The National Association of Federal Credit Unions (NAFCU) says the transition to EMV cards is an important step in the process of data security, but it is not a silver bullet. Last week the FBI also reinforced EMV will help reduce counterfeit cards but until PINs are used at the POS fraud will continue.
It’s now possible to use the Seamless SEQR payment solutionSeamless to make international money transfers between SEQR users. The service is initially being offered free of charge and will be the simplest and least expensive way of sending money between countries.
AZ-based Early Warning introduced the Authentify Platform. The Authentify Platform is a suite of solutions that enables a simplified, unified approach to authentication. All capabilities are accessed via a single Enterprise API significantly reducing the cost of complex risk-managed multi-factor authentication and increasing the speed of adding future authenticators.
Orange`s mobile wallet app Orange Cash, supported by Wirecard, is available nationwide in France. After a launch in selected French cities, the mobile payment service is now promoted and marketed by Orange to its French user base.
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Silicon Valley-based talech Inc., a cloud-based POS solution, unveiled a simple, affordable, EMV ready payment and POS solution that works with specific Ingenico Group terminals, can be activated seamlessly through a software download, and does not require customers to change payment processors.
Despite all the buzz, with more than half of consumers aware that they can make payments through their mobile phones – only 18% of Americans use their mobile phones to make at least one payment a week.
In today’s CardFlash News Que: GIVECENTRAL (donors); MAG (CyberRisk Hub); BESTBLACKFRIDAY (sales); and NCR (Poelma).
Bluefin Payment Systems has joined the Applied Systems’ Partner Program as a Solutions Partner and will provide Bluefin’s integrated PayConex payment processing to U.S. independent insurance agencies using Applied CSR24.
pcipolicyportal.com has launched an aggressive expansion of services that now includes PCI compliance consulting and PCI policies and procedures for UK merchants and service providers.
MasterCard says it will integrate a fully tokenized checkout experience within MasterPass, leveraging the MasterCard Digital Enablement Service (MDES). MasterPass enables issuers to deliver digital payments across channels and devices around the world, seamlessly extending the trusted relationships consumers have with their banks.
Citi has launched Citi Payment Exchange, its integrated and highly flexible institutional payment-processing solution, in Canada. This follows the successful launch of the service in the U.S. in 2012. Unlike other bank offerings available in the Canadian market, clients can utilize Citi Payment Exchange to migrate from paper-based instruments to electronic payments.