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Study: More People Fall Prey To Fraudsters Online Than By Phone

PYMNTS

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. Researchers found that the majority of consumers fell prey to scammers on legitimate websites and social media. .

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Card-Linking Transaction Loyalty Sees Surge

PYMNTS

It appears that more and more consumers are getting better connected with loyalty programs by linking their cards to them. “Card-linking has a network effect, and it is accelerating,” stated Silvio Tavares, CardLinx president and CEO, in a press release.

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10 Questions Banks Should Ask About Their Digital Account-Opening Capabilities

Perficient

When customers can apply for the Apple Card, for example , and receive approval and begin using it in minutes, patience with financial institutions that take longer will wear thin. What information is easily obtainable via social media, making it less useful for KYC and security purposes? Do you need to ask all the questions?

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How Merchants Can Tap Into Cash Back Promotions

PYMNTS

Merchants can capitalize on word-of-mouth marketing through cash back platforms such as DOSH that encourage social media sharing. These platforms reach consumers by reinforcing a behavior that consumers already exhibit — shopping with their credit and debit cards — while giving merchants valuable data. Social Media.

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Personal Finance Fails (and How to Fix Them)

BankBazaar

The “Desi Dream” Debt Trap I remember the time I maxed out my Credit Card buying that “designer” lehenga for my best friend’s Shaadi! There was also the time I convinced myself a weekend getaway to a luxurious (read: expensive) resort was a great idea – until the Credit Card bill arrived. But beware!

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The rise of Monzo, Revolut, and Starling and a comparison of Facebook and Whatsapp

Lex Sokolin

In American terms, you should think of Visa or MasterCard as a comparison, or maybe American Express. Arguably, Monzo is the most fragile of the three players despite having a banking license for 2 years and having converted 94% of its prepaid card customers into current accounts for deposits and lending. It’s not impossible.

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Chick-fil-A And The Power Of Payments Innovation

PYMNTS

Unsurprisingly, fast food patrons immediately began warring on social media about whether or not the results could be trusted. People on social media will engage in online debate for almost any reason — sometimes no reason at all. By comparison, there are more than 150 McDonald’s. It’s a contentious question.