eBay’s Pact With PayPal Nears End and other Digital Transactions News briefs from 7/13/20

Sellers continue to have questions about the impact of moving to eBay Inc.’s managed-payments program as the online marketplace’s five-year operating agreement with PayPal Holdings Inc. is set to expire later this week.
Financial-services platform Nymbus Inc. announced it will offer digital billing and other payment services from Payrailz LLC as part of its cloud-based set of banking products.
E-commerce installment credit provider Afterpay Ltd. said it will offer its services to customers of online merchants Drunk Elephant, New Balance, It Cosmetics, Living Proof, and ASOS.I
In related news, Afterpay reported sales volume of $3.8 billion for its June quarter, up 127% year-over-year as consumers shifted to e-commerce during the Covid-19 pandemic. The company also reported reaching 5.6 million active U.S. customers during the quarter.
Giact Systems, provider of data aimed at mitigating payments fraud, said it is donating its identity and account-verification services to the Brave of Heart Fund, which helps support the families of health-care workers and volunteers who have died in the battle against Covid-19. The company will help verify the identity of grant recipients.

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