Page 13 - GS220502

IndustryUpdate

Midigator releases 2022 report on chargebacks against phishing, and sign-in will be radically more
secure when compared to passwords and legacy multi-
Chargeback technology platform Midigator released The factor technologies such as one-time passcodes sent over
Year in Chargebacks. The fourth annual report provides SMS.
insights into why disputes happen, how to effectively
prevent and fight chargebacks, and what can be expect- Blackhawk, Bitski, AMC team up on NFT promo
ed in the future, Midigator stated. Data-driven decisions
are an essential part of a successful chargeback manage- Blackhawk Network, a global branded payments pro-
ment strategy; however, key insights are often difficult vider, reported it is collaborating with NFT and block-
to determine and challenging to understand, Midigator chain wallet provider Bitski to distribute the world’s first
pointed out. promotion for an NFT with the purchase of a gift card,
offering both real and virtual world value.
The goal of the report is to provide valuable, relevant
data that can serve as a benchmark to evaluate individ- "Demonstrating this new capability via a promotion on
ual efforts. The research breaks down chargeback data Blackhawk Network’s Giftcards.com, the first 100 cus-
by industry, product type, and sales model to provide tomers who purchase an AMC Theatres gift card of $50
unprecedented analysis for top reason codes, win rates, or more will receive one of 100 limited-edition NFTs by
and ROI, Midigator stated. popular artist Jon Shelley, a.k.a. Kryptoz," the partners
stated. "Once recipients have registered and redeemed
NPD Group notes decline in retail sales the promotion via Bitski, recipients will be able to unlock
Giftcards.com’s special promotion within the NFT, for-
Consumers' willingness to spend has been crucial mally extending the value of Blackhawk’s core business
to maintaining a healthy level of retail performance into Web3."
throughout the pandemic, but demand has been soften-
ing for several months, The NPD Group reported. April OwlPay, Nium develop cross-border payments
2022 U.S. general merchandise unit sales were 7 percent
lower than a year ago, creating a 1percent decline in Blockchain services company OwlTing Group partnered
sales revenue, NPD added. with Nium, a money-movement platform, to power
OwlPay, OwlTing's new real-time cross-border pay-
“Higher retail prices have buffered demand declines ments service for ecommerce and travel platforms in
but their escalation, combined with rising gas prices, the Southeast Asia.
end of stimulus payments, and the general uncertainty
surrounding current economic and world events, are OwlPay provides a one-stop financial services integra-
factors on the minds of many consumers,” said Marshal tion service for global B2B transactions. The new service
Cohen, chief retail industry advisor for NPD. “Now covers automatic reconciliation, online currency swaps,
retailers are faced with a consumer base that has more and cross-border payment services, devised to stream-
complex financial dynamics influencing their inclination line traditional payment processes and significantly
to spend.” enhance operational efficiency for enterprises.

PARTNERSHIPS Using developer-friendly APIs, OwlPay connects to
business' internal management systems and provides a
one-stop service for administration of orders and pro-
Apple, Google, Microsoft viders, financial reconciliation, online audit, and pay-
endorse passwordless sign-in ment process automation, the partners stated.

Apple, Google and Microsoft disclosed plans to expand Paysafe, Playtech expand iGaming reach
support for a common passwordless sign-in standard
created by the FIDO Alliance and the World Wide Web Specialized payments platform Paysafe formed a new
Consortium. The new capability will allow websites and global partnership with Playtech, a gambling technol-
apps to offer consistent, secure and easy passwordless ogy company. The new agreement extends an existing
sign-ins to consumers across devices and platforms, the partnership between the two companies into the UK and
collaborators stated. Europe from the United States, where Playtech offers
Paysafe’s leading payment solutions to iGaming opera-
The expanded standards-based capabilities will enable tor customers through its technology platform, Paysafe
websites and apps to offer an end-to-end passwordless noted.
option, and users will sign in through the same action
that they take multiple times each day to unlock their Through a single, global streamlined integration with
devices, such as verification of their fingerprint or face, Paysafe’s API, operators in the UK and Europe will
or a device PIN. This new approach, they noted, protects now be able to leverage Playtech’s iGaming PAM,
Information Management Solution platform to access a

13