In the weeks post Apple Pay’s launch, conversations around igniting mobile wallets – and what consumers actually expect from them – have spun in various directions. On the issuer front, while they seek that visibility and added utility to strengthen customer relationships, they still struggle...
MasterCard sees mobile payment security as crucial, but it’s power is relevant only to the point that shoppers are actually using it. And with Apple Pay, that is starting to happening meaningfully. Get the Full Story Complete the form to unlock this article and enjoy...
Bankers must make consumer safety a priority as they develop a new, real-time electronic payments system, Consumer Financial Protection Bureau Director Richard Cordray told a financial conference on Thursday (Nov. 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
A U.S. Senate special committee is looking into scams that use reloadable prepaid debit cards like Green Dot’s popular MoneyPak card to victimize consumers, less than a week after the Consumer Financial Protection Bureau proposed new rules that increase consumer protections for funds stolen from...
Given the fresh popularity boost that Apple Pay has given NFC, concerns about the transmission’s use outside of Apple Pay has raised security concerns. Two companies, Oberthur Technologies and Mobeewave, are leveraging those fears and have rolled out a product designed to turn any NFC...
Staples has confirmed that tue retail payment systems at some of its stores were breached this summer, Bank Info Security reported on Tuesday (Nov. 18). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
How’s this for a little good news this holiday shopping season. Merchants report that conversions are up, order rejections are down and fraud losses are stable – even down a smidge in the mobile and web store categories. In fact, CyberSource’s 2014-15 Online Fraud Benchmark...
Although it’s hardly unusual for large companies to hire former cyberthieves—even convicted ones—to test security defenses, a U.K. study has found the effort increasingly common due to a shortage of security professionals with experience breaking into secure systems. Sometimes apparently, it really does take a...
Managing the “dozens of ACH islands” that exist around the worldwide in order to pay hundreds or even thousands of payments to suppliers is typically time consuming and expensive. But that’s exactly the problem that Chen Amit, set out to solve four years ago when...
