Despite all the buzz, with more than half of consumers aware that they can make payments through their mobile phones – only 18% of Americans use their mobile phones to make at least one payment a week.
Silicon Valley-based talech Inc., a cloud-based POS solution, unveiled a simple, affordable, EMV ready payment and POS solution that works with specific Ingenico Group terminals, can be activated seamlessly through a software download, and does not require customers to change payment processors.
South Africa’s Bidvest Bank has luanched a multi-currency world currency card, powered by MasterCard. The new card is a prepaid travel payment card that features the ability to load up to 17 currencies onto a single card at any time.
Orange`s mobile wallet app Orange Cash, supported by Wirecard, is available nationwide in France. After a launch in selected French cities, the mobile payment service is now promoted and marketed by Orange to its French user base.
AZ-based Early Warning introduced the Authentify Platform. The Authentify Platform is a suite of solutions that enables a simplified, unified approach to authentication. All capabilities are accessed via a single Enterprise API significantly reducing the cost of complex risk-managed multi-factor authentication and increasing the speed of adding future authenticators.
It’s now possible to use the Seamless SEQR payment solutionSeamless to make international money transfers between SEQR users. The service is initially being offered free of charge and will be the simplest and least expensive way of sending money between countries.
The National Association of Federal Credit Unions (NAFCU) says the transition to EMV cards is an important step in the process of data security, but it is not a silver bullet. Last week the FBI also reinforced EMV will help reduce counterfeit cards but until PINs are used at the POS fraud will continue.
Sri Lanka’s National Savings Bank (NSB) and MasterCard have inked a deal to deploy MasterCard Expert Monitoring Solutions (EMS) with Real-time Fraud Scoring Service.
For the first time, Chase eligible co-branded credit cards, Marriott Rewards® and United MileagePlus, are coming together to offer double the rewards on respective purchases this holiday season with ‘Double Stay, Double Go.’
FICO says 100 million consumer accounts in the U.S. now have regular access to FICO Scores for free. The FICO milestone was achieved less than two years after the FICO Score Open Access program launched.
CellPoint Mobile’s new Travel Bank mWallet enables airlines to manage a range of passenger payments and transactions quickly and cost-effectively, including third-party mobile-wallet payments such as Apple Pay, MasterPass, Visa Checkout, Android Pay and Amex Express Checkout.
Citibank’s average yield for its U.S. retail credit card portfolio rose 5 basis points (bps) in the third quarter, compared to one-year ago, but down 6 bps sequentially. The net interest revenue (NIR), which includes some fees, also jumped by 30 bps year-on-year (YOY) for Q3/15, and up sharply by 37 bps from the prior quarter.