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CFPB Determines BNPL Companies Must Follow Same Regulations As Credit Card Providers

CFPB Determines BNPL Companies Must Follow Same Regulations As Credit Card Providers May 29, 2024 Ever since the advent and subsequent boom in use of Buy now, lay later services due to the pandemic, many problems have plagued this relatively new payment service: according to Rohit Chopra, Director at the US Consumer Financial Protection Bureau […]

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Mastercard’s ‘First Party Trust Programme’ To Launch This Year

Mastercard’s ‘First Party Trust Programme’ To Launch This Year May 15, 2024 Earlier this year, we took a look at a study where many consumers accross the globe have admitted to first-party fraud, costing small businesses tremendously; not only on loss of revenue but also time. ‘First party fraud’ or ‘Friendly fraud’ involves genuine transactions

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False Declines Are Harming Brands As Users’ Complaints Reach Thousands in Social Media

False Declines Are Harming Brands As Users’ Complaints Reach Thousands in Social Media May 8, 2024 According to the latest report by global risk tech solution provider, ClearSale, failing to ensure seamless transactions can have a drastic impacton a company. The report, titled Ecommerce False Declines & Consumer Behavior, hopes to clarify consumer behavior when

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Mobile Payments: Will They Dominate The Market?

The idea of a comprehensive digital ID looks like the solution, but there’s much work to do in regards to implementing it. Such as which organization will have the responsibility of implementing such a thing, the extent to which consumers will feel comfortable using it, and the biggest one: are consumers ready to digitize their identity and put it on the internet.

All of these are possibilities and questions worth pondering, as technology advances, there are some compromises both organizations and consumers must make to keep new technologies from crashing and burning.

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Report: Cross-Border Payments Are Projected to Grow Rapidly Over the Coming Year

Experience amongst the population with all of these remittance options has been mixed. 32% of consumer respondents and 37% of small businesses have experienced a failed or late payment. 47% of these businesses say the experience made them more wary of using cross-border payments, and as a result they choose to go with domestic suppliers, despite the higher costs.

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European Union and Parliament Reached an Agreement on New Instant Payment Rules

European Union and Parliament Reached an Agreement on New Instant Payment Rules November 15, 2023 An agreement on the instant payments proposal has been reached between the Council of the European Union (EU) and the European Parliament. The proposal hopes to Improve the “Availability of instant payment options in euros to consumers and businesses in

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Nordic Countries Set Example When it Comes to Adopting Contactless Payments

Nordic Countries Set Example When it Comes to Adopting Contactless Payments November 8, 2023 For many industries, Nordic countries seem to be the most adaptable – especially when it comes to improving quality of life while also reducing the environmental impact, so it comes as no surprise that these countries are still on the lead

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