How Merchants Can Meet the SCA Deadline April 23, 2021 Having endured a turbulent year unlike any most businesses have had to experience, implementation of strong customer authentication (SCA) under the PSD2 directive is another hurdle for merchants in the EU to tackle (the UK is scheduled to follow the initiative by September 2021). The …
Fraud Uptick Given Adaptation During COVID-19 April 15, 2021 COVID-19’s glaring impact on the way we work, socialize and consume prompted major changes in the use of cash, e-wallets and other digital forms of payments. While the transmission of the virus through bills and coins was nominal, at best, consumers and retailers alike decided against …
Visa Raises Interchange Fees for UK Card Holders Beginning October 2021 April 9, 2021 Following Mastercard’s lead, Visa is currently on track to increase interchange fees on goods and services purchased by British customers from across Europe. Four thousand of its clients will be informed of the 1.5% online credit card payment hike, due to …
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Multi-Acquiring and the Pursuit of Resilience and Flexibility April 1, 2021 There was a time when merchants understood payment as a simple means of conducting business. In the digital age, however, payments are a strategic initiative that can drive revenue and establish customer loyalty if done properly. Acquirers and banks must therefore work harder …
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The Question of Cross-Border Transacations March 29, 2021 There has been a strong focus on false declines by merchants over the last few years. A primary trend has been the discrepancy between payment acceptance rates covering both domestic and cross-border transactions. Cross-border transactions are transactions that occur when card issuing banks and acquiring banks are …
PricMultiple Acquiring Benefits as Seen by Merchants and PSP’s March 19, 2021 The “less is more” adage rings true for many aspects in merchant payments. Less complexity, lower costs, fewer admin and infrastructure elements to manage all deliver perceptible benefits to merchants and payment service providers (PSP’s). Why, then, are more and more organizations working …
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German Ecommerce Balloons into Behemoth March 12, 2021 “Ecommerce will be the starting point from which customers begin their shopping.” Germany’s seen significant growth in ecommerce in 2020: a 14.6 percent increase illustrated by $83.3 billion euros. The growth is significant given the previous three years had a cumulative growth of 11.3 percent. Without doubt, …
Cryptocurrency Gaining Traction in the Big Leagues March 5, 2021 The two largest card networks have long touted interest in supporting cryptocurrency transactions. In mid-February, Mastercard Inc. announced full intentions of enabling consumers to send and receive crypto transactions natively by the end of 2021. Within the same week, Visa Inc. made an announcement of …
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Analyze Holiday 2020 Fraud February 26, 2021 The holiday season has come and gone, which means that there is planning ahead for the 2021 season. Planning further entails looking at 2020 holiday fraud-prevention tactics to identify best practices and areas for improvement. One of the key differences has been the trend to earlier holiday sales …
Nordic Countries Lead by Cashless Example February 19, 2021 Before the pandemic necessitated contactless payments, the use of cash was declining in light of e-commerce, fintech innovation and mobile wallets. The 2020 McKinsey Global Payment Report found that across select emerging markets, cash payment shares dropped an average of 17.8% between 2010 and 2020 (from …
