Category: E-payment & Security

January 30, 2023

Layoffs abound in the crypto world, as they have since early May. The year switched anew on the calendar, yet the sector gets no “new year, new me” shift: More than 26,000 jobs were lost in crypto in 2022. By […]

January 23, 2023

As card giants, payments processors and fintechs report quarterly results in coming weeks, the reports will show how a difficult economy has impacted their customers. Over the next five weeks, card issuers and networks, fintechs and payments processors will share […]

January 20, 2023

Credential stuffing is a persistent threat. The form of attack exploits valid credentials stolen during a breach or purchased on the dark web, often in bulk. The damage from credential stuffing can multiply and flow downstream because many individuals reuse […]

January 13, 2023

Austin, Texas-based Oracle touted the new feature as a kind of one-stop-platform for retailers, where they can process payments, oversee inventory and manage staff. The company also argued that the services will be a less expensive alternative in the marketplace, […]

January 13, 2023

PayPal’s Xoom has offered money transfer services domestically since 2020 and expanded its cross-border capabilities last year. Now, it’s speeding up the delivery of the payments with an assist from Visa’s real-time system called Visa Direct. Xoom’s debit card deposit […]

December 28, 2022

Not long ago we received a raft of emails from readers expressing concerns that eBay was requiring them to upload images of their driver’s license. “eBay is now requiring a photo id along with all of the information I have […]

November 29, 2022

The slower growth at San Francisco, Calif.-based Visa comes as the U.S. braces for a possible recession, with consumers tightening their budgets in the face of inflation and companies cutting back on jobs and expenditures. Still, higher prices work in […]

November 28, 2022

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts. To that end, one new service the company is testing is a teen account for users […]

November 21, 2022

Visa President Ryan McInerney will not be short on growth goals when he takes over as CEO of the global card network giant Visa next year. When McInerney spoke at a recent bank conference he uttered the word “opportunity” more […]

November 18, 2022

Mobile banking apps revolutionised how we bank today. Some 62% of consumers now conduct most of their regular banking activities on apps. But though users admit there are plenty of benefits to using banking apps, the majority remain concerned about […]

November 1, 2022

“Honeywell Smart Pay gives sales associates and service employees the power to finalize payments on-the-spot in retail, parcel delivery, public transportation services and other businesses where mobile payment can be used,” the company said in the release. Nonetheless, it’s a […]

October 31, 2022

There’s no escaping the fact that financial services technologies often bring with them new ways for fraudsters to commit cybercrimes. And with the growing popularity of open banking, which allows third-party financial service providers to gain access to consumer financial […]

October 31, 2022

The P2P tool addition is part of Jack Henry’s bid to keep expanding its technological capabilities and tools for its community and regional bank clients. The company introduced this tool to enable banks and credit unions to provide a safe […]

October 28, 2022

Mastercard reported an increase in third-quarter earnings as the second-largest card network company benefited from its investments in the payments sector. During the company’s earnings conference call Thursday, Chief Executive Michael Miebach noted the company’s “focused execution” of Mastercard’s strategy […]

October 24, 2022

As valuations of consumer-focused buy now-pay later (BNPL) companies fall amid concerns of a potential recession, many investors and fintech startups are redirecting their attention to BNPL for businesses, or B2B BNPL. Businesses, it would seem, are a much more […]

October 20, 2022

Republican ire is spooling up over what digital payments company PayPal called an error in the post of a user policy that threatened to debit users’ accounts if they shared ”misinformation.” A group of Republicans, including two ranking committee members, […]

October 17, 2022

If a Zettle rollout in the U.S. sounds familiar that may be because PayPal launched its Zettle reader in the U.S. last year. While a reader accepts cards and contactless payments, it has to be paired with other devices, such […]

October 14, 2022

Commerce tied to creators, whether they be artists, musicians or gaming developers, is a rich target for Visa. The industry includes some 50 million professionals generating an estimated $100 billion, a spokesperson for the company said. The new program resembles […]

October 5, 2022

Rabinovitch’s recent appointment marks her second stint this year as interim CFO for PayPal. Until Jorgensen joined, Rabinovitch temporarily replaced long-time PayPal CFO John Rainey after he left to take the financial reins at Bentonville, Arkansas-based Walmart. In addition to […]

October 4, 2022

The rapidly increasing pace of change and need for code in many industries, including banking, has driven major growth in two alternatives to traditional software development: “low-code” and “no-code,” according to Steve Cocheo, executive editor at The Financial Brand. Low-code […]