News Topic: Online payments
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Small banks, credit unions push back against Fed debit-routing proposal
Facebook learns from its mistakes in payments
How Latin American installment lenders vet new borrowers
PayPal, Arkose to address fraud in loyalty redemption
JPMorgan Chase, ACI to offer multichannel payments in Europe
Klarna said to raise up to $1 billion at $31 billion valuation
The fresh funding would recrown the Swedish company as Europe’s most valuable startup after the payments business Checkout.com was valued at $15 billion. ... Read full article
E-commerce scammers branch out
Fraudsters have increasingly targeted financial services, online dating sites and social media since the end of the holiday season. ... Read full article
Dirty money: Sex and the payments industry
When Mastercard and Visa cut ties with Pornhub in December, it was abrupt but unsurprising. The banking and payments industries have had a long and conflicted history with adult content. ... Read full article
EBay hires Discover’s U.S. cards chief to drive growth
EBay has hired Discover’s top U.S. cards executive, Julie Loger, for the newly created position of global chief growth officer. ... Read full article
Visa pilots card-not-present security app with MSUFCU
The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments. ... Read full article
Zelle small-biz payments volume jumps 30% from 2Q to 3Q
The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply. ... Read full article
Merchants brace for 'friendly fraud' surge as holiday shopping moves online
Online fraud typically spikes when holiday shopping begins in November, but so-called friendly fraud poses another big threat this year with the pandemic pushing more consumers — and inexperienced merchants — to online sales channels. ... Read full article
Could coronavirus chaos bring bill payment back to banks?
Bank bill-payment sites have become less relevant over the last decade as more people go to billers’ websites to pay directly or use billers' mobile apps — often at the last minute. But the COVID-19 pandemic could flip the script on the $4.6 trillion ... Read full article
Square revenue rises even as coronavirus hurts seller volume
Square's gross payment volume tumbled by 15% year-over-year due to COVID-19’s impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans. ... Read full article
Amid a crisis, PayPal has its best quarter since its IPO
The company's results put firm numbers on one of the most discussed business trends of the pandemic economy — the acceleration of digital payments. ... Read full article
Marqeta to provide tokenization for JPMorgan virtual cards
The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021. ... Read full article
Marqeta to provide tokenization for JPMorgan virtual cards
The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021. ... Read full article
Payment facilitators struggle with risk of pandemic payments — would banks do better?
Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks. ... Read full article
Colorado bank rebrands to highlight bigger role in payments
The newly minted Transact Bank will provide payment processing and card issuing services to a wide range of clients. ... Read full article