Perficient

JULY 11, 2022

Buy now, pay later (BNPL) is a type of point-of-sale installment loan that partners with retailers to allow consumers to pay for their purchases in multiple equal payments. When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout.

Fintech 474

Fintech Trends South Dakota Apple 474

PYMNTS

NOVEMBER 20, 2020

Firms recognize that not all employees can receive payments into bank accounts, and these companies must therefore provide secure, convenient alternatives. Employers may also find it easier and cheaper to issue funds via payroll cards rather than checks because the former method spares them from printing and mailing physical documents.

Cards 197

Cards Tools Survey Payments 197

PYMNTS

JUNE 19, 2019

The connected vehicle ecosystem is taking shape, and that is bring new opportunities to retail. But challenges remains, not the least of which include securing the emerging ecosystem for those connected cards and trucks. Among the latest developments from the retail side of the ecosystem comes from the world of QSRs.

Retail 109

Retail Google Survey Security 109

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. And according the the Atlanta-based building supplies retailer, that flaw is putting both customers and retailers at risk.

Retail 100

Retail Cards Data Atlanta 100

Gonzobanker

DECEMBER 22, 2014

It’s time for the 2014 GonzoBanker Awards! Retailer of the Year that Caused the Most Project Heartache in Bank I.T. And won’t address the biggest area of fraud growth, which is card-not-present. Last year, we gave Salesforce the Big Buzz award and it moved well beyond that in 2014. but let’s just dive into it!

Los Angeles 101

Los Angeles Apple Risk Management California 101

PYMNTS

JANUARY 14, 2020

14) that participants in its Visa Token Service have processed eCommerce volumes of $1 trillion since the service’s debut in 2014, and that its transition of Visa Checkout merchants to click-to-pay will begin on Jan. Click-to-pay is interoperable with the EMVCo tokenization and the 3-D Secure specifications. Visa said on Tuesday (Jan.

New York 170

New York Security Cards Retail 170

PYMNTS

OCTOBER 1, 2019

The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020. The aim is to prevent a recession like the one that happened in Japan after the tax was increased from 5 percent to 8 percent in 2014. While there were some system problems reported on Tuesday (Oct.

Taxes 101

Taxes System Security Retail 101

PYMNTS

MAY 13, 2020

The 28 additions add significantly to the 150 token requestor partners that had been included in Visa Token Service through the years since the service launched in 2014. The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors. The Click To Pay Transition.

Security 250

Security Cards Payments Data 250

PYMNTS

JUNE 6, 2019

For some time now, retailers have been using it and radio frequency identification (RIFD) behind the scenes for stock and quality control, as well as to provide product information to customers with smartphones. don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. However, the U.S.

US 140

US Apple New York City Cards 140

PYMNTS

DECEMBER 31, 2018

We have a major security effort at the company that hardens all of our surfaces.”. Retailer Hudson’s Bay got story started in early April with the disclosure that Saks Fifth Avenue and Lord & Taylor stores in North America had their payment cards compromised. The breach was believed to have seen 5 million cards compromised.

Data 230

Data Security Tools Cards 230

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Telcos and retailers weren’t far down the list.

Security 100

Security CA Payments Big Data 100

PYMNTS

JUNE 17, 2019

Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant it couldn’t process cards or other forms of payment. The company also said that there was no security issue and that no payment or personal data was leaked. pay for things they wanted to buy in the store.

Security 174

Security Payments Retail Data 174

PYMNTS

JUNE 22, 2016

In what is being considered the country’s biggest class-action lawsuit to date, the watchdog claims DNB charged customers roughly six times more to manage their funds over the course of 2010–2014, the Financial Supervisory Authority and the Norwegian School of Economics and Business Administration stated. District Court in Atlanta.

Atlanta 101

Atlanta Security New York Cards 101

PYMNTS

JUNE 23, 2020

Verizon Debuts Visa Credit Card With Rewards. To provide a new method for cardholders to save on their cell phone bills, Verizon plans to debut the Verizon Visa Card. The Synchrony-issued credit card, which will officially roll out on June 26, will enable mobile clients to save on their bills via rewards.

Payments 159

Payments Survey Innovation Fraud 159

Chris Skinner

FEBRUARY 14, 2017

In other words, the drive of pornography led to online commerce, with the first payments being taken through credit card forms online. Books.com was owned by Book Stacks Ltd, a US bookstore that had been running a bulletin board in the 1980s and moved online in 1992, three years before Amazon launched, taking credit card payments.

Online 211

Online Maine Google Retail 211

PYMNTS

DECEMBER 19, 2016

While Yahoo can’t seem to shake the consequences of its massive data breach, Costco may have finally gotten things right with its co-branded credit card, and IBM is keeping its eye on the blockchain prize. In September of this year, it was revealed that over 500 million Yahoo accounts had been compromised back in 2014.

blockchain 100

blockchain Cards Data Branding 100

PYMNTS

JUNE 1, 2017

announced that its quick, safe and secure payment method, Visa Checkout, has launched in the U.K., According to Finextra , Visa Checkout allows consumers to securely store shipping and payment details without having to re-enter information while shopping online. in 2014 and has expanded into 23 countries, most recently Poland.

New York 101

New York Security Cards Online 101

PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . Card not present fraud’s growth is] a combination of two things,” he said.

Fraud 120

Fraud Retail Cards National 120

PYMNTS

JULY 17, 2017

The luxury retailer’s very first cybersecurity executive has decided to part ways with the company. After signing on as Neiman Marcus’ chief security information officer in 2014, Sarah Hendrickson has stepped down from her position. million credit and debit cards.

Security 101

Security Compliance Data Cards 101

PYMNTS

OCTOBER 13, 2016

digital loyalty service for SME retailers and eateries, is raising £500,000 in funding to support ongoing growth and establishing operations in the U.S. There will be a strong focus on deploying Loyalzoo across more retail POS platforms and growing partnerships, reseller engagements and merchant user base. “We Loyalzoo, a U.K.

US 100

US Retail Marketing Strategies Security 100

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Virtual card issuance.

Online 98

Online Company Retail Payments 98

PYMNTS

MARCH 24, 2016

When retail executives complain about the rising cost of labor, this isn’t usually what they mean. million through a debit card scheme. The complaint alleges that Chon made the first illicit foray into Toys”R”Us’ “Fleet Card” system in 2013 and then 116 more times until March 2016.

US 100

US New York City ATM New York 100

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Casualties of these breaches in the first half of 2019 alone include 4.1

Fraud 148

Fraud Security Resources Survey 148

Bank Innovation

AUGUST 11, 2016

The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. American Express today dispelled market rumors that it would expand its OptBlue program. Market participants tell Bank Innovation Read More.

Innovation 150

Innovation Marketing Security System 150

PYMNTS

DECEMBER 4, 2018

These tourists, business travelers and others entrusted the Starwood hotel guest reservation database with details about their payment cards; home, work and email addresses; passport numbers and images; reward accounts and general travel habits. Fewer still cancelled their credit and debit cards. Good for them! Well, not really.

Security 172

Security Strategy Data Cards 172

PYMNTS

JUNE 24, 2016

Private IT security firm PandaLabs recently obtained a copy of a malware program that infected terminals at CiCi’s Pizza, cracked the malware program open and found inside plenty that was far from reassuring for POS security. PandaLabs’ verdict?

Industry 101

Industry Pennsylvania Security System 101

PYMNTS

SEPTEMBER 18, 2020

The first was that American mobile-wallet providers pretty much avoided it, starting with Apple eschewing QR codes in 2014 in favor of the higher-tech (and more secure) NFC technology. It turned out Americans liked paying by card just fine and weren’t looking for a change. Second, U.S. Or at least they weren’t until COVID-19.

Apple 292

Apple Jacksonville Study Mobile 292

PYMNTS

MARCH 28, 2018

During Begor’s 35 years at General Electric, Equifax said he was in charge of multibillion-dollar business units as president and CEO of GE Energy Management from 2014 to 2016, president and CEO of GE Capital Real Estate from 2011 to 2014 and president and CEO of GE Capital Retail Finance (Synchrony Financial) from 2002 to 2011. “I

Leadership 100

Leadership Capital Data Analytics 100

CFPB Monitor

MAY 12, 2021

The Durbin Amendment (Section 1075 of Dodd-Frank) authorized the Fed to issue regulations to ensure that the amount of any interchange fee received by a large debit card issuer (one with at least $10 billion of assets, together with its affiliates) is reasonable and proportional to the cost incurred by the issuer. In 2014, in NACS v.

North Dakota 78

North Dakota Cards Regulation Fraud 78

Banking 2020

JANUARY 15, 2015

The retail banking industry has seen major changes occurring in the industry over the last few years with the adoption of mobile banking, the rise to prominence of the millennial demographic, narrowing margins, stagnant top line revenues, the future of the branch and continued regulatory changes. Digital Banking. Cyber vulnerabilities.

Retail 40

Retail Trends Millennials Mobile 40

CB Insights

OCTOBER 10, 2018

Startups targeting retail and commercial banking have been emerging globally, spurred by favorable tech regulations, an uptick in mobile adoption, and shifting customer demographics. This year in the US, JP Morgan launched mobile banking app Finn and Goldman Sachs’ retail banking arm Marcus crossed 1.5M Incumbents Play Catch-Up.

Retail 78

Retail Cards Millennials Mobile 78

PYMNTS

JANUARY 10, 2020

With roughly 17 million active users each month and 30,000 diverse online retailers, Honey has delivered some $1 billion in savings to shoppers in the past year. Citigroup Names New Retail Banking Leader. David Chubak will head all retail sectors — branches, mortgages, wealth, risk management and small business, according to a memo.

San Francisco 130

San Francisco Millennials Cards cryptocurrency 130

PYMNTS

MAY 31, 2017

In 2014, Line added mobile payments to its offering and since then has inked deals with 30 banks in Japan to enable instant transactions on its mobile network. In March of last year the company expanded further by rolling out a prepaid card that links with the Line app and provides loyalty points when used at certain retailers.

Maine 101

Maine Study Payments Mobile 101

PYMNTS

AUGUST 23, 2016

He will serve alongside BVP Partner David Cowan, who cofounded cybersecurity companies VeriSign, Good Technology and Defense.net, and Authentic8 CEO Scott Petry, who founded the email security company Postini. Forbes said the hackers found weaknesses in the point-of-sale system vendors’ servers and then went to work exploiting them.

Capital 100

Capital Security Retail Data 100

PYMNTS

OCTOBER 17, 2016

The report pointed to a study conducted in March that found that credit cards were the most preferred payment method chosen by 80.7 The report noted that the lack of consumers in Japan using digital payments could be because consumers in Japan have real concerns about security. percent of the survey respondents.

Payments 100

Payments Study Survey ATM 100

Abrigo

JANUARY 21, 2015

Peek inside nearly any brick-and-mortar retailer and you’ll see a wave of smartphones in-hand, people waiting for their turn to step to the register and make their purchase. When Apple Pay launched late last year, it was met with the typical Apple innovation buzz as well as some skepticism about data security.

San Antonio 150

San Antonio San Diego Apple Mobile 150

Bank Innovation

JUNE 23, 2016

Launched in 2014, Ant Financial Read More. Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world.

Innovation 284

Innovation Company social media Operations 284