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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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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By Jeff Domansky, April 28, 2021 It looks like new online shopping habits by consumers could ring up $4.2 trillion in e-commerce sales globally this year, an increase of 20% over 2020. Adobe’s Digital Economy Index report showed a surge in online purchasing in March ...
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By Jeff Domansky, April 27, 2021 It’s financial results season, and it’s not just big business seeing an economic recovery underway. A new report from Intuit QuickBooks by economist Susan Woodward shows US small businesses are on the road to financial recovery from the impact ...
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