Friday , April 3, 2020

Mobile Commerce

Eye on Merchants: CardFlight Says SMB 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 …

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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 …

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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 …

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U.S. E-Commerce Growth Surges for Many Merchants Amid the Covid-19 Pandemic

Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth …

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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%. …

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EVO Payments Gets Liquidity Injection To Help It Cope with Covid-19’s Effects

Merchant acquirer EVO Payments Inc. disclosed Sunday that it had received a $150 million investment from a private-equity firm to help carry it through the Covid-19, or coronavirus, pandemic, which has decimated consumer spending. The investment came from funds affiliated with Chicago-based Madison Dearborn Partners LLC, which has been a …

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Pandemic Scammers Emerge and other Digital Transactions News briefs from 3/20/20

TriNet Group Inc., a human-resources software provider, said a wave of scammers are exploiting the Covid-19 pandemic to gull people into buying so-called cures for the disease (no cure yet exists), as well as fake testing kits and vaccines.The Western Union Co. reported its digital money-transfer business “has continued to experience …

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Card Networks To Postpone Interchange Adjustments

The payment card networks plan to postpone until July changes in their interchange schedules that they had planned to take effect in April, Digital Transactions News has learned. The delays come as many merchants, especially restaurants, hotels, and local retailers have closed or greatly reduced their operations as part of governmental attempts …

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Diebold Nixdorf Withdraws Full-Year Financial Guidance and other Digital Transactions News briefs from 3/27/20

ATM and retail-checkout equipment manufacturer Diebold Nixdorf Inc. withdrew its full-year financial guidance, saying that in some locations it “is seeing instances of product installation disruptions from coronavirus-related logistics challenges, which impacts the company’s ability to forecast product revenue.” The company also postponed its planned May 21 Investor Day event.PAR Technology Corp., …

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One-Click Checkout Startup Fast Gets $20 Million from Investors, Including Stripe

A San Francisco-based startup that claims to have a better mousetrap for e-commerce checkouts has raised $20 million in a Series A funding round led by a prominent online merchant acquirer, Stripe Inc. Fast AF Inc. said it will use the funding to accelerate the global rollout of its upcoming …

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