payments
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Virtual card technology transforms business-to-business payments
Date: December 1, 2022
By David Wood, chief product officer, Conferma Pay Corporations have continued to develop their commercial payments processes in recent years, responding to the challenges of the pandemic and new technical solutions on offer. A key trend in the business-to-business (B2B) payments space has been the growth of virtual cards, with the benefits of the technology...
How biometric payments are tackling financial exclusion
Date: November 29, 2022
By Catharina Eklof, CCO, IDEX Biometrics We are moving closer to a cashless society: 89% of payments in the UK are contactless and, globally, contactless payment transaction values are set to surpass $10 trillion by 2027. Ease, convenience, security, and inclusion have accelerated the transition away from cash. However, many of today’s current payment solutions...
European retailers downbeat despite black Friday boost
Date: November 29, 2022
By Maria Sheahan, Toby Sterling and Alvise Armellini BERLIN/AMSTERDAM/MILAN (Reuters) -Europeans snapped up smartphones, Christmas decorations, sweaters and jewellery during a surge in shopping over the Black Friday weekend, though prospects for the festive season remained gloomy, retailers said. A survey of 400 businesses by Germany’s HDE retailers’ association showed just over half of merchants...
Secure and simple payments are more important than ever during uncertain times
Date: November 29, 2022
By Ralf Gladis, CEO, Computop The economic outlook for the year ahead is unclear but this will not stand in the way of innovation, particularly when it comes to payments. Continued developments in security and automation will take priority, but everyone can look forward to improved payment processes in multiple scenarios. Already plans are afoot...
Combating the rise of financial crimes in payment service providers
Date: November 28, 2022
By Kristina Nikipolska, CAMS (Certified Money Laundering Specialist), Head of AML & Compliance Department of ECOMMPAY Financial crime in eCommerce has been a problem since the very beginning of the industry, but a rise in online shopping during the pandemic has been accompanied by significant increase in fraudulent activity. Approximately £17 billion ($20 billion USD)...
Cost-of-living crisis casts shadow over europe’s black Friday
Date: November 25, 2022
By James Davey LONDON (Reuters) – Europe’s retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup. Retailers across Europe fear the overall Christmas trading season could be the worst in at least...