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Around 2 billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion is a key enabler to reducing poverty and boosting prosperity, we investigate what the payments industry is doing around financial inclusion. At its most basic, financial [...]

The post Addressing the unbanked and underbanked in developing countries appeared first on Payments Cards & Mobile.

IBM Watson IoT and Visa announced the industry’s first collaboration that brings the POS to everywhere Visa is accepted, by allowing businesses to quickly introduce secure payment experiences for any device connected to the Internet of Things (IoT). The collaboration brings together IBM’s Watson IoT platform and cognitive capabilities, with Visa’s global payments services that are [...]

The post IBM Watson IoT to provide access to 20 billion POS devices for Visa appeared first on Payments Cards & Mobile.

Acuity Market Intelligence has released the 2017 “Ten Top Trends for Biometrics and Digital Identity”.  Acuity characterizes 2017 as a “breakout” year for biometrics and digital identity when increased adoption reflects a new understanding of the potential benefits these technologies offer. “Biometrics and digital identity are often perceived as threats to privacy and security,” comments Maxine Most, [...]

The post Top 10 trends for biometrics and digital identity for 2017 appeared first on Payments Cards & Mobile.

People get themselves into a terrible tangle about trade-offs in payments. They think that if convenience is prioritised, it must be traded off against security. Likewise acceptance trades off against security, and convenience against acceptance. It’s akin to a game of rock-paper-scissors where each attribute trumps another. In truth, we need them all and the [...]

The post The payments industry authentication debate – A balance, not a trade-off appeared first on Payments Cards & Mobile.

Following the European Banking Authority’s consultation paper on strong customer authentication, the future for operators in Europe looks uncertain. Since the introduction of 3-D Secure for card-based e-commerce payments in 1999, the industry has been moving towards a risk-based authentication approach. Background and step-up authentication, as and when required, has helped the industry strike a [...]

The post European regulator continues planned authentication shake-up appeared first on Payments Cards & Mobile.