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 Netspend On How Increased Security Demands Spur Virtual Card Adoption

PYMNTS

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

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Deep Dive: Safeguarding B2B eCommerce And The Corporate Customer Experience

PYMNTS

Business identity theft is used to launch everything from purchasing plan scams to tax and credit card application fraud, and it caused an estimated $137 million in damages in 2017. False Positives and Data Security. No anti-fraud strategy is a cure-all, however, and even security measures bring risks.

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Cryptos Fall Following Raid On South Korean Exchange

PYMNTS

Your assets are kept securely in your account.” By comparison, the cryptocurrency’s value was around $7,600 in February, a level that represented a new two-month low. UPbit services, such as all transactions and withdrawals, are operating normally. Following the news, bitcoin dropped 5.5 percent to a little over $8,500.

Bitcoin 101
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Pay No Heed To These Money Management Myths

BankBazaar

Myth 2 – Credit Card Balance Is Good For Your Credit Score. Nopes, while keeping your Credit Card active is wonderful for your Credit Score , not clearing your balance is not the best thing to do. Additional Reading : Credit Cards – The Myth And The Legend. Additional Reading : Tax Deduction Myths Busted For You.

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Sovereign Gold Bonds – What You Need to Know Before Investing!

BankBazaar

While interest received on gold bonds are subject to tax, the capital gains tax on redemption of SGBs (if held till maturity) are tax exempt; a clear benefit over physical gold. It’s also noteworthy to mention that SGBs carry a low risk of theft in comparison to physical gold. Tax Implications.

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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 year-over-year, respectively).

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Faster Payments: Does The Fed Have A Hidden Agenda?

PYMNTS

Connecting these two dots suggests a few important things that, for banks and card networks, might be the 2020 hindsight that could have come in handy had they stopped to look backwards a few years ago: That the Fed has much more than a passing interest in how faster payments are run in the U.S. A Couple of Important Dots. as of January 2019.

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