Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded that 78% of authorized push payment (APP) fraud begins online, with another 18% starting via telecommunications. The report also found...
Inflation might be cooling but it hasn’t worn off yet, especially as consumers continue to purchase products that can essentially be dubbed “in demand.” Take Olay’s new SPF 30 mineral sunscreen for sensitive skin, which was reportedly found to retail for $50 in stores. In...
Salsa has raised $10 million to help software platforms embed payroll features inside their own products. By embedding Salsa’s application programming interfaces (APIs) in their platforms, developers can enable businesses to handle payroll within the same software platform they use to manage their business and employees every day,...
Ahrvo Labs has launched a platform that allows any authenticated bank account to be used for cross-border transactions. The company’s new Cross-Border Open Banking platform supports transactions in 185 currencies and eliminates the need for traditional layers of onboarding, Ahrvo Labs said in a Thursday...
The value proposition of online commerce is, above all else, convenience. “Building a Better Online Checkout Experience: The Key Features That Matter to Customers” a PYMNTS and Checkout.com collaboration, surveyed 2,030 U.S. consumers and found that the biggest barrier preventing smooth, seamless checkout online is an overall...
Government data released this week hints that retailers are in for a protracted struggle through the next few months. And with stock moving slowly through the channels, the pain points spotlight the need for real-time means of gauging consumer demand, which would benefit each of...
A social media platform for employees that is used by Goldman Sachs is becoming more widely available. The artificial intelligence (AI)-powered networking platform called Louisa was funded and owned by the investment bank before going independent a few weeks ago, CNBC reported Friday (May 12). Louisa uses companies’ databases to automatically...
Irrespective of inflation, consumers have consistently preferred dupes, counterfeits or private label (store) brands. And as this increasingly becomes a reality, especially as consumers have become more vocal about their frugal ways — some might even call it a frugal flex, brands and retailers have...
Mastercard will soon offer Vesta’s fraud protection solutions to eCommerce merchants in the Asia-Pacific (APAC) region. As part of an expanded fraud detection partnership, Vesta’s Payment Guarantee and Payment Protect will be integrated into the Mastercard Payment Gateway Services (MPGS) platform and will be made available to MPGS customers in the APAC region in the...
