A new study reveals more than half of consumers believe mobile wallets are less secure than cash—yet nearly 60% of executives say mobile money will build their business because it’s safe.Concerns about fraud and theft risks are inhibiting adoption of mobile wallets, but businesses underestimate the problem, according to a new global survey of consumers…
New research reveals Hispanic consumers are significantly more likely to engage with mobile to manage their finances, with 78% using a mobile banking app, compared to approximately half of non-Hispanics. Nearly three-quarters of the Hispanic community cite digital as their primary method of banking. Bank of America’s ‘Trends in Consumer Mobility Report’, reveals similar insights…
Sweden’s Seamless reports SEQR customers in the UK are now able to quickly and simply link their bank account to the SEQR app and make payments directly from their bank account. Until now UK customers have enjoyed the benefits of the SEQR pre paid account functionality, however enabling customers to connect their bank account opens…
San Jose-based Tessera Technologies’ FotoNation has unveiled a new high-performance suite of face and iris recognition biometric security and authentication solutions for mobile platforms. Based on FotoNation’s unique deep learning neural network, and industry proven MIRLIN Iris recognition technologies, these new solutions deliver authentication in the most challenging outdoor light and shade conditions, including liveliness…
A new survey shows 75% of smartphone and tablet users said they have purchased a product or service on their smartphone or tablet in the past six months. Among these recent mobile purchasers, nearly a quarter buy on mobile devices on a weekly basis. Interactive Advertising Bureau found mobile purchasers in Turkey and China report…
In the face of litigation for alleged National Federation of the Blind and ADA (Americans with Disabilities Act) violations. Claims include inaccessible or unusable payment keypads for wheelchair users or visually impaired customers at the point of sale. In most cases, the person with the disability often gives their payment card and PIN to the…
Pegasus TransTech, a specialist in enterprise mobility and business process automation for the transportation industry, is integrating the new myPilot mobile app from Pilot Flying J, the largest operator of travel centers and travel plazas in North America, into its Transflo Mobile platform. Transflo’s integration includes capabilities that allow professional drivers to expedite the fueling…
In Other News: MYC (webinar); CLEARENT (exec); BLUEFIN (P2PE); and YAPSTONE (exec). MYC – Master Your Card (MYC) sponsored by Mastercard, announced a new webinar series on card acceptance, developed in partnership with the Association of Women’s Business Centers (AWBC). The webinars are based on input and feedback from small business owners on how to…
DCB Bank, a new-generation private sector bank in India, has launched of mVisa. The mobile based payment solution will make payments at retail outlets much easier: Customers of any mVisa issuing bank can make digital payments at mVisa enabled retail outlets simply by scanning a unique QR code on their smartphones. To implement mVisa, the…
Visa introduced mVisa, a new mobile payment service that will accelerate digital commerce in Kenya and across Africa. As part of its initial roll-out, Visa has partnered with Co-Operative Bank, Family Bank, KCB, and NIC Bank to deliver this service to Kenyan consumers and merchants. With mVisa, consumers can directly access all of the funds…
Securing card and mobile wallet transactions while meeting customer’s demands for streamlined experiences requires a variety of solutions that reach beyond what happens at the payment terminal. Today Javelin Strategy & Research released The Future of Cardholder Verification Methods: Beyond Chip and Signature, which explores an array of authentication solutions for point-of-sale incorporating rich customer…
Entrata inked a strategic alliance with Visa to introduce an improved payment and authorization program to the multifamily industry. The resulting program introduces a lower cost payment method for Visa debit card holders and reduces the number of steps it takes to authorize and process rent payments. Entrata says high, restrictive fees and cumbersome processing…