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MasterCard to acquire leading Turkish payment provider Provus
MasterCard says it has entered into an agreement to acquire Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. “Today’s announcement represents an exciting new chapter for our business, which has been delivering cutting edge payment solutions and processing services for both traditional and non-traditional customers in Turkey,” coments Tunc Dasar [...]
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Cyber security – why mobile transactions pose high risk
As National Cyber Security Awareness Month continues, new data from the Global Trust Intelligence Network (The Network) confirms the growing use of mobile devices for banking and online shopping. Of more than 500 million monthly transactions, The Network finds 26% initiate from mobile devices and more than a third of mobile transactions are for online [...]
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Amazon releases login and pay with Amazon to challenge PayPal
Amazon has launched a new service, login and pay with Amazon, allowing user to pay for online goods and services using your pre-registered Amazon account information. Amazon has 215 million active customer accounts. Online retailers can now invite those customers to pay with their Amazon credentials, rather than entering it anew. Issues with payments is one of the major barriers [...]
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U.S. Bank launches mobile commerce for major retailers
U.S. Bank says it will accelerate the delivery of a mobile commerce product discovery and shopping service that provides an easier way for top-tier retailers to help consumers interact with and buy from leading brands via mobile. U.S. Bank will develop an advanced mobile shopping experience including product selection and instant checkout payment capabilities. Leveraging unique digital [...]
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Banks and merchants are struggling to keep pace with Cyber threats
According to a new report released today from financial and technology analyst house, Aite Group – Cyberthreats: Multiplying Like Tribbles, “Cyber threats come in the form of malicious software code, hacking attacks, waves of denial-of-service attacks, and insidious corporate espionage. All are designed to provide financial or political benefit to criminals and are still multiplying at [...]
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