In Other News: INTEL (Visa); BMO (MasterCard); VANTIV (products); and WU (omni-channel).
INTEL – Intel and Visa inked a collaboration agreement to help bring world-class payment and data security technologies to the growing world of connected devices—from personal computers and mobile devices, to intelligent appliances and wearable technologies. With the spectrum of commerce growing in size and complexity, so does the need for sophisticated privacy and security controls that deliver on simplicity, interoperability and convenience. Intel and Visa both play fundamental roles in shaping this new commerce landscape and as part of this agreement, will work together to integrate data security solutions into Intel chipsets to help device manufacturers build more secure payment functionality into their products.
BMO – MasterCard announced the North American rollout Identity Check Mobile, a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping. BMO Financial Group will be the first bank in the U.S. and Canada to offer Identity Check Mobile to its corporate customers starting in the first half of 2017.
VANTIV – Vantiv Integrated Payments, a Vantiv company and a provider of payments technology and services for small and medium-sized businesses (SMBs), introduce two new products, triPOS Cloud and triPOS Mobile, as an extension of the triPOS product line. Now equipped for every use case, software developers creating innovative point of sale solutions can integrate via the cloud or a native application.
WU – The Western Union Company outlined specific enhancements to its services for its consumer-to-consumer (C2C) and business-to-business (B2B) customers. A new omni-channel feature on the Western Union mobile app gives consumers the flexibility to send money to more than 200 countries and territories using multiple payment options. They can use the in-app payment choice of bank account, card or now use cash via an agent location. This new feature is available in the US and the UK and is planned to be rolled out globally over the coming year.