For decades, debt collection has relied on the same methods: repeated phone calls and letters to consumers. Not only does this take a lot of time and energy, it results in scores of complaints (debt collectors generate more complaints to the Federal Trade Commission than ...
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Payments Technology
Payments Technology
With roughly 30 million Americans with at least one debt in collections according to the Federal Reserve, the Consumer Financial Protection Bureau (CFPB) is looking at new rules to regulate how third-party debt collectors contact debtors. New regulations could reduce the use of pestering phone ...
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Could you double your financial services company revenue by offering loans for as little as $30 and insurance policies at 30-cents per month? After 10 years in operation, Indian digital payments company MobIKwik believes that’s its path to profitability this year and double its revenue ...
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Happy July 5 to our US readers and welcome to this week’s global payments news roundup. We start with a look at the growing Chinese traveler payments market and CITCON’s EU expansion. Most consumers pick online payments security over convenience, but to the Brits, it’s ...
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With the launch of its MasterCard Digital Wellness program, the payments giant is making some smart moves to enhance digital payments and security for the small business sector. The new AI technology and suite of resources helps small and independent businesses offer online customers password-free, ...
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Minnesota State University infosecurity grad student Dan Salmon has a cybersecurity warning for seven million users of the popular P2P app Venmo. He recently downloaded your data to prove to Venmo that one year after they were warned by other security experts about the security ...
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No fake tariff deals or fake news here, just the best global payments news from this week for your information. Visa B2B Connect launched a faster cross-border payments network for financial institutions. Amazon Credit Builder reaches out to credit-challenged consumers. A new Ceridian report looks ...
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Let’s face it. Cross-border B2B payments are still at the teething stage. Trillions of dollars move through large decentralized financial networks daily, but the process is slow, complicated, and expensive for banks and their business customers. Visa B2B Connect aims to ease the pain of cross-border ...
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The explosion of business apps in recent years has been remarkable and while some may die a slow death after great launches on Product Hunt with much fanfare, a handful of mobile invoicing apps are genuinely useful for business owners and their customers. Mobile invoicing ...
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What’s one of the biggest friction points for small business today? If you answered getting invoices paid quickly and easily, you’d also have the answer to why MasterCard is buying digital transactions company Transactis. Mastercard says 44% of the 15 billion bills Americans pay each ...
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