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 »PayPal Announces Fee And Loan Relief for Merchants Impacted by Covid-19
As the Covid-19 pandemic impacts businesses worldwide, global payments companies are starting to respond with relief. The latest is PayPal Holdings Inc., which on Tuesday announced several measures aimed at cutting fees and deferring loan payments for merchants. More than 24 million businesses accept payments or other services from PayPal. …
Read More »Visa Volume Down 7% and other Digital Transactions News briefs from 3/31/20
With the coronavirus pandemic freezing economic activity in the U.S. and many other countries, Visa Inc. reported in a regulatory filing that U.S. credit card payment volume was down 7% year-over-year for the March 1-28 period while debit payments were down 1%. Cross-border volume on a constant-dollar basis was off 19%. …
Read More »Lightspeed’s 3-Month Fee Pause and other Digital Transactions News briefs from 3/26/20
Lightspeed POS Inc. said it is offering its Delivery, eCommerce, and Loyalty services free for the next three months because of the Covid-19 impact on merchants.Online fraud-prevention provider Signifyd released its Covid-19 Business Continuity Package that offers new clients free access to some Signifyd products.Payments provider Fattmerchant said it is now an official gateway partner …
Read More »SMBs Expect Further Demand Drop and other Digital Transactions News briefs from 3/25/20
A national survey of 850 small businesses found 69% have seen a “large drop” in demand because of the coronavirus pandemic, while 60% say they believe demand will drop further. The survey was conducted by America’s Small Business Development Centers and Thryv Inc., a software vendor specializing in small businesses.The U.S. Faster Payments …
Read More »In Response to Infection Concerns, the U.K. Raises Its Contactless Payment Cap by 50%
With much of the world locked down in combatting the novel coronavirus pandemic, a financial trade group in the United Kingdom said Tuesday the country would increase the spending limit on contactless transactions by 50% effective April 1. The move will allow consumers to pay without touching a keypad or …
Read More »BlueSnap Adds Marketplaces Features and other Digital Transactions News briefs from 3/24/20
E-commerce payments provider BlueSnap Inc. said it is enhancing its Payments for Marketplaces product, which allows online merchants to launch and operate global e-commerce marketplaces. New services include auto-onboarding, split payments, and cross-border payment capabilities.Square Inc. will have an investor conference call at 5:00 p.m. Eastern on Tuesday to discuss how it is …
Read More »WorldRemit Partners With Paykii to Enable Users in One Country to Pay Bills Digitally in Another
Often overlooked in the market for digital bill payments is the need for immigrants, expats, and other persons living in one country to pay bills to service providers based in another country. To make that connection, international remittance service WorldRemit Ltd. said on Monday it is working with bill-payment platform Paykii …
Read More »Chargeback Gurus Issues Coronavirus Chargeback Guidance and other Digital Transactions News briefs from 3/20/20
Chargeback Gurus released guidance on the potential for chargebacks as consumers and merchants contend with the effects of the coronavirus infection.Email-security firm Armorblox Inc. said it will provide its services free to companies with between 100 and 2,000 employees until April 30 to help guard against social-engineering attacks exploiting the Covid-19 pandemic.A cryptocurrency …
Read More »New 7-Eleven Delivery Option and other Digital Transactions News briefs from 3/18/20
In the face of the Covid-19 pandemic, 7-Eleven Inc. said its home-delivery service has added a “contactless” option in which customers can indicate they want the delivery left at the door. The company’s 7NOW delivery app counts more than 30 million enrolled households.MoneyGram International Inc. reported its online transactions grew 60% year-over-year in …
Read More »