British banking authorities are pressuring the Bank of England to offer far more details about its ten-hour breakdown on Monday (Oct. 20) of the UK’s high value payments system, CHAPS, Finextra is reporting. Get the Full Story Complete the form to unlock this article and...
As the industry tries and reacts to the massive cyber attack inflicted on JPMorgan Chase, federal and state authorities are pushing banks and brokerage firms to close some gaping holes in their defenses, the New York Times is reporting. Get the Full Story Complete the...
The problem about talking about “what’s next” in payment and retail is the moment that “next” begins can be a little subjective. Omnichannel is a prime example of the problem—for years now it has been primed and promoted as the next big thing, the way to...
Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because Apple Pay is not storing the payment credentials, the Wall Street Journal points out, it can avoid a lot of...
Jumio, a company that tried to make mobile payment easier by using the phone’s camera to sidestep manual data entry, on Tuesday (Oct. 21) introduced Bam Checkout, which the company is hoping will counter Apple Pay, according to TechCrunch. The new twist is allowing users...
Amidst reports that a series of man-in-the-middle-attacks has been launched against Apple’s iCloud in China—one report specified that agents working for the government of China were deeply involved—Apple has posted a security document warning consumers and offering practical tips on how to avoid being victimized....
Former Microsoft CEO Steve Ballmer played down the innovativeness of Apple Tuesday (Oct. 21), saying that Apple Pay was “obvious.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
International iPhone users may have been a little bummed about the fact that since Monday, Apple Pay was officially rolled out only in the United States. Well according to Whirlpool forums, international users have found a loophole and can to utilize the service. Get the...
Can’t win them all, even Fleetcor. After successfully buying out rival Comdata early this year, Fleetcor was not able to pick up Cabcharge, after the company received a letter of interest from the U.S.-listed group. Get the Full Story Complete the form to unlock this...
