Widespread data breaches have sparked a rise in account-takeover fraud using stolen consumer credentials, prompting merchants to crack down on suspicious purchases. But too many legitimate customers are getting caught in the process.
Users of Facebook's social image sharing network Instagram are getting more access to one-click purchases directly from the app through new integrations this week with Shopify and Bigcommerce.
Banks are unlikely to develop their own social media platforms, but they may have a chance to overtake this market by customizing the smartphone's keyboard app.
