Digital Transactions Authoritative, insightful and timely information for payments professionals
Citing the risk to their businesses from the coronavirus pandemic, securities rating agency Fitch Ratings revised its outlook to negative for seven publicly traded consumer-finance companies, including American Express Co., Discover Financial Services, and Synchrony Financial.Main Event Entertainment Inc. issued a notification indicating malware collected data from cards used on point-of-sale devices for food-and-beverage and entertainment …
April, 2020
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29 April
Shelter-in-Place Policies Give eBay a Lift As Its Managed-Payments Platform Expands
E-commerce sites have been beneficiaries of shelter-at-home policies, and on Wednesday eBay Inc. indicated its marketplace has been no exception. But growth was tempered by a downdraft in classified listings and a widening trend toward state Internet sales taxes, the company said. Meanwhile, eBay’s venture into running payments for sellers …
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29 April
Straight Talk for ISOs: A Q&A from First American’s Angela Carranza and Ross Paup
Ross Paup is Senior Manager, Strategic Partnerships Angela Carranza is Manager, Strategic Partnerships “Relationship” has become a dirty word in the industry. It’s overused and empty. What’s so different about the First American approach? Angela: We take the time to know our prospects from both a business and personal level. …
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29 April
Mastercard Volumes Beginning To Show Some Stabilization after Sharp Drop-Off
Mastercard Inc. managed to remain profitable in the first quarter as the Covid-19 pandemic began to sweep the world, and its volume and transaction data for April indicate a possible bottoming out of the steep decline in consumer and business spending. U.S. dollar volume switched over Mastercard’s network in the …
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29 April
Amid Covid-19, a Mobile App Emerges for Remote Check-in And Payments at Clinics
Since the onset of the Covid-19 pandemic, there has been much talk about managing exposure in stores and other public places with technology such as contactless payments. But now a company has launched mobile technology to help protect patients as well as caregivers from infection at the doctor’s office. The …
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29 April
Euronet Transfer Volume up 3% and other Digital Transactions News briefs from 4/29/20
Money-transfer specialist and ATM operator Euronet Worldwide Inc. reported 27.4 million money-transfer transactions in the first quarter of 2020, up 3% from 26.6 million a year ago. Euronet said its ATM count of 42,176 at the end of the quarter is up from 42,034 last year. The company just acquired Dolphin Debit, a …
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28 April
As Online Usage Surges, Watch Out for an Even Bigger Jump in Fraud, Experts Warn
Payments fraud was already rising, and now experts predict increased online usage brought on by stay-at-home orders will only exacerbate the trend. While losses haven’t shown up yet, e-commerce activity taking place now is sowing the seeds of a dramatic jump in coming months. “Fraud is always a trailing activity,” …
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28 April
Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition
It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …
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28 April
New Leadership at Merchant e-Solutions and other Digital Transactions News briefs from 4/28/20
Payments provider Merchant e-Solutions announced new leadership, including chief executive Mike Rouse and eight other top executives.Shift4 Payments launched SkyTab Takeout, an online-ordering system for restaurants it is offering with no setup, order, or monthly fees.HomeAdvisor, an online marketplace linking homeowners to service providers, launched HomeAdvisor Pay, which allows homeowners to make contactless payments …
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27 April
North American Bancard fuels growth for sales partners and ISOs
Business today is complicated as consumer needs and expectations shift. Whether it is about speed or the customer experience, more is expected, at an unprecedented pace. Merchants looking to manage consumer expectations in the payments arena often need help from a payments expert (sales partner) that is in tune with …