Breaking the Rules: Why Organizations Must Think Outside the Box to Combat Fraud
Although many organizations are still strategizing and piloting their artificial intelligence implementations, bad actors have already made AI an integral part of their fraud operations. One of the main reasons that criminals have been able to implement emerging technologies so rapidly is they are free from the constraints that hinder many legitimate organizations. In the […]
Credit Card Users Resent “Nickel and Dime” Surcharges
As reports of merchants imposing surcharges on credit card transactions continues to rise, credit card users remain frustrated by these fees. Many feel they’re being nickel-and-dimed when asked to pay extra for credit card processing. These findings come from WalletHub’s Credit Card Processing Fees Survey, which reveal that many consumers have been charged a fee […]
EU Banks Consider Stablecoin Launches After MiCA
With a clear regulatory framework in place, more European banks are planning to add digital assets in their product offerings. According to CoinDesk, ING, a Netherlands-based firm, is planning to launch a euro-backed stablecoin. This initiative may involve a joint effort with other EU financial institutions and crypto firms. Europe’s Markets in Crypto Assets regulations […]
Circle Mulls Bank Charter, Unveils Cross-Border Payments Network
More digital assets companies are expanding into traditional financial services territory, as evidenced by two recent moves by Circle. The firm, best known for its USDC stablecoin, revealed plans to explore applying for a bank charter. Gaining a bank charter would allow the crypto company to offer traditional lending products and take deposits. Circle also […]
Sam’s Club’s Ambitious Plan to Forgo Checkout Lanes
After a successful pilot at a store in Grapevine, TX, Sam’s Club will redesign all 600 of its locations to remove both self-serve and cashier checkouts, requiring customers to check out using its mobile app. Traditional checkouts will be replaced by a system known as Scan & Go, which allows members to scan products with […]
Capital One Moves Forward
It is more than a big deal that the Capital One-Discover acquisition passed its last two regulatory hurdles. The biggest credit card deal in U.S. history moves forward in mid-May 2025. In an all-stock deal, more than $100 billion in loan book will pass to Capital One, leaping the Richmond, VA lender to the top […]
Real-Time Payments Aren’t Yet the Next Big Thing for Merchants
There was substantial buzz when Walmart announced that—with Fiserv’s help—it was launching support for real-time payments through FedNow and the RTP network last year. However, for all the speculation that real-time payments will be the way of the future, there are reasons most consumers aren’t using pay-by-bank at retailers yet—and might not start any time […]
Memorized Card Numbers Linked to Increased Spending, Debt
Whether by design or sheer repetition, many consumers have memorized their debit or credit card numbers. That may be a handy piece of knowledge, but those who know their card numbers also tend to spend more—and rack up more debt. A survey from Western & Southern Financial Group found that nearly a third of Americans […]
How Some Employees Exploit Donation Matching Programs to Commit Fraud
The pervasive threat of fraud means organizations must be cautious when sending any payment, including when matching employee contributions to charitable organizations. According to Forbes, there are increasing instances where employees are manipulating programs intended to benefit nonprofits and charities in order to funnel funds from their employers. In some cases, employees have set up […]
What Global Payments’ Acquisition of Worldpay Means for Merchant Services
Global Payments has agreed to purchase Worldpay in a deal worth over $22 billion. FIS acquired Worldpay in 2019, but then sold roughly half of its stake to private equity firm GTCR four years later. Now, FIS and GTCR will divest themselves of Worldpay in a deal which will also see Global Payments selling its […]