On The Web

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Domains

U.S. E-Commerce Growth Surges for Many Merchants Amid the Covid-19 Pandemic

March 31 2020

• in
• Remote Commerce

“Newly analyzed data from Emarsys, a digital-marketing platform, shows that U.S. e-commerce spending continues to surge in the face of the Covid-19 pandemic, with at least a 57% growth in revenue and a 45% growth in orders in the past seven days. The U.S. Northeast region shows a 57% growth rate in revenue for pure […]

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Domains

Venmo and Cash App Want to Deliver Government Stimulus Payments

March 30 2020

• in
• Government Payments

“Online payment services like Venmo and Cash App have exploded in popularity over the past few years, but they haven’t quite hit the legitimacy threshold, at least in the eyes of the federal government, of checks or direct deposit. They’re hoping to change that with the government’s new stimulus package, and are going on a […]

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Domains

Qatar Unveils National Mobile Payments System

March 30 2020

• in
• Mobile Payments

“The Qatar Central Bank released specifications for a national QR code system, a project designed to increase financial inclusion and reduce the use of banknotes in the country. Its platform, named the Qatar Mobile Payment System, will be used for all common domestic forms of mobile payments including peer-to-peer transfer, retail payments, public transport ticketing […]

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Domains

Mobile app spending to double by 2024, despite economic impacts of COVID-19

April 1 2020

• in
• Remote Commerce

“The spread of COVID-19 has already had a significant impact on the mobile app industry, and that will continue in the years to come. According to a revised 2020-2024 market forecast from app intelligence firm Sensor Tower, a sizable increase in app downloads for industries like remote work and education will lead to a large […]

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Domains

Department Store’s Tough Times Continue: S&P 500 Index Drops Macy’s

April 1 2020

• in
• POS

“Macy’s is one of many retailers reeling from the COVID-19 outbreak, furloughing most of its 130,000 employees after closing its 800+ stores. But the effects also have hurt Macy’s status as a U.S. business power player: the department store is being removed from the S&P 500 Index. Macy’s will be replaced by air conditioning company Carrier Global, according to S&P Dow […]

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Domains

Fintechs, Small Banks Do Their Part in Coronavirus Fight Despite Risks

April 7 2020

• in
• Challenger Banks

“Chime began giving 1,000 of its customers access to $1,200 each in the first week of April, offering them an advance well before the federal government will start sending out stimulus payments in the same amount by check or direct deposit. This is an extension of the challenger bank’s SpotMe feature, which lets customers who […]

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Domains

Fed Preparing to Finance New Small-Business Payroll Loans

April 7 2020

• in
• Government Payments
• Income

“The Federal Reserve said Monday it would create a new program to finance loans that banks and other lenders make through the government’s emergency small-business lending program . The move will free up financial firms to make more loans guaranteed by the Small Business Administration’s Payroll Protection Program, part of a $2.2 trillion economic relief […]

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Domains

Amazon and Apple Strike Deal for Prime Video In-App Purchases and Subscriptions

April 3 2020

• in
• Remote Commerce

“In a significant shift, the Amazon Prime Video app on iOS and Apple TV now features a built-in content store. This means users can now buy or rent TV shows and movies directly inside the app on Apple platforms. The change was first spotted by The Verge . For the longest time, Amazon did not […]

On The Wires

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Domains

Tipalti Introduces Tipalti Pi™ — Artificial Intelligence for Accounts Payable

March 31 2020

• in
• B2B

“Tipalti , the leading global payables automation solution, today announced Tipalti Pi™, a continuously-adaptive, integrated payables intelligence engine throughout the Tipalti platform that employs AI and machine learning to make the entire payables process smarter. This technology, which is available automatically to all Tipalti customers, proactively identifies fraud and risk, eliminates AP process errors, improves […]

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Domains

ACI Worldwide Introduces New “Delay My Payment” Capability

April 8 2020

• in
• Bill Payment

“ACI Worldwide (NASDAQ: ACIW) announced new features within its market-leading ACI Speedpay solution—assisting businesses with the ability to address growing consumer bill payment needs and over-burdened call centers due to the COVID-19 pandemic. Part of a rapid response program, the ACI Speedpay solution offers billers both short-term and long-term options for consumers to digitally engage and […]