Payments News

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Industry

CardFlight Small Business Impact Report #2: March 26, 2020

From the report: Retail sales down 11.9% from the baseline week, reversing the sales increase we shared in last week’s report Nearly 14% fewer merchants posted any transactions at all, compared to the baseline week Businesses are taking more payments through invoices — up 14.5% since March 2
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Industry

Shift4 Data Quantifies a Heavy Coronavirus Impact on Restaurants And Hotels

“Restaurant volume fell from 42 million transactions to 11 million, a 74% decrease for the period from the week of February 2 to past seven days. The early week in February was selected as a baseline because it lacked abnormal trends, such as Valentine’s day, says D. Taylor Lauber, Shift4 chief strategy officer. The week […]
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Industry

How Payments Can Adjust to the Coronavirus Pandemic–and Help the World Adapt

“As the catastrophic human costs of the coronavirus come into clearer focus, so too do the consequences for people’s well-being beyond the immediate imperative to safeguard lives. Taking care of our families and friends, our neighbors and communities, our employees and coworkers comes first. For that reason, companies across industries and geographies have scrambled to establish […]
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Reports

Covid-19, cash, and the future of payments

“Key takeaways: The Covid-19 pandemic has fanned public concerns that the coronavirus could be transmitted by cash. Scientific evidence suggests that the probability of transmission via banknotes is low when compared with other frequently-touched objects, such as credit card terminals or PIN pads. To bolster trust in cash, central banks are actively communicating, urging continued […]
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Reports

Regulatory Analysis of KYC for Covid-19 in Emerging Markets

The Financial Action Task Force (FATF) recently issued their Guidance on Digital ID that focuses on account opening, with particular focus on doing so remotely. These recommendations have increased salience given global physical distancing guidelines now in force in many jurisdictions to avoid the spread of COVID-19. In this PaymentsViews, Zak Kazzaz conducts a regulatory […]
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Reports

How COVID-19 Is Impacting Consumer Payment Preferences

“To discover how COVID-19 has directly impacted how consumers view payments today, and what this might mean for eCommerce in the future, we surveyed 8,000 consumers from the US, UK, Canada, Germany, Austria, Italy and Bulgaria on their current and predicted future attitudes to payment methods.”

On The Wires

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Reports

COVID-19 Crisis Highlights Need for Real-Time and New Digital Payments Services Around the World, New ACI Worldwide Research Reveals

“More than half a trillion real-time payments transactions will be processed over the next five years, according to Prime Time for Real-Time , a new global report from ACI Worldwide (NASDAQ: ACIW) and Global Data . This industry-first research, which analyzes global real-time, account-to-account payment volumes and forecasts across 30 global markets, projects a Compound […]