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- 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.
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