| JPMC halts non-PPP SMB lending, Mastercard preps merchants for chargeback deluge, Why insurers cling to the paper check | | | Mastercard: Helping Merchants Grapple With The Upcoming Chargeback Deluge A deluge of chargebacks is headed toward the payments industry. Johan Gerber, executive vice president of cyber and security products at Mastercard, tells Karen Webster that many companies are being inundated with demands to refund consumersâ money â and lays out the path toward a streamlined dispute process. |
| TrÅv: Why Insurers Still Cling To The Paper Check With the COVID-19 pandemic proving to be financially stressful, more consumers are seeking to receive funds or claim payments from businesses or insurers more quickly to stay afloat. Yet, many insurers are still largely disbursing funds through paper checks. In the latest Disbursements Tracker, Michele Schmitt of insurance technology provider TrÅv discusses what is holding insurers back and why mobile disbursements might be the solution. |
| Why Corporates Are Rethinking The Commercial Card For Payment As the coronavirus pandemic disrupts virtually every way organizations run, the current market climate is forcing a rethink of businessesâ payment strategies. Boost Payment Solutions Founder and CEO Dean M. Leavitt tells Karen Webster about some of the patterns already emerging that could spell long-term changes to the B2B payments ecosystem. |
| ISVs Help Merchants Make The Digital Pandemic Pivot — With Data Merchants are struggling with the coronavirus pandemic’s impact and must pivot to new business models that reach customers where they live, literally. Bjorn Ovick, chief commercial officer at RS2 Software, tells PYMNTS that ISVs and PayFacs can help those firms make the pivots with data and broadened payment options. |
| Shutting The Front Door On Online Fraudsters Many online merchants have built their security around the assumption that a fraudster will jump in at the end of a transaction, but that’s no longer true. Kount Executive Gary Sevounts tells PYMNTS that today’s scammers use bot armies, password spraying schemes, phishing scams and a host of other techniques to harvest good consumer information — and then leverage it to take over consumer accounts. |
| | Life On Lockdown: Living Paycheck To Paycheck | | NEW DATA: 60 Percent Of US Consumers Now Live Paycheck-To-Paycheck Six out of 10 American consumers are living paycheck-to-paycheck â and with unemployment rates rising, the pandemic could lead to permanent personal economic damage. How are consumers, particularly those lacking reliable cash flows, changing their everyday lives to cope with the economic slowdown? In the latest installment of Navigating The COVID-19 Pandemic Report, PYMNTS surveys 2,118 consumers to examine how they are prioritizing their day-to-day spend and managing life without steady incomes. |
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