Tuesday , April 7, 2020

News

April, 2020

  • 3 April

    New Data Show Even Necessities Aren’t Immune to Covid-19’s Impact on Card Spending

    The Covid-19 virus is taking a fearful toll not only on lives but also on U.S. commerce, and now even everyday staples are feeling the pinch. Grocery stores saw a sharp spike in card-based purchase volume in March as consumers scrambled to lay in supplies against the rapid spread of …

  • 2 April

    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 …

  • 2 April

    Shopify Purges Thousands of Merchants for Price Gouging and Making False Covid-19 Claims

    Scammers come out of the woodwork with every calamity, and it’s no different with the Covid-19 pandemic currently sweeping the world. Now e-commerce services and payments provider Shopify Inc. reports it has purged numerous merchants engaged in questionable practices related to the new coronavirus, or Covid-19. “In March, we terminated …

  • 2 April

    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 …

  • 1 April

    U.S. Real-Time Payment Volume Could Top 4.2 Billion by 2024, ACI Report Finds

    Big hopes for broader real-time payments adoption in the United States could be fulfilled if ACI Worldwide Inc.’s prediction of 4.2 billion in real-time payment transactions by 2024 bears out. In its “Prime Time for Real-Time” report released Wednesday, ACI and research firm GlobalData Plc, forecast the U.S. real-time payment …

  • 1 April

    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 …

  • 1 April

    Straight Talk for ISOs: A Q&A from First American’s Angela Carranza and Ross Paup

    Ross Paup is Senior Manager, Strategic Partnerships Angela Carranza is Manager, Strategic Partnerships “Relationship” has become a dirty word in the industry. It’s overused and empty. What’s so different about the First American approach? Angela: We take the time to know our prospects from both a business and personal level. …

  • 1 April

    Merchants Turning to Small Business Credit Cards to Improve Cash Flow

    ISOs tap into card issuing revenue One of the biggest challenges for small businesses is the availability of credit according to a recent study* by the Federal Reserve. Many merchants address this by taking out short-term business loans or using personal credit cards to bridge the gap. While credit cards …

March, 2020

  • 31 March

    Covid-19 Cuts Priority Technologies’ Volumes, but Processor Anticipates Future Growth

    Priority Technologies Holdings Inc. says that just like other merchant acquirers its payment volumes are taking a hit as consumers and businesses hunker down in reaction to the corona virus. But its chief executive insists Priority’s diversified business model provides insulation from the pandemic’s worst effects.  Overall processing volumes for …

  • 31 March

    The Benefits of an End-to-End Solution

    Eric Goldberg Vice President of Sales Traditionally retail was easy — install a payment terminal or PC POS system, connect to a common database, and you were ready to go. Things have changed. POS systems now need to tie in with other systems. These systems may be your cloud, e-commerce …

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