Payment

Payment card thieves hack Click2Gov bill paying portals in 8 cities

In 2017 and 2018, hackers compromised systems running the Click2Gov self-service bill-payment portal in dozens of cities across the United States, a feat that compromised 300,000 payment cards and generated nearly $2 million of revenue. Now, Click2Gov systems have been hit by a second wave of attacks that’s dumping tens of thousands of records onto …

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Google supercharges its mobile payment app in India with WeChat-style mini apps

Google is officially embracing the super-app strategy popularized by WeChat and Go-Jek, with its Google Pay app in India. The internet giant is launching its new Spot platform, powered by its popular digital payments service. It allows businesses and merchants to create branded experiences that are accessible to customers through the app. Think tiny online …

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How to Cut Your Company’s Payment Fraud Risk

As companies continue to invest in heavily amping up their security measures, fraudsters are shifting their aim — now targeting business’s less-secure alternative payment methods. A record-breaking 82% of organizations became victims of payment fraud in 2018, according to the Association for Financial Professionals. The threats facing small and midsize businesses are more severe. The …

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iPhone 11 Upgrade Program PSA: If you have an iPhone XR, you’ll need to make a payment first

In just a few hours, iPhone 11 preorders will open across the world, and millions of people are already setting their alarm clocks, favoriting their preferred color and storage combinations, and checking their upgrade eligibility. But before you can start tracking your shipment, there are a few things you need to know. You need to …

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Q&A: What Apple’s embrace of cryptocurrency could mean for the payment industry

An Apple executive last week confirmed the company is interested in cryptocurrency, a revelation that came months after the company launched its CryptoKit for iOS 13. While still speculative, Apple’s CryptoKit is likely the first step in enabling the exchange of private and public keys that could allow users to make purchases with  bitcoin and …

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The Payment Revolution – Mobile Wallets to Cryptocurrency onto Wearables

The payment system saw a revolution from 2013. Slowly, but swiftly there were various payment concepts circulating and infiltrating the markets. E-commerce, of course, propelled the need for alternate payment methods from cash/cheque/draft onto a credit card, bank transfer, and e-wallets. There were concerns raised around privacy, interoperability, and security – which had quite a …

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Ecommerce in Russia: More Players, More Payment Choices, Better Logistics

Wildberries has been Russia’s largest online store for three consecutive years. Overall, ecommerce in Russia is growing, albeit slowly. I last wrote about the Russian ecommerce market in 2014, in “Ecommerce in Russia: Another Emerging Market?,” where I addressed the limited payment options and primitive logistics infrastructure. Those conditions have gradually improved. Russians now have …

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Keep Payment Processing Fees Low with these Tips

Accepting online payments and multiple forms of payment is the norm for most small businesses today. The few business that don’t accept multiple forms of payment are no doubt missing out on additional sales and revenue. We already know that people want to pay for goods and services that offer convenience and value, but it’s also convenient …

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How WEX Has Dramatically Diversified Its Payment Solutions

“Over the last several years in the company’s history we’ve diversified the business so that we have less and less exposure to fuel,” says WEX CEO Melissa Smith. “But as fuel prices go up we do have some benefit from that and when fuel prices go down we do have something negative to that. When …

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