Despite what you hear about electronic payments displacing coins and folding money, the real story is a little more complicated. The world is flat. Or at least that’s what most people believed until Aristotle around 330 B.C. provided evidence of a spherical Earth. Even then, it was slow to catch …

With consumer expectations higher than ever, analytic tools that can meet those demands while weeding out fraud are more important than ever, says Luke Reynolds. A recent survey conducted by Juniper Research predicted the overall value of fraudulent online transactions globally will reach $25.6 billion by 2020. Of that activity, …

The U.S. is finally moving toward faster and more secure payments, but the process is far more deliberate than it needs to be. Look at Australia for an example of how it could be done better. Observers of the U.S. payments industry can be forgiven for wondering—in the wake of …

We list 37 entries this year, of which only three appeared in our original Guide nine years ago. This year’s Field Guide represents our 10th annual effort to catalog the broad currents in electronic payments by listing some of the more salient players providing alternatives to the big network brands. …

General-purpose mobile wallets have yet to convince most merchants and consumers that they have real value. Can that change, and if so, when? The hype over mobile wallets hasn’t ceased ever since Google Checkout launched way back in 2006, and it’s only become louder since Apple Inc. unveiled Apple Pay …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …

With digital-payments providers emerging all over the world to serve local and international consumers, the search is on for synchronized, standardized networks to transfer funds cross-border. Ripple, the San Francisco-based provider of distributed-ledger payments, says it has the answer, and late last week five payments services overseas signed on to …

By Scott Dowty, Chief Revenue Officer at Apriva, LLC Merchants today need to connect with their prospects and customers across multiple channels to survive and thrive.  This “omnichannel” strategy requires meeting the customer in store, online, with mobile, with self-service and vending, perhaps even with mail order/telephone order options.  And …

Customers of safeTstep, the business-to-business division of Payless ShoeSource, can now use PayNearMe to pay for online orders with cash at more than 27,000 U.S. locations, Payless said. This follows an earlier announcement that consumers can use PayNearMe for their Payless.com purchases. The Zelle person-to-person payments network moved more than …

      by Computer Services, Inc. (CSI) Now, more than ever, achieving a 360-degree view of customers is essential for optimized and effective anti-money laundering (AML) compliance. Financial institutions, including banks, investment firms, and insurers—and the services they offer both retail and corporate customers—have grown in size and complexity …