Data Entry Errors Cause Nearly as Many Payment Declines as Insufficient Funds
Data Entry Errors Cause Nearly as Many Payment Declines as Insufficient Funds
February 14, 2023  |  Digital Payments

Retailers can’t solve card declines caused by insufficient funds, but incorrectly entered pay information may be a more fixable problem. Merchants and retailers, especially in...

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Aavenir Adds Vendor Onboarding to Contract Management Product
Aavenir Adds Vendor Onboarding to Contract Management Product
February 14, 2023  |  B2B Payments

Aavenir has integrated vendor onboarding and obligation management workflows into its contract management product. The pre-built workflows in the latest release of Aavenir Contractflow will...

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Italy’s Mobile Wallet Use Rises, Despite Government Cash Chaos
Italy’s Mobile Wallet Use Rises, Despite Government Cash Chaos
February 14, 2023  |  Payment Methods

PYMNTS’ Q3 2022 ConnectedEconomy™ Index, “How the World Does Digital,” finds that consumers globally are increasingly incorporating digital tools, transactions and activities into their daily...

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37% of Consumers Store Money in Payments Apps
37% of Consumers Store Money in Payments Apps
February 14, 2023  |  Mobile Applications

General-purpose and merchant money-storing apps are a compelling growth story of recent years, and the types of apps that consumers favor makes a fascinating focus...

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Goldman Sachs CEO Expects ‘Softer Landing’ for US Economy
Goldman Sachs CEO Expects ‘Softer Landing’ for US Economy
February 14, 2023  |  Economy

There’s a growing consensus among CEOs that the economy will see a softer-than-expected landing. So said Goldman Sachs Chairman and CEO David Solomon while speaking...

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Wells Fargo CFO: Economy Will Worsen As 2023 Goes On
Wells Fargo CFO: Economy Will Worsen As 2023 Goes On
February 14, 2023  |  Economy

Wells Fargo’s finance chief has a gloomy prediction for the U.S. economy. “It’s going to get worse as we go throughout the year,” said Mike Santomassimo,...

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Companies Focus on Fraud Prevention as Industrial Ransomware Attacks Jump 87%
Companies Focus on Fraud Prevention as Industrial Ransomware Attacks Jump 87%
February 14, 2023  |  Security & Fraud

Cyberattacks on industrial businesses skyrocketed last year amid a rise in criminals selling ransomware services. That’s according to a new report from cybersecurity firm Dragos, which cites political...

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Bankman-Fried SEC Case Postponed Until After Criminal Trial
Bankman-Fried SEC Case Postponed Until After Criminal Trial
February 14, 2023  |  Legal

The federal government’s civil cases against Sam Bankman-Fried are on hold, at least for now. A court ruling Monday (Feb. 13) postponed lawsuits by the...

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Jan. CPI Slips to 6.4% but Data May Fan Consumers’ Inflation Fears 
Jan. CPI Slips to 6.4% but Data May Fan Consumers’ Inflation Fears 
February 14, 2023  |  Economy

A majority of consumers think inflation this year will trump 2022’s soaring pace. The latest data from the Labor Department may not dispel that notion....

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