With the Covid-19 pandemic accelerating consumer use and merchant acceptance of contactless cards, technology companies are scrambling to exploit new opportunities stemming from the trend. One technology that could get a boost is software that can turn any off-the-shelf smart phone into a payment-acceptance device, a development the major card …

The Covid-19 pandemic in July fueled a sharp rise in e-commerce but also in fraud, according to the latest figures from ACI Worldwide Inc.  Global e-commerce transactions rose 19% in July over the same period a year earlier. Fraudulent transactions by value rose 4.4%, up from a 3.7% increase in …

Merchants in the United Kingdom won an important battle against interchange fees on Wednesday but it remains uncertain just how much that will mean to them in terms of remuneration from Visa Inc. and Mastercard Inc. The case also could have ramifications for similar action in the U.S. market, some …

Restaurants and point-of-sale providers alike are scrambling to stage a fast recovery from an induced coronavirus coma. Success will depend on technologies like contactless payments and online ordering. Americans love dining out. In 2020, restaurant industry sales were originally projected to grow for the 11th consecutive year, reaching a record …

Observers have said before that the Covid-19 crisis is reshaping payments. Now executives at PayPal Holdings Inc. expect a growing shift to digital options to be permanent. “People don’t want to touch cash. They don’t want to touch screens. There’s going to be a new normal,” said PayPal chief executive …

In an effort to reach occasional and very small sellers struggling with restrictions imposed to deal with the novel coronavirus pandemic, PayPal Holdings Inc. on Tuesday launched a Quick Response code capability for its mobile app. The feature allows a buyer to scan a QR code displayed by a seller …

Citing the business disruptions caused by the Covid-19 pandemic, Visa Inc. announced late Tuesday that it will delay until next April most of the interchange rate changes it had planned for July. The network also publicly confirmed the six-month postponement of its EMV liability shift for fuel pumps, and further …

No, that’s not an oxymoron. The big, 46-year-old network, with links to virtually every bank in the country, is on a growth tear. Here’s why. One of the biggest untold stories in the payments industry lies ready to hand for anyone who wants to check the numbers. It’s about a …

Dwolla Inc. said Monday it has hired Brady Harris to be its new chief executive, replacing founder Ben Milne. Harris comes to the Des Moines, Iowa-based payments provider from Payscape, an Atlanta-based merchant processor. Milne, who indicated this winter he wanted to step down as CEO, will stay with Dwolla …

The payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned. The delays come as many merchants, especially restaurants, hotels, and local retailers have closed or greatly reduced their operations as part of governmental attempts …