Initially started as a micro-finance startup with the goal of developing algorithms that can determine creditworthiness of borrowers with no bank information, Filipino company Lenddo will now ditch its lending arm in place of selling its algorithmic services to companies inside and outside of the...
Imagine a world where mobile is king, commerce is queen, and context is God. These, says Srinivas Nidugondi, SVP at Mahindra Comviva, are what rule when consumer shopping behavior is reimagined in the context of mobility. A successful mobile payments solution, he says, must adopt...
After a year of high-profile retail data hacks, and with the big EMV target date approaching, legislators on Capitol Hill have agreed to hold a legislative hearing on federal protocols for data breaches and reporting, according to sources at SC Magazine. Get the Full Story...
Last year saw a number of high-profile hacks make the news, such as the publishing of naked pictures of celebrities and the massive data grabs from retail giants Target and Home Depot. While everybody was quick to point fingers at malicious hackers, the Online Trust...
Just as Uber was able to use mobile technology and ease of access to revolutionize the taxicab industry, Customers Bank CEO Jay Sidhu is hoping that his newly launched BankMobile can cause an equal or greater disruption in the banking industry. Get the Full Story...
While executive representation from Target and Home Depot – the locations of the largest and second largest POS security breaches in U.S. history – was not at the World Economic Forum, the plight of the two retailers was a favorite topic of conversation this year....
Global payments provider TSYS, along with Ingenico Group, recently announced a new agreement to offer merchants a seamless and secure solution for accepting all payment types, according to a TSYS release. These payment types include magnetic stripe, EMV, NFC and Apple Pay.
On Monday (Jan. 19), the British Retail Consortium reported that over $910 million was stolen from retail outlets in 2014 — an 18 percent increase from the year prior. This is despite the fact that the volume of actual offenses decreased by 4 percent, indicating that criminals...
Even though the official changeover to EMV payment systems is scheduled for Oct. 1, some analysts familiar with the process say that many businesses will still not be EMV ready by the target date, and may take “many years” for the U.S. to be fully converted...
