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. Some of the technologies include retinal scanning and selfie payment systems. News highlights from the IoT world.

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PYMNTS

JANUARY 23, 2019

Payments company Swift Prepaid Solutions and small business financier Bitty Advance are collaborating on technology to accelerate small businesses’ access to merchant cash advances. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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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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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. Singapore’s Government Technology Agency stated the feature will be live by the end of Q3. Teething Issues.

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PYMNTS

OCTOBER 31, 2019

Smartphones and connected technologies are becoming increasingly symbiotic in many consumers’ retail experiences. However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. Building Trust Up Front.

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PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

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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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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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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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PYMNTS

OCTOBER 17, 2016

Oberthur Technologies (OT) is partnering with payments service provider Nets to deliver support for mobile payments to Scandinavian banks. 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

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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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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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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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PYMNTS

MAY 28, 2019

There will always be teenagers, after all, and they have significant power and influence, along with a native mastery of mobile and other associated technologies. But let’s not forget the role of the teenager in digital retail, financial services and transactions. The latest evidence of that comes from Europe. million in fresh capital.

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PYMNTS

SEPTEMBER 6, 2016

That’s the backdrop for the nearly hour-long conversation that Karen Webster had about the role of payments security in digital business transformation with CA Technologies Director of Payments Security James Jenkins. Payments had been relatively static with innovation around cash, checks and credit cards. Sophisticated Threats.

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PYMNTS

JANUARY 29, 2019

face pressure to step up technological advances, where inexorable movement toward digital and consumer-focused services can foster a disconnect that, left unaddressed, will turn loyalists fickle. 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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PYMNTS

JULY 14, 2016

But Vantiv Integrated Payments, which offers payments technology to small and mid-sized businesses, has been moving forward with its campaign to stir business owners to action, with sobering stats and a little humor. Payments security is usually not a wellspring for belly laughs. The campaign continues through July 31 , 2016.

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PYMNTS

MARCH 17, 2017

Mike Lawrence, EVP and chief information officer of First American Payment Systems , joined the latest installment of PYMNTS’ Commander In Chief Series to share why payment providers have to ensure that security keeps pace with the advancement in new technologies and innovation in their products and services.

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PYMNTS

AUGUST 17, 2017

The aphorism holds especially true for payments, an industry in which technology shapes the way payments happen — and vice versa. We could have talked about real-time payments 25 years ago,” said Norton, “but then it would have been prohibitively expensive and difficult to do from the technology perspective.

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NCR

JANUARY 23, 2017

Encouragingly, the development of cutting-edge technologies like geolocation and biometric authentication could provide increasingly powerful weapons in the fight against fraud over the coming years. Despite this, your business also needs to be ready to tackle the other risks it faces in the digital age.

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FICO

AUGUST 16, 2017

Samsung, for example, announced last year that its ultrasound devices can now identify breast cancer and even advise whether it’s benign or malignant, using AI that analyses ultrasound images. It has been 25 years since we got our first patent in application of AI for fraud detection in the payment card space.

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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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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. Of the two schemes, Dutch participants gave the thumbs up to fingerprint scans over facial recognition technology. Fingerprint fraud. Samsung Pay goes global.

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PYMNTS

FEBRUARY 24, 2016

McDowell went on to state that “if you are asked to type in a credit card number, FIDO is not replacing that type – but if you use a wallet function and need to authenticate to release funds,” that would make use of FIDO. That is of course specific (via fingerprint or, say iris scans) to users.

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PYMNTS

JANUARY 17, 2018

Petersburg, Florida-based company manages contact center operations for health care companies, financial services firms and consumer goods tech giants like Samsung. To enable these payments, iQor accepts credit card, debit card and check-by-phone – though Praznik noted the latter was not as popular as the former options.

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PYMNTS

AUGUST 5, 2016

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. Samsung unveiled its new Galaxy Note 7 this week to rave reviews. Now, if only Samsung Pay was cross platform …. This is a sizzle for everyone since it removes a ton of friction.

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PYMNTS

MAY 6, 2016

Online Fraud. The latest CyberSource annual report on online fraud tells the tale of card-not-present fraud not just going down, but going down by a whole big bunch – across all channels. Mobile was down, online was down and even cross-border fraud was down. Problem – what problem? And by a lot. And does it.

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Gonzobanker

NOVEMBER 9, 2015

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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Fintech Labs Insights

JULY 12, 2016

The first card-linked offers company, Cardlytics, launched in 2008. The CardLinx Association launched to unite retailers, advertisers, publishers, payment networks, payment processors and technology providers in the space; enhancing the interoperability of loyalty programs to create a better customer shopping and merchant experience.

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PYMNTS

MARCH 18, 2016

“Thanks to the proliferation of connected devices, software, the cloud, ever faster and more ubiquitous broadband, new technologies and the great imaginations of innovators everywhere who see a future that most can’t yet comprehend but work tirelessly to make our reality,” MPD CEO Karen Webster said on Day 1 of Innovation Project 2016.

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CB Insights

APRIL 10, 2019

While the technology is still developing, many companies (including Amazon) are banking on it as a disruptive force in a myriad of markets. From creating checkout-free retail stores to eliminating concert tickets, here are 16 industries that are starting to transform with facial recognition technology. Law Enforcement.

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Tomorrow's Transactions

JULY 26, 2016

From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post. From Gone in minutes: Chinese cybertheft gangs mine smartphones for bank card data | South China Morning Post. From Standard, MTN point fingers in fraud case | ITWeb. Well, sort of. Or at least it wasn’t.

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Independent Banker

FEBRUARY 24, 2016

Tokenization returns to card-security spotlight after smart chips. Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. By Elizabeth Judd and Tim Cook. Tokenization with ICBA Bancard.

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Fintech Labs Insights

JANUARY 8, 2016

CoinJar : showed a technology that enables consumers to buy, sell, and use digital and traditional forms of currency any way they choose – from dollars to bitcoins. Jumio : demoed credentials-management technology, Netverify, that turns mobile devices into ID document-scanning terminals. April: Stratos Card begins shipping.

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Innovation Mobile Fintech Cards 12

CB Insights

AUGUST 14, 2018

Even Apple founder Steve Jobs voiced hesitations about variations on the original iPhone, arguing that phones with larger screens would never catch on: “You can’t get your hand around it,” Jobs said when Samsung and Google came out with phones larger than the 3.5” Google and Apple are exploring driverless car technologies.

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PYMNTS

MAY 3, 2016

The retail merchant marketplace is an ever-changing landscape — and new technologies and evolving consumer preferences are forcing the space to change faster than ever before.

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PYMNTS

DECEMBER 15, 2016

In a mutual commitment to accelerating the adoption of an open digital wallet, global card networks Mastercard and Visa announce their agreement to allow each network to request tokenized credentials from the other when consumers are transacting across any digital medium — in app, online and in store.

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