NCR’s Digital Insight will be offering customers EyePrint ID for a password-free mobile banking experience. By using the camera on mobile devices, EyePrint ID technology takes an image and pattern-matches the blood vessels in the whites of the eye, eliminating the need to remember and thumb type a password.
Visa’s CyberSource unit racked up more than 2.19 billion transactions in the fourth quarter, up 16%, but continues to slow year-on-year.
The nation’s fifth largest payments processor reported record record quarterly net revenue of $188.3 million, up 26.2% from the fourth quarter of 2013. Heartland Payment Systems says same store sales rose 3.9% and net volume attrition fell to 10.7% in the fourth quarter, the best performance for each metric in over 5 years.
Visa is expanding the use of new security technology that replaces the traditional 16-digit Visa account number with a unique series of numbers, helping to prevent exposure of sensitive consumer account information in online and mobile payments.
Silicon Valley, CA-based bill.com has closed a $50 million financing round. Bill.com provides a suite of digital payments solutions that make bill payment and invoicing processes painless.
MasterCard is greatly beefing up investments in cybersecurity-related technology enhancements to the tune of $20 million.
Apple Pay is headed skyward as JetBlue will become the first major domestic carrier in the U.S. to accept Apple Pay on flights.
PA-based JetPay Payment Services has helped WePay to successfully launch its Canadian Operations. WePay is the leading provider of integrated payment services to crowdfunding sites, small business software and online marketplaces.
One of the largest financial institutions in the Netherlands is now offering its customers an easy-to-use, secure and private mobile payment system. Rabobank is now offering a mobile wallet with secure payment app from G&D.
Visa will soon begin offering Mobile Location Confirmation using mobile geo-location information to more reliably predict whether it is the account holder or an unauthorized user making a payment with a Visa account. It we be available to U.S. card-issuing financial institutions in April.
By the end of this year nearly 60% of U.S. point-of-sale locations will be chip-capable. And the pace of implementation is accelerating, with 86% expecting to be chip-enabled by the end of 2015.
CardLinx Association has published the final versions of its first four standards to enable interoperability between the payments and digital marketing ecosystems. The standards have been developed by working groups of the global payment networks, merchants, banks, digital advertising publishers, payment processors, and card-linked offer technology companies.