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New Data: Twice As Many Online Shoppers Believe Credit Cards Are More Secure Than Debit Cards

PYMNTS

It is well known that shoppers tend to behave differently online than they do in brick-and-mortar stores — and this extends to how they choose to pay at checkout. One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards.

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Security Demands Spur Virtual Debit Card Adoption

PYMNTS

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

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 Netspend On How Increased Security Demands Spur Virtual Card Adoption

PYMNTS

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Virtual Card Payment Trends.

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How FIs Counter Online Debit And Credit Card Skimming

PYMNTS

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

When online shopping, if a retailer has a partnership with a BNPL platform, the customer can choose it as their payment method when placing their order at checkout. But, the reality was, even though I felt more financially secure, I wasn’t technically in any less debt than I would have been had I just bought the shoes outright.

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How Radius Bank Is Tapping Mobile, Digital Card Issuance To Keep Debit Transactions Secure

PYMNTS

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms.

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Deep Dive: How 2020’s Fraud Trends Will Shape Security Measures Going Forward

PYMNTS

Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. The higher volume of online delivery orders experienced during the pandemic has made this scheme harder to spot and easier to execute than ever before.

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