Sunday , August 9, 2020

News

August, 2020

  • 4 August

    Consumers Would Switch Merchants for a Contactless Payment Option, Says a Visa Survey

    Contactless payments apparently have sway with U.S. consumers. Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. The effects of the pandemic, and the resulting …

  • 4 August

    E-Commerce Helps Buoy FIS as Merchant Volumes Post Positive Growth Rates Again

    FIS Inc. had only begun to digest the massive processor Worldpay, which it acquired in July last year, when the global Covid-19 virus broke out, leaving the company on Tuesday to report a challenging second quarter marked by a significant hit to its newly integrated merchant-processing business. Still, given the …

  • 4 August

    Money 20/20 Canceled, Returning in 2021 and Other Digital Transactions News Briefs from 8/4/20

    Money 20/20, set for Oct. 25-28 in Las Vegas, has been canceled. Dates for the 2021 event are Oct. 24-27 in Las Vegas, which will mark the 10th anniversary of the payments conference. Citing the impact pf the Covid-19 pandemic, organizers also canceled Money 20/20 Europe.Oto Analytics Inc.’s commerce platform …

  • 3 August

    Processor Paya Will Go Public Via a So-Called SPAC Merger

    Payments provider Paya Inc. today announced a merger with special acquisition merger company (SPAC) FinTech Acquisition Corp III. The merger is being consummated as part of Atlanta.-Ga.based Paya’s plans to take the company public. Currently, the company is owned by private-equity firm GTCR LLC.  Because Fintech Acquisition is already a …

  • 3 August

    Global Payments To Use AWS for Issuer Services and other Digital Transactions News briefs from 8/3/20

    Global Payments Inc. announced a multiyear agreement with Amazon.com Inc.’s Amazon Web Services to offer cloud-based issuer processing to financial institutions globally. AWS services in the deal will include storage, compute, database, security, analytics, and machine learning. For the second quarter, Global reported $1.52 billion in adjusted net revenue, down 14% year-over-year compared …

  • 1 August

    Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

    Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other hardware. In the deal, news of which broke as the weekend began, the Cupertino, Calif.-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal. …

July, 2020

  • 31 July

    How Global Communities Simplified Compliance with WatchDOG® Elite

    In a world of ever-changing regulations, organizations must be diligent in their compliance efforts to avoid lasting consequences—especially nonprofits operating on a global scale. Partnering with low-and moderate-low income communities around the world, Global Communities is a nonprofit organization that works to improve social, economic and environmental conditions for millions …

  • 31 July

    Digital Services Help Buoy MoneyGram As the Remittance Provider Logs a Tough Quarter

    The Covid-19 pandemic has driven consumers and businesses to digital alternatives for payments, and money transfers are proving to be no exception. MoneyGram International Inc. reported Friday morning transactions online and through its app grew 106% year-over-year and accounted for 27% of all transactions in the June quarter, up from …

  • 31 July

    Amazon Sales up 40% and other Digital Transactions News briefs from 7/31/20

    With consumers flocking to e-commerce during the Covid-19 pandemic, net product sales for Amazon.com Inc. totaled $50.2 billion the June quarter, up 40% year-over-year. Sales at its physical stores dropped 13% to $3.8 billion.China will surpass the United States as the world’s largest retail market this year, eMarketer Inc. predicted in its “Global …

  • 31 July

    Shift4 Emerges From Its IPO With Less Debt and More Cash

    Shift4 Payments Inc. is scheduled to have its first quarterly earnings call as a publicly held company on Thursday. Ahead of that call, company founder and chief executive Jared Isaacman is expressing satisfaction with the merchant acquirer’s June 4 initial public offering.  The oversubscribed IPO was priced at $23 per share, …

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