The credit card sector was hit hard by COVID-19 lockdowns and the economic downturn, but increased spending on debit cards as consumers shunned cash drove overall growth in card expenditure Concerns about COVID-19 saw consumers turn to contactless New research shows that, despite a decline in the amount spent on credit card purchases last year
Brands can now deliver immediate value to consumers through chat Clickatell, a leader in mobile communications and chat commerce, has announced it will unveil new payment capabilities via its Chat Commerce Platform at Money 20/20 Las Vegas, Oct. 24-27. Clickatell helps businesses easily deploy payments in chat channels with low to no execution risk associated
Futurex, a leader in hardened, enterprise-class data security solutions, has announced a next-generation encrypted key loading (EKL) solution together with Verifone, a global leader in payment and commerce solutions. Remote key loading, which leverages encrypted key loading, is an essential part of managing point of sale (POS) terminals and PIN pad devices. This technology securely delivers
The PCI Security Standards Council (PCI SSC) published a minor revision to the PCI Point-to-Point Encryption (P2PE) Standard. The PCI P2PE Standard provides a comprehensive set of security requirements for the validation of PCI P2PE solutions to protect payment card data via encryption. PCI P2PE v3.1 includes clarifications and updates previously released via bulletins and
EMV® 3DS Version 2.3 expands support for digital channels and devices to help issuers, acquirers and merchants fight card-not-present fraud, while improving the consumer experience. Global technical body EMVCo has enhanced the EMV® 3-D Secure (3DS) Specifications to improve the consumer experience and fraud fighting capabilities for issuers, acquirers and merchants across e-commerce channels and devices. The latest version,
With the support of banks from both sides of the Atlantic, EBA CLEARING, SWIFT and The Clearing House (TCH) have joined forces to make cross-border payments as seamless as the fastest domestic payment options. The three private-sector, member-owned companies have completed a proof of concept as part of a new initiative, Immediate Cross-Border Payments (IXB),
The ATM Industry Association (ATMIA) announced the release of a new membership level designed specifically for small- and mid-size financial institutions. It includes a package of benefits of particular value to FIs with less than $100 billion in assets. More than 50 of the world’s largest banks, and 9 out of the top 10 in
The number of automated deposit ATMs continued to grow in 2020, driven by branch transformation initiatives and the continuing migration of cash transactions away from the teller Banks are smartening their approach to self-service banking RBR’s Global ATM Market and Forecasts to 2026 reveals that of the 3.1 million ATMs installed globally, 1.4 million now
As use of alternative payments is skyrocketing, banks must urgently embrace the next generation of payments to stay in the race: Capgemini’s World Payments Report 2021 Payments are entering a new experience-driven era (Payments 4.X[1]), ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite of customers, according to the World
FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor has partnered with Equicom Savings Bank (EqB) – one of the leading banks in the Philippines to address online fraud and to boost e-commerce growth. Under this partnership, FSS will provide its Secure3D, an intelligent payment authentication solution,
