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only 38% use gift cards within 30 days
Credit Card & Online Fraud Cybersecurity

E-gift cards see 820% jump in malicious attacks in 2020

While the popularity of e-gift cards is growing, it’s also accompanied by an increase in malicious attacks with the onset of COVID-19. Among the brands protected by PerimeterX, the company saw e-gift card attacks stay fairly steady in the e-commerce vertical, however since the COVID-19 ...
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global payments declining due to COVID-19
Banking E-commerce Payments Research Payments Trends

Canadians toss the cash, forgo bank branches, embrace contactless payments

New research from McKinsey shows Canadian consumers avoided cash and bank branches in May over the fear of COVID-19 and turned to contactless payments to fill the gap. The survey found that 42% of Canadians decreased their use of cash compared to only 26% in ...
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COVID-19 disruption creates opportunity
E-commerce Retail

McKinsey: Post-COVID-19 business recovery could take 5 years

A new McKinsey report says post-COVID-19 business recovery could take five or more years depending on the size of business and sector. The report highlights challenges faced by businesses in returning to pre-pandemic business levels including reduced customer demand for products and services, new consumer ...
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Forter Smart Routing
Banking Cybersecurity Payments Technology

New fraud prevention tool will reduce merchant false order declines

Merchants, payment gateways, credit card issuers, and banks and have long battled the problem of orders falsely declined as part of fraud prevention programs often operated in isolation by partners in the payments system. Experts estimate losses to merchants could be as high as 10% ...
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SaaS metrics
E-commerce Payments Trends

SaaS metrics that matter, including monetization

By Alexandra Marcu, Vice President of Marketing at 2Checkout The business landscape has never been as competitive as it is in the digital era and the SaaS field is one of the fastest-growing today according to Gartner – 27% annual growth rate estimated in 2019 ...
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EPI new EU payment system
Banking Payments Trends

Will that be Visa, Mastercard, or EPI?

Not only will Americans be banned from travel to Europe, the big US payment companies may soon face competition by a new credit card system in development by 16 European banks. The new pan-European payments system is called the European Payments Initiative (EPI) and will ...
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COVID-19 logistical challenges for business
E-commerce Logistics

COVID-19 sales impact, biggest challenges, best business responses

New research from 2Checkout reveals COVID-19’s negative impact on more than 60% of online businesses but also points to ways companies are responding positively and highlights several sectors that actually grew their sales in the past several months. Biggest business challenge is sales The biggest ...
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2020 online shopping research
E-commerce Logistics

Holiday shopping predictions amid COVID-19

it’s never too early to start thinking about Christmas shopping, is it? Especially if you’re a retailer. At least that’s what the research team at Voxware was thinking as they asked consumers about their online shopping plans for the holidays in the midst of our ...
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synthetic identity fraud
Credit Card & Online Fraud Cybersecurity E-commerce

Financial services see surge in online fraud during pandemic

With the rise of e-commerce and digital payments during the COVID-19, new research by TransUnion shows fraudsters are also getting in on the action. The recent report showed an 11% increase worldwide in risky fraud transactions it defined as denied or reviewed because of fraud ...
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Postbank fraud $3.35 M
Banking Credit Card & Online Fraud Cybersecurity

Out of Africa: Postbank scam hits 12 million South Africa bank customers

“Bank heist! How insiders stole millions and threatened the cybersecurity of more than 12 million South African bank customers.” It’s got all the makings of a made for the movies bank robbery. This was a criminal plot to steal the 36-digit code and “master key” ...
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