Sunday , August 9, 2020

Tag Archives: Showcased

‘Mid-April Was the Trough,’ AmEx Says As It Works to Recover From the Pandemic’s Impact

American Express Co. felt the full brunt of the global Covid-19 pandemic in the opening weeks of the second quarter, and on Friday it released numbers showing just how hard the swoon in travel and other key sectors hit the company. Executives also took time on a conference call with …

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Its PayPal Deal Having Expired, eBay Acts on Its Global Ambitions for Managed Payments

Free of the restraints of a legal agreement with PayPal Holdings Inc., eBay Inc. said early Monday it will now start on a global expansion of its 2-year-old managed-payments program. The program has already delivered $4.7 billion in total payment volume in the United States and Germany, the company said, …

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Big Banks See Credit Card Purchases Plunge by More Than 20% in the Second Quarter

Three of the nation’s largest banks reported Tuesday that their credit card purchase volumes fell by more than 20% in the second quarter as the Covid-19 pandemic slammed the brakes on the economy, though things were better on the debit card side. New York City-based JPMorgan Chase & Co., the …

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A New Study Shows How Acquirers Can Help Merchants Recover From Covid-19’s Heavy Toll

Fully 25% of U.S. merchants that accept payment cards experienced a drop of 56% or more in card volume in April compared with February, finds a new study from The Strawhecker Group. After analyzing billions of transactions from more than 1 million card-accepting merchants across the United States, the Omaha, …

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With a Planned IPO, Could Shift4 Be Looking at a Big Rebound Following the Ravages of Covid-19?

The middle of a pandemic is an intriguing time to tap the public markets, to say the least, but observers say there could be some upside ultimately for Shift4 Payments LLC, which on Friday filed its expected registration statement for an initial public offering. The Allentown, Pa.-based payments-technology provider, which …

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As Shut-in Consumers Turn to E-Commerce, Visa Boosts Support for Key Online Technologies

With the world rushing to their phones, tablets, and PCs to buy what they need and want at a time when most physical stores are closed, the payment networks are maneuvering to smooth out online transactions. This includes chucking clunky checkouts and opening the way for transactions to go ahead …

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Visa Postponing Most Interchange Rate Changes Until April 2021

Citing the business disruptions caused by the Covid-19 pandemic, Visa Inc. announced late Tuesday that it will delay until next April most of the interchange rate changes it had planned for July. The network also publicly confirmed the six-month postponement of its EMV liability shift for fuel pumps, and further …

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