For the past year, the financial landscape has revolved around two influential technologies: open banking and genAI. Open Banking has been a hot topic due to the evolving discussions triggered by the Consumer Financial Protection Bureau’s introduction of Rule 1033, which focuses on the ownership and control of customers and their data. Gen AI has been the other driving force, …
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Open banking is a growing trend in the financial industry, which I’ve discussed a few times before here. The idea is to promote data sharing between banks and third-party providers. And, a new ruling from the Consumer Financial Protection Bureau (CFPB) has significant implications on this front. The CFPB recently released their final ruling on Section 1033 of the Dodd-Frank …
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Rapid advancements in AI are bringing new opportunities to the fintech space… as well as a lot of uncertainty. As we move into 2025, we’re seeing a total reshaping of how financial services are delivered. We’re seeing innovative solutions and the disruption of traditional practices. However, the wave of change also creates a landscape where businesses face constant challenges in …
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The 2024 holiday shopping bonanza broke all records. We saw consumers worldwide spend $1.2 trillion online, as revealed in a Salesforce report on Monday. $282 billion of that total came from the United States alone. However, with this surge in holiday sales, merchants should also expect a correlating increase in product returns and disputed transactions, indicating a tough Q1 2025 …
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Businesses require a broad fraud prevention strategy. This means being proactive about reducing threats and protecting their income. Traditionally, North America and Europe have been prime targets for eCommerce fraud, but it’s rapidly expanding in other regions, too. The recently released Identity Fraud Report 2024 from Sumsub, for example, reveals a rapid increase in fraud in the Asia-Pacific (APAC) region, …
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As we transition from Black Friday and Cyber Monday into the heart of the holiday shopping season, it’s important to balance our festive enthusiasm with a measure of caution. While most of us are focused on finding the perfect gifts and enjoying the season, it’s also a time when scammers are particularly active, seeking to exploit the holiday rush. Nobody …
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Great news! I’m pleased to say that Chargebacks911 has been nominated for the Best Security or Anti-Fraud Development title at the 2025 Card & Payments Awards! As if that weren’t enough, our UK-based subsidiary, Fi911, has also been tapped for the Best Industry Innovation award for our work with Dispute Lab. This is an awesome honor, both for me and …
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Flexible payment solutions, no-cost trial periods, and automatic billing methods are all strategies aimed at encouraging customers to opt for ongoing purchases. It seems to work, as data from Bango indicates the typical American is subscribed to around 4.5 services at any given time. eCommerce businesses garnered $193.6 billion in revenue from subscriptions in 2023. But this doesn’t come without …
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I’m very happy to say that my team at Chargebacks911 has been selected as the silver award winners in the Business Philanthropist of the Year category at the 2024 Globee® Awards for Leadership! This recognition is truly an honor and a testament to the hard work and dedication of our team. At Chargebacks911, we believe that success in business should …
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Every year, out team at Chargebacks911 conducts an in-depth survey of merchants operating in the North American market. We ask a variety of questions, all aimed at putting together a dynamic, insightful, and thought-provoking study that gets at some of the key pain points that merchants face, as well as opportunities to address those pain points. We parse the data, …
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