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Online card shopping, which achieved an annual growth rate of more than 50 percent in Turkey in the last 5 years, is continuing to develop. Interbank Card Center of Turkey (BKM) is playing a significant role with BKM Express, the payment platform that BKM prepared for online shopping. BKM Express is not only increasing the [...]

The post Turkey: online shopping via cards in 2023 exceeds €150 billion appeared first on Payments Cards & Mobile.

Retailers against the Visa and MasterCard swipe fee settlement were dealt another small blow this week, as they lost their bid to appeal a judge’s preliminary approval of the settlement. Home Depot Inc. (HD) and other retailers lost their bid to appeal a judge’s preliminary approval of Visa Inc.  and MasterCard‘s proposed $7.25 billion settlement of a merchant fee [...]

The post Court rejects retailers appeal against Visa and MasterCard appeared first on Payments Cards & Mobile.

Payment Alliance International (PAI) US’s largest Independent ATM Deployer (IAD), and Planet Payment jointly announce an agreement to roll out Bank in Your Currency, Planet Payment’s real-time dynamic currency conversion (DCC) solution for ATMs. This innovative program will be integrated into PAI’s nationwide ATM network, improving the experience for international cardholders and facilitating the progression toward EMV [...]

The post Payment Alliance International and Planet Payment announce strategic partnership appeared first on Payments Cards & Mobile.

 In an industry built on privacy and security, Kount Inc. is unveiling one of the most unique aspects of its proprietary technology. Kount’s proprietary technology platform includes artificial intelligence fraud detection methods that provide accurate, real-time assessments for card-not-present transactions, including mobile payments. Artificial Intelligence, or “AI”, is a powerful technology that learns from historical [...]

The post Artificial Intelligence Technology combats Card-Not-Present Fraud appeared first on Payments Cards & Mobile.

A criminal ring that infected 11 million computers around the world, causing more than $850m (£527m) in total losses, has been snared by a team led by the FBI and Facebook. The Federal Bureau of Investigation worked alongside several international agencies to arrest 10 people it claims infected computers with "Yahos" malicious software, then stole [...]

The post Facebook Helps FBI Snare $850m Cyber Gang appeared first on Payments Cards & Mobile.