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May 19: Global payment news roundup: Laybuy, Adyen, Wise, Billtrust, Masrvi, Target, Best Buy, more…

May 19, 2021

Tie your runners and get ready to ramble. Here’s the weekly roundup of global payments news, developments, and innovations to keep you current. Consumer buying behaviors that will shape the future of retailAt the Consumer Electronics Show 2021, Best Buy CEO Corie Barry summed up ...

Payments Trends Retail

Consumer buying behaviors that will shape the future of retail

May 18, 2021

By Jeff Domansky, May 18, 2021 At the Consumer Electronics Show 2021, Best Buy CEO Corie Barry summed up the future of retail succinctly: “There isn’t a world where people revert back to their 2019 behaviors, and part of that is just a comfort level,” ...

Credit Card & Online Fraud E-commerce

Global payment fraud jumped 69% in the past year

May 13, 2021

By Jeff Domansky, May 13, 2021 Cybercrime is incredibly profitable for fraudsters. Experts estimate more than $1 trillion was lost globally to cybercrime in 2020, and payment abuse is a big part of the fraud picture. According to Sift’s Q1 2021 Trust & Safety Index ...

Banking Disruptive Technologies Fintech

Wise, Google Pay partner for inexpensive cross-border money transfers

May 11, 2021

By Jeff Domansky, May 11, 2021 A new partnership of Wise and Google Pay means US mobile wallet users can send money to friends and families across borders cheaper and faster. The launch lets Google Pay users in the US send money to Google Pay ...

Banking Fintech

As technocracy pillages payments, banks must prioritize responsible fintech

May 10, 2021

By Richard Steggall, Urban FT, May 10, 2021 When it comes to digitization and technology adoption, banks and credit unions have been thrown into the lion’s den. Sparring with tech giants and innovative startups to defend increasingly disputed territory in financial services, much of the ...

Fintech Payments Trends

May 6 PaymentsNEXT global payments news roundup

May 6, 2021

Lots of breaking and positive news this week, and this quick roundup will keep you up to speed on the payments industry news you need to know. April US retail sales grow 23.3% as trends point to a recovering economyTotal US retail sales sprung into ...

Credit Card & Online Fraud Cybersecurity

Pandemic fraud & cybercrime hitting banks hard

May 5, 2021

By Jeff Domansky, May 5, 2021 Three-quarters of financial institutions (74%) saw a significant spike in Covid-related fraud and cybercrime in the past 12 months. New research by BAE Systems Applied Intelligence shows a substantial jump in new pandemic-related threats, along with more significant security ...

Mobile Payments Payments Research

New research: Luggage packed, business travelers raring to go

May 4, 2021

By Jeff Domansky, May 4, 2021 Despite the impact of Covid 19, 84% of business travelers are keen to travel with proper pandemic protection. New research shows 93% of business travelers reduced travel for work by 60% or more during the past year. Those over ...

Payments Research Payments Trends

US small business Covid-19 payment perspectives

May 3, 2021

By Douglas Hall, Publisher, PaymentsNEXT A new report from The Strawhecker Group (TSG) and the Electronic Transactions Association (ETA) reflects the impact of the pandemic on payments and the plans for US small businesses to respond to the new consumer payment preferences evolving. Of the ...

Buy Now Pay Later E-commerce Payments Trends

Splitit opens new installment payment opportunities for merchants

April 29, 2021

By Jeff Domansky, April 29, 2021 With the buy now pay later (BNPL) market exploding worldwide, competition for market share and consumer attention intensifies. As many as 39% of US consumers have tried BNPL, according to a February 2021 report by The Strawhecker Group, and ...

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