Wells Fargo is developing a vocal recognition system to be used with its digital banking platform. While still in the experimental phase, the system would allow users to navigate the banking platform by using voice commands, The Charlotte Observer reported on Jan. 23. Wells Fargo...
Like many emerging mobile-based products today, beacon technology, which enables merchants to identify specific customers in or near their stores, has potential to greatly improve customer relations. But it’s highly untested, and improper execution could do more harm than good. Because beacons, which uses Bluetooth...
The recent rash of data breaches has many card issuers and their cardholders on edge, not knowing whether a compromised card could be used fraudulently and without their immediate knowledge. With new application programming interface (API)-based products from TSYS, issuers now can enable their...
T-Mobile is hitting back at charges that it’s entering the banking business. A senior T-Mobile official spoke with American Banker, saying in an interview that the company is not creating an online banking platform. Rather, it is only offering its customers a way to better...
Google has officially denied rumors that it is debating a Bitcoin payments integration. A story circulating the Internet on Jan. 23, suggesting that the search giant was moving toward adopting the controversial virtual currency as a form of payment. “We are working in the payments...
The CEO at luxury retailer Neiman Marcus released a statement this week noting that the company’s recent data breach affected as many as 1 million debit and credit cards, Bank Info Security reported Jan. 23. “To date, Visa, MasterCard and Discover have notified us that...
By PYMNTS.com Editorial Staff (@pymnts) There’s so much data influencing the industry today that it can be hard to stay on top of everything. PYMNTS.com’s Friday Factoids are the perfect solution for innovators, entrepreneurs or observers trying to keep up with all the latest information....
Cardinal Commerce has much in store for customers in 2014. Chief among its plans is a dashboard tool that will enable merchants to adjust their fraud screening and authentication practices to their own risk tolerance and experience. But, will merchants find the company’s solutions a...
A growing number of lenders are turning to social media when determining a loan applicant’s credit-worthiness. The Wall Street Journal reported on Jan. 8 that some companies, particularly lending startups, look at social media profiles to verify certain types of information. Credit scoring agencies like...
