Marketing

In the wake of failures by the cryptocurrency lender Celsius and the crypto exchange FTX, MyChargeBack, a transaction-dispute service, warns users to beware of scams involving crypto-recovery promises. FIS Inc. intends to cut “thousands” of jobs, reported Bloomberg.com, in order to cut costs. Balance, a 2-year-old payments platform for business-to-business transactions, announced …

Revenue from global embedded financial services will exceed $183 billion by 2027, up from $65 billion in 2022, according to a report from Juniper Research. It classifies embedded finance as when financial services, such as banking, insurance, or lending, are integrated into non-financial user experiences. American Express Co. released a personal card application …

With just days until the 2022 holiday shopping season begins in earnest, retailers may have a glimmer of hope for more sales if a new survey from Deloitte bears out. In its 2022 Black Friday-Cyber Monday Survey, consulting firm Deloitte predicts that consumers will spend on average $205 on Black …

Visa Inc. is leveraging its sponsorship of the FIFA World Cup to showcase several payments technologies, including contactless payments, facial recognition, and digital card issuance. Visa is deploying 5,300 contactless-enabled payment terminals at official FIFA venues and enabling taxis in Doha, Qatar, capital of the host country, to accept contactless …

Merchants in the United States that use Square’s point-of-sale technology and also accept American Express will be getting a credit card from Square in coming months that will run on AmEx’s network. The so-called Square Credit Card is said to be the first credit card the Block Inc. unit has …

Criminals’ use of language can trip up even savvy consumers, found a new report from Visa Inc. The “Fraudulese: The Language of Fraud” report found that 73% of consumers are likely to miss the requisite red flags in digital communications. The data is based on surveys of 6,000 adults in 18 countries. …

Authorized push payments fraud is expected to reach $5.25 billion in fraud losses in the United States, United Kingdom, and India by 2026, according to research from ACI Worldwide Inc. and GlobalData, an analytics firm. In 2021, U.S. authorized push payment fraud was $1.6 billion and is forecasted to be $3.1 …

American Express Co. is working with the popular social-media platform TikTok to launch the #ShopSmall Accelerator, a program intended to help small-business owners reach a new generation of shoppers on Small Business Saturday, Nov. 26, and throughout the rest of the holiday-shopping season. The deal will provide business owners with …

As clients of payment gateways turn to them for more than connectivity to multiple processors, choosing a gateway becomes more complex. The 2022 edition of The Strawhecker Group’s Payment Gateway Directory hopes to help with that, even as gateways’ role expands. Payment gateways are a key driver in the payments …

The kinetic energy powering the open-banking wave continues to build. On Thursday, fintech Sila Inc. and MX Technologies Inc. announced tokenized integration for bank-account verification through MX’s MXapi Processor Tokens. The tokens will enable clients of Sila and their end users to digitally verify bank accounts and account data for …