Digital fiat currencies are coming. Bitcoin and the more than 5,000 cryptocurrencies it inspired have ignited the interest of the Federal Reserve, the European Central Bank, and the Peoples Bank of China, as well as that of private-sector players like Visa and Facebook, in digital currencies tied to dollars, euros, …

Merchant processor Square Inc. said that as of June 10 its Square Capital service had facilitated more than $820 million in Paycheck Protection Program loans to 76,000 small businesses since April 29. PPP loans are part of the federal government’s stimulus program to combat the economic downturn caused by the Covid-19 pandemic.In …

COVID-19 has shaken the global economy. Social distancing has drastically shifted consumer behavior and introduced a new set of challenges to stores and shoppers alike. For merchants, it has been difficult to manage a dip in discretionary spending, a rapidly increasing number of online shoppers, and an explosion of competition …

As businesses reopen in the United States and abroad, many are looking to modernize their payments flows to minimize cash and maximize touch-free digital payments. Tech startups are stepping up in hopes of meeting the need. Late on Tuesday, a 5-year-old startup called Squire Technologies Inc. announced it had raised …

The economy is slowly thawing from its Covid-19 freeze-up, but many card-accepting merchants are struggling with more chargebacks stemming from canceled trips, non-delivery of goods, or other reasons. And some of them also are dealing with demands from their merchant acquirers for more cash to fund reserve accounts. Payments and …

Here’s a look at the impact integrated payments can have on the vet industry. The global veterinary-services market is projected to reach $200 billion in 2020. Indeed, the landscape is quickly evolving, creating more demanding needs from practice managers looking to reduce costs, improve the customer experience, and generate revenue. …

The Covid-19 pandemic threatens to send merchant acquirers’ attrition rates through the roof. How bad is the damage, and how bad will it get? Covid-19 is on the loose, and behind it The Grim Reaper of Retail has come calling. Brick-and-mortar merchants already were struggling with the e-commerce onslaught, but …

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 …

Fully 25% of U.S. merchants that accept payment cards experienced a drop of 56% or more in card volume in April compared with February, finds a new study from The Strawhecker Group. After analyzing billions of transactions from more than 1 million card-accepting merchants across the United States, the Omaha, …

In its first “State of Spend” report, loyalty platform provider Cardlytics Inc., which develops offers for customers of some of the nation’s largest banks based on transaction data, says spending on streaming services rose 24% year-over-year in the March 12-April 29 period.Digital-payments and banking-services provider i2c Inc. said it is supporting Crypto.com as …