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How Swap.com Kept Fraudsters From Ruining Christmas

PYMNTS

Experts predicted that online commerce over the holidays would increase 35 percent from the previous year, while brick-and-mortar retail sales were expected to decline by 4.7 percent — a large jump even considering the gradual, long-standing trend toward increased online commerce. It turns out there was a big data breach. …

Fraud 143
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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

Fraud 178
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Nectar Sleep Beds Down With Mattress Warehouse; Starbucks Expands Delivery With Uber Eats

PYMNTS

At the same time, it was reported that Target — and other brick-and-mortar retailers — were introducing online and exclusive brand offerings as younger shoppers default to digital-first brands. Then, in 2018, Pop-In@Nordstrom partnered with Casper to bring pop-up stores to select Nordstrom locations and online.

Apple 109
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Mobile Payments: Samsung To Tackle Africa And Google The App Landscape

PYMNTS

Miami Transportation To Offer Mobile Payments. Taking a page out of the copy book of the London Tube, where contactless payments have skyrocketed, the Miami-Dade County’s Department of Transportation and Public Works has signed a $33 million contract with Cubic Transportation Systems to install contactless and mobile payments.

Samsung 100
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Fintech Fundings: 28 Companies Raise $400 Million Week Ending May 20

Fintech Labs Insights

Consumer credit card management. Online cap table management. HQ: Miami, Florida. Tags: SMB, merchants, acquiring, credit/debit card processing, hospitality, restuarants, underwriting, POS. Source: Crunchbase. Tally Technologies. Latest round: $15 million Series A. Total raised: $15 million. Source: Crunchbase.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Security Bank Midwest. Security Bank. Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. Two years ago, Lead Bank and Self expanded the program to include a secured credit card.

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From Payment To Pavement: The Challenges Of Bikesharing

PYMNTS

A successful platform in Miami, Florida may flop in Dallas, Texas, while the one that worked in Dallas likely wouldn’t work in Brazil. Latin America presents a particular challenge in that respect, due to the regionally low credit card penetration rate. However, Yellow did go the extra mile in terms of security features.

Payments 130