The pandemic sent workers home to work, and online criminals have been quick to take advantage of that mass migration. Phishing attacks are now at a record high, with incidents in the first quarter breaching 1 million for the first time, according to a report released Tuesday by the Anti-Phishing …
Read More »90% of Transactions Use EMV Tech and other Digital Transactions News briefs from 6/8/22
EMVCo reported the number of EMV chip cards in circulation globally has grown by 1.1 billion over the past year to a total of 12 billion. Some 68% of all cards issued are now EMV-enabled and 90% of all card-present transactions use EMV chip technology, according to the global standards body.Paysafe …
Read More »Apple Makes It Official: With Apple Pay Later, It’s Jumping With Both Feet Into the BNPL Fray
Apple Inc.’s sneak peek at its iOS16 operating system on Monday included the news that the new version will include Apple’s widely expected entry in the hot buy now, pay later market. Available in the U.S. market, Apple Pay Later will be accepted at all places that take Apple Pay …
Read More »As Sellers Seek out a Broader Payments Array, Trust Payments Adds Acquiring-as-a-Service
Payments-as-a-service and other “as-a-service” technologies have emerged in recent years to package the technology and expertise needed for fintechs to expand their reach and expertise in payments. Now acquiring-as-a-service is stepping onto center stage with news that Fiserv Inc. has agreed to support payments for merchants using Trust Payments Ltd. …
Read More »Shopify Teams With DePay to Bring Token Acceptance To E-Commerce Merchants
The drive to achieve mainstream merchant acceptance of cryptocurrency received a boost Thursday as Shopify Inc. and DePay, a Swiss blockchain payments platform, teamed up to enable consumers to send direct payments to Shopify merchants’ wallets. Shopify will leverage DePay’s blockchain to enable merchants to receive any preferred tokens, with …
Read More »Bank And Credit Card Apps Register More Usage But Less Consumer Satisfaction
The financial stresses brought on by inflation and other after-effects of the pandemic are starting to damage consumer satisfaction with payments apps, according to the results of a series of J.D. Power surveys, results of which were released early Thursday. Indeed, consumer satisfaction seems to be dropping even as app …
Read More »Shoplazza Integrates With Payoneer and other Digital Transactions News briefs from 6/2/22
Shoplazza, a shopping-cart technology provider for more than 360,000 merchants, said it will support integration of payments-acceptance capability from Payoneer into its clients’ Web stores.Billing and payment platform Kill Bill and Wovenware, a provider of artificial intelligence and software engineering services, said Wovenware created an open-source plugin that integrates e-commerce processor Adyen to the …
Read More »Eye On BNPL: Affirm and Stripe Team Up, As Do Klarna And Marqeta
In a sign of buy now, pay later’s deepening penetration of digital payments, Affirm Inc. is partnering with payments-technology provider Stripe Inc. to make its Adaptive Checkout application available to Stripe clients in the United States. Launched in 2021, Adaptive Checkout uses Affirm’s decisioning engine to offer consumers personalized bi-weekly …
Read More »Fundbox’s Visa Debit Card and other Digital Transactions News briefs from 6/1/22
Visa Inc. has collaborated with working-capital platform Fundbox to launch the Fundbox Flex Visa debit card, issued by Pathward N.A.KindTap Technologies, a payments provider specializing in the cannabis industry, has integrated with Dispense, an e-commerce platform, to allow merchants using Dispense to accept credit card and automated clearing house payments …
Read More »Paysafe Targets High Rollers by Raising Its iGaming Wager Limits
To expand its iGaming business and revitalize its digital-wallet business, Paysafe Ltd. on Monday announced it is increasing the wagering limit for high-stakes online gamblers using its Skrill USA wallet to fund their iGaming accounts. The feature is expected to appeal to high rollers who make five- and six-figures wagers. …
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