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 …

U.S. payment volume growth was still in negative territory in May thanks to the Covid-19 pandemic, but the picture was brighter than it was in April, Visa Inc. reported late Monday. “In May, total U.S. payments volume declined 5% year-over-year, a 13 percentage point (ppt) improvement over April,” Visa said …

This special code has made possible everything from mobile payments to open banking. Now, get ready for the next stage in the evolution of this remarkable technology. It seems like it was just yesterday that a group of technology experts from the major California banks were sitting around a table …

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 …

The U.S. Postal Service has become an unlikely flashpoint in the Covid-19 pandemic, finding itself at the center of arguments over relief funds both for institutions and consumers as its revenues have dropped during shelter-in-place periods around the country. The Post Office receives no taxpayer funds and has struggled financially …

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 …

Visa Inc. appointed Chris Newkirk as chief strategy officer, a newly created position in which he will lead strategic planning for Visa overall and work with Visa’s regional teams. Newkirk, who will report to chairman and CEO Al Kelly, comes to Visa from Capital One Financial Corp., where he held a …

After years of working with Internet firms and payments and tech companies to develop its authentication standards, the Fast IDentity Online (FIDO) Alliance on Wednesday unveiled a Web site to familiarize consumers with its work and a symbol that indicates a Web site or device is using its technology. The …

E-commerce facilitator WooCommerce launched WooCommerce Payments to provide checkout and payments-management capability for merchants on its platform. Transaction fees start at 2.9% plus 30 cents for U.S.-issued cards.ACI Worldwide Inc. announced Wundr Group Ltd., a retail payments platform specializing in cross-border transactions, will use ACI’s UP eCommerce Payments technology, which links to card-transaction …

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 …