More authentication leads to fewer approvals
Payments Dive
OCTOBER 15, 2024
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
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PYMNTS
NOVEMBER 27, 2020
More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.
PYMNTS
MAY 18, 2020
The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards. ” He said the new program provides a new layer of protection to mitigate losses for all parties.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation. faster than their competitors. Don’t miss this exclusive opportunity to learn how you can stay relevant and stay top of wallet with Gen Z consumers!
PYMNTS
NOVEMBER 19, 2020
19) announced in a press release that it is adding a new solution to its WellsOne Virtual Commercial Card , enabling business customers to digitally pay invoices to suppliers and others. To use the tool, customers electronically send payment instructions, which are routed to the WellsOne Virtual Card Payments service, the release stated.
PYMNTS
OCTOBER 1, 2020
The great digital shift is transforming credit cards into money management tools. Consumers want cards, and they want them quickly, and they want those cards [delivered] in a digital way," said Turner. The company said that through the expansion of its Digital-First Card Program, which was announced last Wednesday (Sept.
PYMNTS
DECEMBER 2, 2020
This is driving demand for virtual cards, digital payment offerings that can authorize purchases without forcing shoppers to hand over sensitive permanent account numbers.”. Virtual cards are expected to facilitate $1.6 Merchants Align Behind V-Cards. trillion in spending this year and $5 trillion in 2025.
PYMNTS
OCTOBER 19, 2020
American Express is working with Coupa on a new partnership to use virtual cards for Coupa's B2B solution, a press release says. Coupa Pay, the Coupa B2B solution, will be available for customers of AmEx's virtual cards, in a move meant to streamline the old payment processes which the release calls "outdated, complex, and inefficient.".
PYMNTS
NOVEMBER 30, 2020
Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.
PYMNTS
OCTOBER 1, 2020
As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. Last week, Mastercard expanded its Digital-First Card Program to access card data in a speedy, secure manner.
PYMNTS
MARCH 19, 2019
First Data , a commerce-enabling technology and solutions company, announced Tuesday (March 19) the launch of Authorization Optimization, a digital commerce tool that optimizes card-on-file transactions to boost revenue for merchants. All of this occurs without customer intervention, noted First Data.
PYMNTS
SEPTEMBER 30, 2020
Long before the pandemic, consumers were trending toward digital in their financial services relationships — experimenting with mobile wallets, digital cards, self-service mobile banking and digital gifting. Firms must position themselves to take that valuable top-of-wallet card location with consumers. Overcoming The Pull Of Inertia.
PYMNTS
APRIL 13, 2020
For all that has changed dramatically in the last several weeks due to the coronavirus pandemic, consumers are still looking for the same two core offerings in every transaction, no matter what it is or where it takes place: seamlessness and security. An awful lot of other things have changed all around that core, however.
PYMNTS
SEPTEMBER 16, 2020
There will be new electronic banking feeds for corporate cards and automated receipt generation to help streamline back-office accounting processes. Digital spend management tools could offset some of the damage. Ali Jani , chief product officer with Acumatica, touted the ML capabilities as particularly enticing for users.
BankBazaar
NOVEMBER 4, 2024
Choosing a paid Credit Card can enhance your financial well-being through superior rewards, exclusive perks, and improved customer service – often making it worth the annual fee. Are you grappling with the decision of whether to opt for a paid Credit Card with an annual fee or a lifetime-free card?
PYMNTS
JANUARY 19, 2021
This includes shifts in which consumers are shopping and paying, and in the payment tools or methods they are using to finalize their transactions. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards. Another study found that 55 percent of U.S.
PYMNTS
AUGUST 14, 2020
But Co-Founder and CEO Yitz Mendlowitz told Karen Webster in a recent conversation on 3-D Secure 2.0 Prior to COVID-19, we were telling people that over the next five years, remote-commerce, card-not-present transactions will exceed in-store, card-present transactions,” Mendlowitz said. that’s not the case much anymore.
PYMNTS
JUNE 28, 2020
Billtrust , which works with B2B order-to-cash solutions and accounts receivable automation, has expanded its tools to boost email billing, expand digital payments and accelerate cash flow, according to a press release. The company’s new solutions will help to aid remote workers during the pandemic, according to the release.
PYMNTS
JANUARY 14, 2020
In financial services, demand for ease of use and security are sky-high, even for business customers. The cloud has emerged as an essential tool to enable financial service providers to digitize and remain agile enough to provide the kinds of convenient, responsive services and products their customers require.
PYMNTS
MAY 8, 2020
Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Ahn added that over the summer months, Samsung Pay will introduce a tool to help people better manage their financial lives. NFC works with digital wallets and powers contactless payments.
PYMNTS
MAY 5, 2020
In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.
PYMNTS
MARCH 18, 2020
That’s because things that seemed like add-ons when it came to digital banking even five years ago — card controls, instant virtual card issuance, self-service security, mobile deposit capture — are now table stakes. “In Cards — debit or credit — they say, are not really their core business.
PYMNTS
APRIL 27, 2020
As consumers shop amid ongoing public health restrictions, they almost invariably reach for their credit cards — whether the physical varieties in their wallets or the digital versions stored on their browsers and mobile devices. More than ever, credit cards are becoming the coin of the realm in the global connected economy.
PYMNTS
DECEMBER 9, 2020
As corporate card innovation accelerates, new paths to adoption emerge. Visa To Support USDC Card Payments. Visa To Support USDC Card Payments. Dollar Coin (USDC), Visa is reportedly planning to support USDC payments via its corporate card products. Adflex Drives Card Adoption Within Supply Chains.
PYMNTS
JANUARY 27, 2021
The pandemic has upended many consumers’ financial lives and typical purchasing behaviors, leading them to reconsider their go-to payment tools. Even consumers who are feeling more financially secure may want to tap new tools to help them maintain their good financial standings and stay in control of their budgets.
PYMNTS
DECEMBER 9, 2020
Many of the tools that have traditionally been used to track payments and manage spending have now fallen out of step with what businesses currently need in today’s digital environment. so having a system or tool that makes it very simple to. Bringing Virtual Cards To A Virtual B2B World.
PYMNTS
OCTOBER 5, 2020
Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Compliance Complexities.
PYMNTS
FEBRUARY 3, 2020
Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021.
PYMNTS
NOVEMBER 27, 2020
Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards. Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof.
PYMNTS
SEPTEMBER 22, 2020
For small, mom-and-pop retailers, complex or proprietary procurement platforms simply aren't in the cards. As such, online shopping for small retailers must be streamlined, efficient, and most importantly, secure. Visibility And Security. And we ascribe that to the credit card company offering net-30, plus points.".
PYMNTS
JUNE 10, 2019
Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit. As reported Monday (June 10), the card, known as “Amazon Credit Builder” will let users build up their credit profiles through the use of a secured card, and the firms also will offer budgeting tools.
PYMNTS
SEPTEMBER 23, 2020
The virtual card can be a valuable payment solution for the enterprise thanks to the technology's security features and mobility. Yet adoption remains limited, largely thanks to corporates' ongoing use of more traditional payment methods like ACH or even physical cards. Comdata Digitizes Legacy Fleet Payment Tool.
PYMNTS
JANUARY 23, 2019
Mooncard, a France-based FinTech that provides businesses with payments cards and expense management solutions, has announced $5.7 Mooncard combines a physical card solution with a digital expense management platform to streamline the spend management process for businesses. Separate reports in La Tribune on Tuesday (Jan. In the U.S.,
PYMNTS
AUGUST 26, 2019
Cash-out scams, he noted, used to be about harvesting thousands and perhaps even hundreds of thousands of gift and prepaid cards in a heist. What was once limited to defrauding retailers at the physical point of sale with counterfeit cards is now digital, and accomplished by a variety of methods.
PYMNTS
NOVEMBER 23, 2020
23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. Visa and Conferma Pay said Monday (Nov. Three Components .
Perficient
FEBRUARY 1, 2021
Data is pervasive and security a tough thing to do and even harder to do it right. You can set the application security to align with your enterprise’s security policy. You can set security options for encryption, masking, and tokenization of credit cards and bank accounts. Do I want to encrypt my credit card data?
PYMNTS
JULY 15, 2020
CIBT , which works in global immigration and visa services for both corporations and individuals, has announced an integration with Conferma Pay for virtual cards and streamlined business travel payments, according to a press release. They can charge specific amounts to the virtual cards for payment for visa services.
PYMNTS
APRIL 2, 2020
The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.
PYMNTS
JANUARY 12, 2021
In a discussion with Karen Webster, Barker and Pettican explored the rise of consumerization of B2B payments and how virtual cards are supporting this evolution without forcing finance chiefs to give up the control and security that is so vital to successful corporate payments. Expanding The Virtual Card Value Prop.
PYMNTS
DECEMBER 21, 2020
Consumers around the world have become intimately familiar with the “card-not-present” method of payment. Now businesses in Asia have an option to embrace “card not needed” as the pandemic continues to accelerate business models. That option, which extends to commercial cards , is being presented by Singapore-based CardUp.
PYMNTS
SEPTEMBER 9, 2020
Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. How Music Retailers Can Harmonize Security And Seamlessness. Around The Next-Gen Debit World.
PYMNTS
NOVEMBER 30, 2018
Expense management company DiviPay is rolling out what it says is Australia’s first Mastercard virtual commercial card for corporate payers, and the first solution in the country that combines payments with expense management automation. “Corporate card programs are costly, slow to set up and have stringent credit requirements.
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