What a busy week in payments news around the globe! Amazon has canceled plans for a New York HQ. US retailers lost $300 billion in sales in 2018 due to markdowns. SWIFT plans to open access to its KYC database for corporate entities. PPRO sees ...
Read more
Slider
Slider
It’s Valentine’s Day and romance may be in the air but so are financial scams, according to the US Federal Trade Commission (FTC). In 2018, more than 21,000 US residents were victimized financially by romance scams totaling more than $143 million according to the FTC’s ...
Read more
Tightly woven into e-commerce and payments are the critical issues of trust and privacy for consumers. Experian’s Global Identity and Fraud Report found that 74% of consumers see security as the most important element of their online experience, followed by convenience. Security and convenience are ...
Read more
A study by Coresight Research and Celect estimates non-grocery retailers lost more than 12% of annual sales or more than $300 billion due to markdowns in 2018. Just 60% of inventory is sold at full price, according to the retail leaders surveyed. Competition and rapid ...
Read more
In this week’s payments news, we’ve got an NRF prediction for 2019 retail sales growth of 4.4%. The Anti-Phishing Working Group says 38% of phishing attacks targeted payments information while the Identity Theft Resource Center reports nearly half a billion US consumer records were stolen in ...
Read more
Advocates of the move towards cashless payments are excited about its possibilities but there’s push back from critics who say it disenfranchises people without access to banking services. New Jersey lawmakers voted to ban cash-free stores and the order simply needs the governor’s signature to ...
Read more
New Feb 1 Foreign Direct Investment (FDI) regulations on e-commerce have the online selling business in turmoil in India. The new government regulations prohibit foreign-owned companies from restricting local retailers from their marketplace platforms or only selling products from preferred suppliers. Local Indian businesses have ...
Read more
There’s good news and bad news about identity theft in 2018 according to a new report from the Identity Theft Resource Center (ITRC). The good news is the number of US data breaches decreased from a 2017 all-time high of 1,632 breaches by 23% to 1,244 ...
Read more
Our global payments news roundup is truly worldwide this week. Visa and MasterCard reported solid year-end financials, although both cards remain locked out of China during the trade dispute. In India, Amazon and Walmart’s Flipkart are scrambling to respond to new stringent e-commerce regulations on ...
Read more
New research identifies key ways online retailers can increase sales by reducing friction and making the shopper journey smoother. In the whitepaper – Addressing the Pain Points in eRetail – Juniper Research identifies seven stages in the sometimes-bumpy road in today’s online shopper journey: In ...
Read more