| Fraud And Location Data Study |
| New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free Geolocation data offers banks great potential in the fight against fraud, yet only 28 percent of consumers are currently sharing such details with their banks. Why the disconnect? According to a new study â Location, Location, Location: How Location Data Can Help Banks Fight Fraud â 2,000 U.S. consumers say they arenât being asked, but say they would gladly share if they were and understood why. |
| Why Refunds Are The New Chargeback Merchants have a new fraud battle to fight â one whose origin isnât so obvious but whose perpetrator is very familiar. Kount Chief Customer Experience Officer Rich Stuppy tells PYMNTS that refunds are the new chargeback, and âserial returnersâ are to blame. |
| Former Saks CEO Sadove Says Physical Retail Will Transform To Survive Black Friday marked the unofficial beginning of a holiday-shopping season that will be unlike any other due to COVID-19. But Mastercardâs Steve Sadove, who served as chairman and CEO of Saks from 2006 to 2013, tells Karen Webster that this isnât the end of brick-and-mortar holiday shopping. Hereâs how he sees the winners and losers. |
| FinTechs Prove Their Value During The Pandemic Being a FinTech means providing merchants with data, analytics and insights. But MerchantE Chief Financial Officer Shim Steinmetz says that the pandemic has made delivering those capabilities even more urgent, so that the businesses can focus on what they do best. |
| PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma) Regulatory hurdles still exist, but when PayPal announced that its 350 million users can buy and sell and transact with bitcoin and other cryptocurrencies, the game changed. Daniel Gouldman, CEO of crypto-banking platform operator Ternio, tells PYMNTS that it’s so simple, even Grandma now has a way to interact with cryptocurrency. |
| | Exclusive: Consumers And Black Friday 2020 | | New Data: Black Friday 2020: COVID-19 Steepens Physical Retailâs Long Slide A PYMNTS survey of a national sample of 2,147 U.S. consumers shows that 75 percent of Black Friday 2020 shoppers made purchases online â and 30 percent of those shoppers used only digital channels. COVID-19 played a role played a role, but shoppers overwhelmingly cited convenience as the No. 1 reason why they shopped online â leaving physical retailers to ponder their futures as digital-first and digital-only consumers seem just fine leaving physical retail behind |
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