Payments News

On The Web

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Domains

Record Gain in U.S. Retail Sales Offers Hope of Faster Recovery

“American consumers are getting their groove back as a record surge in May retail sales offered some hope of a quicker recovery from the pandemic-induced recession. The 17.7% advance from the prior month, to $485 billion in receipts, was the biggest gain in data going back to 1992, following unprecedented declines in the prior two months, according […]
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Domains

UK Retail Spending Rebounds to Near Pre-lockdown Levels

“British retail sales jumped back almost to pre-coronavirus lockdown levels in June when non-essential stores in England reopened, giving a boost to beleaguered clothing stores. Sales volumes in June leapt by 13.9% from May, above all forecasts in a Reuters poll of economists. A 70% surge in clothing and footwear sales reversed much of their […]

On The Wires

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Paytronix Secures $10 Million

“Paytronix Systems, Inc., the most advanced digital guest experience platform, today announced that it has secured an additional $10 million in funding, led by Great Hill Partners and the company’s cofounders. The funding is designed to ensure that Paytronix is on sound financial footing and will continue to provide its restaurant, convenience-store, grocery, and retail […]
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Companies

Stripe Newsroom: QuadPay Builds New Installment Model With Stripe Issuing

“QuadPay, the payment installment platform, is partnering with Stripe to power advanced buy-now-pay-later experiences that boost conversion and let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in installments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% […]
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Domains

VizyPay Launches First Cash Discount App for Clover POS Systems to Lower Monthly Processing Fees for Small Businesses and Offer Savings for Customer Cash Payments

“VizyPay , an award-winning leader in the payment processing industry for small businesses, today announced the launch of its first Cash Discount app for Clover point of sale (POS) systems. Available on the Clover App Market, the app provides merchants with a new way to offer a discount for customers who pay in cash, while […]
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Domains

Merchant Transaction Volume Continues to Grow

“Shift4 Payments, the leader in integrated payment processing solutions, has revealed that merchant transaction volume continues to increase across the country despite surging cases of the novel coronavirus. In the third of a series of updates since the pandemic began to impact the United States, the data suggests that businesses are finding ways to drive […]
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Domains

Lightspeed Launches New Features to Drive Digital Transformation of Retail SMBs

“As SMBs navigate a new retail landscape permanently altered by COVID-19, technology adoption is pivotal to business success. Today, Lightspeed announces new features to help its customers with the continued digital transformation of their businesses. The new tools offer increased mobility when processing transactions, more options for viewing business insights, and will better support SMBs […]
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Companies

ALDI Nord Moves In-Store Acquiring in Germany to Fiserv

“Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that ALDI Nord has selected Fiserv to enable all in-store card payments across its flagship German market. In the interest of its customers, ALDI Nord, a global leader in the food industry, decided at the end of June to transfer […]