Back in March, China bans using QR Code for payments, but that may end shortly, according to a report in Mobile Commerce News. The initial ban from the Central Bank was issued because of security concerns. Get the Full Story Complete the form to unlock...
Samsung is making its NFC payment move in China, in a deal with UnionPay, China’s largest payment card firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
There’s no doubt that Apple Pay has a lot going for it. It’s the payment method birthed by a beloved consumer brand and technology giant, it has the backing of the biggest payments players on the planet and it has those same players using their...
Nine financial institutions—above and beyond Chase—were “also infiltrated by the same group” that attacked Chase, a group “thought to be operating from Russia and appear to have at least loose connections with officials of the Russian government,” the New York Times reported. Get the Full...
MasterCard Thursday (Oct. 2) announced the launch of SafetyNet, which it said was a preemptive security system “to identify potential attacks before they start and in some cases before the bank or processor is even aware.” Get the Full Story Complete the form to unlock...
JPMorgan Chase announced Thursday (Oct. 2) that its databreach attackers accessed information on 83 million accounts—about 76 million households and 7 million small businesses—is the largest known financial data attack. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The recent shifts in the payments industry – Apple Pay, an independent PayPal, a publicly traded Alibaba – has forced everyone to think well beyond secure payment transacting to secure identity enablement. Marek Juda, Managing Director at Oberthur Technologies told MPD CEO Karen Webster what’s...
The Apple Pay bandwagon will have to make room for one more as Capital One has rolled out a new mobile wallet app for cardholders that is Apple Pay compatible. The app is intended to offer users a clear look at their Apple Pay transactions, in addition to...
Bank of American announced Wednesday (Oct. 1) that all consumer and small business debit cards will now have an EMV security chip included. The majority of BoA’s credit cards already come chip enabled, and with Wednesday’s announcement, the North Carolina-based bank will be the first in...
