PYMNTS

JULY 17, 2019

The deadline is looming for merchants and payments providers to comply with new requirements for authenticating online payments in Europe. Firms must soon put more stringent fraud decisioning processes in place, and strong customer authentication (SCA) protocols must be built into checkout flows for online transactions that begin in Europe.

Retail 162

Retail User Experience Compliance Regulation 162

PYMNTS

JULY 1, 2019

When it comes to the new and emerging legal cannabis industry – along with the closely related trade in CBD products – payments and compliance issues, as one can imagine, have tremendous importance, and companies are striving to get into the game via those angles. While CBD does not get people high, it does reportedly relieve stress and pain.

Compliance 167

Compliance Industry Payments Policies 167

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. The final rule will be effective July 1. Given this continued uncertainty, I do not support the final rule.”.

Regulation 78

Regulation Cards Community Bank Community 78

PYMNTS

MARCH 27, 2019

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – In that spirit, most consumers understand the need for a relatively involved onboarding process when first signing up for an online gambling site or service. the first March Madness since the U.S.

Online 115

Online Regulation Compliance Security 115

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. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. Merchants pay $3.13 per lost dollar on average, which marked an increase from $2.94

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

MARCH 1, 2019

That behavior can sometimes lead to challenges for the retailers and services that want to engineer customer loyalty and drive sales. Retailers must also make sure they’re properly verifying the payment and personal information of these new customers, without adding friction to the buying experience. About the Tracker.

Online 155

Online blockchain Retail Massachusetts 155

PYMNTS

DECEMBER 13, 2019

Online delivery services might levy taxes on food charges, or on the combined total of the amount charged for the food, fees and delivery charges — resulting in significantly different taxes collected. There’s the standard model illuminated by the local pizza shop: Pick up the phone, place the order and charge the amount to a credit card.

Taxes 131

Taxes Online Policies Florida 131

PYMNTS

JANUARY 14, 2021

The process of B2B procurement between diamond vendors and jewelry retailers is often stuck on legacy processes like phone calls, emails and paper check payments, creating the same kinds of bottlenecks and inefficiencies that plague other markets. A B2B eCommerce Evolution. The diamond sector isn't a total stranger to digital procurement.

Industry 204

Industry Strategy Retail Trends 204

PYMNTS

NOVEMBER 13, 2020

Managing inventory, B2B payments and a plethora of food and beverage vendors can be a headache for any kind of restaurant, bar or retailer. Retailers that sell alcohol must be able to understand exactly which products they have in stock, and which products are generating the most revenue for the business.

Industry 219

Industry Payments Retail Regulation 219

PYMNTS

AUGUST 9, 2019

Many European merchants are grappling with unanswered questions regarding PSD2 Strong Customer Authentication (SCA) compliance, even with the regulation’s implementation nearly a month away. The association includes retail members all across Europe, including Carrefour, Coop and Amazon. Their views weren’t taken into account.

Compliance 108

Compliance Retail Cards Online 108

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

NOVEMBER 10, 2020

Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks. Each $1 of fraud costs retailers $3.13. . Getting the European Union on the path to 3D Secure 2.0

Security 233

Security New York Atlanta Fraud 233

Bank Innovation

FEBRUARY 25, 2019

Security firm Gemalto will offer biometric EMV payment cards to its bank customers using biometric company Fingerprint Cards’ T-Shape sensor and licensing its recently-launched Biometric Software Platform for payments. Gemalto’s roughly 300 digital banking […].

Cards 170

Cards Payments Software Digital Banking 170

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016. In Q1 of this year, there was a 200 percent increase in credit card testing, up from 2016.

Fraud 150

Fraud Data Cards Retail 150

PYMNTS

JULY 15, 2020

Merchants “have had to pivot, quickly, to an online presence,” noted Bayliss. Among the biggest challenges has been compliance, as so many organizations have had to have call centers , back-end operations and fraud teams work from home. . They may test cards, or not. Lying In Wait .

Fraud 250

Fraud Course Online Data 250

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

AUGUST 23, 2019

Dutch payments processor Adyen showed significant double digit, first half gains, driven by online commerce and global business from mid market firms. Corporate eCommerce card company Brex recently announced a partnership with leading SaaS eCommerce platform BigCommerce. Brex Teams With BigCommerce To Offer Merchant Financing.

Marketing 116

Marketing Millennials Payments Compliance 116

PYMNTS

JULY 1, 2020

SMBs around the globe are dealing with an unprecedented surge in online payment volumes as consumers eschew in-store payments for eCommerce transactions that lack the risks of in-person contact. One study found that card-not-present (CNP) transactions rose 29.7 One study found that card-not-present (CNP) transactions rose 29.7

Regulation 160

Regulation Payments Study Online 160

FICO

FEBRUARY 12, 2018

For all the talk in the UK about disruptors and fintechs and new entrants to the credit market, and about how banks and card issuers need to manage customers in arrears, there’s one group that seems strangely absent from this focus: retailers. It is estimated over £200 billion of UK household debt is in unsecured retail credit.

Retail 63

Retail Management Analytics Compliance 63

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. Around The AML/KYC World. Find more on these and other recent headlines in the Tracker.

Video 161

Video Fraud Compliance Security 161

PYMNTS

OCTOBER 10, 2018

has tapped Adyen for online and in-store payments in Europe , and the Bangalore Metro Rail Corporation in India is at work on a quick response (QR) code ticketing system. The company said that growth of its bank payout network and investments in compliance controls has paved the way for the offering. In addition, Gap Inc.

Metro 155

Metro Payments Training Cards 155

PYMNTS

DECEMBER 23, 2020

We’re all consumers of media, of content, of subscriptions — and we do it all online, which means we pay for it all online. Merchants can change on a dime, really, and go out and make an adjustment to how they're going to conduct eCommerce and accept payments either online or in the physical space," said Evans.

Company 274

Company Payments Fraud Online 274

PYMNTS

JUNE 24, 2016

But Facebook got the jump on the news cycle this week with the big news that it was opening up Facebook Canvas for retailers and other marketers on the site, as opposed to just advertis e rs. So, providing retailers with a new storefront in an ecosystem of 1.5 Online to offline coming to Walmart near you, and we mean that sincerely.

Lending 101

Lending Online South Dakota North Dakota 101

PYMNTS

JUNE 18, 2020

Credit cards typically contain a chip or require a PIN. But this has not been true for online transactions. Meanwhile, the Financial Conduct Authority , an independent financial regulatory body in the United Kingdom, has moved its SCA compliance date to September of next year, in part, due to the mayhem caused by COVID-19. .

Groups 131

Groups Regulation Fraud Security 131

Payments Source

MAY 30, 2019

Payment network tokenization should sound appealing to every online retailer because it relieves friction and releases them from much of their risk, liability and compliance burden.

America 100

America Compliance Online Retail 100

PYMNTS

NOVEMBER 7, 2019

Each country has put a unique twist on SCA, which means PSPs are now juggling fraud developments, individual regulatory concerns, protection needs and unsuspecting consumers and retailers in each European market. One-third (32 percent) have not taken action compared to 82 percent of retailers in France, Spain and the U.K.

Regulation 123

Regulation Survey California Retail 123

PYMNTS

APRIL 26, 2019

Visa’s newest APIs will help those within the Visa ecosystem to create digital cards on demand and add digital services. Is Apple Card Already Changing Payments? Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. Welcome to the PYMNTS Weekender. We hope you enjoy.

Bitcoin 175

Bitcoin Apple Cards Compliance 175

Bank Innovation

DECEMBER 16, 2019

The man was struggling to pay his bills, and an online lender had offered him a personal loan to pay off some 10 credit cards. Lara Briehl had a desperate client who was itching to accept an offer. Accepting, he thought, would help him escape crushing debt. The interest rate offered, however, was about 10 […].

Fintech 259

Fintech Cards Online Lending 259

PYMNTS

JUNE 13, 2019

As noted in Retail Dive, the two companies said in a press release that Visa banking and FinTech partners will have the option to use Currencycloud’s cloud-based payments platform. Those options span vouchers, eWallets, as well as online and offline banking. Separately, and beyond the U.S.,

Charlotte 189

Charlotte Payments Taxes Compliance 189

PYMNTS

MAY 29, 2019

The services have been launched in association with Central Department Store, one of the largest department store chains in Thailand and Western Union’s first agent in the country, providing global money transfers at their retail locations for nearly 25 years,” the company said. They can also use the Western Union mobile app.

Mobile 188

Mobile Regional Innovation Compliance 188

PYMNTS

NOVEMBER 22, 2018

New rules mean new compliance activities, which, of course, mean additional compliance costs for these stakeholders — as much as $489 million. Now comes the tipping point, said the industry group, where the ATMs may simply shuttered, ostensibly as the aforementioned compliance costs are too great to bear. “

ATM 187

ATM Payments Compliance Google 187

PYMNTS

SEPTEMBER 16, 2019

Possession can refer to the chip inside of a physical debit card, for example, while inherence refers to things that are even more personal — such as fingerprints. Online merchants could collectively lose approximately $57 billion in 2020 due to SCA adjustments.

Technology 116

Technology Customer Experience Cards Regulation 116

PYMNTS

JANUARY 12, 2021

The advantages of outsourcing the back-end integrations and compliance issues tied to, say, international markets can accrue swiftly to corporates’ bottom lines, free up resources and streamline back-end processes.

Payments 153

Payments Compliance Technology Taxes 153

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. By helping to lead the development of 3DS 2.0,

Security 192

Security System Fraud Tools 192

PYMNTS

SEPTEMBER 27, 2019

Global consensus over how such tax policies should be enacted has yet to materialize, however, and disagreements among laws create confusion and greater compliance work for businesses. These companies are requiring banks to remit taxes for online purchases customers make with cards that the FIs have issued. About the Tracker .

Taxes 109

Taxes Trends Policies Compliance 109