If a recent survey from our partner Worldpay holds true to form, European merchants are going to have to upgrade their payment technology to accept a number of different payment methods in the coming years. European consumers are going to be paying for their goods and services in several ways, says the survey: mobile phones,…
Category: Industry News
5 Ways 3D Secure 2.0 is a Shadow of its Original Self
3D Secure 2.0 is going to make merchants rethink their checkout process. Some time ago on one of our satellite websites, we appealed to merchants to think about utilizing 3D Secure to combat e-commerce fraud. It was a big ask – 3D Secure was considered a disruptor, an invitation to checkout abandonment. That has all…
Why We Don’t Approve of Ticket Bots
A week ago, the U.S. House of Representatives passed the Better Online Ticket Sales (BOTS) Act and Congress passed legislation to illegalize the use of ticket bots – ‘robots’ of sorts that snap up all the good tickets for shows and sporting events – mainly used by independent ticket resellers, who then mark up the…
Why Merchants Need to Know About the Latest Google Update
Google updates often elicit groans and headaches from website owners. They are somewhat disguised by cute names such as ‘Panda’ and ‘Penguin,’ to soften the blow. Then there was ‘Mobilegeddon,’ the Google update which penalized websites in search rankings that weren’t mobile friendly. The latest update, to take effect in 2017, is another doozy: Google…
EMV Chip Cards at the Gas Pump? Not Until 2020
While consumers have largely adapted to using their EMV chip cards at different points of sale, they’ll still be swiping at the gas station for the foreseeable future. The next four years, that is. Visa and MasterCard announced Thursday morning that the EMV liability shift deadline for fuel pumps has been delayed until Oct. 1,…
Accepting Credit Cards for Medical Marijuana: How Close Are We?
Cash is still king in the medical marijuana industry. But the industry is growing desperate for a change – a change to mainstream credit card use. Accepting credit cards for medical marijuana is spotty at best. Some small, regional banks have the ability to process transactions for such, but certainly not without an element of…
Alternative Payments We’re Going to See Very Soon
Garry Lyons, Chief Innovation Officer at MasterCard, offered the quote of the day Tuesday, Oct. 25 at the Money 20/20 Tradeshow and Convention in Las Vegas: “More is going to happen in the next five years than the last 50.” Mr. Lyons was a panelist in the seminar titled, Major Payment Networks Innovation Roundtable, an…
Avoid False Declines: Know What to Look For
It’s the age in which we live. Merchants are sometimes so careful about fraudulent orders, they mistakenly turn away legitimate ones. As e-commerce merchants are increasingly targets for fraudsters and hackers, most merchants have their guard up – way up. The result of suspected fraudulent purchases, the issue of false declines is a new problem…
Why High Risk Merchants Should Care About 'Project Catalyst'
To some high risk merchants and their payment processors, the Consumer Finance Protection Bureau is akin to the neighborhood bully who moved into town 5-6 years ago and started dictating new rules. It’s not a stretch to say, among high risk merchants and processors, it’s a popular school of thought. But the Bureau’s latest initiative…
What the Future Looks Like for Online Lending
Online lending and alternative lending companies are sprouting like weeds. Regulations, though well-intentioned, are in a patchwork stage of sorts. Sunday’s Money 20/20 seminar, The Implications of Regulation and Self Regulation for Online and Marketplace Lenders, addressed the issues of regulation, trends and a wish list of sorts from an expert panel from the likes…