For NCR and Diebold Nixdorf's leadership, spotting the fintechs nipping at its heels is the easy part. Charting a path as a half-century old market changes into something entirely new will be much harder.
As part of the modernization of the U.K.’s payments systems, the new Image Clearing System is now being phased in. All banks and building societies across the U.K. are connecting their deposit channels into the central infrastructure, a process that will be completed by the end of 2018.
Concern over Exobot is spreading beyond banking and across other sectors where customers regularly transact online, from e-commerce and retail to health care, writes Don Duncan, security engineer for NuData Security.
Consumers generally approve of GDPR’s goals of tightening data-protection and consumer privacy, and more than half would consider fleeing to another provider if they suspected corporations were unclear in their communications or intentions about gathering data.
Cardlytics has added Wells Fargo to the list of banks using its card-linked offers platform after a successful pilot, joining JPMorgan Chase and Bank of America, the latter of which has leaned on Cardlytics’ marketing service since 2012. Notably, these rivals aren’t demanding exclusivity.
Two years after Citi launched more than 7 million contactless-enabled Costco credit cards in the U.S., Costco has finally enabled tap and pay at its U.S. stores.
The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart.
The information you need to start your day, from PaymentsSource and around the Web. Today: ATMs and IoT are subject to new attack threats; The Bank of England wants input on faster payments; Russian Mir cards pick up another bank.
Concern over Exobot is spreading beyond banking and across other sectors where customers regularly transact online, from e-commerce and retail to health care, writes Don Duncan, security engineer for NuData Security.
Generation Z and later groups will increasingly demand alternative salary options, including bitcoin and other cryptocurrencies, according to David Johnson, founder and CEO of Latium.
Each of these wallets has developed its own personality — and, presumably, its own must-have feature to pull consumers and merchants away from the competition.
While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.
How will you stay ahead in the data science arms race? Banks are shoring up their AI-enabled fraud prevention resources, in part by investing in data science teams. Meanwhile, fraudsters are rapidly evolving their tactics. The winners in this adversarial climate will be the banks that combine the best in-house data science with open source tools.
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