Swiftch Deploys Thales payShield 9000 HSMs 

Swiftch Deploys Thales payShield 9000 HSMs 

Dubai-based Swiftch, a payment securing the first Visa Ready and MasterCard self-certified mobile card payment acceptance solution for merchants and acquirers throughout the United Arab Emirates (UAE), is using the Thales payShield 9000 hardware security modules (HSMs). UAE is highly developed in terms of IT infrastructure, internet and smartphone usage, and yet cash is still…

Seamless Inks a Big Deal with UK’s Go Cardless Network 

Seamless Inks a Big Deal with UK’s Go Cardless Network 

Sweden’s Seamless has inked an agreement with the UK-based payments network Go Cardless, offering direct debit services. The GoCardless deal will enable all SEQR customers to link their bank account to the Seamless mobile payment solution, SEQR, regardless of who they bank with. The agreement provides SEQR customers access to the UK Bacs system via the…

Application Fraud and Account Takeover Post-EMV U.S.

Application Fraud and Account Takeover

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mitigating credit and debit card fraud could be challenging since the start of U.S. EMV migration. A new report find issuers experience $10.9 billion in direct annual losses to card fraud overall. The LexisNexis Risk Solutions card issuer fraud study, Issuers Confront Application Fraud and Account Takeover in a Post-EMV U.S.,…

Merchant Acquiring Facing New Challenges in Changing Landscape

Merchant Acquiring Challenges

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Merchant acquiring landscape is being transformed by a new cast of industry players providing emerging services such as e-commerce gateways and value-added services such as fraud management systems. Mercator Advisory Group’s most recent research report, Merchant Acquiring’s Ecosystem: Evolving Beyond Transactions says merchant acquiring is a pivotal driver of electronic…

Card Industry Risk-Adjusted Revenue Rises 13% in 2015

Risk-Adjusted Revenue Rises 13%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Revenue earned by the card industry last year is roughly $165 billion. However, pre-tax net income after all expenses (charge offs, operating expense and cost of funds) falls to $121.0 billion. According to R.K. Hammer there can be a large difference between these two metrics. Risk-Adjusted” is just that, the default…

Mobvoi Smart Watch

Mobvoi Smart Watch Payment

Oberthur Technologies has inked a key partnership with Mobvoi smart watch an artificial intelligence company, and China Union Pay (CUP), to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element. Mobvoi’s Ticwatch is the best selling Android smart watch in China since its launch…