Remove Cards Remove Customer Experience Remove Fraud Remove Samsung
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A Digital Transformation Journey: The Humble Wallet

FICO

All I really think I need is an ID holder for my driver’s license, since I’ve migrated most other payments options like my debit card and credit cards to my digital wallet (AKA my smartphone). And I’m not alone, as many others are eagerly moving their payment information into things like Apple Wallet and Samsung Wallet for daily use.

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How Payments Security Drives Digital Transformation

PYMNTS

Payments had been relatively static with innovation around cash, checks and credit cards. In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. And there’s a huge land grab for mobile wallet space, so banks are trying to achieve a seamless customer experience.

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Why Credit Unions Can’t Take Member Trust For Granted

PYMNTS

By way of example, Fagan noted that with the “pays” ( Apple Pay , Google Pay and Samsung Pay ), if those firms tried to go individually to several thousand credit unions, the effort would be a struggle. For users, being able to use points accumulated at the point of sale, with ease, can be a game-changer, cementing loyalty for cards.

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Commanders In Chief: For Payments Innovation, Look Beyond The Pipes

PYMNTS

Looking back over a five-year time frame, with an eye on innovation that has enabled all of the above top-down momentum in payments, the executive said the most important events have included a real “difference between infrastructure changes and what the customer might see.”. Some ideas and technologies evolve markedly, according to Norton.

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It’s A Wrap: Innovation Project 2016 Recap

PYMNTS

That was a day that dove deep into conversations (and debates, of course) about IoT security, payments fraud and authentication, payments roadblocks and enabling financial inclusion. ” “Ride the rails that are already accepting these cards.” “The [mobile] wallet war is not about us against each other.

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Gonzo Notes from Money20/20

Gonzobanker

Samsung Pay was launched in the United States after piloting in South Korea. Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies.

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Game-Changing Tech Or Dystopian Nightmare? How 16 Industries Could Be Transformed By Facial Recognition

CB Insights

The tech isn’t limited to protecting online data: CaixaBank in Spain is using facial recognition at its ATMs to provide bank customers with an extra layer of security. Face scanning helps to prevent fraud by eliminating the need for a PIN or even a card swipe, both of which are susceptible to being stolen. Food & Beverage.