Payments News

On The Web

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Reports

Brits Care More About Online Payment Security Than Convenience

“British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert.   Two thirds (66%) of people rate safe and secure payments as most important in the online checkout process, with only one in ten being most concerned about speed or […]
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Reports

Payments in a Global, Digital World: The Australian Payments Council Strategic Agenda

“Our world is increasingly globalised, digitalised and inter-connected; our lives are increasingly shaped by global platforms. Within this changing world, the payments system is rapidly becoming the point of integration for a range of services and products. This changing context points us towards the need for a new direction in our strategic thinking. The new […]
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Reports

Cash Trends in the Modern World

“Cash as a payment medium is alive and well, even if it is slowly decreasing as a proportion of total payments. Cash’s share of total payments has declined, on average, 1 to 2 percentage points each year since 2015, when we began conducting DCPC studies regularly. The latest DCPC shows cash is the second most […]
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Reports

How Consumers Approach the Many Ways to Pay

“Adoption of online and mobile banking seem to be entry points to other digital services, including bill payment. As adoption and use of online and mobile banking increases, bill payments in those channels are expected to see corresponding gains. Seventy-four percent of online banking users take advantage of online bill pay, and 65 percent of […]
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Reports

Facing a Big Jump in U.S. CNP Fraud, Retailers Turn to Automated Tools

“This fraud will increase from an estimated $5.5 billion this year to $6.4 billion in 2021. “CNP fraud losses continue to increase globally due to the wealth of data available from data breaches and other sources,” Shirley W. Inscoe, a senior analyst at Boston-based Aite, says in an email. “Some countries that saw a decline […]
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Reports

EAST Publishes European Fraud Update 2-2019

“Two countries reported mobile wallet fraud in relation to Apple Pay. One reported that mobile wallets are fast becoming the new money mules – fraudsters are enrolling cards that are not yet associated to a specific wallet. Another country reported that fraudsters are obtaining security codes through phishing, with which they can then install a […]
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Reports

The Future of U.S. Fraud in a Post-EMV Environment

“Having begun in earnest in 2015, the U.S. payments card industry is now, in 2019, approaching full adoption of EMV chip cards. The United States’ efforts have lagged those of many other developed countries in adopting EMV. This paper explores data from three of these countries (the United Kingdom, France, and Australia) to extrapolate fraud […]
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Reports

China Internet Report: Tech Firms Go From Copycats to Trailblazers

“Today, global internet companies from the US to Southeast Asia are looking to replicate Chinese concepts – from models such as the all-in-one super app, to social commerce as well as short video, according to findings from the China Internet Report 2019 .The second edition of the China Internet Report, launched at Hong Kong’s RISE […]

On The Wires

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Reports

Mobile Money Transfers to Exceed 200 Billion Transactions in 2024

“According to the new research, Digital Money Transfer & Remittances: Domestic & International Markets 2019-2024 , domestic transfers are being driven by increasingly easy mobile payment systems. In developed markets, digital wallets have made P2P payments far simpler, with services including PayPal, Venmo and Cash App enabling low cost, fast and secure payments for a […]