paymentsjournal

The Gig Economy Spawns Innovations in Fast & Real-Time Payments

The gig economy is a busy economy, with ripple effects across the payments landscape. Workers are working around the clock. Small businesses are handling customers on the phone while paying suppliers online and dreaming up catchy social media posts. And corporations are trying to effectively manage-and pay-gig workers in order to keep them around.

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Visa Next Poses Risks & Opportunities for Processors, Acquirers & Fintechs

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Digital Disruption’s Secret Sauce: Human Empathy

More than four out of five financial institutions believe their business is at risk due to digital innovation, according to a PwC . They certainly have good cause to lose sleep.

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Transactions Grow, Yet Cash Still Preferred

More cities and other municipalities are banning retailers from banning cash. Since a percentage of the population still operates in a cash-only environment, and many but not all, are low-income individuals, banning cash is the equivalent of banning this segment of society from these establishments.

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Credit Card Rewards: Easy but Not Cheap

You can’t argue that credit card rewards stimulate spending after almost 35 years since Citi’s American Airlines AAdvantage test, but they come at a price. Some will argue that the best programs come with higher fees. Others argue that they are a losing proposition for credit card revolvers, but at least for now, they are […]

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Installment Loans: Credit Card Acquistion Tool, Retention Product or FinTech Line of Defense

Credit card issuers that dominate the industry, such as American Express, Chase and Citi have no intention of ceding the market to FinTechs,.

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2019: The Breakthrough Year for Open Banking

January 2019 marked a year since open banking came into play in Europe. While 2018 saw a steep learning curve for all involved, the next year will start to show serious, market-defining transformation. Will banks manage to capitalise on new ways to stay relevant in the digital era? Marten Nelson, Co-founder and CMO of Token, […]

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Why SMEs Need to Do More to Mitigate Fraud (And How)

Recent figures indicate that as many as 44 percent of small businesses in the UK have been targeted by fraudsters with one in four businesses falling victim to fraud. A massive 18.9 billion is the estimated loss to UK SMEs.

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Should You Doubt the Security of Biometric Systems

This article in government security identifies several methods by which a biometric-based identity solution can be hacked and is well worth a read if you want to become better educated regarding the every changing attack vectors now targeting biometrics. However, Mercator’s comments below try to provide more nuance.

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How 3D Secure 2.0 Is Set to Be a Game Changer

Peter Caiazzi, Managing Director of TAS USA was commuting by train to a remote office for three years. He would purchase his train ticket, not at the station, but online totaling up to around 100 transactions per year.

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Growing Your Business Through Payments Analytics

From tech to education to healthcare, predictive analytics has infiltrated almost every industry. Most of the things we do leave a digital footprint, which contributes to a verifiable amount of data ripe for analyzing. Once the insights are available, they can be used to make very important business decisions.

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“On-ATM” – The Rising Culture of On-Demand Cash

Cash is resilient. Through decades of plastic-based and digital payment innovations, this tried-and-true tender has proven its staying power. However, it’s safe to say that the way consumers view cash and want to use it is very much evolving. Today’s consumers want access, freedom, and choice. They want control.

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