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Samsung Pay Launches Debit Card, Money Management

PYMNTS

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. smartphone users. .

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Home Depot Sues MasterCard, Visa Over Chip Card Security

PYMNTS

Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. It’s the latest large retailer to raise the security concerns, with a lawsuit filed this week in U.S. than cards used in Europe and elsewhere in the world.

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Innovation Still Centers on Cards as Mobile Payments Languish

Bank Innovation

Cards may be fumbling at the innovation game, but they’re still the center of the payments world, while mobile payments remain a geeky sideshow.

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NY Man Gets Jail Time For $390K Card Skimming Scheme

PYMNTS

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. The case was prosecuted by Homeland Security Investigations, along with agents of the U.S.

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CoinEx Teams With Simplex For Credit Card-Enabled Crypto Buys

PYMNTS

The partnership enables CoinEx users to buy cryptocurrencies like bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USDT with their Visa or Mastercard credit cards directly. Enabling fast and secure credit card payments is a key step to mass crypto adoption. The processing fee for Simplex is 3.5

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Global EMV Chip Cards Approach 5 Billion

PYMNTS

Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 percent of all card-present transactions conducted globally between Jan. 2015 used chip technology, which was up slightly from 32 percent for the same period in 2014.

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Chip Card Shipments Top 2.3 Billion In 2017

PYMNTS

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement. marking a twofold increase over 2014.

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