PYMNTS

NOVEMBER 19, 2020

Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts for small firms, Veem launches a domestic B2B payments tool and Billtrust embraces machine learning.

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social media Cards Data Payments 130

PYMNTS

FEBRUARY 6, 2020

Truckers were left with unfilled gas tanks nationwide after an outage to WEX commercial fleet fuel cards, reports indicated on Thursday (Feb. The WEX cards affected include TCH, T-Check, Fleet One and EFS. The EFS card is one of the most widely used fuel card providers for truckers in the U.S.

Cards 150

Cards social media System Operations 150

PYMNTS

FEBRUARY 13, 2020

Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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PYMNTS

MARCH 30, 2020

Customer loyalty and FinTech Paytronix wrote a blog post about the benefits of gift cards for restaurants, which can help ease the burden many are facing during the ongoing coronavirus crisis. The answer for many has been simple: Promote gift cards.”. Ultimately, remember to keep your message heartfelt and honest.

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Cards social media Guidelines Fintech 141

PYMNTS

OCTOBER 30, 2020

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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Cards Online Fraud social media 192

PYMNTS

MAY 26, 2020

million in grants, virtual training classes and new features to help promote SMBs across numerous apps owned by the social media giant, according to a press release. The social media giant announced in March that it would be spending $100 million on SMB grants worldwide. The first session will take place June 3.

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social media Training Operations Groups 183

PYMNTS

MARCH 19, 2019

Instagram , the photo and video sharing social media platform operator, is rolling out a trial of a new shopping program in which users can shop and check out within the app. Paige Cohen, a spokeswoman for Instagram, told Digiday the brands were chosen based on shopping performance on the social media platform.

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social media Branding Video Report 189

South State Correspondent

MAY 1, 2024

Leveraging social media, Gentle Monster started to get traction. These striking designs paid for themselves in media exposure. Many went viral on social media, which then captured the attention of A-list celebrities such as Beyonce, which further brought the brand to new heights.

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Innovation social media Branding Marketing 195

Abrigo

DECEMBER 17, 2019

Carding shops offer bulk sales on compromised payment card data. Carding shops are underground marketplaces that traffic in compromised payment card data. These marketplaces facilitate the movement of compromised payment card data from hackers to fraudsters, often across faraway geographies. Fraud Prevention.

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Fraud Tools social media Cards 307

PYMNTS

DECEMBER 16, 2020

Social media fraud has been on the rise during the past year. Such schemes entail fraudsters falsely advertising offers from restaurants on social media, then duping victims into paying for them and absconding with the funds. Developments From The Mobile Order-Ahead World.

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Fraud social media Mobile Trends 310

PYMNTS

NOVEMBER 24, 2020

Now we have a couple of dozen neobanks doing the same thing, calling a prepaid card a neo bank account,” he said, warning that in the same way that subtleties between prepaid and debit were misunderstood, so are the nuances between debit and credit. The same thing is happening with credit. dominated advancement, Wain said that is a mistake.

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Mobile social media Fintech Innovation 310

PYMNTS

JANUARY 28, 2021

Generating the funds to pay for their operations often requires novel strategies, however, as most of these organizations can no longer hold in-person galas and other fundraising events. Social media-based campaigns are also proving to be especially useful during the health crisis.

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social media Payments Tools Report 199

PYMNTS

JUNE 17, 2020

Both of these channels are thus perfect targets for fraud, with cybercriminals posing as restaurants on social media and attempting to scam customers of their personal data, and fake reviews driving customers away from restaurants.”. A solid fraud prevention solution is a QSR’s first line of defense against card testing attacks.”.

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Tools social media Fraud Mobile 141

Abrigo

JULY 13, 2023

A scam usually begins with online contact via social media or dating apps. Use the following list to educate your customers on best practices for protecting their assets: Verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites.

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PYMNTS

JANUARY 21, 2019

A new report has revealed that Fortnite’s in-game currency is being used to launder money from stolen credit cards. According to a report by The Independent and cybersecurity firm Sixgill , a hacker will access someone else’s credit card information, and then use it to create a Fortnite account and buy V-bucks, which is the game’s currency.

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social media Cards Security Fraud 211

PYMNTS

DECEMBER 5, 2018

Think about it: A person who makes a donation in the public sphere of social media might encourage others to do the same. This can serve as a powerful force when it comes to online charitable giving via social media. percent processing fee for card transactions as its cut, with processor Stripe getting 2.2

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social media Online Maine Payments 187

PYMNTS

OCTOBER 6, 2020

George Lee , chief operating officer of CCRManager , said while digitization is happening in small parts of the system, the worldwide network isn't collaborative enough to easily transition over to new ways of working.

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social media Groups Fraud Operations 160

PYMNTS

JUNE 19, 2020

The Mexican food chain operates 77 locations in eight states as well as 35 Rapid Fired Pizza restaurants. QSRs operate under strict public health sanitation codes, and they are accommodating social distancing measures for their dine-in operations in various ways.

Customer Experience 141

Customer Experience social media Ohio Operations 141

CFPB Monitor

AUGUST 8, 2022

The report explores the implications of recent innovations in the payments space that “may blur the traditional lines of banking and commerce” and focuses on “how large technology platforms and other emerging business models that operate outside of the traditional banking system use peoples’ sensitive spending and transaction data.”

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Report social media Payments Data 145

PYMNTS

DECEMBER 16, 2020

Southeast Asian super-app operator Gojek is launching its new GoBiz Plus point-of-sale (POS) technology for all-in-one-purposes for micro in addition to small to medium-sized businesses (SMBs) in Indonesia. Gojek Debuts POS System for Indonesian Merchants That Accepts Cashless Payments.

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Technology System social media Payments 240

PYMNTS

AUGUST 6, 2020

BigCommerce , which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO) for $216 million was priced above a target range, according to a report by Bloomberg. exchange for a company raising at least $100 million, according to Bloomberg’s data. 4) for $24 each.

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PYMNTS

NOVEMBER 19, 2020

Using social media, they would identify victims who might be in possession of cryptocurrency, obtain their phone numbers, transferr them onto new SIM cards, and then gain access to their emails through the forgotten password option. Freeman allegedly worked with five co-conspirators.

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Bitcoin cryptocurrency Online social media 222

PYMNTS

APRIL 15, 2020

In separate news, Standard Chartered has rolled out a banking as a service solution named nexus that will let online shopping operations, digital platforms, ride-hailing firms and social media sites provide loans, savings accounts and credit cards under their own brands.

Payments 193

Payments social media Online Report 193

PYMNTS

NOVEMBER 16, 2020

Schrems has already challenged Facebook in court twice, which resulted in the social media giant having to change the way it transfers data. With our complaints, we want to enforce a simple principle: Trackers are illegal, unless a user freely consents,” Noyb lawyer Stefano Rossetti said in a statement to the media. “We

Tools 153

Tools Apple social media Regulation 153

South State Correspondent

MAY 13, 2024

” These pre-crime events including emails, SMS, logins, website clicks, social media, banker conversations, and call center inquiries. More states require greater disclosure and control over what banks and card processors can charge. The law firm of Sidley Austin held a session on the CFPB’s uniqueness.

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PYMNTS

JULY 17, 2019

Its core card business and its commercial lending activity grew, leading to higher revenue numbers. One glaring expense was a significant increase in social media ad spending in the company’s efforts to find and attract new customers. The financial institution surpassed expectations last quarter.

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Capital social media Chicago ATM 108

FICO

JUNE 21, 2022

Credit Card Limit Optimization: Akbank Wins with FICO Analytics. Akbank, one of the largest retail banks in Turkey, has improved the way it makes offers to consumers for new credit cards and credit limit increases by leveraging mathematical optimization and action/effect modelling from global analytics leader FICO. by Nikhil Behl.

Analytics 52

Analytics Cards Strategy Regulation 52

PYMNTS

AUGUST 8, 2020

President Donald Trump has issued two executive orders in two days banning two Chinese behemoths from operating in America – and, in doing so, has created an infinite amount of questions. Card companies, of course, have been trying to capture at least some portion of an estimated $27 trillion payments market.

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US social media Apple Video 276

PYMNTS

MARCH 12, 2020

Standard Chartered has launched a new “Banking as a Service” solution called nexus that will allow digital platforms, eCommerce operations, social media sites and ride-hailing companies to offer credit cards, loans and savings accounts under their own brand name, according to a release. .

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social media Groups Marketing Strategy 167

PYMNTS

APRIL 17, 2020

The survey showed that 34 percent of businesses expect “reduced levels of business operations” due to COVID-19, 10 percent expect operations to be severely restricted, and 2 percent will cease business operations. The wild card here is the amount of small businesses that feed the revenue of ad words and social platforms.

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social media Survey Google Branding 188

PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. The company, which operates more than 815 stores in 57 countries, did not say which specific locations were affected.

Los Angeles 151

Los Angeles social media Millennials Retail 151

South State Correspondent

MARCH 23, 2022

Nubank started with a credit card offering, followed by deposit accounts, then lending, and then payments, investing, and insurance. Xpeers are customer support help reachable by phone, chat, social media, or email. Step 4: Reallocate Advertising Dollars into Customer Service.

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Branding social media Strategy Data 221

PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. Actors usually get around 70 percent of the face value of the card in bitcoin.”. million.”.

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Fraud social media Cards Bitcoin 163

PYMNTS

AUGUST 26, 2019

Sales via social media in Thailand more than doubled to 334.2 Further driving eCommerce in Thailand , Japanese chat app operator Line is set to launch an online grocery service in the country by the end of the year. billion baht ($10.92 The companies will also roll out integrated loyalty programs and tailored offers.

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Taxes social media Cards Mobile 139

PYMNTS

AUGUST 19, 2019

These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said. Separately, a federal grand jury has indicted a Maryland woman for allegedly bilking a Newark, Delaware medical practice of more than $320,000 through the use of a corporate credit card.

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Fraud Delaware Maryland social media 180

PYMNTS

AUGUST 25, 2019

Kohl’s is teaming up with the social media giant to uncover emerging brands that millennial shoppers consider cool. Kohl’s own curated lines will roll out in October with brands Adore Me and pop-up card designer Lovepop. Facebook-curated brands launch in 2020.

Millennials 133

Millennials Data social media Branding 133

PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237

Analytics Data Big Data social media 237