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Apple Pay simplicity raises fraud concerns
A recent rise in fraudulent Apple Pay transactions raises concerns among security analysts that the service’s simplicity may be a major weakness. Users only have to open the app on smartphones and enter a credit card number, the expiration date, and the verification code, and then Apple scores those users as safe or risky according [...]
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Differing forecasts for mobile wallet
Research and opinion on mobile payment trends contain conflicting predictions and conclusions, partly as a result of banks commissioning fewer market studies, leaving researchers to find a new starting point for evaluation, says consultant Steve Mott. For example, research from Auriemma Consulting Group found at least 42% of iPhone 6 and 6 Plus users have [...]
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More than half of global professionals use their mobile phones for payments
In a recent survey of over 300 global business professionals by Timetric, respondents were asked if they use mobile phones for payments and if it is set to change over the next six months. More than half of the respondents (52%) indicated they use their mobile phones for payments, with business professionals in Asia-Pacific (58%) [...]
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Multi-channeI is biggest payment challenge for UK retailers
Multi-channel retailing was named as the biggest payment challenge facing retailers by nearly half (47%) of respondents to Ingenico Group’s survey at this year’s RBTE. Ingenico has revealed the results of its survey carried out at this year’s Retail Business Technology Exhibition (RBTE), highlighting that the biggest payment challenge facing UK retailers over the next five [...]
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Banking app prototype for Apple Watch
Misys has unveiled what it claims to be the first banking app prototype for the Apple Watch. Developed by a team at Misys Labs, the company said the technology would enable banks to provide services to their customers in an entirely new way. Called Misys FusionBanking Essence BankTime, the app is designed to give consumers [...]
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