PYMNTS

JUNE 17, 2020

Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. The bank’s Islamic Research and Training Institute ( IRTI ) will be working with Samsung-backed blockchain provider BLOCKO.

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blockchain Fraud Indiana Bitcoin 132

PYMNTS

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

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PYMNTS

MARCH 21, 2017

Bank will enable its corporate customers to use their commercial cards via the mobile Apple Pay , Android Pay and Samsung Pay solutions, reports said Monday (March 20). According to the bank, this makes it the first to support mobile payments for Visa commercial card transactions. Bank corporate card customers.”.

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Apple Cards Mobile Samsung 100

Abrigo

DECEMBER 3, 2021

Underground” Telegram Channel offering OTP bot subscriptions for worldwide banking fraud . The “Pay Mode” lets the fraudster link a credit card (presumably a stolen one) to a Samsung or Apple Pay wallet. . The calls rely on fear, convincing victims to act to “avoid” fraud in their accounts. Fraud Prevention.

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PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

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Payments Source

MAY 15, 2019

Today: Walmart upgrades its online shopping; Paytm introduces a card and addresses internal fraud; Samsung extends crypto support; U.K. The information you need to start your day, from PaymentsSource and around the Web. fintech investment stays strong.

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Samsung Fraud Fintech Cards 72

PYMNTS

APRIL 5, 2019

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. South Korea-based Samsung has indicated it wants to add more cryptocurrency support to that mobile device as well. Bad Year for Bitcoin.

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cryptocurrency Samsung Bitcoin blockchain 137

PYMNTS

OCTOBER 28, 2016

Payment security and IoT technology remain an ongoing concern for credit card and smartphone companies, for example, as they explore innovative ways to protect sensitive customer data from cybercriminals. By using retinal scanning, for example, Samsung Galaxy Note 7 users are now able to make mobile payments.

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PYMNTS

JANUARY 23, 2019

The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay. Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards.

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Samsung New York Branding Apple 162

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Use of Apple Pay, Samsung Pay etc. Contactless and Mobile Payments.

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Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Use of Apple Pay, Samsung Pay etc. Contactless and Mobile Payments.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

JANUARY 11, 2020

Hackers threatened to publish sensitive personal data on customers, like credit card numbers, if they’re not paid $6 million. Samsung recently inked a deal with Finablr , Travelex’s parent company, on a cross-border payment wallet, but said it had “decided to disable the international payment service at this time.”

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PYMNTS

JANUARY 11, 2020

Hackers threatened to publish sensitive personal data on customers, like credit card numbers, if they’re not paid $6 million. Samsung recently inked a deal with Finablr , Travelex’s parent company, on a cross-border payment wallet, but said it had “decided to disable the international payment service at this time.”

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Samsung System Company Cards 130

PYMNTS

APRIL 7, 2017

Hacking, Hacking Everywhere : The venerable Samsung brand may be under attack. Last week, Visa and Samsung announced a joint partnership that will allow Samsung Pay users in the U.S. to link their Samsung Pay account with their Visa Checkout account for online shopping. Visa has been very busy lately.

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PYMNTS

FEBRUARY 26, 2018

That data will be used to instantly verify those mobile device users around the globe with the aim of reducing fraud tied to account openings. Together, Apple and Samsung have about 70 percent of the U.S. As a percentage of adults, those market share numbers roll out to Apple at 33 percent, Samsung at 22.8 percent and 29.5

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PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., after being slow to be embraced by consumers.

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FICO

JULY 10, 2020

Simply hover a compatible card or smartphone payment option, like Apple Pay or Samsung Pay, close to the card reader until it acknowledges payment, often with an accompanying beep. While there have been reports of an increasing amount of fraud via this transaction method, it is not from a lack of security features.

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Payments Fraud Samsung Security 52

PYMNTS

OCTOBER 31, 2019

However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. According to the firm’s general counsel, Nathan Garnett, the marketplace relies on both machine learning and human analysts to improve its anti-fraud responses.

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PYMNTS

JULY 12, 2019

Digital wallets for holding plane tickets, credit cards or club memberships have been in use for several years now, but digital IDs still have a long way to go before they can entirely replace their physical counterparts. Governmental Mobile ID Initiatives.

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Mobile National Samsung Case Study 108

PYMNTS

OCTOBER 13, 2016

NanoPay is finding that for mobile payments to take off, even among early adopters, using a phone to pay must be much more rewarding and convenient than tapping a card. “You want to get into as many use cases as possible,” said Greg Weed, director of card performance research at Phoenix Marketing International.

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PYMNTS

JUNE 6, 2019

Tech Data – the 45-year-old veteran infrastructure solutions company working with vendors such as Apple, Cisco, Samsung, Symantec, et al — had a full database leak that seemed to affect much of the corporate and personal data of clients and employees,” the researchers wrote. “We

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Data Samsung Security System 115

PYMNTS

MARCH 15, 2017

The new PrestoPrime EMV Terminal is the successor to E la Carte’s current Presto System, which is operational every day in more than 1,800 restaurants across the United States and accepts contactless payments from Apple Pay , Android Pay and Samsung Pay. It also acts as a QR code reader and camera.

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Apple Payments United States Samsung 108

Gonzobanker

NOVEMBER 28, 2017

What bankers can control is net new checking accounts, active cards in wallet, and transaction volumes per month. The message from those that have successfully grown credit cards is this: the mass-mail-and-hope approach won’t do it. 3 – Fraud: A welcome reduction in losses, but nobody is resting. Good grief, we’re in 2017.

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Payments Fraud Cards Strategy 87

PYMNTS

DECEMBER 4, 2018

With Apple Pay, the company noted that a one-time unique dynamic security code authorizes each transaction, and that credit or debit card numbers aren’t stored on devices or on Apple’s servers. Apetiz, a company in the meal voucher market, has an array of products ranging from paper to mobile.

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Google Apple Payments Samsung 148

PYMNTS

OCTOBER 16, 2017

PCI tokens, encrypted card credentials held in vaults by processors, have been part of payments for years. Call it an upgrade, perhaps, as it focuses on eCommerce and is geared toward reducing fraud associated with primary account numbers (PANs), Rambus’ CTO Chakib Bouda explained in the latest Topic TBD. Tokens are nothing new.

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Cards Samsung Payments Data 101

FICO

FEBRUARY 17, 2023

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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South Carolina Fraud Management Payments 52

Gonzobanker

JULY 31, 2017

In the past two weeks, PayPal has signed agreements with Chase, Citi and Bank of America, in addition to expanding its deal with Visa to issue Visa debit cards in Europe. This is one instance where regulatory requirements, fraud management, and other risk-based activities can be a positive differentiator.

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Samsung Apple Mobile Online 70

PYMNTS

JANUARY 5, 2017

Blockchain has tremendous potential in supporting greater adoption and use of mobile payment solutions, such as Android Pay, Samsung Pay and Apple Pay,” said Kristian Gjerding, CEO of CellPoint Mobile , a mobile solutions provider and host of a Travel Innovation Hub focusing on blockchain-support products/services for the travel sector.

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blockchain Samsung Industry Security 115

Payments Source

NOVEMBER 10, 2017

The spread of Alexa, Siri, Google Assistant and Samsung's Bixby are changing the way consumers interact with technology. Behind the scenes, artificial intelligence is doing more than ever to handle and protect payments.

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Samsung Payments Google Technology 78

PYMNTS

MAY 28, 2019

Founded by group of parents just months ago, Pixpay will offer children between the ages of 10 and 18 a mobile bank account, contactless payment card and the option to use Apple Pay and Google Pay,” the report said. million in fresh capital. That challenge has impacted even the biggest players in eCommerce. Retail and Teenagers.

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Digital Banking Google Mobile Groups 139

PYMNTS

OCTOBER 17, 2016

Nets and OT will combine their capabilities to offer an end-to-end mobile payment solution, which will include host card emulation (HCE) and tokenization to secure payments. “By These are the guys who are not necessarily limited to just stolen credit cards or spoofed accounts. They can be very versatile.

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PYMNTS

JANUARY 29, 2019

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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Innovation Fintech Data Community 176

PYMNTS

DECEMBER 24, 2019

Zigbee Alliance board member companies — like IKEA, Samsung SmartThings and Silicon Labs, among others — are also on board to join the working group and make contributions to the effort, according to the Dec. The company has an option to transfer money to the bank without a debit card for the same fee. 18 announcement. #3:

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Cards Payments Study Examples 160

PYMNTS

MARCH 25, 2019

And this isn’t a small or niche subset of consumers – according to the latest edition of the Digital Consumer Report , a PYMNTS/ Samsung Pay collaboration, 58 percent of consumers reported engaging in contextual commerce. They want to add a card once, and if they lose it, they want to update it once.

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Javelin Strategy & Research

AUGUST 24, 2015

Our most recent study of small ($1 to $10 million in sales) and micro merchants ($100K to $1 million in sales) ) shows that many of these merchants have not yet upgraded their payment terminals to accept EMV cards. The government and banks need to do a better job of preparing business owners for the impact EMV fraud liability shift.

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Apple Fraud Samsung Mobile 40

NCR

MARCH 24, 2016

This is not something entirely new – Visa floated the idea of payment-enabled cars last year, but it seems the card firm has really produced something that works. Fingerprint fraud. Almost 75 percent of users in the MasterCard trial said they are convinced that biometric payments will decrease fraud.

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Payments Samsung Mobile Fraud 40

PYMNTS

SEPTEMBER 6, 2016

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. Issuers want their card to be the one that is loaded into the digital wallet and stays there — for a long time.

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