News

December, 2021

• 6 December

  Consumers Expect More E-Commerce Fraud During the Holidays, And They Blame Marketplaces

  

  The risk of being defrauded by online sellers is a major concern for consumers this holiday-shopping season, according to a survey by Socure Inc., a provider of identity-verification and fraud-detection technology. And consumers are poised to blame not just the fraudulent sellers, but the marketplaces that host them, the survey …
• 6 December

  In the Latest BNPL Twist, Afterpay Users Can Rack up Cash Back in a Rakuten Program

  

  Consumers have flocked to buy now, pay later services, but providers still have to find ways to stand out. Afterpay Ltd. hopes to do that by enabling consumers who have a Rakuten account to earn cash back in the Rakuten program. Announced Monday, the Afterpay program enables Afterpay users who also …
• 6 December

  Black Friday Traffic up 40% and other Digital Transactions News briefs from 12/6/21

  

  Of the so-called Cyber 5 shopping days—Thanksgiving Day through Cyber Monday—Black Friday generated the most shopping traffic online last month, with traffic at its peak nearly 40% higher than the peak at Thanksgiving and 5% higher than on Cyber Monday, according to data from Fastly, an e-commerce platform provider.Issuer processor Paymentology Ltd. said …
• 3 December

  Why Integrated Payables are the Future of B2B Payments

  

  The “digital first” world has arrived—and there’s no turning back. While B2B payments have lagged behind consumer payments in digital adoption, that’s changing quickly. Goldman Sachs Research has predicted that B2B payments are on the verge of a technological breakthrough, leading to a $1.5 trillion revenue-saving opportunity by 2028.  One …
• 3 December

  A Dwolla And Infinicept Link Aims to Make Embedded Payment More Accessible to ISVs

  

  Payment-platform provider Dwolla and Infinicept, a Denver-based firm that specializes in embedded payments, are teaming up on new technology for independent software vendors.  The partnership is aimed at making it more economical for business-software providers to include payment processing in their application and reduce their time to market by months. …
• 3 December

  Tassat Scores Western Alliance Bank for Its Bank-Based Blockchain-Payment Technology

  

  Stablecoins have come in for government scrutiny in recent weeks, but use of this blockchain-based technology to enable immediate business-to-business payments between bank clients is moving forward nonetheless. Late Thursday, Tassat Group Inc. announced Phoenix-based Western Alliance Bank will use the company’s TassatPay technology to allow business clients to pay …
• 3 December

  Splitit Volume Increases 61% and other Digital Transactions News briefs from 12/3/21

  

  Buy now, pay later specialist Splitit Payments Ltd. said its merchant sales volume for the first two months of the fourth quarter totaled $94 million, a 52% increase quarter-over-quarter and a 61% increase year-over-year. Splitit reported $11 million in merchant sales volume across the holiday shopping weekend, including Black Friday and Cyber …
• 2 December

  Why having access to the right developer portal is more important than ever!

  

  Brandy Hadden In today’s fast-paced and ever-changing payments landscape, it is increasingly vital that merchant services providers offer ISVs, VARs, and small to mid-sized business owners instant access to the tools and technologies they need to keep pace with their competitors, as well as evolving consumer preferences. One way to …
• 2 December

  How Square’s Name Change to Block Hints at an Even Stronger Push for Bitcoin

  

  The word “block” may have a number of meanings, but for Square Inc. it could mean a stronger emphasis on blockchain. That’s how some observers interpret the company’s announcement Wednesday afternoon that it is changing its name effective Dec. 10 to Block Inc., a dozen years after its founding as …
• 2 December

  Eye On Holiday Fraud: Expect a Surge in Attacks for Higher Dollar Value Items

  

  The holiday-shopping season is a busy time not just for merchants and consumers, but for criminals, too. Fraud attacks are projected to increase by at least 50% this holiday-shopping season, and will most likely surpass the 56% increase in attacks during the 2020 holiday season, according to Arkose Labs.  Fraudsters …