Synthetic identity fraud is a growing, evolving challenge for merchants. It arises when criminals combine real or stolen personal data with fake information to create new identities, open fake accounts, and make fraudulent purchases. And this cybercrime problem is growing according to fraud prevention experts. ...
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Amid the general US retail doldrums, Target’s Q2 results stand out as a beacon of what’s possible when you have a plan, you’re disciplined in implementing it, and not afraid to spend on innovation where it will pay back. In a press release, Target highlighted ...
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According to McKinsey & Company research, e-commerce membership sites have grown more than 100% annually during the past five years. An estimated 15% of consumers have signed up to one or more subscription services for everything from beer and wine, child and baby items, contact ...
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This weekend’s reading in payments news, trends, research and innovations from around the globe is for the fast and the furious. Watch for Google’s first-ever retail store in Chicago, Amazon’s possible move into the theater business, and Walmart’s stellar e-commerce results. We’ve also got a ...
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When it comes to payments apps, there’s a new sheriff in town. Square’s Cash App now has a total of 33.5 million downloads compared with PayPal Venmo’s 32.9 million cumulative downloads according to Nomura Instinet analyst Dan Dolev. “If the Cash App continues to grow ...
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Online shopping in the Asia-Pacific region will reach $1.6 trillion in 2018 and $2.3 trillion by 2022 according to a new report from GlobalData. Across the entire Asia-Pacific market, Asia-Pacific e-commerce growth increased between 2013 and 2017 at a compound annual growth rate (CAGR) of ...
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It’s very surprising the check clearing system in the UK has not kept pace with new technologies in most other markets around the world. By the end of this year, UK financial institutions will all finally adopt a new image-clearing system that replaces a traditional ...
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For the first time in the UK, debit cards have taken over from cash as the consumers’ preference for payments. New research from UK Finance shows consumers made 13.2 billion debit card payments in 2017 compared to 13.1 billion payments in cash. This comes a ...
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Here’s what we’ll be reading this weekend in payments industry news, trends, research and innovations from around the globe. PayPal Cross-Border Consumer Research 2018 The new PayPal cross-border consumer research study is filled with insights for e-retail and e-commerce operators. Learn how online commerce, and ...
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Instead of taking days or weeks to pay out non-glass insurance claims, a new service from Safelite Solutions and Ingo Money could pay accident claimants within hours. Safelite Solutions SVP of Strategic Client Sales & Support Jon Cardi said in a PYMNTS.com interview, “This is ...
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