Payments News

On The Web

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Reports

UN Report: N. Korea Targets Cryptocurrency Exchanges, Banks

“Between January 2017 and September 2018, the Democratic People’s Republic of Korea carried out at least five successful attacks against cryptocurrency exchanges in Asia, resulting in the theft of $571 million in currency, the report concludes. The UN report also notes North Korea’s ability to attack banks across the world, including the Bangladesh Bank heist […]
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Reports

The Global State of Online Digital Trust

“It is crucial for business leaders to understand public sentiment concerning sharing their information online, as it has tangible consequences for their bottom line. And the consensus among consumers is clear: in a survey conducted by Frost & Sullivan and CA Technologies, 78% of consumers responded that it is very important or crucial that their […]
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Reports

Bountiful Stolen Personal Data Fuels Unrelenting Online Fraud Attacks, Forter Says

“In a time when criminal access to consumer data has never been more common, merchants continue to experience pervasive and persistent fraud attempts. That’s the key takeaway from the 2019 sixth annual Fraud Attack Index from Forter Inc. released Thursday. How bad is the problem? Fraud grew in 2018 in every online merchant segment tracked […]
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Reports

U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

“U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances re-touched […]

On The Wires

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Reports

Wirecard-commissioned Study Finds US Businesses Want a Single Digital Platform, Global Expertise, and Streamlined Operations for E-Commerce Success

“A new study commissioned by Wirecard and conducted by Forrester Consulting[1] has identified the greatest opportunities and challenges for small and midsize businesses in the United States, and concluded that digital payment providers with global capabilities may offer the most optimal strategies for merchants’ e-commerce success. E-commerce sales worldwide topped $1.9 trillion in 2016 and are set to reach […]
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Reports

Visa Releases Global Study: The Future of Transportation: Mobility in the Age of the Megacity

“Building on Visa’s experience working with transit operators, automotive companies and technology start-ups, Visa commissioned a global study, “The Future of Transportation: Mobility in the Age of the Megacity” to better understand the challenges commuters face today and in the future. The key findings were combined with a view of existing and near horizon innovations provided by […]
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Reports

German Consumer Insights Study | First Data

“First Data released its first nationally-representative study of more than 2,000 German consumers. The study examines consumers’ preferred payment methods, as well as the key factors that influence the adoption of card and contactless payment methods, including security, accessibility and age. The findings span the entire population and compare national regions. 42% believe contactless payments […]
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Reports

Get More From Real-Time Payments

“Real-time payments, when combined with open banking, are also being used to promote financial inclusion and instill efficiency in payment systems in developing economies. Early electronic payment adopters are using real-time to spur competition. Developed economies like Denmark and Sweden are leading the world in per capita usage of real-time payments as cash usage dwindles. […]