Magento 1 platform to upgrade to the newer Magento Commerce 2.3 because Magento will stop supporting Magento 1 at the end of June. Merchants continuing to use the older platform will fall out of compliance with the Payment Card Industry …
Read More »An Analysis of Planned Changes to Network Rates Yields a Deep Impact for U.S. Merchants
Visa Inc. and Mastercard Inc. have postponed their planned U.S. interchange revisions until July, but when these changes do take effect the net impact on merchants will be deep, according to an analysis released by CMSPi, an Atlanta-based global merchant payments consultancy. Indeed, the new pricing planned by the two …
Read More »Bumping Up Canadian Contactless Limits; Eye on Merchants; Scammers Target Stimulus Money
Eye on Merchants: An ISO’s Restaurant Service; Hilton, AmEx Donate Rooms; Visa’s $210 Million Commitment
As many merchants, especially those in hospitality, are challenged by slumping consumer demand amid the Covid-19 outbreak, payments companies are developing new resources and designating millions in aid. Restaurants, in particular, are experiencing steep drops in demand as consumers abide by shelter-at-home directives. They’re closing their dine-in spaces and, if …
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