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NewsBriefs

Following are excerpts from news stories recently posted under Breaking underscored the need to speed payment flows at this time.
Industry News on our home page. For links to these and other full EchoPay's debit card and mobile app, with direct deposit,
news stories, please visit www.greensheet.com/breakingnews. will help tens of millions of unbanked and underbanked
php?flag=previous_breaking_news. Americans, he stated.
Contactless usage soars

With heightened anxiety among shoppers over COVID-19
exposure, contactless payments are becoming the go-
to option for everyday purchases. Nearly eight in
10 consumers (79 percent), globally, reported using
contactless payments, citing safety and cleanliness as key
drivers, according to a new survey by Mastercard. This
Fintechs, lenders ease PPP roadblocks is in line with results of a survey in late March by the
ETA and The Strawhecker Group. Twenty-seven percent
With the second wave of federal stimulus funding of respondent U.S. businesses that were still accepting
solidly underway, fintechs and financial institutions in-person payments said they had seen increases in
are working with government agencies and the Small contactless payments. Contactless payments employ near
Business Association to accelerate payouts to small and field communications technology and are initiated using
midsize businesses and civilians. These initiatives are an NFC-compatible EMV card or a mobile payment app.
driving adoption of mobile apps, digital wallets and
prepaid products and have increased cooperation among Takeout, delivery lead restaurant recovery
participating financial institutions, according to recent Positive transaction trends from the restaurant category
reports. Ronald Ingram, founder of Echo Payment Systems, are instilling cautious optimism among payments
analysts, business owners and service providers.
Recent reports indicate that takeout, curbside
pickup and delivery services are fueling growth in
quick service, fast casual and fine dining restaurant
categories. Austin Mac Nab, CEO at VizyPay, noted
that quick-thinking restaurateurs who changed
their business model during the shutdown are
We are here to help providing essential services during the pandemic.
Their resilience and ability to change how they
process customer transactions, by taking call-
Help your merchants during the COVID crisis in orders and creating an online presence, have
with our Agent and Merchant Relief Programs: begun to pay off, he noted. R.J. Horsley, president
at SpotOn, called the uptick in restaurant sales
FREE electronic billing solution Bill&Pay for 90 days: a remarkable transition that demonstrates the
• Eliminate in person or paper contact restaurant industry's adaptability.
• Manage your Accounts Receivable from anywhere Paysafe finds growth in
socially distant payments
• $0 set up fees $0 monthly fees
Social distancing and working from home are
FREE Clover Go’s for the next 90 days: impacting consumer buying behavior, according
• All-in-one handheld POS and payment system to a new study by Paysafe Group. How COVID-19
is impacting payment preferences identified five key
• Goes where your business takes you, flexibly accepting trends related to the global pandemic's impact on in-
contactless, chip and swipe card payments store and online shopping habits. The report is the
• Manage your business from wherever newest edition of the company's Lost in Transaction
series. Daniel Kornitzer, chief business development
you have an internet connection. officer at Paysafe, observed that emerging trends
• Gives the ability to email or text receipts. among North American consumers will likely
• $0 set up fees $0 monthly fees become permanent. "With the rapid growth in
eCommerce, the need for robust payment solutions
for the card-not-present space is stronger than ever,"
ISORecruitment@i3verticals.com he stated. Paysafe researchers found that 49 percent
i3verticals.com of U.S. consumers expect to maintain their increased
level of online shopping, even when municipalities
reopen.

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