Consumer Finance at the Point of Sale Takes a Big Step Ahead As Affirm Clinches a Walmart Deal – New Walmart Deal Proves Consumer Financing on an Upswing Lending startup Affirm Inc. clinched a deal to offer its instant-financing option to major retailer, Walmart Inc. Though Affirm has already signed up more than 2,000 merchants to accept its consumer point-of-sale...
The U.K. is answering the call for real-time payment reforms due to shifts, including a major increase in digital payments, competition from non-traditional lenders, and fraud, in the payments industry. In response to all of the ever-evolving industry, The Bank of England will upgrade the U.K.’s Real-Time Gross Settlement (RTGS) system. In a completely separate move, Pay.UK, the country’s payments...
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....
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...
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,...
Worldwide, Facebook has more than 2.3 billion users. The Silicon Valley social media platform has used its number of users to lure advertisers to its pages. However, it wasn’t until recently that it came to light that a staggering number of its users include fake Facebook accounts, which were set up by spammers and scanners to break the rules or...
Payment providers embrace push payments as two companies announce new disbursement services Atlanta-based Repay and San Antonio, Texas-based Payment Data Systems Inc. announced this month that push payments, also referred to as buyer-initiated payments or instant funding are among their new service offerings. The companies say push payments are giving consumers the instant funding options they crave. How Push Payments...
