card payment news and archive

Card payments soared to 90 percent of retail payments in 2021

The pandemic changed the way consumers pay, with card use accounting for 90 percent of all retail payments in 2021, as the public was advised to use contactless payments. The British Retail Consortium’s (BRC) latest annual Payments Survey reveals that cash usage fell to just 15 percent of all transactions in 2021, down from 30 percent in 2020....

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Online payment fraud to cost retailers 25bn dollars by 2024

A new study from Juniper Research finds e-commerce merchant losses to online payment fraud will exceed 25 billion dollars in 2024, up from 17bn dollars in 2020. The report, called Online Payment Fraud: Emerging Threats, Segment Analysis & Market Forecasts 2020-2024, shows the popularity of online shopping and why payments pose a compelling...