The app ecosystem has enabled payments to blend almost invisibly into the background of many cash-based services, such as ride-sharing and food delivery, but sometimes there is a need to let payments take center stage.
Visa and MasterCard have a huge share of the European card markets, but that popularity is attracting increasingly sophisticated online criminals and nimble competitors.
Most consumers, when dining, still enjoy the simplicity of dropping cash on the table than using something newer, like an EMV card or a mobile wallet, even when those payment forms are becoming more commonplace in other stores.
The cloud and Internet of Things may excite the payments and technology industries, but they are a source of mounting pressure for in-house data security professionals.
Electronic payment automation delivers significant time and cost savings and can actually turn accounts payable into a profit center through card rebates.
The smartwatch revolution didn't begin with Apple, and the early adopters of wearables may not want to upgrade just to add payments. Fit Pay Inc. has a plan to meet this audience halfway.
Hardware security modules have long been a staple in payments network security, but increasing transaction flow and coding in the mobile and digital age can create data bottlenecks with current technology.
Since payment fraud involves many different types of activity the best way to identify suspicious patterns is to integrate disparate data sources, and cross check data from multiple angles.
Banks' in-house venture funds tend to favor mature fintech companies, but BBVA's establishment of an outside fund should help the bank get in on the ground floor with early-stage companies. read more »