Watch more: Merchants Use Visa’s Unified Commerce to Convert In-Store Buyers Unified commerce represents the next evolution in the digital economy, aiming to dissolve persistent friction points that even advanced omnichannel strategies have yet to fully address. Moving beyond merely streamlining transactions across different channels,...
Mastercard said it is expanding its First Party Trust program to tackle “friendly” fraud. Also known as first-party fraud, the term refers to genuine transactions that are challenged by cardholders, whether it’s deliberately or happens by mistake, Mastercard noted in a news release Wednesday (June...
Visa defeated a proposed class action lawsuit that alleged that the company did not warn consumers that its prepaid Vanilla gift cards could be drained by thieves. The judge hearing the case ruled Monday (June 23) that it was unreasonable for consumers to believe that...
Debit rewards programs had seemingly gone the way of the dodo. The Durbin Amendment, contained in the 2010 Dodd-Frank Act, capped fees on debit card payments, which set in motion a ripple effect that led to banks’ elimination of many of those programs. As noted...
Marqeta’s card issuing platform powers the recently announced Klarna Card debit card that will allow Klarna customers in the U.S. to use the same card to pay immediately or pay later, according to a Thursday (June 12) press release. The Klarna Card debit card is...
Fashion company Bonprix will implement Trustly’s account-to-account (A2A) payment solution in Finland, Sweden and Norway. With this solution, which will be implemented in collaboration with omnichannel payment service provider Computop, Bonprix aims to offer a simpler payment experience and reduce the number of abandoned purchases,...
It would be understandable to ascribe certain characteristics to the best-in-class issuers. The PYMNTS Intelligence and Visa DPS report “The Best-In-Class Modern Card Issuer: Driving Customer Lifetime Value Through Innovation” surveyed 451 executives who weighed in on what separates the best from the rest in...
When a shopper whips out their credit card to buy something online, they can feel a lingering worry: Will my card number get stolen by hackers or otherwise misused? That’s why tokenization, a process that hides your 16-digit number from a merchant and instead uses...
London-based Zilch, an ad-enabled payments technology company that provides virtual payment cards to one in seven U.K. working adults, is set to launch its first physical payments card in September. The launch of the physical card is enabled by Zilch’s new strategic multi-year partnership with Visa, which...