DCR’s Favourite Payment Industry Posts of April 2017

payment industry

One third of 2017 is already over! Here are some of our favourite payment industry posts for the month of April.

Privacy Benefits of Using a Prepaid Card For Online Shopping
“In 2015, credit card fraud accounted for 71 percent of all fraud losses in the United States. On the other hand, prepaid card fraud only counted for 4 percent of all financial fraud. According to the “How Canadians Pay Today” survey from the CPPO, 66 percent of consumers are concerned about the security of their credit and debit cards when making online purchases, however only 28 percent of people had similar concerns about prepaid cards. Consumers and companies have been turning to prepaid cards in droves because of enhanced security features that give them an edge over traditional banking methods. But what are these features?”

Paybefore Reveals 2017 Pay Awards Winners
“Paybefore today announces winners for the 2017 Pay Awards—the most prestigious recognition of excellence in the global prepaid and payments technology industry. Our expert panels—focusing on Prepaid, Retail & Loyalty and Payments Technology—have made their decisions. Now you can weigh in and help your favorites win the coveted Best-in-Category designation.”

16 Cheque Infographic Stats That Show Why Cheques Are On Their Way Out
“Using is cheque is a thing of the past. Cheques are old, outdated, and on their way out–they are analogue players in a digital world. People and businesses want security, speed, and ease-of-use, and there are much better solutions to these problems than cheques. Don’t believe us? Check out the cheque infographic stats here.”

2017’s Top Launches so Far: Mobile Mania and More
“As mobile payments continue to move into the mainstream globally, new services are rolling out on a steady basis to fill the growing demand for general and more specific use cases. Meanwhile, there’s been a recent surge of activity around “mobile” in a slightly different sense, as providers test drive car-based payments services.”

How To Protect Your Privacy And Avoid Financial Fraud With Prepaid
“Using a prepaid card is the safest and smartest way to make purchases, whether you are shopping online or in person. With its zero-liability protection, instant reporting, real-time monitoring, and lack of connection to credit/bank accounts, using a prepaid card decreases the chances of fraud, theft, and loss for consumers… However, that doesn’t mean you should willingly take on risks; you still have to be intelligent, vigilant, and wary about privacy and security issues.”

IRF Guide Gives Incentive Professionals a Crash Course in Behavioural Economics
“”Behavioural Economics” isn’t just a class you almost failed in college. As it turns out, it’s also a really useful discipline to leverage when creating incentive, rewards, and recognition (IRR) programs, according to the Incentive Research Foundation (IRF), which published a new guide to help IRR professionals learn and apply behavioural economics approaches in the realm of employee performance.”

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