Awepay

A self-help primer for merchants fighting card fraud on the front lines Criminals are always looking for the weakest link. The unlocked door. The sleeping security guard. The unsuspecting target of an email phishing scam. Illustration of man in mask reaching through computer and man with shield and sword fighting credit card fraud on the front lines The good news is that advances in credit card security technology have dramatically reduced fraudulent credit card use in-store. The widespread adoption of EMV chip systems save merchants and consumers billions from counterfeits and unauthorized card use. Reinforcing this new wave of security infrastructure, credit card processors and financial institutions continuously monitor merchant accounts to detect signs of fraud, stopping them before they occur. But technology is only one part of the puzzle. Human error at the point of sale continues to be a thorn in the side of merchants. “Card-present” in-store credit card f...

The online payments topic is treated dismissively even though it is very important. Merchant services are not exclusively responsible for quality mediation and safe money transactions, this is precisely why when choosing a provider the type, size and future perspectives of a business should be taken into consideration. Therefore, it's worth our time to get to know the characteristics of different types of payment providers so that our decision would be made fully aware of the facts and figures aiding our business. E-Wallet E-Wallet, or in layman's terms "electronic wallet", serves as one of the easiest payment solutions and frankly one of the most popular payment method. The idea behind it is that service providers create virtual accounts that can be loaded as pleased (like a pre-paid cell phone). Finally, a customer can use this e-wallet's virtual money to pay in every online store that accepts such a payment method. Our service providers role is...

As the online marketplace moves away from its official relationship with PayPal, it is moving into new relationships with new providers. As of this fall, Apple Pay will be one of the first new options on its new payment platform, making it possible for customers to either use Apple Pay in eBay’s mobile app, or for web purchases (provided they are using Safari as Apple Pay doesn’t work with Chrome or other browsers). The Apple Pay option will roll out slowly at first — only a small group of select Marketplace customers will get to use Apple Pay in the first phase of its introduction to eBay. The goal, however, is to make the transition to their own in-house payment platform by the end of 2021. The transition marks a definitive split from PayPal. eBay formally parted ways with PayPal in 2015, when it spun out as a stand-alone firm. eBay — as their contractually mandated partnership with PayPal is drawing to a close — is now working with Amsterdam-based company Adyen to...

Western Union announced on Tuesday (July 24) that ecoAccount digital wallet holders can now send Western Union international or domestic money transfers from the U.K. In a press release, the company said the capability was made possible by the integration of Western Union’s money movement functionalities within the ecoPayz platform. “Western Union is integrating our core business functionalities with third parties and their platforms to unlock new growth,” said Odilon Almeida, Western Union president of global money transfers, in a press release. “Our scale and omnichannel money transfer capability make it easy to integrate digital or cash money movement in today’s evolving digital financial ecosystem, allowing a greater universe of customers to be included, regardless of their digital or cash preferences.” Citing the World Retail Banking Report, Western Union noted that close to one-third of banking customers are using products and services from non-traditional firms. Acco...

Need help paying a BitPay invoice? Don't know how to pay to a payment URL? Check out our payment guide. BitPay invoices only work with wallets that are updated to work with Payment Protocol. Payment Protocol makes sure the Bitcoin or Bitcoin Cash you send is exactly the right amount. It also makes sure you include a high enough miner fee for the Bitcoin or Bitcoin Cash network to confirm your transaction. With Payment Protocol, you don’t need to worry about failed payments, delayed orders, or dealing with refunds. Payment Protocol also adds new security to payments, protecting you from sending payments to imposters or attackers. Learn more about why BitPay chose Payment Protocol wallets for payments. Payment Protocol Compatible Wallets Don't have one of these wallets yet? All of these compatible wallets are free to use. Just create a wallet (please use the current release version) and send some Bitcoin or Bitcoin Cash to it. Bitcoin (BTC) Wallets You ...

If dog days of summer are upon us, payments infrastructure deals and initiatives show little torpor from the heat. To that end, PPRO Group, based in the United Kingdom and operating as a cross-border ePayments firm, said in the beginning of the week that it had received a $50 million in an investment round led by PayPal. In its own release, PayPal stated it had been joined by firms, including returning investor HPE Growth Capital and Citi Ventures, in that funding round. PPRO, for its part, stated that it will use the money to expand its payments platform, including the international presence of its alternative payments-acquiring operations. PayPal said the funding comes on the heels of an agreement with PPRO that will provide a range of payment options for PayPal’s merchant roster, which in turn expands the choices consumers have when making their payments across borders. PayPal and PPRO said the investment is expected to close in the third quarter of this year. Citi stat...

When it comes to initial coin offerings (ICOs), the saying “here today, gone tomorrow” seems to apply, with the lifespan – from token sale to flameout – roughly that of a quickie marriage consummated in Vegas. But business models be darned – or be sketchy or be absent. Get in early enough on the ground floor, and the returns? To quote an old Seinfeld episode: They’re real and they’re spectacular. To which we might add: And built on a shaky foundation? Timing seems to be everything with ICOs, as with so much else in life. In research that debuted earlier this month, findings from Boston College show that more than 4,000 ICOs – or, to be more specific, ICOs that had projects attached to them – have raised more than $12 billion to date. Ah, but the timing, again: In tandem with that eye-popping dollar amount, more than half of those ICOs are gone just like that, as they fail, disappear, shut their doors within four months after the token sales are completed. “...