Credit card surcharges are permissible in most states and are useful to merchants for what those fees cover, but many consumers dislike these charges even though most will pay them. As payments choice proliferates, however, we see consumers who use a more diverse assortment of payment...
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Having endured two years of COVID, waves of lockdowns, a mash-up of mask mandates, sporadic business restrictions, extensive wage and labor challenges and more, the nation’s beleaguered retail industry is now facing a brand new competitor that could prove to be its most challenging headwind...
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The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American Bankers Association (ABA) and the Community...
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Digital payment software platform ACI Worldwide expects a 23% global spike from 2020 in eCommerce between Thanksgiving and Cyber Monday, according to a press release, and a 14% jump in eCommerce from October through December. Tickets are expected to be the hottest items on shoppers’ lists this...
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FiNet is excited to announce that we’ve worked with our payment processors to create a solution for your CBD business customers. We know our financial institution partners have seen a tremendous influx of new clients specializing in CBD-related products, many of which are clamoring for a...
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Customers flocked to online channels to access the goods and services they needed during pandemic closures, and research shows they have no plans to change their new habits upon returning to pre-pandemic conditions. Global consumers created 15 new online accounts each during the health crisis on...
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As consumers continue to return to the aisles en masse, retailers are seeking new ways to keep them coming back, even when online and mobile options beckon. One method of keeping consumers happy to be in a physical store is making in-store shopping more like the...
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The practice of swiping could soon be limited to thieves and online daters as Mastercard Inc. prepares a phaseout of the magnetic stripes that enable people to swipe their credit and debit cards. Though magnetic stripes have been a fixture of payment cards for decades, the...
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FiNet is proud to be a strategic event sponsor of the annual convention for the Community Bankers Association of Ohio, taking place in Columbus, Ohio. Now in its 47th year, the annual CBAO convention is a cornerstone for community banking in Ohio. The convention features education...
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About 2.8 billion mobile wallets were in use worldwide at the end of 2020, and the number is expected to jump 74% to 4.8 billion within five years, according to a recent forecast from global mobile-payment network provider Boku in conjunction with Juniper Research. While mobile-wallet...
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