Indisputable: More Credit Card Disputes

Indisputable: More Credit Card Disputes

As if rising credit card risks and accounting changes under Current Expected Credit Loss (CECL) bring gloom to quarterly reporting, the industry must also watch for an increase in disputed payments, as the American Banker reports in today’s read.

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6 Ways David Marcus Transformed Facebook Payments

6 Ways David Marcus Transformed Facebook Payments

It was an attention-grabbing decision when Facebook hired PayPal’s president, David Marcus , in 2014. At the time, Facebook didn’t have much of a dedicated payments business to speak of; when people thought of spending money on Facebook, they typically thought of in-app purchases in Farmville.

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Visa Becomes First Digital Payments Network to Issue Green Bond

Visa Becomes First Digital Payments Network to Issue Green Bond

Visa has priced its inaugural green bond offering, totaling $500 million, paying a semi-annual coupon of 0.75% and maturing August 15, 2027. The green bond, believed to be the first issued by a digital payments network, will be used to help advance the company’s commitment to environmental sustainability and a sustainable payments ecosystem.

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American Express Reportedly in Talks to Buy Kabbage for $850M

American Express Reportedly in Talks to Buy Kabbage for $850M

Dive Brief: American Express is in advanced talks to buy online lender Kabbage, a person familiar with the matter told Bloomberg. An agreement could be announced as early as this month, the person said. The all-cash deal could be worth as much as $850 million, the person said.

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E-Commerce and Other Payment Trends Were Catching Fire Even Before Covid, a Debit Study Shows

E-Commerce and Other Payment Trends Were Catching Fire Even Before Covid, a Debit Study Shows

Key payment trends now being driven by the Covid-19 pandemic were already gaining a full head of steam much earlier, according to debit card transaction data released early Monday by the Pulse electronic funds transfer network.

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Contactless Payments Win Out Among Health and Safety Concerns

Contactless Payments Win Out Among Health and Safety Concerns

The contactless payment landscape is one that has benefited from the growing health concerns across the globe, according to new analysis from global digital business transformation consultancy Publicis Sapient.

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California Judge: Uber, Lyft Can’t Call Drivers Contractors

A California judge has passed an injunction to force Uber and Lyft to stop classifying their workers as independent contractors rather than employees, CNBC reported. The order, pending further court action, will take place in 10 days. The companies have requested a brief stay for appeals. The issue of how the gig workers for the […]

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Debit Cards Dominating Retail Payments, Fueled by P2P and eCommerce

Debit Cards Dominating Retail Payments, Fueled by P2P and eCommerce

For a product that was introduced before any Millennials were born — much less members of Gen Z — the debit card continues to show it has as many lives as the proverbial cat, adapting surprisingly well to an increasingly digital world. Debit card transactions grew 6.5% in 2019, a healthy number in itself.

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Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other hardware. In the deal, news of which broke as the weekend began, the Cupertino, Calif.-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal.

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Consumers Want Mobile Technology in E-Commerce but a Third Still Haven’t Experienced It

Consumers Want Mobile Technology in E-Commerce but a Third Still Haven’t Experienced It

The acceleration of e-commerce adoption in 2020 has fueled 10 years’ worth of growth in 90 days, according to a new study from Periscope by McKinsey.

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