Point-of-sale

July, 2020

• 10 July

  Contactless Transactions at Small Businesses Have More Than Doubled Since March

  

  New data from a point-of-sale services provider show just how much of a boost the Covid-19 pandemic has given to contactless payments. New York City-based CardFlight Inc., a technology company serving more than 60,000 small businesses through its SwipeSimple service, says in its latest weekly report on payment trends since …
• 9 July

  Wirecard’s U.S. Unit Draws Interest and other Digital Transactions News briefs from 7/9/20

  

  The U.S. subsidiary of failed German payment processor Wirecard AG is drawing strong interest from potential buyers, according to media reports. The Wall Street Journal also reported that the U.S. Justice Department is investigating whether Wirecard AG played a critical role in an alleged $100 million bank-fraud conspiracy connected to an online marijuana marketplace.Splitit Payments Ltd., which enables …
• 7 July

  Merchants Are Rebooting, So ISOs Look to Apps And Loyalty to Bring Customers Back

  

  As businesses start to reopen, independent sales organizations and other payment providers are rolling out programs suited to the new reality faced by both proprietors and their customers. The latest example comes from VizyPay, which on Tuesday announced a service it says will help merchants attract old customers and pull …
• 7 July

  A Processor’s Employees Get Catch-Up Pay and other Digital Transactions News briefs from 7/7/20

  

  Employees of independent sales organization Gravity Payments Inc. who collectively volunteered to take pay cuts during the coronavirus pandemic to avoid layoffs are now being repaid what they sacrificed; the average employee is getting $4,300 in back pay, Yahoo Money reported.Payment processor Computer Services Inc. reported record quarterly revenue of $70.6 million for its …
• 2 July

  European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

  

  A group of 16 European banks said they plan to launch a “truly European” unified payments system by 2022 that would be an alternative to Visa and Mastercard, Reuters reported.The slowdown in in-store shopping due to the Covid-19 pandemic has caused some stores to run out of coins; most recently big-box grocery chain …
• 1 July

  MagTek Launches Token Service and other Digital Transactions News briefs from 7/1/20

  

  MagTek Inc. said its Magensa unit launched token technology to make touchless payments easier. The technology enables a merchant to send a payment link containing the token via email or text that allows consumers to pay in a secure environment. MagTek said the technology is available in QwickPAY, the Magensa mobile …

June, 2020

• 30 June

  Wix Payments Unveiled and other Digital Transactions News briefs from 6/30/20

  

  Website-creation platform Wix.com Ltd. launched its e-commerce service that offers Wix Payments, a payment-processing service.The Regal movie-theater chain, a unit of Cineworld Group, said it will reopen its 541 U.S. theaters July 31 and will implement contactless payments along with other measures to prevent the spread of Covid-19.Marqeta Inc. said it will support issuance …
• 29 June

  Chargebacks911 Debuts a Chargeback-Management Tool for Financial Institutions

  

  Chargebacks reverberate throughout the payment stream, and now Chargebacks911 has released a tool that it says will help financial institutions better manage them. Dubbed Fi911, the tool is meant to automate procedures and make them more efficient, Clearwater, Fla.-based Chargebacks911 says. The company says more chargeback inquiries are being directed …
• 29 June

  AmEx Launches $200 Million Shop Small Program and other Digital Transactions News briefs from 6/29/20

  

  American Express Co. announced a global, $200 million Shop Small campaign to support small businesses, many of which have been affected by the Covid-19 pandemic. U.S. AmEx cardholders can get $5 back after they spend $10 or more, up to 10 times, when they buy online or in-store at qualified businesses …
• 26 June

  Some E-Commerce Categories Return to Growth While Small Business Sales Continue Double-Digit Rise

  

  While e-commerce sales overall have ballooned for many merchants since the March 11 declaration of the Covid-19 pandemic, health-and-beauty and business supplies generally did not. Until last week. Online business supplies sales were up 21% and health-and-beauty sales were up 20% for the week of June 16-22, reports the Signifyd …