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IndustryUpdate

PayJunction launches website Surveys analyzed responses from 6,600 consumers in the
detailing resources, products United States, Japan, Germany, France, Britain, Canada,
Spain, Brazil and Mexico. Thirty eight percent of respon-
PayJunction, a merchant service provider and payment dents stated they plan to make online purchases during
gateway, launched a new website that includes three November and December this year, up from 32 percent
redesigned and 12 new pages devised to market the in 2017. In the United States the increase was from 35
company's product, features and culture. PayJunction percent last year's holiday season to 39 percent in 2018.
builds and designs all of its products in-house. The com- Major findings included an across the board rise in plans
pany said it wanted the new website to reflect the pixel- for online purchases in the United States and in Britain
perfect design, ingenuity and simplicity of its products. and a drop in the popularity of Black Friday in Japan,
Germany, France and Spain.
RESEARCH PSCU studies consumer payment preferences

AFP warns of rise in accounts payable fraud Credit union service organization PSCU released its Eye
on Payments study, which surveyed credit union mem-
The Association for Financial Professionals reported that bers and nonmembers about their payment preferences.
payment fraud has become more sophisticated, and com- The research highlights ways consumers apply their
panies need to improve accounts payable procedures. In needs and desires to their choice in payment methods
the 2018 AFP survey of nearly 700 treasury and finance and gives key information about the factors that influ-
professionals, researchers found that 78 percent were hit ence consumers daily. PSCU said it discovered that
by fraud in 2017, and checks were the most susceptible when making payments, consumers are motivated by
to fraud. "It is alarming that the rate of payment fraud two primary needs: safety and convenience.
has reached a record high despite repeated warnings,"
said AFP president and CEO Jim Kaitz. "In addition to PARTNERSHIPS
being extremely vigilant, treasury and finance profes-
sionals will need to anticipate scams and be prepared to
deter these attacks." Bluefin, Destiny Solutions partner on P2PE

Prepaid load growth steady as segments shift Bluefin, a provider of payment security solutions, is
now collaborating with Destiny Solutions, a specialist in
A new research report from Mercator Advisory Group customer lifecycle management software for higher edu-
titled 15th Annual U.X. Closed-Loop Prepaid Cards Market cation. Bluefin will provide its Payment Card Industry
Forecasts, 2017–2021 provides an analysis and forecast (PCI)-validated point-to-point encryption (P2PE) solu-
of the growth and development of the U.S. prepaid tion through the Destiny One platform. The offering
cards industry through
2021. The report examines
loads, growth potential,
and market dynamics in
the United States across
all closed-loop prepaid
segments. It also identi-
fies key segments that will
continue to decline over
the next few years as well
as those that should see
growth. The economy,
politics and consumer
behavior will influence
which segments grow and
which decline, Mercator
stated.

Online holiday
purchases continue
upward trend

A survey conducted by
One Hour Translation
through Google Consumer

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