False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning. According to findings detailed in “Fraud Management, False Declines and Improved Profitability,” false declines put a staggering $157 billion at risk in the United...
Insurance companies are crucial in helping consumers with essential needs. They may provide funds to cover significant emergencies such as major medical procedures, home repairs following a disaster or replacing a car totaled in a collision. However, the slow payment practices within the industry hinder...
An Indian parliamentary panel has reportedly highlighted a need to support the growth of domestic FinTech players in India’s digital payments market. The panel pointed to the dominance of PhonePe and Google Pay, which currently corner a combined share of more than 83% of the...
In the past, urban travel often meant wrestling with cumbersome paper tickets or scrambling for exact change at transit stations. However, with the roll out of smart city payment systems, such as contactless card payments across public transport networks, this landscape is rapidly changing. Now,...
Pursuing an education is fundamental to skill development, intellectual advancement and personal growth, laying the groundwork for future success. However, soaring tuition costs have made attending many schools prohibitively expensive. This expense prompts many students and parents to defray these costs by obtaining loans, grants...
Digital wallets, such as Apple Pay, Google Pay and PayPal, provide convenient and secure ways to complete online purchases. These wallets remove the cumbersome process of entering credit or debit card details at checkout. However, the adoption of digital wallets for in-store purchases has been...
Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees. The company announced that goal in November during an earnings call, saying it aimed to boost earnings by reducing costs, and it started cutting...
PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and by not filling open roles, PayPal CEO Alex Chriss said Tuesday (Jan. 30) in a letter to staff. Affected staff will...
Tax preparation software firm Drake Software launched a contactless payment acceptance system for tax professionals. Drake Pay is “designed to meet the payment acceptance needs of the modern tax preparer for software integration, speed to payment from clients and security,” the company said in a...
