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IndustryUpdate

Skrill introduces U.S. money transfer service and warmer weather; retail ecommerce sales
were up 81 percent in May; the average
Paysafe reported that its Skrill Money Transfer service launched ticket price of attempted fraud increased by
in the United States. Existing and new domestic Skrill customers $18, but the fraud attempt rate was down
can use the solution to transfer money for free to friends and fam- 3.4 percent; sales of DIY supplies and home
ily in Mexico, India and 16 other Asian and European countries, goods grew 190 percent; travel was down 73
with others available shortly, Paysafe stated. To use the service, percent. All figures are year over year.
U.S. consumers pay with their personal bank account (via instant
ACH), or their debit or credit card, to fund transfers from their PPRO publishes 2020 Payments Almanac
Skrill account. Money can be transferred directly to bank accounts
overseas, and the recipients are also not charged a fee by Skrill to Payments platform-as-a-service PPRO
receive funds (recipients may incur fees from their financial insti- launched its 2020 Payment Almanac in part-
tution to receive or withdraw funds), Paysafe noted. nership with Edgar, Dunn & Co. "The prod-
uct of thousands of hours of research, analy-
RESEARCH sis, and insights from PPRO's payments
experts, the third edition of the almanac
contains detailed information for more than
ACI shares data on easing COVID-19 restrictions 450 local payment methods and the latest
e-commerce data from 60 countries around
ACI Worldwide reported it released May data from multiple mil- the world," PPRO stated "In addition to
lions of global ecommerce transactions, showing the impact of updated figures, this edition reveals new
easing of COVID-19 lockdown restrictions. Among the highlights data, including granular e-commerce growth
(year over year): spending shifted to jewelry (up 190.8 percent) rates and the top industries for cross-border
and sporting goods (up 216.3 percent) thanks to Mothers' Day shopping."
Best practices for fallback transactions

The U.S. Payments Forum published a new
white paper on options for supporting fall-
back transactions in the petroleum environ-
ment. The resource defines fallback and
We’re More Than an Authorization covers processing mag stripe transactions for
card programs that are not supported on the
We’re The Best Solution For You and Your Merchants contact EMV interface of automatic fuel dis-
penser terminals. "Fallback transactions are
considered a natural part of EMV migration
as things get up and running," said Randy
Vanderhoof, director of the U.S. Payments
Forum. "It's critical that petroleum terminals
can support these types of transactions, and
that fuel pump owners understand what
does and doesn't qualify as a fallback."
RETAIL/POS DEVELOPERS
The paper, "U.S. Automated Fuel Dispenser
Chip Fallback Transaction Processing Best
eCOMMERCE
Practices" is available at https://bit.ly/30rpflS.
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