Adoption of mobile-payment apps in the United States has been tepid, so the so-called “Pays”—Apple Pay, Google Pay, and Samsung Pay—have sought new features to spike consumer interest. The latest gambit comes from Samsung Pay, which on Thursday announced an integration that will allow U.S. users to send payments to …
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Mastercard’s Cross-Border Clearing Role and other Digital Transactions News briefs from 9/11/19
Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …
Read More »Square Expands Its Software Platform Beyond Payments With a New Ordering System
Less than a month after getting into the product-photography business, Square Inc. on Thursday said it was opening its software platform beyond payments so that outside developers can create systems for merchants to handle orders. In a post on its developer blog, San Francisco-based Square noted that over the past …
Read More »Bountiful Stolen Personal Data Fuels Unrelenting Online Fraud Attacks, Forter Says
In a time when criminal access to consumer data has never been more common, merchants continue to experience pervasive and persistent fraud attempts. That’s the key takeaway from the 2019 sixth annual Fraud Attack Index from Forter Inc. released Thursday. How bad is the problem? Fraud grew in 2018 in …
Read More »Buy Online, Steal in Store
In just a matter of months, this new e-commerce fraud has emerged to exploit weak or non-existent links between merchants’ online and physical stores. If you’re a retailer, what’s not to like about offering consumers the option to buy online and pick up in-store? Most customers who use the service …
Read More »Eye on the Checkout: Target Adds Mobile Checkout; Harry & David Updates Online Checkout
Target Corp. is adding mobile checkout to its stores in time for the holiday shopping season, the Minneapolis-based retailer announced Thursday. Target employees, equipped with handheld devices, can accept card payments anywhere in a store after scanning each product in a shopping cart. The service enables consumers to skip the …
Read More »As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants
Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts. New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their …
Read More »Cash-Based Online Payment Service PayNearMe Adds Card And ACH Options
For nine years, PayNearMe has focused on enabling consumers without access to payment cards to make cash payments for online goods at point-of-sale terminals in what has grown to a network of some 27,000 merchant locations. On Thursday, the Sunnyvale, Calif.-based company said it now can process credit, debit, and …
Read More »Western Union Expands Mobile And Online Transfers to Three More Global Regions
The Western Union Co., which has been expanding its digital footprint for several years, announced a major move on Wednesday into Asia, Latin America, and the Middle East. Online and mobile money transfers will start over the next few weeks in Malaysia and Singapore, the company said, with service already …
Read More »MoneyGram Expands Its Online Platform Into Five New Markets
Wire-transfer provider MoneyGram International Inc. once again is expanding to more markets. This time, the company announced Monday, consumers in Ireland, Poland, Sweden, Norway, and Denmark are the latest to have access to the company’s online platform. MoneyGram’s online service is now available in 15 nations. In July, it expanded …
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