Credit Cards

30 Jul 5 Things to Consider When Choosing Payment Processing

Posted at 09:09h in Banks & Fees, Business, Contactless Payments, Credit Cards, Ecommerce, Mobile Payments, Our Merchants, Payments Security, PCI Compliance, Tips and Tricks by Eric

Whether you're a new merchant to the game, or making a switch, choosing the right payment processor can be an overwhelming process. With dozens or more options to choose from and confusing terms like merchant account or chargeback to name a few, choosing a payment...

09 Jun Mastercard Donates $1.3 Billion to aid Africa’s Covid-19 Response

Posted at 16:47h in Credit Cards, News by Eric

Tuesday, June 8th, The Mastercard Foundation announced its efforts in improving Africa’s COVID-19 response with a whopping $1.3 billion donation. How will the Mastercard Foundations' funds be used? The Mastercard Foundation’s $1.3 billion donation will be spread over three years to aid the manufacturing and delivery of...

29 May Younger Generations Driving Digital Wallet Use And Debit Payment Over Cash/Credit

Posted at 11:19h in Banks & Fees, Contactless Payments, Credit Cards, Ecommerce, Mobile Payments by Eric

Millennial and Gen Z consumers have been impacted the most by the latest financial crises. Both have been financially affected by the Great Recession of 2008-2009 and the pandemic. These events have caused significant unemployment rates and negatively affected many consumers' credit scores. Because of these...

30 Apr Pandemic accelerated: 5 payment trends for 2021

Posted at 23:00h in Banks & Fees, Business to Business, Contactless Payments, Credit Cards, Ecommerce, EMV, Mobile Payments, New Technology, News, Payments Security by Eric

The past year has been incredible for the digital and payments space. Due to COVID-19 we’ve seen a significant change in the way consumers shop and handle payments. Over half of consumers surveyed by JP Morgan last year agreed that they used digital banking tools more...

25 Apr Will we ever become a completely cashless society?

Posted at 15:20h in Banks & Fees, Contactless Payments, Credit Cards, Ecommerce, EMV, Inspiration, Mobile Payments, New Technology by Eric

The COVID-19 pandemic has accelerated many industries especially ecommerce and mobile payments. For example, the US ecommerce market grew 44% in 2020 – nearly triple in spending from 2019. In the UK, the numbers are nearly parallel with the US at 46% growth according to...

20 Dec Top 5 Mobile Payment Apps Of 2020

Posted at 22:16h in Contactless Payments, Credit Cards, EMV, Mobile Payments by Eric

Mobile payments have been on the upwards trend over the past few years but have become significantly more important today during the global pandemic. With mobile payments, you avoid worrying about how sanitary the cash is in the register, and it’s more convenient to pay...

26 Aug Apple makes moves in the payment industry with Mobeewave acquisition

Posted at 13:00h in Banks & Fees, Business, Contactless Payments, Credit Cards, EMV, Mobile Payments, New Technology by Eric

Mobeewave Inc. a Canadian-based startup has been recently acquired by Apple. According to Bloomberg, the California tech-giant paid roughly $100 million USD for the company. What does Mobeewave do? Mobeewave developed technology that allows merchants to use their iPhones as mobile payment terminals. The technology allows you to...

29 Jul 7.5 Million Users Exposed By Dave Banking Security Breach

Posted at 11:46h in Banks & Fees, Business, Credit Cards, Data Breach, New Technology, Payments Security by Eric

Dave, the personal finance app and challenger bank, announced a security breach this Saturday. Dave is a unicorn tech company leading as a US challenger bank that offers free overdraft cash, budgeting, credit building and more. Approximately 7.5 million Dave users had their information exposed on a...

01 Feb Amazon envisions the next level in biometric payments: Waving with your hand

Posted at 14:33h in Business, Contactless Payments, Credit Cards, New Technology by Eric

Last week, Amazon made plans to introduce terminals that will allow consumers to make payments by waving the palms of their hands. These terminals would be placed in brick in brick and mortar shops and would be enabled to link consumers’ credit card information to...

31 Jul What Businesses And Consumers Should Know About The Capital One Breach

Posted at 22:27h in Banks & Fees, Credit Cards, Data Breach, News by Eric

Yesterday, a week after Equifax reached a whopping $650 million dollar settlement from their 2017 breach, Capital One disclosed in a press release that it suffered a massive data breach exposing the personal information of about 100 million Americans and 6 million Canadians. Again, another huge...