On The Web
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“State Bank of India (SBI) and Hitachi Payments (Hitachi’s subsidiary in India) have signed a definitive agreement to enter into a joint venture to build “a state-of-the-art card acceptance and future ready digital payments platform for India”, according to the two parties.”
Starting In December, All Businesses Must Accept Plastic
“The El Financiero reports that despite in a few months begins the obligation to accept payments by credit or debit card, as well as any other electronic mechanism, in addition to cash, businesses seem to be far from complying with the measure. The change will affect any business for profit, either on physical or legal, that only accepts […]
Square sellers no longer need signatures for card payments
“The process uses a new “dip transaction flow” that prioritizes the parts of a transaction that are critical to security, which means less time standing in line, waiting for your card info to churn through to the issuer. More pertinently, though, Square sellers in the US and Canada can now skip collecting signatures on all […]
Dynamics’ high-tech card picks up bank support in Japan
“The interactive payment card market has had a tough time gaining traction, but it’s getting a boost as GMO Aozora Net Bank plans to launch Dynamics Inc.’s battery-powered interactive debit and cash card to its customers next year. The new Visa card features a touch sensitive keypad and digital display as well as magnetic strip, contact […]
Worldpay Tests Dynamic CVV Cards In Anticipation Of Broader Availability
“Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed […]
On The Wires
nbsp;Ondot Announces Investment from Citi Ventures to Power Enriched Transactions
“Ondot Systems, the global leader in mobile payments services, today announced that it has secured a strategic funding investment from Citi Ventures. Ondot works directly with financial institutions to give consumers increased control over and visibility into their personal payment transactions.”
Visa and Postmates Deliver “Instant Deposits” to Postmates’ Fleet via Stripe Instant Payouts
“Today, Visa announced an agreement with Postmates, the nation’s largest on-demand delivery network, to enable real-time2 funds disbursement to their entire fleet. This new feature, called Postmates “Instant Deposits,” is facilitated by Stripe’s Instant Payouts feature, running on Visa Direct, Visa’s real-time push payments platform, and is now live and available to the Postmates fleet of […]
WEX Partners with Troovo for Robotic Process Automation of Virtual Card Generation
“Troovo has developed intelligent Robotic Process Automation (RPA) solutions that enable industries such as travel, payment, and procurement to fully automate their workflows and processes. As these businesses typically transact across borders and process high volumes of data, RPA solutions are optimal to improve operational efficiencies, boost capabilities, and reduce processing costs.”
CONTACTLESS PAYMENTS TO REPRESENT 1 IN 3 IN-STORE TRANSACTIONS GLOBALLY BY 2020
“New data from leading fintech analysts, Juniper Research, estimates that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020, representing 15% of the total point of sale transactions. Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than previously anticipated by […]
JCB Pilot of Japan’s First Fingerprint Authentication Chip Card from IDEMIA
“Users first record one or more fingerprints for authentication purposes. When they want to buy something, they need only touch the fingerprint sensor on the card’s lower right corner with their finger so as to authenticate payment. The fingerprint record is only kept in the card, and given that fingerprint authentication is also done on […]