Amazon launches cash payment option for the unbanked
With Amazon Cash, the e-commerce giant took steps to improve their position in the burgeoning pre-paid credit card market. Presented as “The fast, no fee way to use cash to shop on Amazon,” shoppers can add between $15 and $500 in cash to their Amazon Balance at more than 10,000 retail stores nationwide. While Amazon […]
The Rise of “Sleeper Cell” Accounts and Fraud
As fraud methods become more advanced, the fraudsters behind it are keeping pace. Recently, a common tactic has emerged where criminals are leveraging account takeover or account creation by “aging” accounts before monetizing them. A March report compiled by antifraud technology provider DataVisor, provided insight into how fraudsters are hiding amongst us inside consumer websites […]
Chargebacks and The Growing Trend of Friendly Fraud
Chargebacks were enabled in order to safeguard both consumers and issuing banks from potential fraud. Additionally, with so many card users and so many legit fraud cases in the world, it only makes sense to have a system in place to expedite the process of refunding money lost by consumers. Sounds great, right? Certainly – […]
Increasing Sales With Multiple Payments Options
Mobile money volume is growing at triple-digit annual rates, according to market researchers with Ingenico ePayments, Oxford Economics and Charney Research in partnership with NTT Data. And while the emergence of mobile payments and alternate payment methods have not necessarily made cash and cards obsolete, they have definitely played a key role in decreasing numbers […]
Report: Cross-border commerce to outpace domestic commerce growth
According to a report by logistics provider DHL, the growth rate of cross-border commerce is expected to be twice that of domestic e-commerce growth. That is great news for merchants who have a handle on their domestic e-commerce offerings as it shows a trend toward even more potential consumers reaching across the border for goods. […]
The Future of 3-D Secure and Ecommerce
Designed to add additional layers of security for online credit and debit card transactions, 3-D Secure has proven to be extremely useful in thwarting potential fraud. 3-D has been adopted by credit card giants Visa (Verified by Visa), MasterCard (MasterCard SecureCode), and American Express (American Express SafeKey) among others and the software technology behind 3-D […]
Trust Rising Among Mobile Wallet Users
It’s no secret that the digital payments industry is growing. Along with it, the use of mobile wallets is rapidly growing as well. While this type of payment method is convenient for both consumers and merchants, much of the increased usage of digital wallets is due to improved security measures which has created higher levels […]
Growing Companies and the Growth of Mobile Payments
Recent studies have indicated that merchants accepting different payment types are not only more likely to have repeat customers but they enjoy increased loyalty from customers as well. These merchants understand that diversifying the ways they accept payment is crucial to the future success of their business. One of the most popular payment methods starting […]
Peer-to-Peer payments has a new player
On Wednesday, Bank of America announced it has launched Zelle, available to customers who use the finance industry giant’s banking app. “Bank of America becomes one of the first banks to incorporate the benefits and features of the Zelle experience, a revolutionary new P2P service, within its mobile banking app,” the bank said in a news […]
Groceries Go Online
The Food Marketing Institute recently released a study claiming that grocery is the next big retail sector being re-shaped by digital processes. Additionally, the group predicts that 20% of grocery sales could be online by 2025. That study, which was mentioned in an Internet Retailer article earlier this week, highlights the expected rapid growth of […]