Led by the removal of 30,000 ATMs in China, the number of ATMs worldwide fell by 15,000 units, or 0.5%, in 2019 to 3.23 million machines from 3.25 million in 2018, according to new findings from London-based research firm RBR. The United States and Canada also saw declines in their …

Working with an unnamed partner, commerce platform Shopify Inc. said it will launch Shop Pay Installments later this year. The option will let consumers at checkout split purchases into four equal installments at no interest.In related news, point-of-sale installment lender PayBright said Canadian fashion retailer Groupe Dynamite is offering PayBright’s service on the merchant’s …

Cardtronics plc chief executive Edward West pointed to a long-term effect from the Covid-19 pandemic that he said could prove beneficial for the company, the world’s largest ATM operator. “We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already …

Observers have said before that the Covid-19 crisis is reshaping payments, but on Wednesday afternoon executives at PayPal Holdings Inc. made it clear they expect this 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 …

The pandemic is wreaking havoc on multiple fronts in the payments business. But if we let market forces work their usual magic, look for a recovery next year. The Covid-19 pandemic is roiling the payments industry. State shutdowns have taken a whopping 29% of the U.S. economy offline. Moody’s reports …

The Covid-19 pandemic is overhauling payment habits, and hence payment technology. How long-lasting are the changes? On 9/11, when terrorists attacked New York City and Washington, D.C., they commandeered passenger airliners and used them as flying bombs. Nobody knew in the heat of the moment how many more might be …

The Covid-19 pandemic is a mandate for making investments in customers, employees, and corporate infrastructure. The pandemic has caused many new problems, but even more so it has shown that old problems need to be addressed more than ever before. Long-recognized concerns in financial services have become acute problems under …

The onset of the novel coronavirus has caused a seismic shift in the daily lives of Americans. While recent data in the fight against this pandemic are encouraging, we’re not out of the woods yet, and we will be slow to return to life as we once knew it. Social …

The payment-facilitator model isn’t likely to slow down any time soon. A new report predicts payment volume made via payment facilitators will top $4 trillion annually by 2025. Payment facilitators enable merchants to process payments under the banner of an organization that manages the payment connections and liability without requiring …

The Covid-19 crisis is making cobranded travel credit cards less valuable.  Demand for travel has taken a nosedive amid flight restrictions to international destinations, mandatory stay-at-home orders, and rising alarm over the coronavirus pandemic. Airlines have had to cancel flights and ground thousands of aircraft. Airline lounges and hotels have …