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Mastercard Aims To Fight ‘Gobbledygook’ On Online Card Statements

PYMNTS

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. Consumers panic and call their issuers to question these charges.

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Q1 2019: US credit card issuer snapshot

Accenture

Each quarter, Ryan Douglas from the Card Issuing group compiles key metrics on US consumer credit cards, tracking spend, receivables, loss rates and returns reported by the largest US banks. Credit card profitability remains attractive for banks with our ROA proxies increasing 43 bps YoY?. New partnerships.

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How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud

PYMNTS

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

Fraud 178
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US Mobile Adopts Digital Identity Protocols To Protect Against SIM Swap Fraud

PYMNTS

Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem. About The Tracker.

Fraud 242
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Touchless Is Pushing Payments Beyond The Card

PYMNTS

Will POS terminals without a clear purpose make us long for the days of swiping plastic, punching buttons and squinting at tiny screens? In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. In Beyond the Card: Toward the Cardless and Contactless Future , a PYMNTS and i2c Inc. In a word: no.

Cards 239
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Visa Commercial Pay Launches For Virtual Cards, Digitized B2B Payments

PYMNTS

23) that they have entered a strategic partnership to launch Visa Commercial Pay, billed as a suite of B2B payment solutions for enterprises making the shift to digital transactions, and, specifically, virtual cards — and away from paper-based manual processes. She said 89 percent of B2B buyers are making more online purchases than last year.

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EMVCo Releases EMV Secure Remote Commerce Specifications Draft

PYMNTS

To open its EMV® Secure Remote Commerce (SRC) specification for public comment for a 45-day period, secure payments enabler EMVCo has issued a draft version of the specification called version 0.9. is expected to define interfaces for the secure exchange of payment data and accommodate the use of dynamic data, such as cryptograms.

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