Employees may come to work with a compromised wearable device, or pull their hacked connected vehicle into the company parking lot. This creates a new type of cyber risk for organizations – with significantly increased complexity and exposure. As the Internet of Things increases the cyber “attack surface,” companies must broaden defenses to include the plethora of embedded devices that now make up their ecosystem.
UnionPay has expanded its relationship with KazKommerzBank, the largest commercial bank in Kazakhstan. KazKom also has the largest card acceptance network in the local market.
A new study has found the total value being moved through mobile banking apps in the U.K. is expected to double by 2020 while the amount of money being sent per week via online banking in the U.K. will rise 50%. Based on the new data, RAM Research calculates the number of mobile users and online users will grow at a Compound Annual Growth Rate (CAGR) of 16.33% and 6.02%, respectively.
The number of U.S. credit cards issued on the Visa, MasterCard, American Express and Discover networks is expected to reach 943 million by year-end 2019. According to forecaster RAM Research, the U.S. credit card industry is growing at a CAGR of 9.08%.
American Express total volume for the Japan, Asia Pacific & Australia region rose 16% year-on-year (YOY) in the first quarter; the Europe, Middle East & Africa region increased 8% YOY, while the Latin America & Canada billed business declined 4% YOY in Q1, all on a currency adjusted basis. Overall, billed business outside the USA was up 8% YOY.
The usage of mobile banking rises in the United States, more consumers are switching their primary financial institutions. Young adults and mobile banking users are most likely to switch, in part to gain more robust mobile banking services.
SD-based MetaBank entered into a multi-year agreement with Univision Communications, a media company serving Hispanic America, to be another issuer for its Univision MasterCard Prepaid Card.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ronald Herman, Founder/Chairman & CEO of Sionic Mobile.
InComm has partnered with KUBRA, a customer interaction management solution provider, to offer cash payment options to customers of KUBRA’s business clients. Through InComm’s Cashtie, a powerful API that links retail cash payments via an existing point-of-sale (POS) system to a software application, customers will soon be able to pay their bills in cash at the POS of over 40,000 conveniently located retail locations with many more on the horizon.
Quatrro Processing its cards processing data centers in Hanoi and Ho Chi Minh cities are ready to cater to the requirements of Banks and Financial Institutions in Vietnam. These centers have been established through a local partner FPT Telecom.
Billtrust has raised $25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures.
Oberthur Technologies launched a new contactless Visa and MasterCard-approved payment sticker from its Flybuy wearables range.