The new CvvPlus real-time, dual-factor, out-of-band, fraud prevention solution authenticates cardholders conducting Card-Not-Present (CNP) transactions. This is the first product from FL-based Tender Armor.
For Pakistan to harness the full potential of digital commerce, strong collaboration is required among mobile operators, financial and payments companies and governmental agencies. By 2020, 3G coverage is expected to reach 90% of the country’s population.
In today’s CardFlash News Que: PAYITSIMPLE (Splitit); TIMETRIC (Germany); GOODE (Biometrics); and NXT-ID (Fatone).
The Consumer Financial Protection Bureau (CFPB) has sets its gatling gun on arbitration clauses which block consumers from suing in groups to obtain relief.
More than eight out of ten cybersecurity expect an increase in mobile payment data breaches over the next 12 months, yet 42% have used this payment method in 2015.
Cubic Transportation Systems has developed the Urbanomics Mobility Project, a new data analysis platform to fuel smarter, more inclusive cities. Built in collaboration with MasterCard, the tool will help urban planners and commercial developers better understand the relationship between how people travel and what they buy to inform growth strategies and improve the quality of life for citizens of the world’s premier cities.
African mobile money service facilitates users to perform secured mobile payments and transfers over their mobile phones. Moreover, this service helps users to send and receive remittances, pay bills, make airtime transfers, receive and send money to near and remote locations, and enable movie or travel ticket purchases, among various others.
The number of Chinese outbound tourists in 2014 totaled 107 million, a year-on-year growth of 19.5%, making China the largest tourist exporting country in the world for three consecutive years. This bodes well for China UnionPay which is almost exclusively rules the payment card for these tourists.
The Secure Remote Payment Council (SRPc) has just released its third position paper which tackles some of the issues related to tokenization, and challenges conventional thinking about the safety and security of token vaults.
EMV chip card payments consultancy FIME is the first to have its chip card personalization validation services and POS/ATM certification test platform approved by the Debit Network Alliance (DNA) under its recently established DNA Shared Debit AID certification program.
The third annual Key Business Drivers & Opportunities in Cross-Border E-Commerce survey is now open for input from merchants and payment professionals from around the world. Last year’s survey polled nearly 700 e-commerce and omnichannel merchants, payment service providers, acquirers and consultants, quantifying stakeholder attitudes about this increasingly important segment of payments.
The total value of mobile transactions processed throughout the world is expected to escalate to in 2019 surging at a CAGR of 122.2% over the period of 2015-2019. The massive increase in the payments, remittance and banking value is anticipated to be driven by Asia-Pacific region, with countries including China and India.