New Technology

30 Jun What is Ransomware and What Should You Know?

Posted at 11:30h in Business, Cryptocurrency, Data Breach, New Technology, Payments Security, PCI Compliance, The Cloud, Tips and Tricks by Eric

Ransomware is a type of malware from cryptovirology – the study of using cryptography to design malicious software, that threatens to lock out a victim's access to or publish their personal data unless a ransom is paid. Essentially, ransomware uses encryption to hold a user or...

30 Jun 5 Payment Trends that are Transforming Commerce in the World

Posted at 10:32h in Business, Ecommerce, New Technology by Nico

As business and technology continue to collide and amplify one another, is it imperative that business owners are tuned into the rapidly evolving commerce landscape. These five trends are just a few of the proven innovations that will continue to dominate and dictate the direction...

27 May What is Multi-Factor Authentication?

Posted at 12:03h in Business, Data Breach, New Technology, Payments Security, The Cloud, Tips and Tricks by Eric

Multi-factor Authentication (MFA) is an authentication method where a user is given access to an application or website after providing two or more verification factors. In addition to using a username and password to gain access to your apps, MFA requires the user successfully present...

18 May China Officially Bans Financial Companies From Offering Cryptocurrency Services

Posted at 23:39h in Banks & Fees, Cryptocurrency, New Technology, News by Eric

Today – May 18, 2021. China banned financial institutions and payment service providers from offering any services related to cryptocurrency transactions. This is China’s latest attempt to curb the digital trading market. According to Reuters, “Under the ban, such institutions, including banks and online payments channels, must...

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...

18 Apr P2P Payments: Do The Benefits Outweigh The Risks?

Posted at 15:27h in Banks & Fees, Mobile Payments, New Technology, Payments Security by Eric

These days, there are many P2P options in the market, including: Apple Pay, Google Pay, Paypal, Facebook Pay, Venmo, Zelle and Square Cash. As we continue through our second year of the pandemic, mobile P2P payment apps and services have increased in popularity like never...

10 Apr More bumps in the road for Bitcoin’s acceptance as payment

Posted at 11:21h in Mobile Payments, New Technology, Point of Sale by Eric

We’ve seen some major changes for Bitcoin in the past year. In the middle of March 2020, at the start of the pandemic, Bitcoin saw a significant low of just under $5,000 in line with the stock market crashing. Like the stock market, Bitcoin saw a huge...

17 Jan What is a virtual card and how can they help business?

Posted at 12:55h in Business, Business to Business, New Technology by Eric

Virtual cards are temporary credit card numbers that can be used to make purchases. They are designed to protect your actual account number from fraud. Virtual cards can be requested through your credit card issuer and are a great way to protect your identity when shopping...

01 Oct 7 advantages of digital payments during COVID

Posted at 11:09h in Banks & Fees, Contactless Payments, Ecommerce, Mobile Payments, New Technology, Our Merchants, Our Partners by Eric

The trend away from cash is nothing new and with consumers concerned about the health risks associated with handling cash, it’s no surprise that contactless and digital payment adoption is accelerating. According to a recent survey by the Electronic Transactions Association, 27% of small businesses in...