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Square: Card Not Present Transactions, Square Card Spend See Gains In Q3

PYMNTS

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Total net revenues of $3 billion were up from $1.9

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Banks look to fintechs to stave off threat from Big Tech

Neopay

Banks that want to thrive over the next decade need to be able to incorporate an offering that is instant, seamless and secure so they continue to operate as everyday payment providers to their customers and keep up to date with the expectations being set by the global technology giants.”

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What Is an EFT Payment?

Payment Savvy

And with the continued growth of mobile commerce, we can only expect electronic transfers to become even more prevalent. Many different platforms facilitate P2P payments; Paypal and CashApp are two popular examples. Today, many different types of EFT services are available, ranging from direct deposit to online banking.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

Regardless of where you land on this topic politically, I do think one critical aspect of the solution to this problem is continued consumer education. On one side, there are regulators concerned about the perceived growth of scam losses through popular P2P payments apps like Zelle, Venmo and CashApp.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

Lastly, navigation within each channel must be reviewed continuously to ensure it does not degrade ease of use. Third-party P2P apps, like CashApp, use a few icons very effectively to streamline their experiences. Consumers consider branch offices more secure and informative than digital channels like web portals and mobile apps.

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Wise to reform AML oversight

Payments Dive

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