Stronger authentication for voice-activated payments, as well as streamlined identity checks and support for a wider array of authentication technologies for online payments generally, are included in the latest version of EMVCo’s 3-D Secure standard, the global payments-standards body said Wednesday. EMVCo said its new update, version 2.3, responds to …
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A New Report From Accenture And Afterpay Casts Light on How Fast BNPL Is Taking Hold
On-the-spot installment lending, known now as buy now, pay later, has achieved such a high profile since the onset of the pandemic last year that observers are starting to calculate just how much consumer spending it’s accounting for—and how much risk it might pose for consumers and lenders. A report …
Read More »More Than One-Quarter of Surveyed BNPL Users Have Missed at Least One Payment
As the popularity of buy now, pay later services accelerates, potential problems do, too. Evidence of that has emerged in new research that finds 14% of BNPL users missed a payment once, and 12% missed a payment more than once, according to a new report from Piplsay, a consumer-research firm. …
Read More »Eye On iGaming: PayNearMe Launches MoneyLine, And Paysafe Teams With Intralot
The opportunity in online wagering, sometimes called iGaming, is attracting a wide array of payments providers as they adapt their online payments-processing capabilities for this emerging market. On Monday, PayNearMe Inc. launched MoneyLine, a service intended to make it easier for players to receive payouts and make deposits into their …
Read More »How ISOs Can Leverage Vendor Relationships
The pandemic has taught ISOs many lessons—including how to get the most out of their suppliers. Leveraging sales in highly competitive retail, restaurant, commercial and other prime industry segments can be challenging, especially given the ongoing impacts of economic disruptions in effect today. As businesses struggle to regain pre-pandemic commerce …
Read More »The BNPL Phenomenon
As buy now, pay later payments continue to garner consumer and merchant attention, what is driving the trend? And does it have staying power? Buy now, pay later services may have gotten a huge boost from the boom in e-commerce sales because of the Covid-19 pandemic, but as these effects …
Read More »Debit Card Pricing at Full Boil
Ten years on, the Fed is mulling changes to its interpretation of the Durbin Amendment’s debit-routing rules. It’s not likely to make anyone happy. Of the many consequences of the Covid-19 pandemic, perhaps the biggest one for the payments business is how it has thrown into stark relief the long-festering …
Read More »Whither BNPL?
It takes nothing away from the phenomenal arc the buy now, pay later trend is describing across the payments landscape to say that, in essence, it’s something quite old dressed up in modern duds. After all, installment credit in retail has been around for decades. But the genius of the …
Read More »As States Give the Nod to Sports Betting, Paysafe Adds Fubo Gaming to Its Roster of Clients
Paysafe Group Holdings Ltd. extended its foray into the booming sports-betting industry, announcing a partnership Thursday with Fubo Gaming, a Chicago-based subsidiary of live TV-streaming platform fuboTV Inc. Fubo Gaming’s mobile sportsbook and Fubo Sportsbook applications will plug into Paysafe’s platform for credit and debit card payments, the Skrill USA …
Read More »PayPal Adds Staples to Its List of ‘Return Bars’ for Its Happy Returns Service
As part of its efforts to extend its contact with consumers and merchants beyond checkout, PayPal Holdings Inc. announced Wednesday that Staples Inc. has become the latest merchant partner to serve as a return center for its Happy Returns in-person return service. Staples will roll out the service at its more …
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