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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The pandemic has fundamentally changed the lives of working professionals across the United States — possibly for good.

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Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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Top News In Payments: TCH Increases RTP Threshold; Verizon Teams With Synchrony For Card

PYMNTS

In today’s top news, The Clearing House (TCH) is increasing the value limit for general transactions on the TCH-operated real-time payments (RTP) network, Verizon is working with financial firm Synchrony to put out its own consumer card and the United States is moving to get tough on the sale of counterfeit merchandise through eCommerce.

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Merchants, Online Fraud And The 3DS 2.0 Reset

PYMNTS

That] keeps them from getting in trouble with the card brands, and obviously avoids the significant costs that come along with fighting, investigating and resolving chargebacks. s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem.

Fraud 221
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With $640M Deal, Equifax 'Kounts' The Ways To Combat Online Fraud  

PYMNTS

That network, in combination with Equifax, will use advanced technologies to connect data “signals” that stem from 32 billion online interactions, five billion annual transactions and 17 billion unique devices across the globe, as the company said in its announcement tied to the acquisition. The deal is anticipated to close in Q1 of 2021.

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Visa, Open Debut Credit Card For India SMBs

PYMNTS

Visa and its India FinTech partner, Open , are rolling out their joint credit card product for small to medium-sized businesses (SMBs). 11) that Open, which operates a small business banking and financial services platform, announced the Founder’s Card, the result of its existing partnership with Visa.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In Ideally, we’d want to be a financing partner for every buyer relationship that they have in the United States,” Shoihet said.