Visa Inc. divulged both grim and hopeful payment data Thursday that largely reflects what its rivals have been seeing after the early weeks of the Covid-19 pandemic. “After strong growth in January and February, payments volumes dropped precipitously in the second half of March as lockdowns went into effect across …

Mastercard Inc. managed to remain profitable in the first quarter as the Covid-19 pandemic began to sweep the world, and its volume and transaction data for April indicate a possible bottoming out of the steep decline in consumer and business spending. U.S. dollar volume switched over Mastercard’s network in the …

It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …

The proxy fight between vending machine payments provider USA Technologies Inc.’s board of directors and top management on one side and the company’s largest shareholder, Hudson Executive Capital, on the other ended Monday with Hudson Executive the victor. Malvern, Pa.-based USAT announced an agreement with the New York City-based investment …

Discover cardholders might not jet around the country like many American Express cardholders do, but it’s still telling that Discover’s travel spending volume has plunged 99% this month as governmental stay-at-home orders and business closures to control the Covid-19 pandemic chill the economy. The near grounding of travel spending was …

Alphabet Inc.’s chief subsidiary Google revealed Tuesday that merchants can soon have free listings on its Google Shopping tab. No-cost listings will become available in the United States next week and elsewhere before the end of 2020, Bill Ready, president of commerce at Mountain View, Calif.-based Google, said in a …

It’s well known that Alphabet Inc.’s Google unit wants to offer consumers checking accounts, though that service has yet to launch. But the search-engine giant also reportedly is developing a debit card that would work in concert with its Google Pay mobile-payments service, according to news reports from Silicon Valley. …

They say that in every crisis there’s an opportunity. E-commerce merchant processor Stripe Inc. and several providers of prepaid accounts think they’ve found some in the Covid-19 pandemic sweeping the globe. San Francisco-based Stripe announced Thursday it had raised another $600 million in an extension of its Series G funding …

U.S. Bancorp’s big payments operation that includes merchant acquirer Elavon Inc. is usually a reliable revenue generator, but the bank-holding company’s exposure to the big downturn in travel-and-entertainment and business spending because of the Covid-19 pandemic became evident in the first quarter. Merchant payment volume declined 4.8% to $104.7 billion …

JPMorgan Chase & Co., parent company of the nation’s biggest bank-owned merchant acquirer, managed to pull off a 5% increase in processing volume in the first quarter despite the restrictions on economic activity that took force in many states in the second half of March to control the Covid-19 pandemic. …