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More Than Half Of Cards Issued Globally Were EMV-Enabled

PYMNTS

percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 Regionally, the EMV chip card adoption rate is highest in Canada, Latin America and the Caribbean (85.7

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Mastercard Bets On Biometric Cards To Advance Inclusion

PYMNTS

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

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Commercial Cards Take The Global B2B Payments Stage

PYMNTS

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. He offered an example in which a U.S. in such adoption.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

But, as Shoihet said, these firms account for roughly 50 percent of trade volume in the LATAM region. The other 50 percent, he said, comes from the SMBs that are being overlooked by the traditional financial services community, he told PYMNTS — and who create a majority of jobs in the region. trillion globally, according to Shoihet.

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Mastercard: Helping Law Enforcement Fight Back Against Fake Cards

PYMNTS

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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Today In Digital-First Banking: Alfa-Bank Joins Contour Trade Network; JPMorgan Names New Liquidity Solutions And Escrow Exec

PYMNTS

Visa has teamed up with UAE-based NOW Money to bring digital banking offerings to low-income clients in the Gulf Region who can’t access typical banking offerings like international money transfers. CORO Global – and its gold trading mobile program – just grew its reach in the United States with the addition of a license to run in Alabama.

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Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Stronger security strategies and solutions could help turn the tide and boost adoption. Recent surveys found that 38 percent of U.S.

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