The world’s largest home improvement retailer acknowledged yesterday its payment data systems have been breached. The Home Depot says it will accelerate the roll out of EMV “Chip and PIN” cards.
Visa and MasterCard are both adopting “tokenization” which replaces cardholder information such as account numbers and expiration dates with a unique series of numbers that validates the customer’s identity.
Citi cardmembers will have another way to pay with their Citi card at their fingertips with Apple Pay. Citi cardmembers will have the option to pay with their eligible Citi credit or debit card using their iPhone 6 and iPhone 6 Plus. Whether they are buying in stores or online from merchants in apps, payment happens in a single touch and Citi cardmembers will soon have another option to make purchases easily. In October, Citi will be introducing to U.S. credit and debit cardmembers the ability to add their eligible Citi card to Apple Pay, which will transform mobile payments, creating an easy way to make purchases.
First Data and PROFIT INSIGHT announced a revenue assurance and enhancement collaboration that can help banks generate as much as $5 to $10 per active account annually in incremental revenue. First Data and PROFIT INSIGHT together developed the revenue assurance system to deliver greater returns to First Data payment platform clients. The solution combines the proven stability, scalability and flexibility of First Data’s solutions such as the flagship VisionPLUS software with the insight and experience of PROFIT INSIGHT financial consultants, to create platform-specific solutions that are easy to implement and quickly align with clients’ requirements. As payments experts, First Data and PROFIT INSIGHT have a deep understanding of the processes and systems that drive banking profitability.
Canada Mobile Payments is here. The company has developed unique intellectual property within the mobile payments ecosystem to assist all businesses. The company has built a plethora of mobile payments processes & digital currency transfer opportunities enabling customers to use smartphones & wearable devices to their advantage.
The next generation smart wallet is getting a bump this week to build brand awareness. TV commercials for Wocket will airing this week on CNBC.
Barclaycard is acquiring Susquehanna Growth Equity in the fourth quarter. The deal includes The Logic Group’s UK and Spanish businesses. Susquehanna Growth Equity is the sole institutional investor in The Logic Group.
BMW is plowing big money into a provider of mobile payment solutions to municipalities and parking providers. Under terms of the deal BMW’s prepaid parking solution ParkNow will be integrated with Parkmobile.
Seamless has landed it largest merchant to-date for its SEQR mobile wallet. Colruyt Group will be offering SEQR in more than 500 physical stores as well its commerce sites.
Mumbai-based subsidiary Money-On-Mobile has racked up more than 103 million cumulative unique users since its inception. Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for goods and services, or transfer funds from one cell phone to another using simple SMS text functionality.
Salt Lake City-based Sinclair Oil is deploying a cloud based mobile payment application in 1,400 Sinclair branded stations across 19 states. The PetroZone Mobile Commerce Platform is the base of application.
Contactless is going 3D, not with technology but with art. Visa Europe crafted an immersive 3D art installation at Waterloo station to mark the occasion which will be unveiled on September 16.