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Mastercard And Ethoca Help Merchants, Issuers Improve Online Transaction Clarity

PYMNTS

A new Mastercard initiative aims to improve online transaction clarity so that customers can know exactly who they purchased from, according to a press release Tuesday (Sept. Global chargeback volume, the study showed, will reach 615 million by 2021, largely coming from customers frustrated and disputing transactions, the release said.

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Mastercard Aims To Fight ‘Gobbledygook’ On Online Card Statements

PYMNTS

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. By 2021, we’re looking already at a cost of $8.6 billion related to chargebacks and disputes for the U.S.

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Mastercard On The ‘Digital-First’ Transformation Of Credit Cards Into Daily Money Management Tools

PYMNTS

The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.

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Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. She said 89 percent of B2B buyers are making more online purchases than last year.

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Onespan Publishes Top Ten Predictions for 2021 Focused on Financial Technology

Banking Exchange

OneSpan, one of the leaders in Financial Technology, released its 2021 Security and Fintech Predictions The Economy Technology Tech Management Outsourcing/Cloud Mobile Online Cards Branch Technology/ATMs Security Feature3 Fintech Financial Research Feature Financial Trends.

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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

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Deep Dive: Assessing And Tackling Debit Card Fraud

PYMNTS

Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.

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