Data breaches are the new normal. IT departments have to tackle constantly evolving security threats and many are struggling to keep up. Users continue to be the biggest threat to enterprise wide security, and in 2016, we’ll see a shift towards smart interoperable security tools which take the decision of what and when to encrypt out of their hands.
Next year will be full of complex challenges for pay-now product experts, as the last decade has been. Indicators suggest that less effort will be wasted on legal entanglements and arbitrary requirements and more thought and effort will be focused on improving the user experience, improving payment security, and solving real payments problems.
Chase implied plans of collaboration with peer-to-peer (P2P) lenders are in the making as crowdfunding takes shape and legitimacy. New data shows the market in the U.S. is HUGE.
Singapore-based United Overseas Bank (UOB) has become the first bank in Asia-Pacific region to implement the Visa Token Service. The bank is integrating the Visa Token Service as part of its digital wallet UOB Mighty.
A pilot program to provide credit cards to “credit invisible” consumers who have been shut out from certain banking services because of their nonexistent or insufficient credit history with the traditional reporting agencies is now available.
Minneapolis-based Digital River has signed a strategic alliance agreement with Japan’s NIPPON SYSTEMWARE (NSW), an e-commerce solutions providers.
CardFlash News Briefs: VELOCITY (launch); BHG (loans); KBC (MasterPass); and I-VEND (report).
FL-based ZipLine has inked a technology agreement with SAP to integrate its mPay mobile payment interface with SAP Vehicles Network, running on the SAP HANA Cloud Platform for the Internet of Things (IoT).
A new study reveals use of mobile phones to make in-store payments nearly quadrupled from 5% in 2014 to 18% today. Currently about 1 in 5 consumers using their phone to make a payment in-store.
Utrecht-based Equens is expanding its product portfolio to include an end-to-end pan-European instant payment service. The delivery to the market of the first components is scheduled for the second quarter.
CardFlash News Briefs: BLUESNAP (execs); RS (contract); UL (InfoGard); and PAYSCOUT (deal).
Compared to other underground communities in other regions, the cybercriminal underground in North America isn’t as hidden or exclusive.