Bank of America Merrill Lynch has added some significant new global features for its B2B cards, including expanded country footprints (adding Guatemala and Turkey), real-time account management and integrated global data consolidation in Hong Kong and India, additional B2B payment options in 27 more countries...
Now in its 4th year, TSYS Consumer Payments Survey had its share of surprises. Like consumers now prefer credit to debit when shopping online and rewards will get them to switch to a new card issuer. Sign of the times (people feeling better about credit...
When Apple insists on its cut from Apple Pay transactions, it’s not kidding. According to details from a leaked copy of the contract, Apple can request a written certification that the amounts are accurate and if they dispute it, they get to hire an auditor....
A bipartisan group of U.S. House representatives have asked eBay some pointed questions in the wake of the massive data breach the company announced in May — and for now, at least, eBay has satisfied the lawmakers, according to eCommerceBytes. Get the Full Story Complete...
Cybercrime can cost up to $3.8 billion USD globally, in hard costs. But add in the time and resources that consumers, e-commerce merchants, and FIs spend fighting fraud attacks, and that total balloons to more like $274 billion. That’s according to a new ThreatMetrix report....
As companies get increasingly nervous about data security on B2B transactions, the PCI Council is offering some guidance about the need for merchants to better train employees and increase awareness about security protocols. Get the Full Story Complete the form to unlock this article and...
While there’s been an overflow of Apple Pay chatter in the industry, the 7,500-plus attendees at Money 20/20 in Las Vegas and 20,000-plus attendees at CARTES SECURE CONNECTIONS event in Paris showed there’s plenty of interest from industry CEOS about other payment options, security and mobile innovations. Get...
A “major flaw” has been discovered within Visa contactless cards, where thieves in the U.K. were to sidestep a £20 limit and charge as much as £999,999.99 as long as they chose the option to select a foreign currency, according to a report in The...
Payments professionals invest a lot of time and money protect payment card data and shopper PII specifics, but thieves are now zeroing in on an apparent soft spot: rewards points, especially points that can easily be converted into cash. Get the Full Story Complete the...
