Payfone API-Based SIM Swap Fraud Solution Nabs a Major Patent

A patent for a first-of-its-kind technology thwarting SIM swap scams, one of the fastest-growing types of fraud plaguing consumers, has been awarded. Mobile identity authentication for digital channels specialist Payfone, landed the patent wherein the API-based solution detects and prevents SIM swap fraud by leveraging the company’s unique partnerships with the U.S.’s largest mobile network…

Details

V+MA Q1 U.S. GAC Up 8% YOY Driven by V Credit & Debit

Visa and Mastercard U.S. gross (open) payment card accounts (GAC) for the first quarter (1Q/17) grew 8.2% year-on-year (YOY). U.S. credit GAC was up 8.3% YOY and U.S. debit GAC increased 7.6% YOY in 1Q/17, according to CardData. The overall U.S. GAC growth was driven by Visa credit and debit products. Totally, Visa and Mastercard…

Details

JCB Card SEPA Acceptance Expansion Fueled by CardPay

Pan-European CardPay has inked a direct License Agreement to acquire JCB’s e-commerce card transactions across the SEPA region. With this agreement in place, JCB and CardPay will develop connectivity during Q3’17 and target to go live during Q4’17. JCBI’s acquiring strategy is to aggressively increase its acceptance footprint across the SEPA region by expanding its…

Details

Zelle P2P Payments Ready to Explode in Q3 – w/30+ Banks & 5+ Processors

More than 86-million U.S. mobile banking consumers will be able to send and receive money through Zelle – a new person-to-person (P2P) payments network from bank-owned Early Warning Services. Zelle allows for funds to be sent from one bank account to another in minutes, using only a recipient’s email address or mobile number. “Send Money…

Details

Five Factor Framework for Mobile Biometrics Slowly But Surely Evolving

Whether using a fingerprint, an iris scan or a “selfie” to confirm identity, banks see biometric technology as a way to provide greater convenience and security to customers as they use their accounts. But, it’s still early days in mobile biometrics. A new report from Mastercard and the Department of Computer Science at the University of Oxford…

Details

Visa Steps on the Gas to Accelerate B2B Payments – Inks 5 Partners

Visa rolled-out the Visa Ready Program for Business Solutions, a strategic framework to help technology companies that integrate with Visa’s business-to-business (B2B) payment services and data solutions ensure that they meet Visa’s standards and are market ready. Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree and Priority Commercial Payments are the first partners to obtain…

Details

V+MA+AXP+DFS Q1 U.S. Credit+Debit PDV Up 6.5% YOY

Purchase dollar volume (PDV) for the Major 4 networks (Visa, Mastercard, American Express and Discover) cards (credit + debit) in the U.S. climbed 6.5% year-on-year (YOY) in 1Q/17 hitting $1288 billion. Visa led the way in the first quarter posting nearly a 12% YOY gain for U.S. PDV. The Major 4 collectively posted $1288 billion…

Details

V+MA Q1 International Credit+Debit GDV +19% YOY NFX

Visa and Mastercard international credit card gross dollar volume (GDV) for the first quarter (1Q/17) rose 18.6%, on a non-currency adjusted basis (NFX), year-on-year (YOY). For international debit cards, Visa and Mastercard GDV increased 48.2% YOY NFX, according to CardData. Excluding Visa Europe, Visa and Mastercard international payment card (credit+debit) GDV for the first quarter…

Details

Gemalto Supplies Payments Cards w/Digital PIN Solution for C-zam to Carrefour

Gemalto is supplying Carrefour’s Market Pay with payment cards and a Digital PIN solution for C-zam. This new ‘boxed’ account is available on the shelves of over 3,000 Carrefour French retail stores since 18 April. Once the account has been opened, the card’s PIN code is delivered safely and swiftly via mobile app or website…

Details

U.S. eShoppers Seek Lower U.S. Prices & Intl Unique Products

Just about all U.S. online shoppers made purchases on marketplaces with eight out of 10 indicating price as the most important factor when searching for and selecting products online. Nearly half made online purchases from an international retailer as 36% wanted unique products not found from U.S. retailers. The sixth annual UPS Pulse of the…

Details