AARP issues raised mobile payment fraud risk warning

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The organization is cautioning consumers to take care when using apps to send money. AARP has issued a warning cautioning consumers about an increase in mobile payment fraud risk. It has warned individuals to take care when using peer-to-peer (P2P) payment apps which are rapidly rising in popularity during the pandemic. The apps can be safely used but can also present notable security risks and challenges recovering money. The concern is that not all of these apps are as secure as they should be. Moreover, even when opting for some…

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Over half of Americans who have tried contactless payment will use it again

Contactless payment - mobile payments

New Amex research shows 58 percent of people who tried this type of transaction are more likely to use it. Americans who have tried contactless payment because of the COVID-19 pandemic are more likely to use it again, said results from a new Amex survey. Online and mobile ordering for delivery and pickup options are also more appealing to consumers. Contactless payment and online and mobile delivery and pickup options are becoming increasingly popular options. Moreover, consumers who tried them for the first time due to the coronavirus pandemic are…

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Mobile shopping payment trends are shifting due to pandemic trends

Mobile shopping payment - paying via smartphone

A new Paysafe study showed that consumers are changing the way they want to pay online. The results of a new Paysafe report show that over half of consumers in the United States are shopping online due to the pandemic and mobile shopping payment preferences are shifting. Shoppers can’t access brick-and-mortar retail stores because of social and distancing regulations. Without being able to shop in-person, many consumers are looking online to a far greater extent than they had before. In fact, 54 percent of American shoppers are turning to online…

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Alipay mobile wallet launches Wuhan merchant recovery effort

Alipay mobile wallet - shops and hotel in China

The top m-payment provider in the world is implementing several local assistance strategies. As Wuhan re-opens after having been the heart of the COVID-19 pandemic, Alipay mobile wallet is moving forward with a number of measures to help local merchants recover. The m-payments giant has 900 million direct customers and is launching new assistance efforts. Alipay mobile wallet is owned and operated by Ant Financial Services Group. It has 900 million direct customers. It recently created a special page on its smartphone app. This page is meant specifically to identify…

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Scam Bitcoin QR code generators stole $45k from unsuspecting users last month

Bitcoin QR code generators - Bitcoin and quick response code

In March a total of 7 BTC were swiped from people through fraudulent barcode scans. A total of 7 BTC – the equivalent to about $45,000 – was stolen from unsuspecting people who scanned barcodes from fake bitcoin QR code generators, said one security researcher. Nine fake websites have been identified by the researcher as scam BTC-to-barcode generators. Those websites claim to provide their users with a quick and convenient method for generating barcodes. Bitcoin QR code generators make it simple for people to accept cryptocurrency transactions using a barcode…

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