- E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.
- Retail sales in the CardFlight Small Business Impact Report for the week ending June 7 increased 14.6% over the March 2-8 baseline week. That is the largest increase since CardFlight, a mobile point-of-sale system provider, began the report.
- What the Federal Trade Commission calls a “rogue payment processor” and its owners will be permanently banned from the processing business under terms of their settlement with the FTC and the state of Ohio. The FTC says Madera Merchant Services LLC, B&P Enterprises, their owners and a Madera executive allegedly helped perpetuate student-debt relief and credit card interest reduction telemarketing scams.
- PayPal Holdings Inc. said it is committing $530 million to support black and other minority-owned U.S. businesses and communities, especially those hardest hit by the Covid-19 pandemic.
- The U.S. House Financial Services Committee is having a virtual hearing Thursday entitled “Inclusive Banking During a Pandemic: Using FedAccounts and Digital Tools to Improve Delivery of Stimulus Payments.” Electronic Transactions Association chief executive Jodie Kelley is one of the witnesses.
- Rakuten Ready, a unit of e-commerce giant Rakuten, introduced its “Playbook for Creating Contactless Experiences,” a resource for retailers, grocers, and restaurants to help them provide contactless shopping, including contactless payments.
- Payrailz will integrate BillerIQ, the electronic bill presentment and payment service from Transactis, a Mastercard Inc. company, Transactis announced.
- Payments provider Aurora said it is using the merchant services-management platform from IRIS CRM.
- Century Business Solutions said Blaze IT, which provides software services for industries such as aerospace, pet food supplies, and wholesale distribution, integrated its payment gateway, EBizCharge, to enable merchants to process credit cards within Blaze IT’s software.
- Qualpay Inc. launched its enhanced business-to-business payments platform.
- Card-issuing platform Marqeta named Helen Riley and Judson Linville to its board of directors. Riley is the chief financial officer of X, an Alphabet Inc. company, and Linville is the former chief executive of Citi Global Cards and Consumer Services.
Strange times. Seemingly overnight, one of the most durable and heavily weighted key performance indicators …