Eighty-six percent of consumers shopping online are targets of debit-card schemes and other forms of fraud, and these growing threats are pushing banks to rethink the tools in their fraud-fighting arsenals. In the Next-Gen Debit Tracker, People’s United Bank executives Karen Boyer and Frank Wheelahan...
Consumers have more heavily leaned on debit during the pandemic, with the economic downturn making shoppers more cautious than ever about the prospect of taking on credit card debt. A recent study even estimates that shoppers could ultimately shift $100 billion worth of annual spending...
Card not present (CNP) debit transactions are growing swiftly during the pandemic as many consumers limit their in-store shopping and leverage services such as curbside grocery pickup, meal delivery apps and online retail to meet their needs while social distancing. Merchants and financial institutions (FIs)...
The COVID-19 pandemic is shaking up shopping behavior. Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. Shoppers are also more...
October 07, 2022
The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels for fraudsters and other criminals seeking to co-opt our personal and card-level data to keep their schemes chugging along. “The fraudsters are really innovative, and very adaptive. They’ve responded to […]
September 09, 2020
The COVID-19 pandemic is shaking up shopping behavior. Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless...
July 02, 2020
Consumers who are seeking to avoid exposing themselves or others to COVID-19 are turning to eCommerce where possible and are demanding touch-free ways to pay when they have to visit...
August 30, 2018
When myPOS launched in 2014, cash was still mostly king among small businesses. In fact, as Andrew Byrne, COO at myPOS, told Karen Webster, in some places it still is....
