With chargeback costs poised to grow an estimated 52% by 2023 for U.S. payment card issuers alone, issuers as well as merchants and merchant acquirers have every incentive to reduce those costs. And one way they could do it is by providing more transaction detail on consumers’ online credit card …

Fifty-nine percent of all respondents to a survey by CouponFollow LLC, a provider of discount codes for online shoppers, are doing more online shopping as a result of the Covid-19 pandemic, and that jumps to 65% when looking just at the Gen-Z generation.A technology startup called BellyMelly launched a food-ordering app that lets …

Paysafe Group has big ambitions for its Skrill financial products in the United States. Monday’s U.S. launch of the Skrill Money Transfer service is but the first step of a broader U.S. expansion for Skrill, says Lorenzo Pellegrino, a Paysafe executive. The free money-transfer service followed January’s debut of the …

The Federal Trade Commission this week announced a settlement with an independent sales organization that processed $80 million in payments for “My Online Business Education,” or MOBE, a business-coaching and investment opportunity the FTC deemed fraudulent and shut down in 2018. Under an order and permanent injunction in U.S. District Court …

This special code has made possible everything from mobile payments to open banking. Now, get ready for the next stage in the evolution of this remarkable technology. It seems like it was just yesterday that a group of technology experts from the major California banks were sitting around a table …

The Covid-19 pandemic threatens to send merchant acquirers’ attrition rates through the roof. How bad is the damage, and how bad will it get? Covid-19 is on the loose, and behind it The Grim Reaper of Retail has come calling. Brick-and-mortar merchants already were struggling with the e-commerce onslaught, but …

Vesta, a vendor of fraud-fighting technology, said it has received a $125 million growth-capital investment from Goldfinch Partners.Fiserv Inc. said True Sky Credit Union will move to its platform for core account processing, including access to the Zelle peer-to-peer payments network.Mastercard Inc. launched Recovery Insights, a set of data and tools aimed at …

ISOs tap into card issuing revenue One of the biggest challenges for small businesses is the availability of credit according to a recent study* by the Federal Reserve. Many merchants address this by taking out short-term business loans or using personal credit cards to bridge the gap. While credit cards …

Visa Inc. appointed Chris Newkirk as chief strategy officer, a newly created position in which he will lead strategic planning for Visa overall and work with Visa’s regional teams. Newkirk, who will report to chairman and CEO Al Kelly, comes to Visa from Capital One Financial Corp., where he held a …

After years of working with Internet firms and payments and tech companies to develop its authentication standards, the Fast IDentity Online (FIDO) Alliance on Wednesday unveiled a Web site to familiarize consumers with its work and a symbol that indicates a Web site or device is using its technology. The …