The peer-to-peer payment network Zelle is under fire. Senator Richard Blumenthal, D-Conn., called on the Consumer Financial Protection Bureau to investigate the dispute resolution practices of Early Warning Services, which operates the network, as well as three of the big banks that own EWS.
Alternative online payments poised for global growth, new report says
Monday, August 12, 2024
The latest Alternative Online Payment Methods Market 2024 report from ResearchAndMarkets.com forecasts that the global transaction value of digital wallets is expected to surpass EUR 10 trillion by 2028, nearly doubling from 2023 levels.
Today we're highlighting new research from Mastercard indicating contactless payments were a major factor in the company's second quarter 2024 growth, Stripe's introduction of no-code adaptive pricing globally, Checkout.com's new secure payment authentication from Google Pay, and the surprising effectiveness of over-the-top employee perks.
More Americans are using debit cards for more transactions, and they are spending more in the process, according to a study just released by Discover Financial Services.
Mastercard, Visa versus merchants settlement in the cards?
Wednesday, August 7, 2024
The legal tussle between the card brands and merchants may be headed for court, but executives at Mastercard and Visa still hope they won't have to face a verdict.
Recently, The Green Sheet caught up with Guillaume Tournand, vice president of growth at Worldline Merchant Services, where he extends the company's unique selling proposition through geographical expansion, alternative payment methods and M&A. The focus of the interview was payments and digital commerce in Türkiye. Following are highlights from the discussion.
Data breach costs have reached a new high. IBM reported that globally the average cost of a data breach reached $4.88 million in 2023, as breaches grow more disruptive and further expand demands on companies' cyber teams.
This week we've highlighted research affirming the appeal of digital banking, a call for better frameworks for open banking and smart data initiatives as a new government takes charge in the UK, an alternative to traditional paid social and search advertising, and a new resource from The Clearing House on real time payments.
The Payment Systems Regulator released its annual report detailing the performance of UK payment firms in combating authorized push payment (APP) scams. These scams, where fraudsters trick victims into sending money to accounts they control, result in substantial financial losses and significant emotional distress for victims.
