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6 ways David Marcus transformed Facebook payments

Payments Source

It was an attention-grabbing decision when Facebook hired PayPal's president, David Marcus, in 2014. At the time, Facebook didn't have much of a dedicated payments business to speak of; when people thought of spending money on Facebook, they typically thought of in-app purchases in Farmville.

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Visa looks to generative AI to enhance tokenisation

Finextra

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

AI 122
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As breaches mount, data compliance is still off the mark

Payments Source

It happened with Target in 2013, the Home Depot in 2014, and many others since, writes Todd Feinman, co-founder and chief product officer of Spirion. Despite what we assume are dedicated efforts to protect customer’s personal information, hackers are finding the loopholes in businesses’ process and technology data protection life cycle.

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Sponsor's message: [New Impact Study] 8 Steps to Efficient Transaction Fraud Monitoring

Finextra

Since 2014, card transaction fraud has increased by an average of 8.9% In the wake of the widespread shift to digital banking and ecommerce, fraud teams have seen a sharp increase in card transaction fraud. per year and exceeded $32 billion in losses in 2021 alone.

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Apple Buys Mobeewave For $100M

PYMNTS

The system works via an app and does not require any further hardware beyond a Near Field Communications (NFP) chip, the likes of which have been included in iPhones since 2014, Bloomberg wrote. The acquisition follows Apple’s pattern of buying startups to assimilate new technology into its own products.

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French Court Says Bitcoin Is Money

PYMNTS

After Paymium loaned BitSpread 1,000 Bitcoin in 2014, a dispute erupted sometime before 2018. During 2014-18, BitSpread opened an account on Paymium. The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread.

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Singapore’s peaq Among 5 Global Startups in Mastercard’s Blockchain Accelerator

Fintech News

Since its inception in 2014, Mastercard’s Start Path programme has supported over 400 startups from 54 countries. These startups will get collaboration opportunities, bespoke training, and access to Mastercard’s customers and channels through the virtual four-month programme.