By 2030, Cards may linger, But digital and contactless payments will dominate. The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in-store, and reduced friction within the payments ecosystem. A report by experts and prepared by the Electric Vehicle Charging...
Payments fraud is a widespread and a difficult issue in the fuel segment. Fuel dispensers are a common target for certain types of fraud – and fuel merchants often lack visibility into the level and impact of that fraud. This causes a profitability issue all by itself, but the even bigger issue is that the...
Carrying cash could become a casualty of COVID-19. While its imminent death has been a long forecast, cash just keeps on living to pay another day. Cash may not be king in the U.S. market anymore, but reports of its demise have often proved to be a bit premature. U.S. consumers’ cash use has declined...
COVID-19 continues to shake the world, and the payments industry is playing a critical role in the response to, and recovery from this pandemic. There has been a shift in preferred payment methods as many consumers seek to avoid cash and embrace modern, digital payments. Even before the pandemic, global adoption of real-time payments was...
What is Card-Not-Present fraud? The growing problem of card-not-present fraud harms both online consumers and online merchants. This type of fraud occurs in fraudulent transactions where a cardholder does not present a card to a merchant in person. Instead it is being used on the internet, phone and mail-order transactions. Usually in most cases, this...
In the wake of the COVID-19 outbreak, more and more consumers are expecting to be able to pay for goods and experiences with contactless solutions. But why are contactless payments ideal for a post-pandemic world? Following the global pandemic, cash is out and touchless payments are in. We look at the top reasons why a...
These days consumers are a bit shy when it comes to shopping in physical stores particularly when it comes to checking out at the point of sale and having to share a touchpad with every other shopper that’s been in use all day is well known a little over a half-year into the pandemic. Recent...
As a merchant, you might already be aware of your risk exposure when you accept credit card payments, and hopefully, you’re taking the necessary precautions to alleviate that risk. It can be helpful to understand the different kinds of risks that each entity in a given credit card transaction is exposed to. The credit card...
If your business accepts credit cards, then there may be a time when you have a customer use a credit card that is not rightfully theirs. When customers commit fraud, then your business is exposed to the risk of chargebacks to recoup the lost funds for the customer who was victimized by fraud. By knowing...
NFC and EMV both refer to relatively new terms in payments technology. These two have changed the landscape of accepting credit and debit cards for merchants and consumers. But what are they and what is the difference between the two? They have fundamentally changed how a cardholder is able to use their cards to pay...
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