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It can now take as little as nine minutes for stolen card and account data to be used via the darkweb. With this in mind, Mastercard has announced the launch of Early Detection System, a new service that provides banks with a unique advanced alert for high-risk cards and accounts that are exposed in security [...]

The post MASTERCARD LAUNCH DETECTION SYSTEM TO COMBAT FRAUD appeared first on Payments Cards & Mobile.

First Data has launched a disburse-to-debit solution, a payout option for businesses to deliver funds directly to debit cards in real-time. The growth of the so-called gig economy has led to workers expecting to be paid when the job is done, rather than days or weeks later. Today, one-in-three Americans are employed as independent contractors [...]

The post FIRST DATA INTRODUCES REAL-TIME PAYOUTS TO DEBIT CARDS appeared first on Payments Cards & Mobile.

Wells Fargo says that debit card customers can use the company’s ATMs without their card thanks to NFC functionality launching at more than 5,000 ATMs across the US. The feature is activated using a mobile phone’s mobile wallet feature. Today, more than 40 percent of Wells Fargo ATMs have functioning NFC capability, with the goal of [...]

The post WELLS FARGO ATMS LAUNCH NFC-ENABLED MOBILE WALLET CAPABILITY appeared first on Payments Cards & Mobile.

Visa and Billtrust have agreed a strategic partnership to simplify B2B virtual card acceptance. The tie-up is designed to help streamline the reconciliation of B2B payments and increase automation of virtual card payments for financial institutions and their corporate customers. The opportunity to provide a unique 16-digit virtual account number for each corporate payment continues [...]

The post VISA INVESTS IN B2B PAYMENTS PROVIDER BILLTRUST appeared first on Payments Cards & Mobile.

B2B FinTechs are attracting an increasing proportion of total European FinTech funding, according to a recent research presentation from Innovate Finance and Pitchbook. There has been a growing number of FinTechs either launching in, or pivoting toward, the business-to-business market, with many of these players focused on helping incumbents better serve previously neglected consumers, such [...]

The post B2B FINTECH INVESTMENT IN EUROPE REACHES $948m IN 2017 appeared first on Payments Cards & Mobile.