Tuesday , May 26, 2020


May, 2020

  • 22 May

    Many Small Businesses Clawing Back From Their Pandemic Lows, New Processor Data Show

    A new report from CardFlight Inc., a point-of-sale technology provider serving more than 60,000 small businesses through its SwipeSimple service, shows merchant activity climbing back to just about where it was in early March when the Covid-19 outbreak began to hit the economy hard. Total sales in the SwipeSimple merchant …

  • 21 May

    Citcon Extends Its Reach for China-Based Wallets Via Tulip, a Tech Provider for Luxury Brands

    Citcon USA LLC said Tulip Retail Inc., a provider of mobile apps used by store clerks at major retail chains, will deploy Citcon’s mobile-payments technology to enable acceptance of Alipay, WeChat Pay, and UnionPay QR. A 5-year-old startup company, Citcon specializes in enabling U.S. merchants to accept China-based mobile-payments apps. …

  • 21 May

    Eye on Fraud: Fiserv Targets Debit Card False Declines; More Mobile Payments Mean More Fingerprint Sensors

    Debit card issuers have a new tool to spot potential false transaction declines with a new service from processor Fiserv Inc., and the authentication needs of mobile payments are driving, in part, the growth in fingerprint sensors. Brookfield, Wis.-based Fiserv says its new Authorization Lift service will help reduce the number …

  • 21 May

    Shopify Launches Shop Pay Installments and other Digital Transactions News briefs from 5/21/20

    Working with an unnamed partner, commerce platform Shopify Inc. said it will launch Shop Pay Installments later this year. The option will let consumers at checkout split purchases into four equal installments at no interest.In related news, point-of-sale installment lender PayBright said Canadian fashion retailer Groupe Dynamite is offering PayBright’s service on the merchant’s …

  • 19 May

    Mastercard Also Extends EMV Liability Shift for Fuel Pumps

    All four card brands have now delayed for the second time their EMV liability shifts for automated fuel dispensers with Mastercard Inc.’s Monday announcement it would postpone its shift until April 16. The original shift was to have taken place in October 2017, but was deferred until October 2020. Along …

  • 19 May

    In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small And Occasional Sellers

    In an effort to reach occasional and very small sellers struggling with restrictions imposed to deal with the novel coronavirus pandemic, PayPal Holdings Inc. on Tuesday launched a Quick Response code capability for its mobile app. The feature allows a buyer to scan a QR code displayed by a seller …

  • 19 May

    WooCommerce Payments Debuts and other Digital Transactions News briefs from 5/19/20

    E-commerce facilitator WooCommerce launched WooCommerce Payments to provide checkout and payments-management capability for merchants on its platform. Transaction fees start at 2.9% plus 30 cents for U.S.-issued cards.ACI Worldwide Inc. announced Wundr Group Ltd., a retail payments platform specializing in cross-border transactions, will use ACI’s UP eCommerce Payments technology, which links to card-transaction …

  • 18 May

    With a Planned IPO, Could Shift4 Be Looking at a Big Rebound Following the Ravages of Covid-19?

    The middle of a pandemic is an intriguing time to tap the public markets, to say the least, but observers say there could be some upside ultimately for Shift4 Payments LLC, which on Friday filed its expected registration statement for an initial public offering. The Allentown, Pa.-based payments-technology provider, which …

  • 18 May

    Recovery in Card Usage Gathers Steam Among Credit-Union Members

    Even though credit card spending is still depressed as a result of the Covid-19 economic downturn, payment card volume trends have now been improving for a month or more, according to new data from credit-union service organization PSCU. St. Petersburg, Fla.-based PSCU reported Monday that overall credit card spending by …

  • 15 May

    Retail Sales Slump 16% in April and other Digital Transactions News briefs from 5/15/20

    The U.S. Commerce Department’s Census Bureau issued advance estimates for April’s seasonally adjusted retail and food-services sales totaling $403.9 billion, down 16.4% from March and off 21.6% from April 2019.In one indication of the toll the slumping economy is taking on consumers, store card issuer and processor Alliance Data said its overall delinquency rate …

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