PYMNTS

JUNE 24, 2016

Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 percent of all card-present transactions conducted globally between Jan. 2015 used chip technology, which was up slightly from 32 percent for the same period in 2014.

Cards 103

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PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. Two major Austrian card issuers are also using the technology. Both Entersekt and Netcetera have more than 10 years of experience in card payment security with 3-D Secure. “We

Security 214

Security Payments Cards Fraud 214

PYMNTS

MARCH 26, 2019

Innovators are seeing the potential to shape the way consumers place their orders at quick-service restaurants (QSRs) through digital technology. The company is targeting both regional and national businesses with a minimum of 10 locations. The employee or wait staff wouldn’t know the difference between a voice or an online order.

Technology 121

Technology Maine Study Google 121

PYMNTS

SEPTEMBER 30, 2019

In early May, Mastercard, in partnership with Edenred Bank and SEDESSON, the Mexico state agency for social benefits, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history.

Boston 177

Boston Security System Cards 177

PYMNTS

NOVEMBER 9, 2020

But for the commercial spending technology world, these forecasts aren't exactly rosy. This earnings season, the downturn has become apparent as several corporate payments technology players post losses. Virtual Cards And Mobile Technology. For some organizations, this may be good news for the bottom line.

Innovation 255

Innovation Fintech Payments Mobile 255

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. payment volume in March was on EMV cards. down by 76 percent. Visa set the path for the U.S.

Fraud 133

Fraud Cards United States Regional 133

PYMNTS

OCTOBER 13, 2016

Shoppers in those regions often put less trust in online merchants and credit card companies and feel unsure about giving out their personal payment information. An alternative to advanced credit card payments. In countries like Egypt, many people do not have bank accounts or cards,” Shawky said.

Cards 100

Cards Regional San Francisco Online 100

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

MAY 10, 2016

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. The study looked at 500 consumers (18+) in each country who had at least a credit or debit card. “The pie for card issuers in Europe is significant. ” The Highlights.

Regional 100

Regional Payments Study Cards 100

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Throughout 2016, financial institutions continued to roll out new EMV-enabled cards to their consumers. Worst of Times.

Cards 116

Cards Payments eBook Fraud 116

PYMNTS

NOVEMBER 2, 2020

While much has been written about India’s vast unbanked population — roughly one-eighth by the World Bank’s estimates — the more important issue to really look at is how much of India ’s population is under banked , Mandar Agashe , founder, managing director and vice chairman of Sarvatra Technologies told Karen Webster.

Fintech 210

Fintech ATM Community Bank Cards 210

PYMNTS

JULY 8, 2020

That includes paying for everything from clothes to restaurant deliveries through online and card-not-present transactions. But drill down a bit, and cash usage has varied from country to country and region to region, depending on what phase of the pandemic (and lockdown) these countries are in. “On

ATM 214

ATM Regional Mobile Payments 214

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

Fraud 131

Fraud Cards Retail Security 131

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 There were 4.8

Cards 75

Cards Regional National America 75

PYMNTS

NOVEMBER 19, 2020

This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region. It found that more than two-thirds of consumers would tap mobile-based authentication measures such as fingerprint, face or voice recognition technologies to safeguard their accounts.

Alabama 228

Alabama Meeting Fraud Trends 228

PYMNTS

AUGUST 28, 2019

UnionPay is a global card company, and it has issued in the neighborhood of seven billion cards. The company’s network reaches 174 countries and regions. Members can now pay directly with their UnionPay cards, and Travelzoo perks, like Local Deals and Getaway Offers, will be accessible to UnionPay users in China.

Payments 108

Payments Cards Regional Management 108

PYMNTS

NOVEMBER 8, 2018

The company announced this week the rollout of QR Pay, allowing small businesses to make a mobile payment via their mobile wallet or credit cards when doing business with FedEx. Small businesses can scan the FedEx-provided QR code presented by couriers or on invoices. Reports in Enterprise Innovation on Wednesday (Nov.

Regional 151

Regional Mobile Innovation Survey 151

PYMNTS

AUGUST 7, 2019

For Mastercard, the acquisition furthers the continued strategy to move well beyond cards and deepen its presence in account-to-account activity and extend its position beyond credit and debit cards. The second use case on offer revolves around bill presentment and payment. The Use Cases.

Payments 192

Payments Examples System Marketing 192

Gonzobanker

FEBRUARY 8, 2022

Rather, the difference could be seen in just how significantly technology disruption has slammed its way into bankers’ discussions regarding shareholder value. Maybe that’s why the special FinXTech presentations running alongside more traditional financial, legal, and risk sessions were jam packed with executives furiously scribbling notes.

Fintech 165

Fintech Customer Experience Conference Technology 165

PYMNTS

MARCH 8, 2017

These companies will also have access to Bluefin’s Decryptx PCI-validated P2PE solution, enabling merchants and acquiring banks in multiple jurisdictions across Europe, Mauritius and the Latin American Caribbean (LAC) region to get the security and scope reduction of PCI-validated P2PE. What will it mean for the payments industry as a whole?

Marketing 101

Marketing Payments Regional Security 101

PYMNTS

AUGUST 29, 2019

Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology. The network found that Australia’s 2018 card fraud rate was 72.8 percent in 2018 from 13.9

Fraud 158

Fraud blockchain System Cards 158

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Most Latin American card networks rely on chip and PIN fraud detection technology.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

JULY 21, 2017

Fraud varies country to country, region to region. Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. The company also acquired Dublin-based Touchtech Payments, which provides SCA-ready authentication technology for Europe-based FinTechs and challenger banks. A September to Remember.

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

SEPTEMBER 30, 2019

We imagine if presented with an iPhone, penicillin, an automobile or just a ballpoint pen, even the original scribe would have been forced to concede that exciting innovations might be coming up on humanity’s horizon in the intervening 30 centuries. 30), the card network announced just such a FinTech partnership. So today (Sept.

Marketing 211

Marketing Fintech Cards Branding 211

Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. To help banking executives choose a course of action that will accommodate different budgets, business cases, and visions for the future, we present three winning core strategies: 1.

Strategy 155

Strategy System Risk Management Technology 155

PYMNTS

MAY 21, 2020

At a high level, said Benson, conversion can be pictured along three “vectors,” including the actual form factor or technology the consumer has in hand (literally), the payment methods the consumer prefers and the “run time” of the transaction – literally, how long it takes to complete. For those firms whose customer bases stretch beyond U.S.

Payments 256

Payments Cards Online Apple 256

PYMNTS

FEBRUARY 14, 2018

Beyond the stereotype of the piña colada on the beach and tropical climates, the Caribbean beckons as a hot spot for B2B payments through virtual commercial cards. This is just more of that, in a different region, with a great partner in Mastercard.”. The STP model is particularly suited for the Caribbean, said Leavitt.

Marketing 100

Marketing Cards Regional Payments 100

PYMNTS

FEBRUARY 8, 2017

In regions around the world, including Europe and Asia, faster payments are taking a hard look at how tools such as blockchain and Same Day ACH can help improve their business. In terms of opportunity, new data from NACHA puts an impressive dollar figure on the value of Same Day ACH transactions from credit cards.

Payments 100

Payments Report Tools Examples 100

Accenture

APRIL 21, 2017

The roundtable, co-hosted with Cashfac (a leading cash management technology provider), was organized in Amsterdam on January 31st, 2017 and saw participation from industry leaders from European transaction banks, as well as a trade body and a fintech. Jeremy Light, Head of Accenture Payments, EALA, speaking at the breakfast roundtable.

Management 200

Management Innovation Taxes Marketing 200

PYMNTS

DECEMBER 11, 2019

SMBs that nearly half (48 percent) said they don’t believe technology will impact their business. It is clear that as an industry we could do more to assure businesses of the security measures in place and demonstrate the tangible benefits of open banking and connected technology,” he added. Cash flow remains the No.

Fintech 132

Fintech Groups Data Strategy 132

FICO

FEBRUARY 18, 2020

TNCs have gradually changed transportation preferences within the card-not-present (CNP) Taxicab and Limo service category. By 2018, we have seen players such as Uber and Lyft, which dominate the rideshare industry, reach 90% of card-not-present payments in the Taxicab/Limo service category in the US.

Fraud 52

Fraud Cards US Regional 52

PYMNTS

JULY 27, 2020

In the event WhatsApp does become interoperable with this PIX technology, I would venture that [reguators] might be more [open] to it,” Hruby noted. The changes that are happening in Brazil and across the region, he noted, aren’t exactly new. Leveraging an Ecosystem to Ride Out Uncertainty. It’s not at full scale yet,” Hruby said. “We’re

Mobile 153

Mobile America Regulation Regional 153

Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Acronym of the Year – CCCA (Credit Card Competition Act). The Smarter Bank Technology Award. 2008 called and wants its headlines back.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

DECEMBER 23, 2020

The freelance market is also expanding in Europe, with one study indicating that gig economy workers conduct approximately 20 percent to 30 percent of all jobs in the region. Wire transfers are a common method through which these workers receive cross-border payments and these payments can present numerous problems, even if they go smoothly.

Payments 270

Payments Study Examples Report 270

PYMNTS

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Deposit Trends. Those operations manage and own 50 percent of [U.S.

Community Bank 116

Community Bank Community Operations Leadership 116