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Apple Pay 2.0 includes coupon redemption and ticketing
The new version of Apple Pay will include coupon redemption, loyalty and ticketing functionalities, according to a patent filed with the US Patent and Trademark Office. The updated Apple Pay will also feature Lower NFC Power Mode Feature, which will enable management of NFC features by using low power modes of an electronic device such [...]
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Hackers steal $1 billion in global cyber attack
Around $1 billion may have been stolen by hackers from 100 banks worldwide in an unprecedented cyber attack, according to a report by security specialist Kaspersky Lab. The attacks, which took place a two-year timeframe beginning in 2013, are thought to have been perpetrated by a hacker gang with links to Russia, China and Ukraine. [...]
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Mobeewave gains $6.5 million investment
Canadian NFC payments entrant Mobeewave has secured a $6.5 million funding round led by SBT Venture Capital. According to the company, the investment will be used to support market expansion and the accelerated roll-out of its products. Mobeewave’s proposition enables any NFC-enabled phone to be used as a contactless mPOS terminal to receive payments from ApplePay, [...]
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25% of phishing attacks in 2014 targeted financial data
The Kaspersky Lab study ‘Financial Cyber Threats in 2014’ reports that 28.8% of phishing attacks in 2014 were intended to steal financial data from users. While carrying out their scams, cyber criminals have shifted their focus from bank brands to payment systems and online shopping sites. Cybercriminals used the names of well-known banks in 16.3% [...]
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US consumers lose trust in mobile wallets and apps
According to a new survey in the US, trust is eroding among mobile device users when it comes to making purchases or mobile wallet and app downloads. A survey of 15,000 mobile users in 15 countries found that their trust level is degraded because they believe that payment systems aren’t secure or they don’t trust a [...]
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