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GLOBAL NON-CASH VOLUMES AT HIGHEST LEVELS IN A DECADE
Global non-cash transaction volumes grew 11 percent to reach 433 billion during 2014-15, the highest growth in a decade, according to the Capgemini World Payments Report 2017. Two regions fuelled this increase: emerging Asia with a growth rate of 43 percent and Central Europe, Middle East and Africa (CEMEA), with 16 percent growth. Expansion in [...]
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UK’S LARGEST RETAILER LAUNCHES TESCO PAY+
The UK’s largest retailer, Tesco, with £54.4 million in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Launched in 2015, the PayQwiq digital wallet app allows customers to pay for their shopping in a quick and convenient manner while also collecting loyalty Clubcard points. Customers can [...]
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AUSTRALIAN BANKS TO KILL PINS BY PUSHING TOWARDS BIOMETRICS
Consumers will soon be able to forget about PINs and frustratingly long 16-digit card numbers when shopping online and in the real world. Visa is pushing to make Australian banks build infrastructure and roll out policies to empower biometric authentication for transactions. A new Visa security roadmap outlines a four-year process for Australian banks to adopt [...]
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Zelle claims 4 million users and mobile P2P payment app
Zelle, the bank-based mobile P2P offering operated by Early Warning says more than four million people have enrolled in the mobile based payment network backed by many of the US’s largest banks, since its launch in June. That is according to Melissa Lowry, a vice president at Early Warning Services, the bank-owned company that runs [...]
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NEW ANDROID MALWARE FAKEDTOKEN CAN STEAL CARD DETAILS
A new piece of Android malware, dubbed Fakedtoken is able to quietly steal victims’ details when they enter them into apps, as well as spy on their texts and phone calls, according to a blog post from Kaspersky Lab. Fakedtoken has been evolving over the last year and growing increasingly sophisticated. It began as a banking trojan that [...]
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