With voice commerce expected to grow from 18 million users last year to 78 million by 2022, according to Business Insider, sellers of all sorts are starting to pay attention to the technology’s potential to create new transaction markets—and perhaps steal volume from mobile devices. Early enthusiasts for voice are …
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FBI Data Show Fraudulent Online Sales of Cars and Outdoor Equipment, Funded by Gift Cards, Are Soaring
Fraudulent online sales of cars, recreational vehicles, boats, and outdoor equipment are soaring, with the scams typically funded through the victims’ gift cards, according to recent FBI data. A public-service announcement the FBI posted last week on its Internet Crime Complaint Center (IC3) Web site says the site received 26,967 complaints …
Read More »As Amazon Go Opens to the Public, Amazon Ushers in ‘Just Walk Out Shopping’
About a year later than it intended, Amazon.com Inc. on Monday opened to the public an 1,800-square-foot convenience store in Seattle that promises to streamline physical shopping and payment as the company has for decades smoothed out the wrinkles in e-commerce. Along with Amazon’s $13.7 billion acquisition last year of …
Read More »The PCI Council Creates Associate QSA Program To Ease Cybersecurity Talent Shortage
The PCI Security Standards Council on Thursday unveiled its Associate Qualified Security Assessor program aimed at reducing a shortage of data-security professionals in the payments industry. The Wakefield, Mass.-based PCI Council certifies QSA companies to perform assessments of a firm’s compliance with the Payment Card Industry data-security standard, the main …
Read More »Worldpay Eyes Technology And Growth As Cornerstones Following Merger With Vantiv
With the merger between Vantiv Inc. and Worldpay plc finalized, the combined organization, known as Worldpay Inc., will get to the tasks at hand, says Shane Happach, Worldpay executive vice president and head of its global enterprise e-commerce. Chief among them will be developing its technology and growing the company, …
Read More »Cross-Border Specialist Flywire Beefs up Payment Offerings With Its Deal for OnPlan
Flywire Corp., which since its start in 2011 has focused on international payments, on Thursday announced it has acquired OnPlan Holdings LLC, a Bannockburn, Ill.-based company that specializes in payments and receivables management for the health-care and education markets. Financial terms were not announced. OnPlan, with its units OnPlanHealth and …
Read More »There Was No Sign of Waning Fraud Attacks in 2017, Says ThreatMetrix
Financial-services providers experienced a 105% increase in the fraudster attack rate from 2015 through 2017, reports ThreatMetrix Inc., an authentication and fraud-mitigation provider, in its “Cybercrime Report 2017: A Year in Review,” released on Tuesday. E-commerce merchants, too, experienced greater fraud, with the log-in attack rate growing by 170% from …
Read More »Merchant-Funded Rewards Program Developer Cardlytics Seeks More Growth Via an IPO
Cardlytics Inc., which analyzed 18 billion U.S. purchases in 2016 from customers of more than 1,600 financial institutions, last week filed for an initial public offering of stock that it hopes will raise $75 million in gross proceeds to further expand its marketing platforms. Atlanta-based Cardlytics was founded in 2008 …
Read More »Gift Card Provider Blackhawk Network Going Private in $3.5 Billion Buyout
Gift and prepaid card services provider Blackhawk Network Holdings Inc. reported Tuesday that it has a deal with two financial firms to be taken private for $3.5 billion. Private-equity firm Silver Lake Management L.L.C. and hedge fund P2 Capital Partners are offering $45.25 per share in cash. The offer represents …
Read More »Zelle Rolls Out the First National TV Commercials for Its P2P Service
Zelle on Saturday was set to run the first spots in its initial national mass-media marketing campaign, which is centered on the Tony and Grammy Award-winning actor and rapper Daveed Diggs in an effort to appeal to what the bank-controlled person-to-person payments service calls the “mobile majority” of consumers. The …
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