Despite being among the worst hit by the pandemic, the beauty services market has begun to rebound. Sales in the United States have reached nearly 70% of their pre-pandemic levels in 2021 and market value has eclipsed $57 billion. Nevertheless, emerging shifts are creating new...
The current economy’s transitionary challenges have organizations increasingly looking to identify and capture efficiencies. One of the biggest operational impacts being realized is how businesses shift their technology investments to meet their financial operations’ changing needs. “The COVID-19 period woke the marketplace up to the...
The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28 million smaller firms, which drive a significant portion of the region’s GDP. And to fully embrace the great digital shift...
Deluxe and Echo Health have teamed to offer digital payments services to companies using paper. The two payments companies announced Tuesday (May 2) that they’d formed DPX Payments, a joint venture aimed at offering “advanced payables offerings to the large and underserved middle-market.” DPX, the...
Fraud is a constant worry for companies of all types, driven by the sheer variety of different fraud methods that bad actors deploy. Man-in-the-middle attacks, social engineering, account takeovers and botnets are just some of the thousands of different types of fraud that keep CEOs...
Consumers are craving digital payment experiences, the pandemic having whetted their appetites by expanding digital use to a wider range of retail transactions. PYMNTS research found that 30% of consumers are very or extremely interested in trying a new payment method, including digital wallets, QR...
Faster payments have brought significant benefits for consumers, but they also bring the risk of push payment fraud, something that Lee Kyriacou, vice president of real-time payments at The Clearing House, says requires a mix of technology, consumer education and security best practices.
Merchant aggregators and marketplaces looking to compete globally must be able to support a broad range of merchant customers’ payment service provider relationships both swiftly and easily. Spreedly’s Randy Guard explains how payments orchestration enables platforms to add merchants’ preferred gateways at the flip of...
Fraud is top-of-mind for payment providers and the businesses and consumers they serve — for the simple reason that the cost of ignoring it is too much to bear. A recent report from the Federal Trade Commission (FTC) pegged fraud loss in 2022 at $8.8...