Month: November 2019

Alipay Launches International E-Wallet, Giving Tourists Access to a Mobile Payment Platform in China

Those who’ve spent any time in China as a tourist will know first hand just how difficult it can be to perform the seemingly simple task of paying for things with a format other than cash. One of the most popular forms of mobile payments in China is Alipay, and most people will use Alipay …

Alipay Launches International E-Wallet, Giving Tourists Access to a Mobile Payment Platform in China Read More »

Macy’s Website Hacked

This week, major U.S. department store chain Macy’s revealed that they were targeted by a malicious online cyber attack that attempted to steal the payment information of their customers. The macys.com website became infected on October 7 with what they’re only referring to as “unauthorized code” on their “My Wallet” and “Checkout” pages. This allowed …

Macy’s Website Hacked Read More »

What is Interchange Plus Pricing in Credit Card Processing?

To increase transparency in the pricing of credit card processing, credit card processors offer interchange plus pricing, which is often compared to a wholesale processing fee. Under the interchange plus pricing format, businesses pay interchange fees and processing costs separately. Visa, MasterCard, and Discover charge the interchange fee, and a business’s credit card processor charges …

What is Interchange Plus Pricing in Credit Card Processing? Read More »

PayPal’s Xoom Launches Domestic Money Transfers with Walmart

PayPal’s international money transfer service Xoom has this week made the announcement that, for the first time, their customers will be able to make money transfers to recipients in the United States. These P2P mobile payments will occur in a matter of minutes thanks to strategic alliances set up with Walmart and money transfer company …

PayPal’s Xoom Launches Domestic Money Transfers with Walmart Read More »

Online Retail Fraud on the Rise

According to the 2019 Fraud Attack Index by e-commerce security company Forter, attempts at defrauding online retailers have, for the second year consecutively, increased with online electronics and food and beverage retailers seeing the biggest hits. After going through merchant and transaction data, Forter determined the rate at which e-commerce fraud attacks occur has increased …

Online Retail Fraud on the Rise Read More »

5G Communications Could Change the American Retail Landscape

In terms of telecommunications and payment transactions, the United States is strangely out of step with the rest of the world in some aspects. Paper checks, for example, are still used by many companies. The adoption of EMV technology by American retailers was slow enough to cause anxiety among providers of payment processing services. As …

5G Communications Could Change the American Retail Landscape Read More »