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20% of smartphone users use proximity mobile payments
Despite double-digit growth this year and next, Americans’ use of proximity mobile payments wallets like Apple Pay, Android Pay and Samsung Pay, as well as branded apps that include mobile wallets like the Starbucks app, Walmart Pay and CVS Pay, will not reach mass adoption in the foreseeable future. This year, 38.4 million Americans 14 [...]
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Contactless card fraud: Myths and Realities exposed
Contactless card fraud has made headlines this year. In this post we take a look at some of the key myths and offer explanation to the realities. No. 1 myth: Data theft with long-range RFID readers This myth says that fraudsters would be able to use long-range RFID readers to extract data from contactless cards [...]
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Paysafe launches EMV-enabled global omni-channel mPOS services
Paysafe has expanded its long-term partnership with Handpoint to offer EMV-ready mPOS and online payment solutions to merchants and partners in Canada, the US and Europe. Through this partnership, Paysafe offers end-to-end frictionless payments online, in-store and through mobile devices and tablets. The solution supports Paysafe’s growing Integrated Partnership Channel. This provides Value Added Resellers [...]
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Tokenization management made simple for Banks offering mobile wallets
Issuing banks can now manage tokenization activity for the ‘OEM Pay’ mobile wallets through a single software platform, simplifying and consolidating integration with the multiple token service providers (TSPs) operated by third parties. In response to the increasing complexity and fragmentation of the NFC mobile wallets ecosystem, Rambus Bell ID has launched Token Gateway. “Managing [...]
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Apple Pay arguments against Oz banks ‘superficial and unconvincing’
Australia’s banks have argued in their joint response against Apple Pay to the Australian Competition and Consumer Commission (ACCC) that Apple’s arguments against collective negotiation on accessing Apple Pay due to security concerns are “unconvincing” and “superficial”. The Commonwealth Bank of Australia, National Australia Bank, Westpac Bank, and Bendigo and Adelaide Bank have been seeking [...]
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