Payment Tokenization Market Red Hot — CAGR 22% Through 2022

The fraud frenzy is driving the global tokenization market and is expected to grow from $823.0 million in 2017 to $2.26 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%. Payment security and compliance management are among the application areas contributing to the growth of the tokenization market. The payment security application…

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Fintech Week Set to Rock ’n Roll All Over London Next Month

Conferences, exhibitions, workshops, hackathons, meet-ups and of course . . parties will dominate Fintech Week in London in mid-July. The main conference/exhibition takes place at the Grange Tower Bridge Hotel, but other events take place across the City of London, Canary Wharf and “Tech City.” The organizers of the fourth annual Fintech Week expect 600-1,000…

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CFSI and Chase Names $3MM Annual Fintech Competition Winners

The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) with founding Lab partner Chase announced eight financial services innovators as the winners of its third competition, aimed at identifying solutions that can help Americans improve their financial health. Each winner will receive $250,000 in capital and additional resources to test, enhance and…

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V+MA+AXP+DFS Q1 U.S. CC GAC +6% YOY w/V +12% YOY

Total U.S. gross accounts (GAC) in the first quarter (1Q/17) for Visa, Mastercard, American Express and Discover U.S. credit cards was up 5.9% year-on-year (YOY). At the end of 1Q/17, there were 541.2 million U.S. credit GAC compared to 536.1 million for 4Q/16, and 510.9 million for 1Q/16, according to CardData. Visa U.S. credit GAC…

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Advanced DMP Offers Detailed Purchase-Based Marketing for Radio

Westwood One, America’s largest radio network, picked Nielsen Marketing Cloud and its advanced data management platform (Nielsen DMP) to launch the first-ever audio DMP. Advertisers can now make sharper buying decisions across Westwood One’s over-the-air radio and streaming audio channels, which reach almost a quarter of a billion listeners weekly across all U.S. media markets.…

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New Solution Detects Compromised POS, CNP & ATM Cards Faster Than Ever

FICO has unleashed FICO® Card Compromise Manager, an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches involving card data. A powerful companion to FICO® Falcon® Platform, Card Compromise Manager is capable of detecting card present, card not present and ATM fraud. It uses advanced analytics to provide a ranked list of…

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Android Pay + WorldRemit = C2B Payments w/No CC, 3DS, 3G, Wifi or Agents

Digital money transfer service WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Pioneering a mobile-first approach to the $600 illion a year remittance industry, the move sees WorldRemit bringing together the leading players in mobile…

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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…

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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…

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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…

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