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Samsung Pay Crosses 1.3 Billion Transactions, But Falls Short of Apple Pay

Bank Innovation

As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but its numbers still lag its main rival, Apple Pay. Samsung revealed yesterday that it had completed 1.3

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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

PYMNTS

Samsung To Roll Out Pay Card For Digital Wallet With Mastercard, Curve. Samsung Electronics Co. plans to offer a Samsung Pay Card that will operate like a digital wall for customers. For the launch, Samsung is linking up with Mastercard and FinTech Curve.

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Whose Customer Is It When Banks And FinTechs Collaborate?

PYMNTS

And, he noted, banks and FinTechs are going to need time to negotiate their relationships with each other, and with consumers the world over. Why Banks Need FinTechs. And increasingly, banks are starting to think of FinTechs not as the enemy, but as potential partners. Why FinTechs Need Banks.

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Bustlingly Busy, Visa’s Vistas Expand

PYMNTS

FinTech : Amid JPMorgan Chief Jamie Dimon’s letter to investors — heavy on the cautionary statements about America and its domestic challenges — one eye-popping stat stood out. Hacking, Hacking Everywhere : The venerable Samsung brand may be under attack. Sizzle of the Week : Visa Checkout’s 20 Million Customer Milestone.

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Island Pay Plans Contactless Rollout In The Bahamas; UnionPay Brings App To Hong Kong And Macau

PYMNTS

Island Pay plans to roll out a digital cash service called the Contactless Companion Platform (CCP), which will enable consumers to load money onto fobs, cards and wearable items, the company said in an announcement. With the rollout, customers can bring Monese debit cards to Google Pay accounts.

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Deep Dive: How Securing Customer Onboarding Can Curb Negative Option Billing Subscription Creep

PYMNTS

The Deep Dive also highlights innovative fraud detection technologies that FinTechs and other businesses are employing — such as artificial intelligence (AI), machine learning (ML) and dynamic biometrics — to thwart criminals. Consumers are advised to call billers or card providers directly to stop such charges. Data-Rich Defenses.

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Why Credit Unions Can’t Take Member Trust For Granted

PYMNTS

Innovation remains desired by the respondents of the Index — but perhaps not to the overwhelming degree one might expect in a world where FinTech and digital wallets, and all manner of mobile banking, seem to make daily headlines. He added, though, that security remains the number-one reason why members choose a particular card.