With the rapid expansion of e-commerce comes an unwelcome guest: online fraud. Monica Eaton, CEO of Chargebacks911, cautions that cybercrime could cost a jaw-dropping $10.5 trillion globally by 2025. As criminals become more sophisticated, the retail sector scrambles to seal the breaches in their defenses. Traditional methods of protection are proving insufficient, propelling Artificial Intelligence (AI) and Machine Learning (ML)
In an increasingly contactless world, Apple has made a significant leap with its latest iOS 18 update, unveiling a feature that is poised to transform how we conduct everyday transactions. Dubbed “Tap to Pay,” this addition to the Apple ecosystem allows iPhone users to exchange Apple Cash with a simple tap of their phones against each other. This gesture-based payment
The landscape of bill payments has undergone transformative changes with the advent of online systems. Yet, a considerable segment of the population still clings to traditional methods. Understanding the factors contributing to this digital divide is crucial in fostering a more inclusive transition to digital bill settlements. The Resistance to Change in Payment Methods Historical Analogies and Modern Reservations When
Faster payments are rapidly transforming the financial landscape in the United States, promising a more efficient and immediate transaction environment. However, the latest insights from the U.S. Faster Payments Council (FPC) report signal a crucial gap: the need for inclusivity to match the speed of these burgeoning solutions. With 56% of companies offering faster payment services and an additional 35%
In today’s fast-paced global economy, the landscape of payment processing is continuously evolving, pushing the boundaries of speed and convenience to new heights. Spearheading this transformative journey is the burgeoning realm of instant payments, a financial revolution that is rapidly reshaping expectations and strategies across the payment sector. A recent survey conducted by European PayTech pioneer, payabl., at the Money20/20
In a financial era characterized by rapid change and innovation, Affirm, Inc. stands out by expanding its range of consumer-oriented payment services. The company has laid down a new milestone with the launch of Pay in 2 and Pay in 30—payment options designed to impart unprecedented flexibility and empower consumers to manage their finances more effectively. These fresh offerings by
The landscape of online commerce is in a constant state of evolution, and at its core lies the critical intersection of convenience and security—a junction where the Australian-based payment solutions provider Till Payments has now set its sights. In an enterprising move, Till Payments has orchestrated a strategic partnership with BigCommerce, a robust SaaS e-commerce platform utilized by B2C and
The rise of mobile payments has revolutionized how consumers interact with businesses, offering a fast and convenient way to complete transactions. But as with any technological advancement, challenges and issues can arise. From ensuring compatibility of point-of-sale (POS) systems with mobile payment technologies to educating employees on handling these transactions, businesses need to be prepared. In this article, we’ll navigate
The Canadian real estate sector is on the cusp of a major overhaul, thanks to the combined forces of VoPay and Avesdo. This power duo has crafted a state-of-the-art digital payment solution, now an integral part of Avesdo’s Transaction Management System (TMS). This breakthrough is set to significantly expedite the presale phase of property transactions, which traditionally has been bogged
The digital age has brought about profound changes in how we handle our finances, with a significant emphasis on convenience and efficiency. Mastercard’s latest enhancements to its Open Banking platform embody this modern financial ethos, promising to revolutionize the way consumers manage their digital accounts. This article explores how Mastercard’s integration of new functionalities, Deposit Switch and Bill Pay Switch,
In an era where contactless transactions are becoming the norm, Elavon, a global payments provider, is ensuring that Eastern Europe doesn’t fall behind in the cashless revolution. By rolling out an unattended payments infrastructure within the Czech Republic, Slovakia, and Hungary, Elavon isn’t just following a trend; they’re laying the foundations for a transformed consumer experience. This strategic deployment highlights
In a world where digital transactions are swiftly becoming the norm, any innovation that eases the process while bolstering security is met with keen interest. The announcement from Token.io, an account-to-account payment infrastructure provider, regarding the introduction of their new hosted payment pages at Money20/20 Europe, emerges as a beacon of advancement in the Pay by Bank space. This initiative
