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Samsung Q3 Mobile Sales Decline 12 Percent

PYMNTS

Samsung Electronics smartphone sales will increase in the holiday shopping season, with the general trend lasting into 2019, the company said when announcing its Q3 results. But competition and marketing expenses will cut into profits, and mobile revenue declined about 12 percent year over year. trillion won ($21.9

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Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Walmart Pay comes to market with a few built-in advantages: it leverages the Walmart.com app, which is used by 20M+ people roaming around their stores each month, it works on every sort of smartphone out there, and they control the POS in all of their stores, just like Starbucks does. Investor Confidence In Marketplace Lending.

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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. ’s Faster Payments real-time payments system. Tyfone Connects FIs To Payrailz.

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Ant Financial Acquires Minority Stake In Klarna

PYMNTS

Klarna, Europe’s most valuable FinTech, was founded in 2005 and has financial backers that include the rapper Snoop Dogg, who is also part of the company’s marketing. Ant Financial is China’s biggest firm in the $27 trillion Chinese payments market and is expanding into consumer lending. tkowski, CEO, Klarna. . billion.

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SoftBank, Paytm To Launch Digital Payment Service In Japan

PYMNTS

Bloomberg pointed to Line , Japan’s largest instant messaging service, and the flea market app Mercari as two companies expanding into digital payments. It also has to contend with competition from PayPal, Ant Financial and Tencent, as well as Apple and Samsung Electronics. SoftBank already owns a stake in Paytm’s parent company.

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

Abrigo

Takeaway 1 OTP bots are designed to socially engineer a victim into divulging sensitive information associated with online accounts. Two-factor authentication (2FA) is a commonly used tool to add an extra layer of security and prevent unauthorized login of online accounts. Lending & Credit Risk. New Account Takeover Tactics.

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June’s Top 12 Mobile Pay Moments

PYMNTS

And what better way to mark that milestone than with a monthly recap of the Top 12 news items in one major market in the payments ecosystem: mobile payments. Samsung Pay’s European Debut. On June 2, Samsung Pay officially launched in Spain, bringing the mobile wallet into its first European country.

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