About 40% of the U.S. population have used a mobile wallet for their retail purchases. App-based payment solutions, mobile payments and the Internet of Things are resulting in consumers developing different expectations of their shopping experience, moving towards online and app-based payment solutions. Article – About 40% of the U.S. population have used a mobile…
Visa’s CyberSource has launched its Loyalty Fraud Management Solution, a new service that helps businesses guard against fraudulent account creation and protect customers from illegal use of their loyalty accounts, including theft of points, miles and misuse of payment credentials. According to RFi Group, an estimated $238 billion in loyalty program rewards earned by consumers…
UnionPay has signed comprehensive cooperation agreements with the top three Indonesian acquirers to substantially expand its acceptance footprint in the market, and to better support the implementation of the Belt and Road strategy. These three acquirers are BCA, the biggest private bank in Indonesia, and Mandiri and BRI, two major state-owned banks. It is estimated…
OpenYOLO (You Only Login Once), an open API that will enable App Developers to access passwords stored in password managers to easily and securely log users into their Android applications in the works by Dashlane and Google. Dashlane says it is committed to increasing user security and believe that the best way to do this…
U.S. small business optimism in the third quarter reached its highest reading since Jan 2015, following several quarters of incremental shifts. The latest Wells Fargo/Gallup Small Business Index, conducted July 6-12, yet overall it has remained relatively stable throughout 2016. In the quarterly survey, which measures the optimism of small business owners, the overall Index…
A new study has found biometric “physical” identity credentials will begin to be replaced by next generation “virtual” credentials securely stored in mobile devices and accessed via biometric authentication. And, by 2030, today’s standard identity credentials will be obsolete. Acuity Market Intelligence estimates that by 2022, annual production of smart, biometric “physical” identity credentials – including ePassports,…
TX-based Swych announced the launch of its innovative digital gifting platform and iOS mobile app for US consumers. For the first time, consumers can use this unique app to send “Swychable” gift cards which the recipients can redeem at any of their favorite retailers like Amazon, REI, Sephora and more. Users can also upload and…
Early Warning, Fiserv and PayPal have joined the growing list of companies and top banks using Visa Direct which also includes Ingo Money and Square. The Visa Direct platform is available in more than 200 markets around the world and can be potentially be used to reach more than three billion consumer card accounts. Visa…
Liaison Technologies has made its Tokenization as a Service (TaaS) solution available on its award-winning Liaison ALLOY Platform for the first time and has migrated all existing TaaS customers to the new deployment. TaaS on ALLOY significantly improves data security and expedites processing. Featured on ALLOY, the world’s first data Platform as a Service (dPaaS) solution,…
A report finds the boom of mass consumption in major developing markets—and mobile internet access everywhere—fueling a surge in demand for new methods of cashless payment. This is transforming the industry as new competitors and business models rush in to meet the needs of every imaginable consumer cohort and use-case. Across the planet, traditional banks…
Visa’s new Quick Chip technology is now running at a chain of seven natural grocery stores in Northern California. The technology enhancement optimizes EMV1 chip card processing to not only speed up checkout times, but also significantly streamline chip implementation. Index, a retail software company that combines secure payments, measurement, and personalization, has deployed the…