Digital Transactions Authoritative, insightful and timely information for payments professionals
- 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 income grew 188% to $7.5 million.
- Public fears that handling cash could spread the coronavirus causing the Covid-19 pandemic could spur development of digital currencies issued by central banks, according to a bulletin from the Bank of International Settlements.
- Cryptocurrency ATM network provider Bitcoin Depot says it has turned off some of its ATMs in high-traffic areas in order to promote social distancing and prevent the spread of the coronavirus.
- Saying it wants to do for e-commerce delivery “what Klarna has done for payments,” a Stockholm-based company called Ingrid has raised €1.16 million ($1.25 million) in an early-stage investment round. The startup gathers possible delivery options for an e-commerce purchase and presents them to consumers at checkout while leaving control of shipments in merchants’ hands.
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