Point-of-sale

April, 2020

• 7 April

  Global Payments Notes Covid-19 Revenue Impact and other Digital Transactions News briefs from 4/7/20

  

  Payments processor Global Payments Inc. reported it began to see a significant impact on its results in mid-March from the Covid-19 pandemic, and now expects first-quarter adjusted net revenue to be up “slightly” for the quarter year-over-year. Citing the unknown “duration and severity” of the pandemic on its business, Global Payments suspended …
• 6 April

  Card Networks Up Canadian Contactless Transaction Limits To Limit Physical Contact

  

  Contactless payments already capture a big share of point-of-sale purchases in Canada, and that share is sure to grow with recent announcements by Visa Inc. and Mastercard Inc. that they are raising their contactless transaction limits to C$250 to limit the handling of cards that could spread the coronavirus, according …
• 3 April

  Eye on Acquiring: VizyPay’s Echo Daily Acquisition; Nuvei Debuts Small Business Support Program

  

  Independent sales organization VizyPay LLC is buying one-time competitor Echo Daily Inc., and Nuvei Technologies Inc. is launching its Merchant Guru program to assist merchants affected by the Covid-19 outbreak. West Des Moines, Iowa-based VizyPay says its acquisition of Minden, Nev.-based Echo Daily will provide a boost in employee expertise …
• 3 April

  Grocer Publix Activating Contactless Payment Acceptance and other Digital Transactions News briefs from 4/3/20

  

  Supermarket giant Publix said it is installing contactless-payment capability in all 1,242 of its stores in an effort expected to be completed by Saturday. The move will allow customers with mobile devices to pay via Apple Pay, Google Pay, or Samsung Pay. The chain also said it is beefing up efforts to …
• 2 April

  Eye on Merchants: CardFlight Says Small Business 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 …
• 2 April

  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 …
• 1 April

  Another Marriott Data Breach and other Digital Transactions News briefs from 4/1/20

  

  In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …

March, 2020

• 31 March

  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%. …
• 30 March

  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 …
• 30 March

  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 …