72% of Merchants Report Increase in Chargebacks, Leading to Higher Prices for Consumers
- 1 month 6 days ago
- Payments
Chargebacks911, the global chargeback technology leader, has found that 72% of merchants have experienced an increase in chargebacks over the past three years, with many businesses raising prices to offset the growing costs. These recently released findings come as the payments industry grapples with the fact that illegitimate disputes by cardholders through card-not-present (CNP) transactions are outpacing the growth of eCommerce sales.
Bluecode Introduces Contactless NFC Payments Alongside Existing Barcode and QR Code Technology
- 1 month 6 days ago
- Payments
Bluecode introduces NFC (Near Field Communication) for iOS and Android devices, as access to the NFC interface on iOS devices is now available.
Nium and HyperGuest Join Forces to Streamline Payments for the Travel and Hospitality Industry
- 1 month 6 days ago
- Payments
Nium, the leading global infrastructure for real-time cross-border payments, today announced a strategic partnership with HyperGuest, a premier B2B marketplace for the travel and hospitality industry.
TerraPay and Suyool Join Forces to Enable Instant and Secure Money Transfers to Anyone in Lebanon
- 1 month 6 days ago
- Money Transfers
In a significant step towards enhancing financial accessibility in Lebanon, TerraPay, a global money movement company, has partnered with Suyool, a licensed financial ecosystem regulated by Banque du Liban. This collaboration is set to transform how Lebanese residents send and receive money, addressing the pressing demand for fast, secure, and convenient remittance services.
Mastercard Launches Pay Local, Enabling Asia’s Digital Wallet Providers to Process Card Payments from More Than 2 Billion Mastercard Cardholders
- 1 month 6 days ago
- Payments
Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants, without needing to set up or top up a prepaid account.
Klarna Now Available at John Lewis & Partners
- 1 month 6 days ago
- Payments
Klarna, the AI powered global payments network and shopping assistant, and John Lewis & Partners have partnered to bring Klarna to JohnLewis.com and the John Lewis app. John Lewis’ customers can now choose to check out with Klarna’s interest-free Pay in 3 product allowing shoppers to spread the cost of their purchases over 60 days. The first payment is made at the time of purchase, followed by two subsequent payments at 30-day intervals.
MeaWallet Introduces New Features to Support Click to Pay, Enabling Safer, Faster Online Shopping
- 1 month 6 days ago
- Payments
MeaWallet, a leading digital payments enabler specialising in card tokenization, today announced several updates to its products in support of Click to Pay. The Click to Pay payment method is designed to deliver a seamless and secure online payment experience, enhancing both convenience and speed for consumers and merchants.
Plumery Partners with Payment Components to Modernise Global Financial Institutions
- 1 month 6 days ago
- Payments
Plumery, a digital banking experience platform for true customer-centric banking, today announced a new partnership with Payment Components, a leader in payments and open banking solutions. By decoupling digital experience and payment processes from legacy systems, institutions can now innovate more flexibly and efficiently, streamlining operations while maintaining their existing core banking frameworks.
NatWest and Mastercard Partner to Launch Mobile Virtual Card Offering for UK Companies and Their Employees
- 1 month 6 days ago
- e-Payments
NatWest has partnered with Mastercard to launch a new mobile virtual card payment solution for business – Approval2Buy with Mobile Virtual Cards.
Mastercard Partners with PayMate to Advance Digitization of B2B Payments Across EEMEA
- 1 month 1 week ago
- Payments
Mastercard has entered a multi-year partnership with leading B2B payments company, PayMate to enable fast, secure and convenient digital business-to-business (B2B) payments for organizations across several markets in Eastern Europe, Middle East and Africa (EEMEA).
FinMont Announces Strategic Partnership with Leading African Payment Processing Provider, iPay
- 1 month 1 week ago
- Payments
FinMont, a global payment orchestration platform, today announced a strategic partnership with iPay, a leading African payment processing and billing service provider. This collaboration aims to enhance FinMont’s payment ecosystem by integrating iPay’s innovative payment services, offering more flexibility and improved processing capabilities for FinMont's global network of travel industry merchants.
Wise Granted Direct Access to Philippines’ Instant Payments Infrastructure, Gets Settlement Account with BSP
- 1 month 1 week ago
- Payments
Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.
Affirm’s Flexible and Transparent Pay-Over-Time Options Now Available in the UK
- 1 month 1 week ago
- Payments
Affirm, the payment network that empowers consumers and helps merchants drive growth, has launched its flexible and transparent pay-over-time options in the UK.
Paxos Introduces Global Dollar (USDG)
- 1 month 1 week ago
- Cryptocurrencies
Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to... more
TBC UZ Launches Salom Card, Its New Flagship Daily Banking Product
- 1 month 1 week ago
- Payments
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces the soft launch of Salom Card, its flagship debit card product. Salom Card will initially be released exclusively for waiting list subscribers, with full rollout to follow shortly.
