To make it more convenient for its customers to send money using Zelle, the major peer-to-peer payment network operated by Early Warning Services LLC, Bank of America Corp. has developed a Zelle widget that can be added on the home screen of a mobile device. The widget will take BofA …
Read More »Eye on BNPL: Klarna And Marqeta Expand in Europe, And Afterpay Brings BNPL To Belk
Klarna AB has expanded its relationship in Europe with virtual card issuing platform Marqeta to 13 new markets. Working with Marqeta, Klarna will offer one-time virtual cards to consumers in the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland, and Denmark. The deal is the …
Read More »Consumers Expect More E-Commerce Fraud During the Holidays, And They Blame Marketplaces
The risk of being defrauded by online sellers is a major concern for consumers this holiday-shopping season, according to a survey by Socure Inc., a provider of identity-verification and fraud-detection technology. And consumers are poised to blame not just the fraudulent sellers, but the marketplaces that host them, the survey …
Read More »A Dwolla And Infinicept Link Aims to Make Embedded Payment More Accessible to ISVs
Payment-platform provider Dwolla and Infinicept, a Denver-based firm that specializes in embedded payments, are teaming up on new technology for independent software vendors. The partnership is aimed at making it more economical for business-software providers to include payment processing in their application and reduce their time to market by months. …
Read More »Eye On Holiday Fraud: Expect a Surge in Attacks for Higher Dollar Value Items
The holiday-shopping season is a busy time not just for merchants and consumers, but for criminals, too. Fraud attacks are projected to increase by at least 50% this holiday-shopping season, and will most likely surpass the 56% increase in attacks during the 2020 holiday season, according to Arkose Labs. Fraudsters …
Read More »With Delinquencies Rising, Experts Advise Flexible Repayment Plans for BNPL Users
With defaults on buy now, pay later loans on the rise, BNPL providers need to be cognizant that creating a flexible repayment plan can not only help improve recovery rates, but help retain delinquent customers by providing a better customer experience during the collection phase, says a study from digital …
Read More »Despite A Downtick In Thanksgiving Weekend Sales, Holiday Sales Are Going Strong
Strong early holiday spending slightly curtailed consumer spending over the Thanksgiving weekend, according to reports from Adobe Inc. Consumers spent $4.5 billion online on Saturday, down 4.3% from a year ago, and $4.7 billion online the following day, down 0.5% from the same period a year ago. But Adobe is predicting consumers will …
Read More »When It Comes to Paying for Online Purchases, Debit Tops the List, Says a Fiserv Report
Debit cards have become the preferred payment method among Millennials and Gen Zers for online purchases and for use in digital wallets. A recent Carat Insights Report from Fiserv Inc. reveals that 59% of Millennials and Gen Zers use debit online because they prefer the financial control debit cards provide …
Read More »Paycast, Marqeta, And Mastercard Launch a Virtual Card for Marketplace Sellers
Paycast Inc., a payments provider for online merchants, e-commerce platforms, and marketplaces, is partnering with Marqeta Inc. and Mastercard Inc. to launch a digital card product for marketplace sellers. The card will enable marketplace sellers to have immediate access to funds from the proceeds of a sale once the transaction …
Read More »With an Earlier Start, Holiday E-commerce Transactions Are Projected to Outperform 2020
E-commerce merchants can expect another strong holiday-shopping season this year as online transactions are projected to outpace those in the same period last year, according to ACI Worldwide Inc. In the United States, the biggest surge in volume is expected between Thanksgiving and Cyber Monday, with e-commerce sales projected to …
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