by Jeff Domansky According to TransUnion’s latest annual fraud survey, fraudsters are finding new ways to scam merchants and consumers, leading to a new growth industry. Overall fraud grew 9.4% globally from 2020 to 2021 and 52.2% from 2019 through 2021, according to the company’s ...
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Time for a quick global roundup of payments news. We start with a new Mastercard-Microsoft ID tie-up, Visa spending jump, digital wallets growth and a look at the future of payments. Also, Marcus fintech growth, a giant Fintiv mobile payment suit, US lagging in fintech, ...
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By Prashant Gandhi, Chief Business Officer, Melio With the COVID-19 pandemic showing no sign of slowing and employees leaving their jobs at a record pace as part of the “Great Resignation,” inflation is adding another roadblock for small businesses struggling to get by. With inflation at ...
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By Amit Mathradas, President and COO, Avalara The payments ecosystem has undergone rapid change over the last decade and even more so since the onset of the COVID-19 pandemic as digital commerce grew in popularity. Among the top changes is the widespread adoption of digital ...
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New research from open banking platform Tink shows young UK bank customers expect their financial service providers to demonstrate stronger environmental credentials. And many are willing to switch banks for greener options. The Feb 2022 survey of 2,000 UK customers showed that younger consumers are ...
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By Jeff Domansky The fraud landscape shifted dramatically as criminals boldly increased the hijacking of victims’ online lives with the cost of fraud jumping to $52 billion according to the 2022 Identity Fraud Study: The Virtual Battleground by Javelin Strategy & Research. Traditional identity fraud ...
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Rafael Lourenco, EVP & Partner, ClearSale Although contactless payments became much more popular because of the pandemic, they’re not going away even as many regions return to more in-person activities. In fact, contactless payment methods are more popular than ever, driven by health precautions, security ...
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By Carl Memnon, Co-Founder and COO at Grain Technology. When it comes to banking innovation, we are seeing more and more financial services providers working to offer consumers better options for their banking needs, specifically by providing accessible, digitally native products. While innovation is great ...
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By Jeff Domansky While Amazon and Visa settled a simmering dispute over credit card processing fees, US merchants have ramped up a campaign to convince legislators to examine the impact of credit card processing fees on small businesses. In November 2021, Amazon had announced plans ...
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A busy day and busy week ahead for global payments news in this roundup from PaymentsNEXT. US e-commerce jumped 14.2% in 2021, payments sector investment may get a reset, FYNCR introduced an all-in-one credit card bill payments mobile app, and the Tillful Card promises SMBs ...
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