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The Bank-FinTech Tie-Up Evolves

PYMNTS

As bank-FinTech collaborations evolve, more traditional financial institutions (FIs) are not only implementing services and technologies developed by FinTech partners, but they’re also lending their own expertise to augment FinTech solutions. Morgan Enhances Virtual Cards Via Marqeta. Plaid, Galileo Boost ACH Efficiency.

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Swift Prepaid, Bitty Pair Up For Virtual Merchant Cash Advances

PYMNTS

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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June’s Top 12 Mobile Pay Moments

PYMNTS

Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country. Samsung Pay is the first mobile payment service of its kind to be launched in Spain, giving it a head start in the market over Apple Pay and Android Pay. ” RIP CurrentC.

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OTP Bots Are a Growing Threat: What Financial Institutions Need to Know

Abrigo

Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. The “Pay Mode” lets the fraudster link a credit card (presumably a stolen one) to a Samsung or Apple Pay wallet. . Lending & Credit Risk. New Account Takeover Tactics.

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The Big Sizzle: Winning Week For Wearables

PYMNTS

Wearables also got a B2B showcase this week, with Samsung and HSBC rolling out S3 gear at the bank’s flagship Fifth Avenue location. The plan, HSBC and Samsung jointly confirmed in a press briefing, is envisioned for wider rollout in the U.S. and globally, though an official timeline has not been set.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

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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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.