Google, Amex roll out anti-fraud tool
Payments Dive
FEBRUARY 7, 2023
Amex is the latest card company to tap a Google virtual card service aimed at increasing the security of online payments.
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PYMNTS
NOVEMBER 27, 2020
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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PYMNTS
MAY 18, 2020
The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards. ” He said the new program provides a new layer of protection to mitigate losses for all parties.
PYMNTS
DECEMBER 16, 2020
Tools like virtual cards are now drawing interest as businesses look for transaction methods that can deliver more speed, cost savings and transparency. Wells Fargo is taking heed of corporate interest in virtual cards and has launched its own digital supplier payment tool. IBM Payments On The Future Of Virtual Cards.
PYMNTS
OCTOBER 1, 2020
The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.
PYMNTS
OCTOBER 19, 2020
American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. Coupa Pay, the Coupa B2B solution, will be available for customers of AmEx's virtual cards, in a move meant to streamline the old payment processes which the release calls "outdated, complex, and inefficient.".
PYMNTS
NOVEMBER 30, 2020
Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.
PYMNTS
OCTOBER 1, 2020
As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. Last week, Mastercard expanded its Digital-First Card Program to access card data in a speedy, secure manner.
PYMNTS
SEPTEMBER 16, 2020
There will be new electronic banking feeds for corporate cards and automated receipt generation to help streamline back-office accounting processes. Digital spend management tools could offset some of the damage. Ali Jani , chief product officer with Acumatica, touted the ML capabilities as particularly enticing for users.
BankBazaar
APRIL 19, 2024
Confused by Credit Card jargon? This blog post is your saviour, translating complex Credit Card terminology into plain English. Dive in and learn to speak the language of Credit Cards – without getting lost in translation! Payment Due The date by which the payment must be received by the Credit Card issuer to avoid late fees.
PYMNTS
JANUARY 19, 2021
This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards. Another study found that 55 percent of U.S.
PYMNTS
JUNE 28, 2020
Billtrust , which works with B2B order-to-cash solutions and accounts receivable automation, has expanded its tools to boost email billing, expand digital payments and accelerate cash flow, according to a press release. The company’s new solutions will help to aid remote workers during the pandemic, according to the release.
PYMNTS
JANUARY 14, 2020
In financial services, demand for ease of use and security are sky-high, even for business customers. The cloud has emerged as an essential tool to enable financial service providers to digitize and remain agile enough to provide the kinds of convenient, responsive services and products their customers require.
PYMNTS
MAY 8, 2020
Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Ahn added that over the summer months, Samsung Pay will introduce a tool to help people better manage their financial lives. NFC works with digital wallets and powers contactless payments.
PYMNTS
MAY 5, 2020
In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.
BankBazaar
JANUARY 25, 2024
What have your Credit Card ’s ancestors been up to? There’s probably nothing new we can tell you about the Credit Card. Today, we’re aiming at remedying that, so we’re all left with a new-found respect for our spend-friends and who knows, maybe it’ll just inspire us to go find the right Credit Card to fit our finances!
PYMNTS
MARCH 18, 2020
That’s because things that seemed like add-ons when it came to digital banking even five years ago — card controls, instant virtual card issuance, self-service security, mobile deposit capture — are now table stakes. “In Cards — debit or credit — they say, are not really their core business.
PYMNTS
JANUARY 27, 2021
The pandemic has upended many consumers’ financial lives and typical purchasing behaviors, leading them to reconsider their go-to payment tools. Even consumers who are feeling more financially secure may want to tap new tools to help them maintain their good financial standings and stay in control of their budgets.
PYMNTS
DECEMBER 9, 2020
As corporate card innovation accelerates, new paths to adoption emerge. Visa To Support USDC Card Payments. Visa To Support USDC Card Payments. Dollar Coin (USDC), Visa is reportedly planning to support USDC payments via its corporate card products. Adflex Drives Card Adoption Within Supply Chains.
PYMNTS
APRIL 27, 2020
As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in their wallets or the digital versions stored on their browsers and mobile devices. More than ever, credit cards are becoming the coin of the realm in the global connected economy.
BankBazaar
NOVEMBER 20, 2023
W e won’t change our ways; hence the onus is now on Credit Cards to make our lives simpler. Somebody said, ‘Make my life easy’, and Credit Cards appeared out of nowhere. Though that’s not how they came into existence, we’re certain that Credit Cards do indeed make our lives easy.
PYMNTS
NOVEMBER 27, 2020
Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.
PYMNTS
DECEMBER 9, 2020
Many of the tools that have traditionally been used to track payments and manage spending have now fallen out of step with what businesses currently need in today’s digital environment. so having a system or tool that makes it very simple to. Bringing Virtual Cards To A Virtual B2B World.
PYMNTS
OCTOBER 5, 2020
Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities.
PYMNTS
FEBRUARY 3, 2020
Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.
PYMNTS
SEPTEMBER 22, 2020
For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. As such, online shopping for small retailers must be streamlined, efficient, and most importantly, secure. Visibility And Security. And we ascribe that to the credit card company offering net-30, plus points.".
PYMNTS
JANUARY 23, 2019
Mooncard, a France-based FinTech that provides businesses with payments cards and expense management solutions, has announced $5.7 Mooncard combines a physical card solution with a digital expense management platform to streamline the spend management process for businesses. Separate reports in La Tribune on Tuesday (Jan. In the U.S.,
PYMNTS
NOVEMBER 23, 2020
23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .
PYMNTS
JUNE 10, 2019
Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit. As reported Monday (June 10), the card, known as “Amazon Credit Builder” will let users build up their credit profiles through the use of a secured card, and the firms also will offer budgeting tools.
PYMNTS
AUGUST 26, 2019
Cash-out scams, he noted, used to be about harvesting thousands and perhaps even hundreds of thousands of gift and prepaid cards in a heist. What was once limited to defrauding retailers at the physical point of sale with counterfeit cards is now digital, and accomplished by a variety of methods.
PYMNTS
JULY 15, 2020
CIBT , which works in global immigration and visa services for both corporations and individuals, has announced an integration with Conferma Pay for virtual cards and streamlined business travel payments, according to a press release. They can charge specific amounts to the virtual cards for payment for visa services.
PYMNTS
DECEMBER 21, 2020
Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. That option, which extends to commercial cards , is being presented by Singapore-based CardUp.
PYMNTS
APRIL 2, 2020
The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.
PYMNTS
SEPTEMBER 9, 2020
Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. How Music Retailers Can Harmonize Security And Seamlessness. Around The Next-Gen Debit World.
PYMNTS
NOVEMBER 20, 2020
Employees’ payment preferences and access to financial tools can vary, however. . Firms recognize that not all employees can receive payments into bank accounts, and these companies must therefore provide secure, convenient alternatives. These tools also appear to be receiving more corporate attention. based organizations, 41.2
BankBazaar
NOVEMBER 3, 2023
One such financial option gaining popularity is the “Loan Against Credit Card.” Requesting the Loan : Once eligible, you can request a loan against your Credit Card through your issuer’s designated channels, such as the website, mobile app, or customer service hotline.
PYMNTS
OCTOBER 30, 2020
Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. These solutions are not one-size-fits-all, though, and companies must select their tools with care.
PYMNTS
MAY 5, 2017
Visa , the credit card issuer, announced Thursday (May 4) that it will help its financial institution partners create customized digital card management services for their customers. In a press release, Visa said as the Internet of Things (IoT) grows, consumers put their cards on file and implement recurring payments in more places.
PYMNTS
JUNE 14, 2018
Smarter workforce management tools with flexible controls can relieve workers of this dilemma, offering organizations a safer way of disbursing disaster relief funds. Our evolution after a disaster is cash to PEX [payment card] to credit card.”. Faster Payments for Disaster Relief. Managing Emergency Money.
PYMNTS
JUNE 24, 2020
With corporate travel still on pause, commercial card innovation has taken a different direction. This week’s look at the latest initiatives explores how FinTechs are wielding the corporate card in ways other than business trips, from accessing credit for accounts payable to financing employee lunches. Nium Uses Cards For Credit.
PYMNTS
DECEMBER 10, 2020
Phalen, along with Conferma Pay CEO Simon Barker , recently spoke with Karen Webster about what today's finance chiefs need in a B2B payment solution, and how mobile-based virtual card technology can address end-users' demand for an optimal experience while also meeting CFOs' new requirements. Balancing Consumerization With Security.
PYMNTS
FEBRUARY 5, 2020
FinTech unicorn Airwallex is partnering with Visa to introduce a borderless card for businesses, the companies announced on Wednesday (Feb. The Airwallex Borderless Card is being debuted in Australia after being introduced at the innovation festival Pause Fest 2020 taking place in Melbourne Feb. and Hong Kong.
PYMNTS
JANUARY 29, 2020
Commercial cards continue to explore more use cases to optimize spend for businesses, from accounts payable (AP) to employee travel and expense management. Increasingly, the corporate card industry is also looking at ways to take advantage of the unique challenges in particular industries. Mastercard Expands EU Biz Card Offerings.
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