Yodlee Interactive is enabling developers, entrepreneurs and Fortune 500 tech innovators to securely access transactional data via a set of APIs, announces it has selected its largest incubation class yet and is partnering with leading accelerators like Y Combinator.
American Express launched its American Express Token Service allowing its card-issuing partners, processors, acquirers and merchants to offer a safer online and mobile payments environment. With NFC tokens, merchants and digital wallet operators will no longer need to store consumers’ sensitive payment account information in their systems. In addition, tokens can be assigned for use with a specific merchant, transaction type or payment device to provide further protection against fraud. It’s based on EMVCo’s Payment Tokenization Specification and Technical Framework, published earlier this year.
Silicon Valley-based i2c is powering a new Shift Payments’ debit card, which allows consumers to make payments in fiat, digital and alternative currencies. The companies have already collaborated to get test cards to market and are working on a global roll out.