The major payment card networks have long since come to terms with PayPal Holdings Inc., and now they’re finding ways to put that newfound friendship to use in burnishing their brands with cardholders. The latest example surfaced Monday with an announcement from Discover Financial Services that Discover cardholders can use …
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USAT Balks at Investor Move and other Digital Transactions News briefs from 11/11/19
USA Technologies Inc. said a solicitation from Hudson Executive Capital LP, the unattended payments provider’s largest shareholder, to call a special shareholder meeting is invalid under the company’s bylaws. HEC wants to take control of USA Technologies’ board of directors with its own slate of director nominees.The Singles Day shopping event on …
Read More »Phishing Attacks Are Booming Even as They Are Getting Harder to Detect
Fueled by such scams as business email compromise, phishing frauds are staging a dramatic comeback. The total number of attacks reached 266,387 in the third quarter, according to the latest report from the Anti-Phishing Working Group, a security-industry organization that tracks the crime. That’s the highest level of phishing activity …
Read More »Consumer Loyalty to Using Credit Cards May Be Swayed by Digital Alternatives
Digital wallets and other forms of digitized payments may be poised to take over the most-favored position for some consumers. Sixty-six percent of consumers, if offered rewards, discounts, and cash-back incentives similar to those offered by credit cards, would switch to alternative ways to pay, finds the 2019 edition of …
Read More »In Its Latest Gambit, Samsung Pay Enlists Curve’s All-in-One Card App
Samsung Electronics Co. Ltd. has been seeking lately to differentiate its 4-year-old Samsung Pay mobile payments service, and on Monday came its latest gambit: an integration with Curve 1 LTD, a London-based startup that allows cardholders to consolidate all of their Mastercard and Visa cards into a single card or …
Read More »13th Annual The 10 Most Pressing Issues in E-Payments
What’s keeping you up at night? If you said nothing, you’re lucky. Here’s a list of the biggest issues troubling most payments executives today. We live in a world full of tribulation and turbulence, and the payments business is no exception. Herewith, we offer our annual catalog of the 10 …
Read More »After the ‘Most Successful Launch’ Ever, Apple Enlists Its New Credit Card To Boost Flagging iPhone Sales
Apple Inc. chief executive Tim Cook reiterated Wednesday what his counterpart at The Goldman Sachs Group Inc. said two weeks ago: the Apple Card’s debut was the most successful launch of a credit card in U.S. history. Cook didn’t provide numbers, though he did announce a no-interest promotion when the …
Read More »The Digital Revolution Comes to Remittances
Western Union, MoneyGram, and Ria have ruled the money-transfer landscape for decades. Now they are challenged by a slew of digital-first upstarts. Does the old guard have what it takes to stay ahead of the competition? From mobile wallets and person-to-person payments to cryptocurrencies and blockchain ledgers, digital disrupters are …
Read More »Under the Sign of Libra
Facebook’s digital money could empower the underbanked, usher cryptocurrency into the mainstream, and accelerate the arrival of real-time payments. For some, that’s not good enough. In Roman times, the libra was a unit of weight roughly equivalent to 12 ounces. Ancient Rome also attached the name to a constellation that …
Read More »Adyen Lands Another Retailer and other Digital Transactions News briefs from 9/13/19
Payments provider Adyen N.V. said fashion retailer BrandBank will use its payments network throughout markets in Australia, Singapore, and Hong Kong. BrandBank operates more than 500 stores.Digital River agreed to provide payments and tax and compliance services on the Salesforce AppExchange.PepsiCo has launched a cash-back rewards program called PepCoin, which lets consumers deposit cash rewards directly …
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