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Sweden going cashless

Chris Skinner

Plastic money is not only more secure from fraud, but can literally be washed to get rid of bad deposits. There are no fully–comparable figures from any of the surveys carried out in 2006, but in 2006 the “average consumer” did not choose to pay by card until the purchase sum exceeded SEK 123.”

Survey 284
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Signature Bank Taps Tech For Simplified AP

PYMNTS

Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods. Payments are facilitated using virtual Visa commercial cards, ACH and checks. a privately funded, locally-owned bank holding company founded in 2006.

Illinois 167
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Inflated Credit Scores Put Lenders At Risk

PYMNTS

Bloomberg reported there are about 15 million more consumers that have credit scores of more than 740 today than back in 2006. What’s more, Bloomberg cited Moody’s as saying there are around 15 million fewer consumers with scores under 660 today then back in 2006.

Analytics 174
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Online Purchases Rule The UK Commerce Arena

PYMNTS

As the popularity of online shopping continues to rise, it comes as no surprise that there has also been an uptick in card-not-present purchases. Worldwide, eCommerce card payments generated $2.7 “The improving convenience and security of the eCommerce channel are key drivers of this growth.” In 2006, 6.7

Online 131
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More than Ten Years On, Merchants Still Hate PCI. What's the Alternative?

Payments Source

When it was created in 2006, the Payment Card Industry Security Standards Council was billed as an independent body to manage the data security standards process for the payments industry. It has been under fire from merchants ever since.

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FinTech Veteran Dan Henry Tapped To Lead Green Dot

PYMNTS

Henry was the CEO of prepaid debit card firm Netspend from 2008 to 2014. Henry served as president and CEO at Euronet through 2006 and was a board member until 2008. In 2017, he was appointed director of security firm The Brink’s Company and was elected chairman of the financial services company Paysign in 2018. million.

Fintech 139
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How Facebook Unfriends Ad Fraudsters

PYMNTS

The network found that Australia’s 2018 card fraud rate was 72.8 cents per $1,000 AUD of card spending, down from 75 cents the year prior. This is the first year-over-year (YoY) decline in card fraud since AusPayNet first reported this statistic in 2006. percent in 2018 from 13.9 percent in 2017.

Fraud 158