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- Fraud-mitigation specialist Verifi released its “The Chargeback Triangle” report, completed by Javelin Strategy & Research, that found consumer disputes and chargebacks created $31 billion in financial losses in 2017, with merchants taking on almost $19 billion and issuing banks $12 billion. It also found that for every dollar in a disputed transaction, merchants and issuers incur an additional $1.50 in costs.
- Seminole County in Florida said it will take Bitcoin and Bitcoin Cash in payment for driver’s licenses, identification cards, automobile tags and titles, and property taxes. Transactions will be handled by cryptocurrency payments provider BitPay.
- Sezzle, a company that offers installment plans for online-shopping purchases, named Karen Hartje chief financial officer. She previously worked at Bluestem Brands, the e-retailer behind the Blair and Fingerhut brands, among others.
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