It has become evident the reliance on usernames and passwords is susceptible to a wide range of attacks and they need for simpler and stronger authentication is urgent. A new Smart Card Alliance white paper, “Smart Card Technology and the FIDO Protocols,” says organizations implementing FIDO authentication standards should consider using smart card technology to…
A new report projects mobile operators could be handling US$142 billion in m-commerce revenue by 2020 if the barriers currently facing carrier-driven payments are overcome. The report, which was independently conducted by Ovum Research on behalf of DOCOMO Digital, claims if operators, vendors and regulators don’t work together to clear these barriers, carrier-driven payments as…
American Express has ankled Ralph de la Vega for its board of directors. He is vice chairman of AT&T and CEO of Business Solutions and International. Mr. de la Vega leads AT&T’s integrated Business Solutions group (both mobile and IP services), which serves more than 3.5 million business customers in 200 countries and territories, and…
Visa’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the first quarter (1Q/16), logged its highest year-on-year (YOY) gain since mid-year 2013. However, there was slight erosion in the average purchase transaction YOY. Even though the big Visa issuers struggle with stagnant growth in accounts (GAC) and cards-in-force (CIF), Visa continues to hover in…
An annual study has found small businesses were fraud victims and had an average of $12,139 stolen in back office fraud in 2015. Javelin’s “2016 Small Business Fraud Report: Small Businesses are Big Targets for Fraudsters” reports finds small businesses are slow to adopt anti-fraud tools, indicating either the tools are not available from their…
In Other News: QUATRRO (VISANet); PAIDYET (invoices); SINGULAR (PerfectByte); and CREDIT ONE (NASCAR). QUATRRO – Quatrro Processing Services has been approved by Visa as a Global VISANet Third Party Processor with effect from April 2016. This certification will allow Quatrro to connect directly to VISANet and provide issuer and acquirer card processing services to banks,…
MasterCard’s U.S. payment card (credit+debit) purchase dollar volume (PDV), for the first quarter (1Q/16), logged its highest year-on-year (YOY) gain in exactly four years (1Q/12). However, there was noticeable erosion in the average purchase transaction YOY. Even though the big MasterCard issuers struggle with stagnant growth in accounts (GAC) and cards-in-force (CIF), MasterCard continues to…
San Francisco-based Fortumo has launched direct carrier billing in three new African markets. More than 52 million people in Cote d’Ivoire, Ethiopia and Senegal can now make seamless digital payments and get the purchases charged to their mobile phone bill. App stores, digital merchants and game developers using Fortumo can now significantly increase their online…
Saranga Sudarshan, Research Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand says decentralization of the payments network will allow Fintechs to offer convenient and competitively priced payment solutions. Sudarshan says new EFTPOS and online charging solutions will permit more credit card payments to merchants at a reduced cost of receiving payments. From 2016,…
A new survey reveals a mere 21% of merchants surveyed have completed an omni-channel payments program. This includes primarily large grocery and department store operators. Notable and concerning is that 46% have no plans for an omni-channel payments program within the next 12 months. The survey of nearly 100 retailers by PCM Research and ACI…