French Initiative Pushes Security Past EMV
French payment companies are stepping up the use technology that can spot certain types of card fraud that are not prevented by EMV-chip security.
Constantin von Altrock, a managing director at IRIS Analytics
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Online money transfer service WorldRemit has signed a partnership with a telco that serves Africa, Asia and the Middle East to enable its customers to send money to mobile wallet users in those regions. more »
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A Swiss bank has partnered with acquirer SIX Payment Services to issue a debit card that enables both contactless and regular transactions. more »
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ICICI Bank has launched what it calls India's first contactless debit and credit cards using Near Field Communication technology. more »
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Brazil's central bank has approved a joint venture between Banco do Brasil SA, the nation's largest bank by assets, and card payment processor Cielo SA, but the bank cannot claim accounting gains in its projected profits. more »
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The forces of change in payments are swift and coming from seemingly everywhere. Digital migration is wiping away historical industry barriers, facilitating unexpected partnerships and enabling customer relationships that go deeper than the transaction. more »
Maarten Bron, director of innovations for UL Transaction Security.
In its first year of heavy involvement in testing and certifying payment security technology, scientists at Underwriters Laboratories have determined that tokenization should be a significant piece of a strong security "triangle." more »
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Moneris Solutions, Inc. and Syrasoft Self Storage Software will partner on two new integrated payment processing options for the self-storage industry. more »
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Card issuing and acquiring software provider OpenWay is partnering with People's Bank of Kazakhstan to deliver the first chip-based UnionPay cards in Central Asia. more »
Jordan Lampe, director of communications and policy affairs for Dwolla
Dwolla is expanding its direct bank transfer services to allow its account holders to send payments to a recipient's e-mail address for automatic routing to a bank account. more »
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In a breach incident that illustrates how long a company can do business without knowing fraudsters are potentially stealing its card data, Charge Anywhere LLC informed its merchants it has found and shut down malware that initially entered its network five years ago. more »
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Worldpay, a payments processing and technology company based in London, plans to move its U.S. headquarters to Atlanta. more »
An illustration of a payment card that can switch between a credit and debit account.
MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years. more »
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MasterCard CEO Ajay Banga
U.S. consumer spending this holiday season appears to be on track to surpass last year's even after initial reports of a Black Friday retail-sales slump, according to MasterCard Inc. Chief Executive Officer Ajay Banga. more »
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