Visa Inc. reportedly denied a request to delay the Oct. 1 EMV liability shift for petroleum businesses, according to a ConvenienceStoreNews.com article, which says several fuel-retailing groups petitioned Visa for the delay. Visa, the Web site said, attributing it to NACS, an association for convenience store operators, is said to be monitoring the …
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POS System Providers Swing Their Sights on Aiding Restaurants
Two point-of-sale system providers are taking action to help ailing restaurants as they contend with the repercussions of measures to stem the Covid-19 infection. First, TouchBistro Inc., a provider of payments technology for restaurants, launched its Restaurant Recovery Navigator, a collection of products and services aimed at helping dining establishments …
Read More »Eye on Merchants: An ISO’s Restaurant Service; Hilton, AmEx Donate Rooms; Visa’s $210 Million Commitment
As many merchants, especially those in hospitality, are challenged by slumping consumer demand amid the Covid-19 outbreak, payments companies are developing new resources and designating millions in aid. Restaurants, in particular, are experiencing steep drops in demand as consumers abide by shelter-at-home directives. They’re closing their dine-in spaces and, if …
Read More »Scammers Target Stimulus Money and other Digital Transactions News briefs from 4/6/20
Scammers are calling consumers to gull them into giving up personal financial details as a way of allegedly receiving stimulus money sooner from the CARES Act, warned the Pennsylvania chapter of the American Association of Retired Persons.Prepaid card program manager Paysign Inc. reported its 2019 revenue increased 48% year-over-year to $34.7 million. Net …
Read More »Eye on Acquiring: VizyPay’s Echo Daily Acquisition; Nuvei Debuts Small Business Support Program
Independent sales organization VizyPay LLC is buying one-time competitor Echo Daily Inc., and Nuvei Technologies Inc. is launching its Merchant Guru program to assist merchants affected by the Covid-19 outbreak. West Des Moines, Iowa-based VizyPay says its acquisition of Minden, Nev.-based Echo Daily will provide a boost in employee expertise …
Read More »Grocer Publix Activating Contactless Payment Acceptance and other Digital Transactions News briefs from 4/3/20
Supermarket giant Publix said it is installing contactless-payment capability in all 1,242 of its stores in an effort expected to be completed by Saturday. The move will allow customers with mobile devices to pay via Apple Pay, Google Pay, or Samsung Pay. The chain also said it is beefing up efforts to …
Read More »Eye on Merchants: CardFlight Says Small Business Sales Down; E-Commerce Sales Growth Continues
A decline in transactions at small and mid-size businesses accelerated through March as consumers react to shelter-at-home and social-distancing precautions, according to data from point-of-sale technology provider CardFlight Inc. But their spending shifted to e-commerce in many merchant categories, finds data from Signifyd, a vendor of e-commerce fraud solutions. Sales …
Read More »Consumers Warm to Digital Payments and other Digital Transactions News briefs from 4/2/20
Seventy-three percent of U.S. adults say they would be more or much more likely to use digital payments or digital banking services during a time of social distancing, according to a survey of 1,043 persons aged 18 and up by The Harris Poll on behalf of William Mills Agency. The canvass took …
Read More »Another Marriott Data Breach and other Digital Transactions News briefs from 4/1/20
In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …
Read More »Thoughts in the Time of Plague
At the time of this writing, a plague has descended on the world, and it’s not likely to have lifted by the time you read this column. Covid-19, a respiratory disease caused by a novel form of the coronavirus, originated in China this winter but has now swept through countries …
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