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Samsung Pay Launches Debit Card, Money Management

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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.

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Deep Dive: Fighting Card Data Breaches With Payments Partnerships

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Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. This is a sharp decline from 2018, when 42 percent of such providers said the same.

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Nilson Report: U.S. Payment Card Market Tops $6T 

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Commercial and consumer cards issued in the U.S. trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 Commercial card spending was $1.39 generated $6.13

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Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct

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Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1

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NatWest Is Testing Biometric Credit Cards

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bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. 7, and it’s in tandem with Mastercard and the digital security company Gemalto. If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. .

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Zopa Secures UK Banking License

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Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. Still, the CEO said Zopa placed a priority on developing and owning its own technology. million) to become a challenger bank.

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

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We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

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