Payment processing

Inertia or resistance to change have kept small businesses from making the move to more modern systems, says Clover's Mark Schulze.

Instead of a live caller engaging in social engineering with a single prospective target, automatic dialers call thousands of people, instructing them to call bogus telephone numbers purported to belong to the IRS, Social Security Administration, or their bank, says The Santa Fe Group's Bob Jones

Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks.

The shift from person-to-person deposits to digital options – including mobile, ATMs and RDC – has created new challenges to fraud prevention efforts.

As the incumbents gets bigger, the innovation that created the urgency continues unabated.

The acquisition of Ingenico by Worldline will create the world’s fourth largest payments company and a juggernaut in merchant services.

Magecart attackers steal credit card or bank data directly from the checkout pages on e-commerce websites and resell them on the dark web, says PerimiterX's Ameet Naik.

Transit systems have become an outlet for new payment technology for both challenger fintechs and incumbents, with terminal maker Ingenico targeting North America for open loop transit payments in the next year.

What Google ultimately does with its Google Checking service for banks will have a major effect on how mobile payments at all levels — from point of sale, to e-commerce, P2P and bill pay — will move forward.

Like its rival Mastercard, payments volume is on the rise at Visa, but the coronavirus complicates the near-term economic outlook and makes China an even tougher market.