By Sandeep Todi, Co-Founder and Chief Business Officer at Truly Financial Small to medium-sized businesses (SMBs) increasingly buy services from other companies, hire freelancers, and accept clients’ payments in new markets internationally. While these smaller companies need banks that can keep up to run these ...
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By Douglas Hall, Publisher, PaymentsNEXT The critical fall conference season for 2021 is back in action with virtual conferences as well as a welcome return to in-person attendance, speakers, and interaction with payment industry leaders. Members of our editorial team and I will be attending ...
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By Martin Cheek, VP, SmartSearch Money laundering is a perennial problem for institutions around the world. Only last year, the US passed a much-needed update to the Banking Secrecy Act, beefing up anti-money laundering measures and making it more difficult for bad actors to operate ...
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By Jeff Domansky A 15-month research study by global payments provider Vesta shows that from 10% to as many as 13% of card-not-present (CNP), online transactions may be fraudulent. Coupled with annual e-commerce growth of 32.4% in the US and 27.6% globally, the result is ...
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As we approach the end of the dog days of summer, we’ve got a roundup highlighting the latest global payments news. We start with a look at the big dogs Amazon and Affirm tying up in a blockbuster buy now pay later deal. Korea penalizes ...
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By Jeff Domansky Four days ago, global payment processor TSYS platform went offline, and merchants and ISOs are still waiting for an explanation. Neither the TSYS website nor the owner Global Payments have acknowledged the outage. In addition, neither company has yet issued a statement ...
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Today’s PaymentsNEXT news roundup is focused on fraud. As e-commerce grows so is fraud. We’ve got highlights of the latest fraud stats, trends in global e-commerce fraud, fraud solutions, chargebacks, and much more. If you’re following fraud news, dive in and get yourself up to ...
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Lots of global payment news rolling out as PayPal cancels international BNPL fees, Paysafe spends $441 million to acquire SafetyPay, record half-year VC fintech investment of $98 billion, T-Mobile’s disastrous hacking, increased automated fraud, and retail companies reporting the latest quarterly results (Walmart, Target) and ...
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The worldwide payments news keeps on rolling, and we’ve got a roundup to keep you current. Merchants and Amazon are upping their efforts to get lower credit card transaction fees. BNPL is gaining status and money. Acquisitions abound, 85% of mobile apps have critical vulnerabilities, ...
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By Jeff Domansky Interac Corp and 13 leading Canadian financial institution members launched Interac e-Transfer for Business, providing real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds. Recent research by Interac showed 83% of business leaders want new commercial ...
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