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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. The situation creates something of a catch-22 for those in the lowest tax bracket — can’t stop being poor with saving, can’t save money until one stops being poor. SNAP online .

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Fake ID Docs Sold on Websites Targeted by Feds

PYMNTS

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

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How Axis Bank Prevents Identity Fraud With Video-Based Onboarding

PYMNTS

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. billion in losses in 2019, according to a recent study, although it has declined from $20 billion in 2013. Identity fraud accounted for $16.9

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Thoughts Of Holiday Retail Cheer Tempered By Memories Of Failure

PYMNTS

26 will bring online spending of $7.7 Last year, “a credit card system glitch prevented Macy’s from handling credit and gift card processing both in-store and online from noon until early evening on Black Friday,” according to a report. “In billion, up 17.6 percent from 2017. Ill-timed Glitches. Shipping Tension.

Retail 129
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How Patreon Overcame Its Subscription Struggles

PYMNTS

Patreon launched in 2013 to fulfill this need, enabling “patrons” to pledge recurring monthly amounts of their choosing to support their favorite artists, many of whom promise additional content for those who donate above a certain threshold. percent service fees plus an additional $0.35 per pledge.

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Hacker Tracker: Call Center Scams, Password Reuse Dangers

PYMNTS

The call center employees would then demand immediate payment from scam victims to cover bogus taxes that were never paid and owed. The victim would send the iTunes card codes to the scammers, which gave them access to the money. government and has been looked into since 2013. The NYT noted this scam is being tracked by the U.S.

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