CardFlash News Briefs: WESTERN UNION (websites); AVIDIA (Apple Pay); THE BANCORP (execs); and BERG INSIGHT (report).
As the European Banking Authority (EBA) develops its Regulatory Technical Standards, and as the EU Member States consider the detail of PSD2, any regulation governing online payments should enable and encourage the e-commerce sector to balance the twin considerations of risk and convenience (otherwise growth would be stifled and costs would increase).
Visa Europe says a nuanced and segmented risk-based approach is required for e-commerce. If you have already determined that a transaction is legitimate, there is absolutely no need to force a customer to authenticate themselves.
Mauritius Commercial Bank (MCB) has inked a deal to enable MasterCard debit cardholders for the first time be able to make online payments in Mauritius, and internationally, effective February 2016.
NCR released the latest version of its Fractals enterprise fraud detection solution, which delivers new eBanking fraud detection, powerful new fraud management features and an enhanced user interface. This new release incorporates many additions built in response to requests from the Fractals customer base.
The One Fuelcard Card is exploding in the U.K. The One Fuelcard offers access to the largest fixed price fuel network in the whole of the UK (50% of UK filling stations). It also covers all Shell sites and all Esso stations, as well as all Topaz, Total, Texaco and Gleaner facilities.
With huge influx of new payment solutions into the industry, both opportunities and challenges for merchant acquirers have reached a new level. There is paradigm shift from conventional services, such as accepting mag-stripe debit/credit cards, and mail and telephone orders, to new acceptance channels as a result of e-commerce/m-commerce, contactless technology, mPOS and omni-retailing.
SMB-specialist PopMyDeal has inked a partnership with CardConnect, a provider of payment processing and technology services for SMBs and enterprise customers, to offer their respective combination of products to new and existing businesses across their sales channels.
A2P SMS services are used in several verticals such as entertainment, banking, financial services and insurance (BFSI), retail, tourism, marketing, media, and healthcare. The global A2P SMS market is the increasing number of mobile users opting for mobile payments, banking, and marketing activities.
According to consumers worldwide, financial institutions excel at leveraging digital technology to meet convenience, choice and access needs of customers, but banks have permission to do more to become trusted advisors and move the banking relationship beyond transactional convenience to the center of the consumers’ living experience.
FICO has introduced FICO Consumer Fraud Control, a new solution for banks that enables their cardholders to configure card usage controls and transactional alerts via the bank’s mobile app.
TrustCommerce has inked a deal with Ungerboeck for event management software for conventions, exhibitions, conferences, associations, universities, stadia, arenas and theaters.