Discover Network announced a holiday promotion running through December that offers discounts and other promotions to cardholders who shop at Amazon.com and at some Amazon physical stores.Payments provider AvidXchange launched its AvidPay and AvidInvoice services for the long-term health-care and social-service industries. The services automate accounts-payable and payments processes.Data-security specialist KnowBe4 released its list of …
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It’s the Holiday Season, But Fresh Data Shows How Fraudsters Work Online Year-Round
Online merchants expect to battle fraud with added vigor during the holiday-season shopping frenzy. But now data released this week shows how fraud losses, and the costs of managing fraud, plague these merchants year-round. On average, e-commerce merchants sustained 142 successful fraud transactions each month this year, up 12% from …
Read More »Consumers Have No Reservations About Using P2P Payments To Give Cash During the Holidays
The surge in popularity for peer-to-peer payments is making itself felt in the realm of holiday gifting, helping to erode a longstanding cultural taboo against giving cash during the annual gift-giving season. Gift transactions rose 47.2% in December 2017 over the monthly average for the previous August through October, according …
Read More »Visa’s Mixed EMV Results; Pay Attention to the Checkout; First Data’s Holiday Insights Dashboard
Most—73%—Will Shop in Stores This Holiday Season and other Digital Transactions News briefs from 11/9/18
A survey of 1,000 U.S. adults found 73% will shop at a store for gifts this holiday season, but 13% will also use a virtual assistant, such as Siri or Alexa. Some 57% will use a computer and 42% a mobile device, according to the poll, conducted by merchant processor …
Read More »Acquirers Can Anticipate a Nice Volume Increase Over the Holidays
Merchant acquirers, especially those in the e-commerce and mobile-commerce space, can look forward to strong holiday payment card volumes this year, according to online-commerce analytics firm eMarketer Inc. New York City-based eMarketer’s “Holiday Shopping 2018: A Strong Economy Sets the Stage for a Spending Surge” report released last month predicts …
Read More »Visa’s Big Contactless Prediction; Bracing for Holiday E-Commerce Fraud; eBay’s PayPal Option
As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants
Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts. New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their …
Read More »A Bright Holiday Outlook Online; Part 2: Check-Fraud Scams; Fiserv’s Zelle Connections
Forecast Has a Sunny Outlook for Merchant Acquirers’ Holiday E-Commerce Volumes
Online-commerce analytics firm eMarketer Inc. is out with its 2018 holiday spending forecast, and it has some encouraging news for merchant acquirers, especially those in the e-commerce and mobile-commerce space. New York City-based eMarketer’s “Holiday Shopping 2018: A Strong Economy Sets the Stage for a Spending Surge” report predicts total …
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