Independent Banker

AUGUST 31, 2022

Social payments methods like Venmo and Cash App continue to grow in popularity, and the data is there to prove it, creating an opportunity to give customers what they want: 24/7 access to cashless, P2P and mobile transactions. So how do social payments fit in community banks’ long-term future? Illustration by Filo/iStock.

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PYMNTS

JUNE 21, 2019

Southwest Airlines is introducing a credit card for small business owners aimed at enhanced travel rewards. Business Insider reported Thursday (June 20) that Southwest announced the Southwest Rapid Rewards Performance Business Card, offering small business users 80,000 Rapid Rewards points when they spend $5,000 in the first three months.

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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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Abrigo

JANUARY 4, 2023

Although yet to be considered mainstream by most, cryptocurrency as an investment and payment method has become more commonplace. The Federal Bureau of Investigation (FBI) states that crypto is becoming the preferred payment method for many types of scams—and not just on the dark web, where crypto is used to fund illegal activity. .

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Banking Exchange

NOVEMBER 11, 2019

Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.

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PYMNTS

JUNE 8, 2017

The more connected devices consumers have, the more concerned they are about the security of their financial information. Today’s shoppers want the transparency of being able to verify that they’ve been charged the correct amount, and many aren’t willing to trade this security for the convenience of auto-payments.

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PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Capital One stressed that credit card account numbers and log-in credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

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PYMNTS

NOVEMBER 16, 2020

As consumers turn to more digital, rather than customer-present interactions, it changed a lot of the ways consumers are interacting with payment systems,” Ragan told PYMNTS. We’re seeing a significant uptick in social engineering activity,” Ragan added. At The Consumer Level. At The Consumer Level.

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PYMNTS

DECEMBER 5, 2018

That’s what led him to Goodworld, an online platform that removes the friction from digital donations, making them possible (and secure) by using hashtags. Payments Facilitator. When asked to explain the Goodworld model, Gossart told Webster that “we are a social payments platform, but really a payments facilitator.”

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PYMNTS

JULY 27, 2017

Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping the retail world spinning. In other U.S.

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PYMNTS

SEPTEMBER 30, 2019

A recent study about how people respond to scammers shows that consumers are more likely to become victims on social media and online marketplaces than over the phone, The Wall Street Journal reported on Sunday (Sept. Researchers found that the majority of consumers fell prey to scammers on legitimate websites and social media. .

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Accenture

OCTOBER 9, 2017

In part one of my blog on atomizing payments, I explained how payments volumes are likely to expand 25 times or more in the future, resulting in trillions of new payments. In part two, I explain a precedent for this atomization and its implications, and how the payments industry needs to prepare.

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PYMNTS

NOVEMBER 19, 2020

A sitting member of the Monetary Policy Committee, Haldane said that introducing a digital currency could lead to something closer to “narrow banking,” where safe payments are separated from “banks’ riskier credit-provision activities.”. The future of digital currencies, Haldane said, is uncertain and most likely varied. “If

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PYMNTS

APRIL 5, 2019

Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.

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PYMNTS

DECEMBER 18, 2020

Most customers bypass restaurants entirely when trying to perpetrate chargeback fraud , with 76 percent of cardholders going directly to their payment card issuers. These scams consist of fraudsters placing ads for discounted food on social media and asking consumers to pay them directly.

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PYMNTS

SEPTEMBER 25, 2020

Mastercard Expands Digital Card Program To Include Instant Access, eWallet . Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. HSBC To Staff: Stay Off Bank’s Social Media Accounts . Have A Credit Card In Your Purse?

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PYMNTS

JUNE 13, 2019

billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data. The Drawbacks of Complex Security. AI Solutions for Balancing Security and Convenience. More than 4.5

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Bank Innovation

JUNE 14, 2018

Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

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PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. This month’s Deep Dive examines the critical and delicate balancing act companies face to gain new subscribers while pushing back against account and subscription payment fraud. Consumers are advised to call billers or card providers directly to stop such charges.

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PYMNTS

MAY 3, 2017

While there are plenty of tools that make it easier to get money deposited into a bank or debit card account, there aren’t many that make it easier to ask your friends or co-workers to cough up the cash when you pick up the tab after a night out. News from the World of Faster Payments. billion in fares. billion in fares. percent to 25.5

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PYMNTS

MARCH 5, 2019

A security researcher has discovered that hundreds of millions of private chat logs from Chinese users were exposed on the internet. The databases were secured after Gevers reported the issue. The database could be accessed online by anyone who searched for its IP address, and exposed photographs, addresses and locations.

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PYMNTS

MAY 3, 2018

Expanding upon its in-app commerce efforts, Instagram has quietly introduced a native payments feature. With the new functionality, users can register a credit or debit card and make payments within the social media platform after setting up a security PIN, TechCrunch reported.

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PYMNTS

OCTOBER 5, 2020

There are a few variations taking place through the popular payment tool, the report stated. One of them involves a person requesting payment through the app and, once it's made, the sender is blocked immediately. And, linking one's money transfer app to a credit card could make it easier to protect one's finances.

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PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them.

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PYMNTS

AUGUST 6, 2020

The company, based in Austin, Texas, has software that allows companies to manage eCommerce sales through markets like Amazon or on social media like Instagram. million shares, with the price range rising from $18 to $20 to $21 to $23, according to Bloomberg, which cited filings with the Securities and Exchange Commission.

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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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PYMNTS

JANUARY 31, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption.

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PYMNTS

NOVEMBER 12, 2018

Nordstrom has suffered a data breach that exposed employee names, Social Security numbers, dates of birth, checking account and routing numbers, salaries and more. Social media posts show that some former employees, who left the company months ago, have also received notification letters.

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PYMNTS

OCTOBER 1, 2020

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Merchants, their payment providers and their regulators must keep up,” per the new Guide.

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BankBazaar

JUNE 2, 2023

Since the RBI announced the withdrawal of ₹2,000 notes, questions and concerns flood social media platforms. In this article, we debunk common misconceptions, guide you through the process of exchanging ₹2,000 notes, and shed light on an alternative payment method that can ease the transition. Let us dive in!

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BankBazaar

JUNE 2, 2023

Since the RBI announced the withdrawal of ₹2,000 notes, questions and concerns flood social media platforms. In this article, we debunk common misconceptions, guide you through the process of exchanging ₹2,000 notes, and shed light on an alternative payment method that can ease the transition. Let us dive in!

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PYMNTS

FEBRUARY 13, 2019

In the highly connected digital age, consumers are interacting with a multitude of social media sites as well as apps and connected devices. Simply said, contextual commerce occurs when a consumer sees a product on a smart device or social media feed (and even a recommendation from a friend) and buys the product.

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PYMNTS

MARCH 19, 2019

Real-time schemes represent significant changes to the world’s existing payments infrastructure. Bad actors can utilize ATOs and application fraud to take advantage of real-time payments rails and access stolen funds. Understanding Real-Time Payments Changes. As such, it’s easy to understand the benefits of real-time payments.

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PYMNTS

SEPTEMBER 30, 2019

Contactless POS payments and ATM transactions will also work with Garmin Pay. “Central and Eastern Europe is a global leader in the development of contactless payments, and their huge success has created a demand for even more functionalities,” said Vanya Manova, Mastercard manager for Bulgaria, Northern Macedonia, Albania and Kosovo.

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PYMNTS

MAY 31, 2019

PYMNTS analyzed the latest megadeal in payments and trade war developments, and a Visa exec voiced skepticism about instant payments. Global Payments, TSYS Ink $21.5B Global Payments, TSYS Ink $21.5B Megadeals everywhere in payments? Global Payments has inked a deal to acquire Total Systems (TSYS) in a $21.5

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PYMNTS

MAY 25, 2017

In recent weeks, companies have rolled out several different types of Payments-as-a-Service (PaaS) solutions that are designed to help both online and brick-and-mortar merchants. News from the Payments-as-a-Service Landscape. To download the May edition of the PYMNTS.com Payments-as-a-Service Tracker™ click the button below….

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PopularBank

APRIL 18, 2024

Indeed, scammers in the modern age can target wire transfers, gift card offers, and payment apps alongside dummy debt elimination schemes or fake high-yield investment ventures. Charge your credit card instead of debit. Debit cards do not provide the same protection if you transfer money out of your account.

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