Fraud is a constant worry for companies of all types, driven by the sheer variety of different fraud methods that bad actors deploy. Man-in-the-middle attacks, social engineering, account takeovers and botnets are just some of the thousands of different types of fraud that keep CEOs...
Consumers are craving digital payment experiences, the pandemic having whetted their appetites by expanding digital use to a wider range of retail transactions. PYMNTS research found that 30% of consumers are very or extremely interested in trying a new payment method, including digital wallets, QR...
Faster payments have brought significant benefits for consumers, but they also bring the risk of push payment fraud, something that Lee Kyriacou, vice president of real-time payments at The Clearing House, says requires a mix of technology, consumer education and security best practices.
Merchant aggregators and marketplaces looking to compete globally must be able to support a broad range of merchant customers’ payment service provider relationships both swiftly and easily. Spreedly’s Randy Guard explains how payments orchestration enables platforms to add merchants’ preferred gateways at the flip of...
Fraud is top-of-mind for payment providers and the businesses and consumers they serve — for the simple reason that the cost of ignoring it is too much to bear. A recent report from the Federal Trade Commission (FTC) pegged fraud loss in 2022 at $8.8...
With the rise of eCommerce bringing more retailers than shoppers could ever exhaust, consumer-facing businesses of all types fear cart abandonment above nearly everything else. Never has it been easier for a consumer to find a similar product or experience at an alternative vendor, making...
Payment processor Elavon has formed a partnership with the California Restaurant Association. The U.S. Bank-owned company announced Wednesday (April 20) that the partnership will offer payment tools to the association’s 22,000 members. “The California Restaurant Association needed a payments partner that could help add affinity...
The push and pull on student loans has spotlighted SoFi’s digital platform model and the emergence of online financial service ecosystems. As widely reported, SoFi has turned to the U.S. court system to try and halt the Biden administration’s continuing moratorium — and the latest...
Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account. However, that access to financial services is largely underused as many people still rely on informal channels and transacting in...
