Australia’s Lending Works is now offering higher standards in ID fraud protection, while streamlining onboarding and improving operating efficiency. AU10TIX BOS is the first and only 2nd generation ID authentication and record generation technology on the market today.
In today’s CardFlash News Que: MERCATOR (smartphones); Creditcall (EMV); CAPRA (NACS); and SYNCHRONY (Money 20/20).
TSYS has extended its payments agreement with ING Bank for their commercial card portfolio. TSYS has been supporting ING Bank N.V. since 2009 with the TS2® processing platform, as well as providing additional services.
AU10TIX warns EMV Standards & AML regulations will encourage online ID fraud and impairs customer acquisition effectiveness. The well-meant tighter fraud prevention measures and regulations may not be sufficiently backed by effective customer ID authentication measures at the point of new customer acquisition. AU10TIX warns of a “Back door” situation.
The nation’s Top 100 Visa and MasterCard credit card (consumer and business) issuers held a 96% share of U.S. Cards-in-Force (CIF) at End-of-Year (EOY) 2014. The Top 10 captured a 60% share, while the Top 50 logged an 84% share, according to CardData.
The global business-to-consumer (B2C) e-commerce and online payment market will begin to slow this year, nonetheless B2C e-commerce worldwide is expected to top a trillion euros by 2018. Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide.
Hamburg-based business intelligence organization yStats.com reports that even as forecasted global growth rates slow from close to +20% in 2014 to around 10% by 2018, B2C E-Commerce worldwide is expected to top a trillion euros by that year.
Latin America is the fourth largest region worldwide by B2C E-Commerce sales. Two of the emerging B2C E-Commerce markets in the region, Brazil and Mexico, rank among the top twenty countries by the size of the online retail market.
The Chip & Pin deadline will spur an increase in fraud so saith some. The rate of fraud won’t decrease; it will go up to record levels just before the deadline. Afterwards, we will start to see record levels of Card Not Present (CNP) fraud in the U.S., just as it has risen elsewhere Chip and PIN has been adopted.
Global growth rates for B2C E-Commerce will likely slow from close to +20% in 2014 to around 10% by 2018. The Asia-Pacific region is forecasted to be the fastest growing B2C E-Commerce market worldwide and to overtake North America as the number one region in terms of B2C E-Commerce sales within a few years.
The first Bitcoin ATM “Bitcoin Bodega” opens on the Las Vegas strip by Coin Cloud. The Bitcoin Bodega highlights a recent trend in bitcoin tourism, providing digital currency enthusiasts with a quick, easy and safe means to buy or sell bitcoin. Coin Cloud provides consumers convenient access to bitcoin, allowing customers to store money on the blockchain and access it with ease.
TSYS announced that it has further extended its relationship with KBC Bank Ireland (KBC), to support the bank’s credit card launch in the Irish market. TSYS currently provides debit payment services for KBC. KBC has been operating in Ireland for 40 years and is part of KBC Bank NV, one of Europe’s largest banks. KBC provides business and personal banking services to customers in Ireland.