The holiday season this year is going to be a little different. Instead of rushing to the mall to find great deals and the perfect presents, consumers will be shopping from their laptops. Criteo, a leader in eCommerce marketing, found that 88 percent of consumers this year plan to shop online this holiday season. To adapt to the changing nature of shopping, businesses will need to pivot their focus to eCommerce and updating infrastructure to…

If your business accepts credit cards, you’re likely familiar with the basics of credit card fraud and chargebacks. If you’re not, here’s the rundown: Banks, payment processing networks and fintech companies pump millions of dollars and countless research and development hours into keeping our payment options secure. Despite their best efforts, credit cards and PINs still get stolen. In the case of true fraud, a stolen credit card is used without authorized access. If you’re…

Picture this. You walk up to your front door and a beam of light scans your eye. The door opens and you walk inside. As you take off your coat, you receive a notification on your phone about an abnormal charge on your debit card. You lift your phone to your face and are instantly looking at your recent bank statement. No, you have not been transported to a new spy movie. You are living…

Visa is making changes to the rates that merchants pay to accept its card. According to a report from Bloomberg, the changes will be the biggest in a decade. Visa had planned to roll out these changes in April and October but delayed them until April 2021 in light of the coronavirus pandemic. “The exception is the planned interchange reductions in the supermarket segment will go forward. We believe this is the right decision to ensure the…

According to a report from CompareCards.com, nearly 50 million cardholders had their credit limits involuntarily reduced or even had a card closed by their issuer in April. The same survey found that 3 in 10 cardholders are using credit cards “more than ever” since the onset of the coronavirus pandemic.  Considering the impact that COVID-19 has had on the economy, it’s no big surprise to see banks reduce their lending. In uncertain economic times, banks…

Do you wonder how many infections could be stopped if we kept our cards — and our germs — to ourselves? According to a study conducted by finance site LendEDU, debit and credit cards are dirtier than cash and coins. In fact, the sanitation monitoring device used to calculate their “germ score” by measuring the number of bacteria on a particular surface found that our payment cards beat out public train station bathrooms! For obvious…

According to Digital Commerce 360’s analysis of U.S. Department of Commerce data, the percentage of total retail sales made online compared to in-store rose from 6.4% in 2010 to 16.0% in 2019. With businesses being forced to close their doors to the public during the current COVID-19 pandemic, there’s no doubt online sales will continue to trend upward. While the younger generations were already living exceedingly online lifestyles, the steps consumers must take to keep…