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IndustryUpdate

and Forecasts to 2027, shows that percent, TSG stated. Also, TSG noted, acquirers have also begun actively pro-
growth in total purchase volume moting cash discounting programs to attract merchants and save money, and
was seen across debit, credit and when done correctly, cash this can be lucrative for merchants and acquirers.
prepaid cards, and in all regions.
Excluding China—which accounted PARTNERSHIPS
for 50 percent of total card spending
across the globe—growth remained
high at 22 percent. The study shows BNPL provider Zip added to PPRO infrastructure
debit cards saw the largest increase PPRO, a provider of digital payments infrastructure, integrated buy now, pay
in spending, rising by 25 percent to
stand at $28 trillion, RBR added. later (BNPL) provider Zip onto its platform, further expanding its Australian
payments offering. Zip, which includes Zip Pay and Zip Money, becomes
SEON finds huge growth in the first Australian BNPL method to be added to PPRO's digital payments
account takeover attacks infrastructure and sits alongside other Australian local payment methods,
PPRO stated, adding that the new integration allows PPRO's global partners
Fraud fighters SEON said its latest and their merchants to offer Australian consumers a way to pay with their
report highlights staggering growth preferred checkout option when they shop online.
in account takeover fraud online.
Researchers compiled several piec- Diversified Financial picks FTNI solutions
es of recent research on the sub- Diversified Financial, a financial services provider for the agricultural indus-
ject, while also providing advice on try, reported that it selected Financial Transmission Network Inc.'s ETran ful-
how businesses and individuals can ly-hosted online payment portal and EPay modules to streamline acceptance,
best stand up to the challenge. Key processing and posting of electronic payments across its accounts receivable
findings from the report include: operations. This development is designed to deliver DFS's customers easy-
around 22 percent of adults in the to-use, contactless online payment options. Customers will now be able to
United States have been a victim of view, select and pay open invoices via credit card and ACH, store payment
an account takeover, account take-
over is one of the most prevalent
forms of fraud affecting ecommerce
businesses in 2022, and a study
by Security.org shows the average
successful account takeover incurs
losses of approximately $12,000.
This form of attack tends to occur
when a fraudster poses as an estab-
lished, genuine client of a busi-
ness, or as an employee, and gains
control of an account under a false
pretense, researchers stated.
TSG reports on U.S. surcharging

The Strawhecked Group recent-
ly issued the U.S. Surcharging
Snapshot Report, which covers
credit card surcharging trends and
includes feedback from a poll of
small business merchants on their
understanding and use of surcharg-
ing, which has grown more popu-
lar as a solution to economic fac-
tors exacerbated by the pandem-
ic. According to TSG's Acquiring
Industry Metrics platform, a busi-
ness with about $200,000 in annual
debit and credit card sales could
expect to save around $2,700 per
year (assuming half the business's
sales were made using credit cards
with a card processing fee of 2.7

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