Mobile app users are spending $7.40 on paid-for apps every three months and $9.20 on in-app transactions, resulting in a quarter more spending on in-app transactions According to an online consumer survey by Gartner, app users spend 24% more on in-app transactions than on upfront app payments. The survey found that younger people are more…
Indonesia’s Finnet currently uses the WAY4 platform for transaction switching between more than 60 banks and 20 billing companies. WAY4 is expected to support 120 million transactions in 2015.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Mary Knox, Research Director, Banking and Investment Services, at Gartner.
Singapore Telecommunications (Singtel) is gobbling up Chicago-based Trustwave for US$810 million. Singtel plans to combine its state-of-the-art information and communications technology (ICT) with Trustwave’s broad portfolio of managed security services.
A proof-of-concept connected car to test mobile and online purchases on the go is the works. Visa, Pizza Hut and Accenture have teamed to develop a connected car for commerce a reality.
Experian Data Breach Resolution has enhanced its “ProtectMyID” active fraud surveillance and identity theft resolution solution. Partnering BillGuard card fraud monitoring mobile application, Experian makes available the “ProtectMyID” comprehensive solution for protecting exposure of Social Security numbers and payment card numbers. Members of Experian’s ProtectMyID can now download the BillGuard mobile app and access both their ProtectMyID alerts and BillGuard features within the BillGuard mobile app.
PostFinance launched their new digital banking portal, which integrates Personal Financial Management (PFM) solution powered by Strands, global provider of personalization and recommendation solutions.
Big data is full of hype and it’s hard for IT leaders, especially payments companies, to know how to exploit its potential. A new report dispels five myths and concludes IT leaders need to cut through the hype and confusion, and base their actions on known facts and business-driven outcomes.
More than three out of four mobile applications will fail basicsecurity tests through next year. More than 90% of enterprises use third-party commercial applications for their mobile BYOD strategies, and this is where current major application security testing efforts should be applied.
Enterprises are dedicating increasing resources to security and risk. Nevertheless, attacks are increasing in frequency and sophistication. Security and risk leaders need to fully engage with the latest technology trends if they are to define, achieve and maintain effective security and risk management programs that simultaneously enable business opportunities and manage risk.
BlackBerry Limited today announced a new three-year agreement with EnStream LP, a mobile payments joint venture owned by Canadian wireless carriers Bell, Rogers and TELUS, to provide a secure platform that supports transaction services between leading banks and consumers. EnStream will leverage BlackBerry’s proven and reliable infrastructure to enable financial institutions, including Royal Bank of Canada, TD Bank Group, CIBC and Desjardins, and mobile operators to securely provision sensitive payment card credentials into any smartphone capable of near field communication.
Mercury Payment Systems, LLC, today announced the launch of Mercury StoreCard™, a gift, rewards, mobile payments and promotions card all in one. Consumers can use the Mercury StoreCard as a gift card or a reloadable stored-value card to earn cash back loyalty rewards on every StoreCard purchase. The Mercury StoreCard can also be converted into a digital gift card via Apple® Passbook® or an Android marketplace app, allowing consumers to pay for purchases with either their physical card or smartphones, creating mobile payment convenience. Consumers can also use their smartphones to view their Mercury StoreCard’s balances, manually or automatically reload their cards, send custom-printed gift cards to their family and friends, and share promotional gift cards via social media.