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The fastest growing and declining retail brands in 2020

22 May 20 @ 09:42

The COVID-19 outbreak has led to the savage disruption of retail the world over. Almost overnight, foot traffic in physical stores disappeared, and supply chains were left scrambled. Now at... read more

New strain of trojan EventBot can clear out bank accounts

22 May 20 @ 09:32

Researchers are reported to be analysing EventBot, a new strain of Android malware that does not yet exist in the wild. Cybereason researchers did this by observing submissions to virus... read more

New payment methods to drive cashless payments

21 May 20 @ 16:09

Increasing financial inclusion efforts, the rapid uptake of contactless and mobile payments, and the introduction of new payment systems are contributing to growth in cashless payments worldwide. A new study... read more

Bank de France successfully test digital euro – Dutch want to lead

21 May 20 @ 12:58

Banque de France, the French central bank, has completed what it is calling the first successful test of a digital euro, as part of its ongoing experiments with central bank... read more

Identity fraud losses increase 15% as consumer out-of-pocket costs more than double

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

Facebook launches e-commerce play with Facebook Shops

20 May 20 @ 07:58

Facebook has unveiled a service that puts it in direct competition with Amazon and eBay pushing its 2.6 billion users onto its platform, Facebook Shops, which allow sellers to create... read more

PayPal rolls out global QR code payment system

19 May 20 @ 18:58

PayPal has rolled out the ability to use a QR code to buy and sell goods in 28 markets around the globe. From farmers markets to selling secondhand goods –... read more

EasyJet admits data breach via cyber-attack

19 May 20 @ 14:25

EasyJet has revealed that the personal information of 9 million customers was accessed in what the low-cost airline is describing as a “highly sophisticated” cyber-attack. The company announced that email... read more

First Data forced to pay $40 million fine over consumer scams

19 May 20 @ 08:11

First Data Merchant Services and a former executive have been forced to pay more than $40 million to settle a claim by the Federal Trade Commission that the company processed... read more

Visa files digital currency patent in US

18 May 20 @ 15:30

Visa has been reported to have filed an application to create digital currency on Ethereum blockchain with the United States Patent and Trademark Office. According to the application published May 14 —... read more

EuroCommerce petitions for more interchange fee regulation as card fees continue to rise

18 May 20 @ 10:39

EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... read more

Coronavirus tax relief scams and economic impact payments prove we need better ID verification

18 May 20 @ 07:00

New ID verification (IDV) solutions are emerging that revolve around mobile phone ownership and possession together, thereby detecting both stolen numbers and fraudulent numbers when performing a phone number check.... read more

Trending

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more