Digital Transactions Authoritative, insightful and timely information for payments professionals
- The general-retail sector of e-commerce saw a 209% increase in sales volume in April, topping all other retail sectors, according to numbers from ACI Worldwide Inc. Not surprisingly, ticketing (down 99%) and travel (negative 91%) topped the list of online sectors with declines.
- Cardlytics Inc., which plans marketing programs based on intelligence gathered from card transactions, reported first-quarter revenue of $45.5 million, up 26% year-over-year. But its operating loss widened to nearly $12 million from $6.5 million a year ago. “Our team remains positive about the future and, despite the difficult nature of the Covid-19 crisis for our advertising partners, we have seen encouraging signs in our business,” said Scott Grimes, chief executive and co-founder, in a statement.
- Forter Inc., a provider of fraud-prevention technology, launched its Fraud Prevention for Payment Service Providers platform to allow acquirers to combat fraud on behalf of their merchants.
- Almost one third of U.S. consumers—29%— said they may never feel comfortable shopping in stores again following this spring’s Covid-19 countermeasures, finds a survey of more than 1,000 consumers from Fast, a quick-checkout provider.
- Vertical Finance, a vendor of payment and loyalty programs, said it is opening the wait list for an upcoming Mastercard credit card aimed at wine enthusiasts.
- AP Technology launched Checkrun, a mobile app that enables check approval and signing for users of the QuickBooks Online accounting program.
- Snowman Software, a school-administration software provider, has integrated BlueSnap’s payment service into its application, BlueSnap said.
- Mastercard Inc. launched its Mastercard Track Business Payment Service for business-to-business payments.
- The Visa Foundation awarded $2 million in Covid-19 relief grants to a variety of organizations.
- Payments-technology provider nanopay Corp. has agreed to process international payments for consumer and business customers of Treviso, a bank in Brazil. The service will start with remittances to 10 countries.
Related Articles
Check Also
Fiserv Launches INDX for Real Time Settlement of Digital Assets in U.S. Dollars
Fiserv Inc. has launched INDX, a real-time cash-settlement platform that enables digital-asset companies to store …