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- Fraud prevention firm Kount Inc. released a weekly tracker of e-commerce purchase trends. In mid-March it showed that U.S. online sales of home office furniture and electronics increased 54%.
- Installment payments provider Klarna Bank AB said data from consumer use of its shopping app shows that e-commerce purchases are shifting to health and beauty and leisure products, away from apparel, footwear, and accessories. Klarna had 1.1 million monthly active app users in March in the United States.
- Ride-share provider Lyft Inc. said Mastercard Inc. is providing funding for its LyftUp initiative that provides free rides and meal deliveries through a network of hundreds of non-profits during the Covid-19 crisis.
- Payments processor Computer Services Inc. launched tools to allow bank customers to manage more functions remotely, including the ability online or through a mobile app to activate a new debit card, change a PIN, temporarily raise spending limits, and schedule times to turn the card on or off.
- JPMorgan Chase & Co. is the latest major bank to introduce programs to allow consumers affected by the Covid-19 crisis to defer payments. With an online enrollment, Chase customers can defer a credit card payment if they have lost income or otherwise are unable to pay their bills. Interest continues to accrue.
- A survey by prepaid card processor Blackhawk Network Inc. of more than 1,000 consumers shows 71% of respondents indicating they are more interested in giving e-gifts now than they were in the past, while 63% say such products are good gift options during the Covid-19 crisis because they can be bought, given, and spent entirely online.
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