Visa Launches Loyalty Fraud Management Solution

Visa Launches Loyalty Fraud Management Solution

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 Inks Three Indonesian Banks

UnionPay Inks Three Indonesian Banks

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…

Small Business Optimism on the Rise

Small Business Optimism on the Rise

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…

Virtual Biometric IDs - The Next Wave

Virtual Biometric IDs – The Next Wave

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,…

Liaison Technologies TaaS Solution

Liaison Technologies TaaS Solution

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,…

Hard Cash to Cashless Reaches Mass Consumption

Hard Cash to Cashless Reaches Mass Consumption

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…