Friday , June 5, 2020

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

Shopify Releases Refreshed POS System With Mobile Checkout And Omnichannel Management

Commerce platform Shopify Inc. has released a refreshed point-of-sale appliance and suite of features. Announced Monday, the revised Shopify POS system is a tablet set on a stand with additional software capabilities. Among the new features is mobile checkout that enables payment acceptance in store or at curbside, an especially …

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More Than Half of U.S. Consumers Now Use Some Form of Contactless Payments, Mastercard Says

Contactless payments may finally be gaining further adoption by U.S. consumers. Spurred by prevention efforts in reaction to the Covid-19 pandemic, many consumers—51%—use some form of contactless payment, Mastercard Inc. says. In what may be the most detailed data yet publicly released about U.S. consumers and contactless payments, Mastercard’s survey …

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$4 Trillion in Payment-Facilitator Global Processing Volume Forecasted by 2025

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 …

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Eye on Merchants: Revel Adds an Online-Ordering Tool; Velocity And Womply Prep for PPP’s Second Wave

Many payments providers are doing what they can to help merchants. Revel Systems Inc. launched a standalone version of its online-ordering tool and Velocity Merchant Services is working with Womply to help businesses navigate the Paycheck Protection Program. Called Revel Go, the tool from Atlanta-based Revel can be added to …

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Adyen Posts Double-Digit Volume and Revenue Growth Amid E-Commerce Shopping Binge

With the novel coronavirus driving consumers to e-commerce, payments provider Adyen NV posted first-quarter revenue of 135.5 million euros ($146.9 million), up 34% year-over-year.  Volume rose 38% to 67 billion euros ($72.6 billion). Adyen processes payments for companies such as Uber, McDonalds, and Netflix, and also provides gateway services for …

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Airlines Urged To Have Payments Options Ready Once Pandemic Restrictions Ease

Nearly empty commercial airline flights mean a lot less tickets being purchased. This result of efforts to tamp down the Covid-19 infection packs a wallop for the travel industry. But, the time can be put to use taking care of formerly delayed payment projects and preparing for the resumption of …

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Moderation in Sales Trends Emerges in E-Commerce and Among Small Businesses

Two reports analyzing sales at e-commerce merchants and small businesses during the Covid-19 pandemic indicate moderation in some categories may be happening. Many categories among e-commerce merchants moved a few percentage points for the week of April 7-13, according to the Covid-19 Weekly Pulse Report for E-commerce from San Jose, …

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Groceries Are Up, Fuel Is Down, According to a PSCU Study of Credit And Debit Card Spending

More consumers appear to be keeping their credit cards in their wallets when they shop. Credit union service organization PSCU says its data show that overall credit card spend among consumers who use credit and debit cards issued by credit unions working with PSCU is down 29.3% for the week …

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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 …

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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 …

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