A recent study by Adyen and the Cebr has unveiled a troubling reality for the global retail sector: a total loss of $429 billion to payment fraud. The report indicates that 45% of global businesses experienced fraud, cyber-attacks, or data breaches within a single year. Particularly hard-hit are the luxury and beauty retail sectors, where losses per business average an
Ant Group is revolutionizing the shopping experience for global tourists through its innovative International Consumer Friendly Zones, designed to make navigating the commercial landscape of China a delightful and effortless experience for visitors from around the world. These zones will likely employ sophisticated digital payment systems and support services, underscoring Ant Group’s dedication to commercial innovation and accessibility. Introduction to
SUNRATE is at the forefront of a financial revolution for businesses, integrating Apple Pay into its offerings and heralding a new epoch where B2B payments mirror the ease and security of consumer transactions. This innovative move caters to the burgeoning need for simple, secure methods of handling business transactions, flaunting a synergy of convenience and safety that has been the
In a significant move for the global economy’s digital heartbeat, financial giant Visa has partnered with fintech innovator Skipify. This collaboration heralds a transformative era for online shopping, prioritizing swift and secure transactions. Visa’s expansive network and financial clout, combined with Skipify’s technological prowess, promise a renaissance in e-commerce efficiency and security. The alliance is envisioned to streamline shopping experiences,
Zilch, an emerging ad-supported payment platform with over 3.6 million users, has entered into a strategic alliance with Checkout.com, a prominent online payment solution provider. This partnership propels Zilch’s expansion in the UK and US, leveraging Checkout.com’s prowess in managing advanced digital transactions and its impressive market footprint. As Zilch’s chief acquisition partner, Checkout.com will bolster Zilch’s offerings, including flexible
Tipping is a core element of service excellence, allowing patrons to show gratitude for exceptional service. Yet, in an increasingly cashless world, the act of tipping encounters practical obstacles. Enter EasyTip, a visionary in electronic gratuity solutions, who has joined forces with Opaala, a leading digital service innovator in the UAE. This strategic partnership aims to revolutionize the way we
In a move to expand its customer base, Curve, the digital wallet platform, has introduced a new Refer-A-Friend program. The highlight is an enticing offer: one percent cashback on all spending for 30 days following each successful referral. A key feature of this initiative is the absence of a cap on the number of referrals a user can make. Thus,
Skipify is teaming up with Visa, leveraging the latter’s Digital Commerce Program to enhance online payment experiences. This partnership combines Visa’s digital payment framework with Skipify’s Connected Wallet to streamline and secure digital transactions. It’s a powerful synergy that aims to bolster Visa’s payment capabilities within Skipify’s tech space. This alliance brings the unique benefit of Visa’s Click to Pay
In the dynamic domain of fintech, Worldline has joined forces with Tabesto to debut ‘FOX’, an innovative kiosk that revolutionizes the dining checkout process. Merging the convenience of ordering and payment, FOX redefines customer interactions by incorporating Worldline’s SoftPOS tech, ‘Worldline Tap on Mobile’. This feature employs an embedded NFC sensor, enabling diners to make quick, contactless payments directly on
The rise of the digital marketplace brings with it a surge in online transactions and an unfortunately parallel increase in cyber fraud. Experts anticipate that online payment fraud losses could hit a staggering $91 billion by 2028. In this precarious landscape, consumers must prioritize the security of their digital transactions. The threat of cybercriminals, constantly honing their techniques, means vigilance
The growth of the digital economy has been bolstered by a trend toward subscription-based models, and Visa has strategically responded by introducing its Subscription Manager service. This innovative tool is specifically designed to ease the complexity of managing numerous subscription services that consumers have increasingly become reliant on. Visa’s Subscription Manager addresses the prevalent issue of tracking ongoing subscription costs
Payment service provider Ecommpay has announced a strategic partnership with GoCardless to integrate Direct Debit payment solutions for UK and EU businesses. This collaboration caters to the increasing consumer preference for Direct Debit for regular payments, as it offers convenience and security for both businesses and consumers. Direct Debits are extensively used in the UK, and their popularity is expanding
