News

November, 2020

• 30 November

  Digital Trust & Safety Index: Account Takeover Fraud and the Growing Burden on Business

  

  Account takeover fraud has been a challenge for e-commerce merchants since business online. But recent years have proven exactly how pervasive ATO is across every industry, and revealed that it’s the average fraudster’s weapon of choice. Between the second quarter of 2019 and Q2 2020, overall ATO rates (the percentage …
• 30 November

  How Criminals Are Leveraging Covid to Get Personal Data From Consumers

  

  With consumers shifting more of their transactions online due to the Covid-19 pandemic, criminals continue to target card-not-present transactions and step up their efforts to deceive consumers into giving up their account information, says Feedzai Inc.’s latest quarterly Financial Crime Report. The three leading factors contributing to the increase in …
• 30 November

  Shopify’s Black Friday Volume up 75% and other Digital Transactions News briefs from 11/30/20

  

  Commerce platform Shopify Inc. reported $2.4 billion in global Black Friday sales, a 75% increase from 2019. Black Friday is the Friday following Thanksgiving. Mobile sales accounted for 68% of U.S. transactions and desktop, 32%. Top U.S. cities were New York, Los Angeles, and Vernon, Calif. The average ticket of $93.80 was …
• 30 November

  COMMENTARY: The DoJ Is Right in Suing To Stop Visa’s Deal For Plaid. Here’s Why (Part II)

  

  Unlike Visa and Mastercard, Plaid is not just another credit and debit card company largely beholden to the big banks. It uses modern technology, in a sector that has been slow to adopt it, to create a new payments paradigm. It likely has no plans to issue cards or use …
• 25 November

  How Fiserv Is Working With Google Pay And ExxonMobil To Go ‘Beyond the Buy Button’

  

  With digital and physical commerce melding, Fiserv Inc. intends to position its Carat platform as the engine to enable providers such as Alphabet Inc.’s Google unit and merchants to process transactions across both channels. Fiserv took a big step in that direction last week when it announced it will enable …
• 25 November

  COMMENTARY: The DoJ Is Right in Suing To Stop Visa’s Deal For Plaid. Here’s Why (Part I)

  

  Finally! No doubt, merchants throughout the country are applauding the Justice Department’s suit against Visa to stop its planned acquisition of Plaid, a potential competitor. For far too long, we’ve witnessed the growth of Visa’s dominance of the debit card business, which has come at a huge cost to America’s …
• 25 November

  81% Have Used a One-Click Payment Method and other Digital Transactions News briefs from 11/25/20

  

  Some 81% of U.S. consumers have used a one-click payment method while shopping online, with 37% using the method “frequently,” according to a survey earlier this month of 961 consumers by The Strawhecker Group and the Electronic Transactions Association.Switched dollar volume and switched transaction volume for Mastercard Inc. in the week ending Nov. 21 were both …
• 24 November

  By 2030, Cards May Linger, But Digital And Contactless Payments Will Dominate: Report

  

  The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in store, and reduced friction within the payments ecosystem. That’s the assessment in the “Future-Proof Payments: From the EMV Chip to a Fully Digital Future” report …
• 24 November

  COMMENTARY: Three Things C-Stores Must Do Now to Contend With Covid-19

  

  The pandemic has forced the world—individuals and businesses alike—to reassess their approaches toward life and reevaluate daily processes. The same goes for convenience stores with a particular focus on solution-driven innovation and adaptation. They must evolve their businesses with modern technologies, such as contactless payment processing, pre-store visit staging, and …
• 24 November

  PAI Adds Bitcoin Service to its ATMs and other Digital Transactions News briefs from 11/24/20

  

  Payment Alliance International Inc. said its fleet of more than 95,000 ATMs will redeem Bitcoin for cash under an agreement with B4U Financial LLC, whose BitLoad4U technology will manage authorization, clearing, and settlement and allow redemption from any cryptocurrency mobile wallet.A Bitcoin variant called Bitcoin Latinum announced a pre-sale launch with availability on exchanges in …