The Chip & Pin deadline will spur an increase in fraud so saith some. The rate of fraud won’t decrease; it will go up to record levels just before the deadline. Afterwards, we will start to see record levels of Card Not Present (CNP) fraud in the U.S., just as it has risen elsewhere Chip and PIN has been adopted.Details
Pakistan’s largest payment system by market share has entered into a strategic partnership to introduce JCB debit cards in Pakistan.
This initiative is a valuable addition to 1LINK’s portfolio of international payment programs which include Visa, MasterCard and China-based UnionPay International.
MeaWallet launches Mobile Business Components (MBC) that handle the complexity of securing contactless integrated services and APIs. The contactless mobile payment service can be used at NFC-enabled POS-terminals in the stores and at the vending machines that support the existing global payment schemes for contactless payments. MeaWallet already supports other pairing methods like BLE, QR- and barcodes and Wifi. The contactless payment service is based on licenses for existing and emerging cloud based payment schemes. It uses Host Card Emulation (HCE) and tokenization to increase security, deliver flexibility and improve availability on most of the available smartphones. The new set of tools enables services on smartphones using Android 4.4 and newer operating system releases. MeaWallet is planning to support additional mobile platforms next year.Details