Ecommerce fraud has become a significant concern in today’s economy. People are flocking online more than ever before to make purchases. Some retailers are also focusing more on their digital commerce efforts than their in-store work. But more people are engaging in ecommerce fraud than ever before, as businesses lost about $17.5 billion in online …
The challenges that come with payment for items are plentiful. It takes a while for some payments to go through, plus it is tough to trace some deals. Cross-border payments are also burdensome, as people have to go through many legal obstacles to move funds. The potentially expensive fees can also be a burden, plus …
How Blockchain Technology Is Fixing Payments Today and What Comes Next Read More »
Technology and trends change with each generation, a point that is true about millennials. The millennial generation has some unique preferences surrounding how they handle their finances that are different from what other people have used in the past. These points are especially true for credit cards. Millennials have unique ideas for what they want …
Gen Z Millennials’ Changing Preferences Drive Financial Technology Read More »
The video game retailer GameStop was in the news for a while earlier this year, as the company saw its stock price rise thanks to a Reddit-based purchase frenzy. But GameStop is in the news once again, as the company has raised $551 million to manage its ongoing transition to the digital sector. GameStop raised …
GameStop Now Has An Additional $551 Million To Fund Its eCommerce Transformation Read More »
The concept of buy-now-pay-later transactions sounds convenient for many people. The idea allows a person to purchase a product on credit and then pay for it after an interest-free period. The customer can also pay for the item in installments. Online retailers have been using BNPL schemes for a while. They have also become available …
BNPL Schemes Make It Easy To Spend, But Harder To Understand the Risks Read More »
The odds are you’ve heard about many online wallet solutions. These systems let customers link their credit or debit cards to a wallet setup. The customer can then complete a transaction through one’s phone or another NFC-enabled device. It offers a convenient way to handle payments. It ensures people can complete transactions with physical cash …
Cyber Fraud has been a concern that merchants have been dealing with for a while. But the increasing use of online payments during the global pandemic has forced merchants to take it a little more seriously. The risk of fraud has never been greater than it is now. People are engaging in fraudulent activities while …
Merchants Called To the Offensive In Battle Against Cyber Fraud Read More »
The Quick Response or QR code has become a necessity for various scanning purposes. The QR code is convenient for touchless payments and other transactions. QR codes are becoming increasingly essential for secure payments. People are starting to see what makes QR codes so valuable and are picking up on their use. But the adoption …
Exploring the Varying QR Code Adoption Rates Around the World Read More »
Restaurants have already been hit hard during the pandemic, as they are subject to various restrictions. Many places cannot open for anything other than delivery. Reduced dining room capacity keeps these businesses from bringing in as much income as usual. There’s also the worry about further restrictions coming later. One other concern that is harming …
Friendly Fraud Becomes Sworn Enemy For Restaurants Read More »
The Automated Clearing House or ACH network saw a dramatic rise in its quarterly volume. Nacha, the group that runs the ACH network, reports that the network saw 7.1 billion payments during the first quarter of 2021. The total equals about 2.7 billion payments per month. The quarterly report is an 11.2 percent increase over …
ACH Network Hits 2.7 Billion Monthly Payments In Record-Setting Quarter Read More »
Self-service kiosks have become increasingly prominent, as the industry will continue to grow by billions of dollars in the next few years. People have started using kiosks for many purposes in the past few years. The global pandemic has especially made self-service kiosks more essential. These systems are considered safe and sensible, as they allow …
Cross-border ecommerce has been inviting for many people and businesses. People are interested in finding products from various corners of the world. Many people or companies also purchase items from countries that have lower tax levels. There’s also the advantage of groups expanding their reach by selling their wares to more parties. There are many …
Cross-Border Ecommerce: Three Challenges Defining the Next Decade Read More »
The odds are you may have heard about non-fungible tokens or NFTs lately. People are selling these NFTs to others and are making significant amounts of money from these sales. NFTs entail sales for various virtual objects, from videos and audio files to social media messages. But while you can buy an NFT, that doesn’t …
Would You Buy a Non-Fungible Token? Understanding What You’re Buying Read More »
One-click checkouts are convenient for people to use. These checkouts help people pay for their items in moments. They can secure existing payment data and use that to cover whatever payments they wish to handle. Customers have been seeking out ways to make their transactions more convenient and efficient. Working with one-click payments is one …
Shopify Expands Shop Pay To Facebook and Instagram Read More »
Retail industries have been changing over the past few years in ways no one could have expected. There are many exciting shifts to notice surrounding the industry. Many of these points involve shifts in how customers behave. These include changes for physical and online retail spots and how they will complete their work. Direct-To-Customer Solutions …
Digital threats are becoming common, and there are concerns on how well businesses can stay protected from these issues. The global pandemic has prompted many people to complete more transactions online. These include card-not-present deals that might be vulnerable to online threats and other concerns. These problems may continue well after the pandemic officially ends. …
PayPal Launches New Merchant Fraud Protection Tool Read More »
You might be worried about accepting credit cards at your business. You could have concerns surrounding how much it costs to purchase the equipment necessary for reading these cards. The fees for each transaction may also be a problem. You might not be comfortable with spending a percentage of each card transaction on handling the …
Is Not Accepting Credit Cards Hurting Your Bottom Line? Read More »
ACI Worldwide reports that most major American fuel merchants do not meet EMV standards for their automated fuel dispensers or AFDs. The issue comes as the EMV deadline had already been pushed back by a few years. Some groups representing the fuel merchant industry are asking that the EMV deadline be pushed back once more. …
Less Than Half of Major Fuel Merchants Meet Extended EMV Deadline Read More »