New research finds if a bank offered a mobile wallet, 51% of the respondents are likely to use the bank-offered mobile wallet.
Also, 82.8% have a smartphone, but 12% of those with a smartphone do not plan on using a wallet of any kind just yet.
The inclusion of biometrics in mobile devices will generate approximately $9 billion worth of revenue by 2018 for the biometrics industry, not just through unlocking mobile devices through security applications, but also through multi-factor authentication services and the approval of instant electronic payments.Details
Mexico’s Banco del Bajío, one of the top 10 banks in Mexico, has gone live with its licensed PRIME solution from TSYS.
Banco del Bajío has deployed PRIME within its dedicated card services center to manage its credit and private label card portfolios, along with its loyalty and installment programs, in-house on the single-platform PRIME solution.
Wells Fargo is now the only major U.S. bank not charging a foreign transaction fee on all of its small business credit cards. The bank removed its foreign transaction fees on all business credit card and business line of credit access card transactions made outside the U.S,. effective October 1st.Details
A new survey discovers the majority of IT departments (86%) plan to implement two-factor authentication for access to cloud applications. Currently, 38% of users utilize two-factor authentication, this is expected to rise to over half (51%) of users using it in two years. Over half (57%) already use two-factor authentication to secure external users’ access to resources, indicating the varied use of the technology.Details
MasterCard and Cardlytics inked an agreement to deliver targeted card-linked services to US banks of all sizes. The new partnership will match Cardlytics card-linked marketing solutions and advertising expertise with MasterCard’s bank partners and its offers and rewards platform to deliver a solution that is unsurpassed in the loyalty business.Details