Thursday , March 28, 2024

Search Results for: merchants

Commentary: BNPL May Be All the Rage, But Embedded Lending Is a Better Option for Merchants

According to Juniper Research, 360 million people worldwide used Buy Now, Pay Later (BNPL) in 2022. With such an expansive consumer base, BNPL has also become an effective tool for merchants to attract new customers and increase conversion rates. However, the widespread use of BNPL has raised concerns regarding transparency …

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Eye on Fraud: Global Ransomware Attacks Soar to a Monthly High; Cyber Attacks Hit Hospitality Merchants

Monthly global ransomware attacks hit an all-time high in March, totaling 460. That’s a 62% increase from the same period a year earlier, and a 91% increase from the prior month, according to the fall edition of Visa Inc.’s 2023 Biannual Threats Report. Leading causes for ransomware attacks are criminals …

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Bitcoin Depot Adds Merchants Where Consumers Can Buy Crypto at The Point of Sale

Bitcoin Depot Inc., a Bitcoin ATM operator, has expanded the footprint of its BDCheckout program to more than 400 retail locations in Iowa and Louisiana. BDCheckout enables consumers to fund digital wallets with cryptocurrency at checkout through Bitcoin Depot’s network of merchants. Consumers can access BDCheckout at 246 convenience stores …

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Miscoded Merchants Can Be a Seven-Figure Mistake

Pay attention to your MCCs, or pay a hefty price later on. Merchant category codes (MCCs) play a central role in payments risk management, but too many service providers and acquirers take them at face value. Now, in the wake of renewed focus on MCCs by the payment networks, miscategorized …

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To Grow Sales, Merchants Are Diversifying Into New Lines of Business, Square Finds

As consumers seek greater value from what they purchase, merchants are responding by diversifying their products and services to know their consumers better and grow sales, research from Square, Block Inc.’s merchant-processing unit, says.   One way merchants are engaging consumers on a deeper level is through subscription services, which …

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New Jersey Limits Card Surcharging to Merchants’ Processing Fees

New Jersey has implemented a law that prohibits merchants in the state from profiting from credit card surcharging and requires merchants to clearly disclose any surcharges to consumers. The law, which was passed by the New Jersey legislature in June and went into effect immediately upon New Jersey Governor Phil …

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