Overall, millennials have driven blossoming technology, including P2P payment usage. That was until now. Zelle has managed to crack the code, gaining traction with Generation Xers and Boomers. The Digital Payments Adoption Study released earlier this month by Early Warning Services, LLC, the network operator behind Zelle, showed that 50% of first time P2P users are 45 and older. The...
Banxico, the central bank in Mexico, will launch the pilot phase of its free mobile payment system. The system, which aims to increase digital transaction, provide greater access to banking to underserved communities, and move the country toward a cashless economy, allows payments at participating bricks-and-mortar and online stores via QR codes. The system, known as Cobro Digital (CoDi), aims...
Card present counterfeit payment fraud at chip-enabled merchants dropped 80%, since the U.S. payment industry shifted to these types of cards. In 2011, Visa led the industry by moving to EMV (Europay, MasterCard, and Visa) chip cards. Four years later, widespread adoption of chip technology occurred because it was known to be effective at reducing counterfeit fraud in other countries....
The Third Circuit Court of Appeals recently issued a decision, limiting the Federal Trade Commission’s (FTC) ability to bring certain claims in both consumer protection and antitrust matters in federal court. The federal court ruled in the FTC case against the big drug manufacturer, Shire Viropharma Inc., stating the commission can only bring cases under Section 13(b) of the FTC...
The future sales of food and dietary supplement products containing CBD, which are commonly referred to as edibles, remain stalled at state and federal laws. Despite the passage of the 2018 farm bill last year, which decriminalized hemp and made it legal to cultivate the crop for certain purposes, some states have banned the sale of food, such as gummies...
At the heels of Visa’s decision to move to contactless cards in the U.S., MasterCard is following suit. As the momentum for contactless payments grows, MasterCard sought and received commitments from issuers to produce contactless cards within the next two years. Those issuers include Citibank, Capital One, KeyBank, Santander and HSBC. It also is working with FIS to bring contactless...
When describing products, you need to use language that entices customers to buy. That’s why the way you craft e-commerce product descriptions matter. If they merely explain items, but do not trigger customers to buy, then you need to start re-writing. Before you put fingers to keys, check out these ways to persuade visitors with e-commerce product descriptions that sell....
In the quarter that ended on Dec. 31, Visa experienced payment growth of almost 11%. For the future, the credit card brand sees an increase in contactless cards and volume on its Visa Direct real-time payments service. The worldwide payment volume totaling $2.2 trillion that Visa saw was especially impressive considering the many financial troubles hitting the world during this...
Updates to Google Play’s developer policy aims to block apps that promote and sell unapproved ingredients, supplements, or pharmaceuticals, including the weight loss extract, ephedra. The search engine’s move to ban the apps aims to promote responsible innovation, and protect itself from any future liability. The U.S. Food and Drug Administration banned products containing ephedra extracts in 2004, making them...
Businesses that the sell the potentially life-threatening site enhancement oil, synthol, are putting their high risk merchant accounts at risk. Though synthol is sold as a topical treatment often purchased by bodybuilders to boost the cosmetic appearance of muscles, many inject it into their muscles to get the most effect. If online businesses are promoting this oil as an injectable,...
