FICO

JUNE 8, 2017

As new countries such as those in the Nordics embrace contactless payments, people are asking about the impact on fraud. The good news is that contactless doesn’t appear to increase fraud. First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market.

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Fintech Finance

FEBRUARY 5, 2024

This advancement aligns with the growing trend towards contactless payments, providing a secure and convenient option for both merchants and customers. Integrating Nearpay’s ‘Tap to Phone’ technology into PayTabs Touch is a game changer, streamlining payments for businesses and offering users a modern, secure option.

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Contactless Payments Payments Encryption CHIPS 52

Fintech Finance

APRIL 8, 2024

. “More and more businesses seek out for the same degree of convenience and security that they enjoy in their everyday personal transactions – therefore, even though we are known to be a global B2B payment platform, we’re thrilled to bring Apple Pay to our customers,” said Qincheng Wang, Head of Product, SUNRATE.

Credit Cards 52

Credit Cards PCI DSS Commercial Card Contactless Payments 52

PYMNTS

DECEMBER 23, 2016

We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments,more broadly? Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

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CHIPS EMV Payments Contactless Payments 53

The Fintech Times

APRIL 8, 2024

SUNRATE , a Singapore-based payment and treasury management platform, is bringing Apple Pay to its customers, offering a safer, more secure and private way to pay, and using the iPhone’s power to protect each transaction. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.

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Credit Cards PCI DSS Commercial Card Treasury Management 59

PYMNTS

OCTOBER 18, 2018

Mastercard, the payments company, announced on Thursday (Oct. Mastercard said cardholders will be able to check out faster, and consumers who use contactless payment methods won’t have to worry about providing a signature. 18) that cardholder signatures will now be optional for the back of credit cards and receipts.

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Visa Contactless Payments Authentication EMV 87

PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. That shift, for contact or contactless payments, goes into effect April 2018. Those investments and focus, the company said, will help “define the future of payments security.”.

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EMV Chip Cards CHIPS Contactless Payments 61

EBizCharge

JULY 2, 2024

This article will explore ten straightforward methods for collecting payments from customers, highlighting the benefits and practical applications of each. The importance of seamless payment collections A seamless payment collection process is crucial for businesses as it ensures efficiency and customer satisfaction.

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Contactless Payments Payments Disputes Online and Mobile Banking 52

PYMNTS

AUGUST 7, 2017

A merchant who has downloaded the Tap2App can use an NFC-enabled phone to accept payments in three ways. First, users can have a customer tap their EMV chip card directly on the phone. said Lynam, where chip and contactless payments are more widely embraced. The real laggard is the U.S.,” Lynam said.

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Point-of-Sale (POS) Chip Cards CHIPS Contactless Payments 40

Payment Savvy

JULY 3, 2024

Contactless Payments : Using NFC (Near Field Communication) and RFID (Radio Frequency Identification) for debit card transactions. EMV Chip Technology EMV (Europay, Mastercard, and Visa) chips generate unique, one-time codes for each transaction, making it much harder for fraudsters to clone or counterfeit debit cards.

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Debit Card Process PCI DSS Processors 52

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Consumers can also take more advantage of tap-to-pay technology. Debbie holds a B.A.

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PYMNTS

JULY 19, 2017

Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

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Visa CHIPS Chip Cards EMV 59

FICO

JANUARY 10, 2023

Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Matt Cox reported that the rapid growth of contactless payments has attracted the attention of fraudsters who are always seeking out new methods to steal money. Read the full post. Matt recommended that lenders: Mitigate the risks now.

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Stax

NOVEMBER 6, 2023

Instead, they can tap their mobile devices against supporting POS terminals to process their payments securely and efficiently by way of a digital wallet. Why Is Adding Mobile Payments Important to Businesses Today? What Can You Do to Adopt These Mobile Payments Solutions?

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Mobile Payments Online and Mobile Banking Debit Card Payments 88

PYMNTS

MARCH 13, 2020

She cited as a prime example the rapid acceleration of contactless payments through the U.S. but has rapidly exploded in the last 24 months – as of the start of 2020, Mastercard was working with about 20 cities as they migrate to open-loop acceptance for contactless in their mass transit systems. But if you think about the U.S.

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Checks Push-to-Card Visa Payments 75

PYMNTS

APRIL 15, 2016

The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. “I think that before Oct. “I think that before Oct.

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Stax

APRIL 18, 2024

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. This is facilitated through mobile apps or attachments that can accept credit card swipes, taps, or chip inserts.

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Credit Cards Process Online and Mobile Banking Mobile Payments 88

Fintech Finance

SEPTEMBER 18, 2024

This new solution simplifies the process of producing biometric smart cards, making it as seamless and efficient as that of standard dual-interface payment cards. This will lead to a much simpler biometric payment card manufacturing process.

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Enrollments Push-to-Card CHIPS Contactless Payments 95

Clearly Payments

FEBRUARY 12, 2024

These networks have transformed the way payments are processed, moving from paper-based transactions to electronic authorizations and settlements. How Visa and MasterCard Influence the Payment Industry with Their Market Dominance The biggest is payment network is Visa with 40% of the global market.

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Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

FEBRUARY 25, 2019

If you think about a better experience,” said the executive, “your car could have an NFC chip in it and there are some payment credentials attached to the car.” As one drives through the turnstile, it authenticates the vehicle (or even the driver through biometrics), pre-authorizes for the payment and lets the user just drive out.

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PYMNTS

JULY 12, 2018

The payments firm is reportedly already testing the card in South Africa. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication.

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Fintech Labs Insights

APRIL 20, 2017

A first in the industry, the company has embedded a fingerprint scanner inside a Chip and PIN payment card– think of it as Apple Pay for your bank card. Once users insert their card into a chip reader, they set their finger on the embedded sensor, and the card sends the authentication to the bank, which approves the payment.

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Visa CHIPS Enrollments Authentication 23

Fintech Finance

FEBRUARY 26, 2024

Mobile wallets are also gaining ground, particularly with younger shoppers, while Chip and PIN and cash are the preferences for purchases over £100. per cent of all in-store card transactions up to £100 were made using contactless in 2023, and in total there were 7.8 Across the population as a whole, a record 93.4

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PYMNTS

OCTOBER 13, 2016

While mint chocolate chip ice-cream might be the way to a foodie’s heart, MintChip digital currency is not the way to a millennial’s mobile wallet, apparently — at least not in Liberty Village, Toronto. can now use their PayPal accounts for contactless payments. And The Brits Are Already Well On Their Way. The news from the U.K.

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Mobile Payments Online and Mobile Banking Payments Digital Currency 79

Payment Savvy

DECEMBER 2, 2022

By only tapping your debit/credit card onto the card terminal, you can accept payments quickly and conveniently. NFC chips which make wireless communication possible, are used in contactless cards, mobile devices, checkout terminals, and other payment devices. How to Accept NFC Mobile Payments?

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Mobile Payments Contactless Payments Online and Mobile Banking CHIPS 98

PYMNTS

FEBRUARY 26, 2018

Flip , a new contactless payment device that the startup just made available for preorder, is a literal plastic coin resembling a casino chip or silver dollar that pairs with a cryptowallet on a customer’s phone, enabling them to tap the coin to pay instead of reaching for their phone. What if bitcoin were actually a coin?

Contactless Payments 43

Contactless Payments Bitcoin Point-of-Sale (POS) Payments 43

EBizCharge

APRIL 25, 2024

Card readers or terminals are necessary to accept physical debit and credit cards, including chip-enabled and contactless payments. With the right payment technology and hardware, businesses can effectively manage transactions, enhance customer service, and uphold data security standards.

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Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

PYMNTS

JUNE 4, 2018

Payment solution provider Ingenico announced a new biotmetric point of sale (POS) terminal last month. It allows customers to authenticate with a fingerprint in support of various payment methods. After the payment is submitted, it requires the fingerprint, which it matches to the database in seconds. Mastercard.

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Encryption Visa Point-of-Sale (POS) Authentication 41

PYMNTS

SEPTEMBER 30, 2016

Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 Additionally, according to newly released data from Cayan, consumers are getting increasingly used to using EMV in their day-to-day lives — 42 percent of consumers use chip cards three or more times per week while shopping. EMV is not only for the big guys.

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PYMNTS

APRIL 24, 2020

Developing core banking infrastructures that can properly support a range of financial services is all the more critical in Europe, where a variety of enterprising FinTechs and challenger banks are addressing consumer demand for online banking, contactless payments and advanced financial analytics. Neat is one such FinTech.

Online and Mobile Banking 82

Online and Mobile Banking Origination AI FinTech 82

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. In this article, we’ll take a closer look at what data tokenization means, how it works, and the role it plays in payment processing. Let’s get started.

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Encryption PCI DSS Data Security Origination 88

PYMNTS

AUGUST 15, 2018

Recent investment and at least one major acquisition signal even brighter times ahead for the authentication method, but there is still a long way to go. Now, that authentication method is expanding to all of the financial institution’s business and retail accounts. Two years ago, the U.K.-based

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Online and Mobile Banking Privacy Authentication Multifactor Authentication 44

PYMNTS

JANUARY 2, 2017

Throughout the issues of the 2016 PYMNTS.com Digital Identity Tracker , we reported on what could be the end of a familiar security protocol — the username and password — and the dawning of new biometric authentication. We caught up with FIDO Alliance President Brett McDowell to find out more about these new authentication methods.

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ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

JANUARY 7, 2019

Devices with chips can flag problems and alert consumers or businesses of the need to replace a part or call a repair technician. Payments are and will be embedded in each of these experiences, enabled by an intermediary that will authenticate the user or the user’s device and enable secure, private and interoperable commerce experiences.

Online and Mobile Banking 82

Online and Mobile Banking Innovation Mobile Payments Consumer 82