Saturday , July 4, 2020

Retail Sales Slump 16% in April and other Digital Transactions News briefs from 5/15/20

  • The U.S. Commerce Department’s Census Bureau issued advance estimates for April’s seasonally adjusted retail and food-services sales totaling $403.9 billion, down 16.4% from March and off 21.6% from April 2019.
  • In one indication of the toll the slumping economy is taking on consumers, store card issuer and processor Alliance Data said its overall delinquency rate through April rose to 5.6% from 4.9% a year ago. Total receivables through April stood at $15.58 billion, down from $16 billion through April 2019.
  • Ant Financial Services Group’s Alipay mobile-payments service launched an enhanced version of its risk engine. The company says the enhancement allows the engine, which deploys artificial intelligence, to respond within one second of detecting new risks and to update risk profiles within a day.
  • OhmConnect, a company that offers cash rewards and other incentives through a mobile app to citizens of California for reduced energy consumption, introduced AutoOhms, which helps manage energy use at times of high demand.
  • Cybersecurity firm SiteLock estimated 12.8 million Web sites worldwide are infected with malware.
  • ATM and payment technology provider Diebold Nixdorf Inc. recently suffered a ransomware attack, but the company said hackers never touched its ATMs or customer networks, only its corporate network, KrebsOnSecurity reported this week.
  • Certified Payments, a subsidiary of First American Payment Systems, named Matthew Landers vice president of sales. Landers most recently was vice president of sales and strategic referral partnerships at Paysafe Group.

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European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

A group of 16 European banks said they plan to launch a “truly European” unified payments system …

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