BankTech

An Ornamental Chip

At the end of last year, two of the biggest credit card companies in America officially rolled out their newest technology—the microchip. Visa and MasterCard paraded this advancement as an answer to the swipe technology that was employed for decades. Hundreds of millions of dollars were spent to distribute newly chipped...

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BankTech

The Solution to the Segmented Mobile Payments Industry

It’s difficult to find an industry as segmented as mobile payments. No single platform or application has emerged as the clear favorite, with companies big and small trying to find their position in the market. While this offers consumers plenty of options, it poses a problem for an industry that...

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BankTech

Hyperwallet Expands Prepaid Capabilities in Partnership with Choice Bank

New alliance enables additional prepaid card currencies and broadens program reach San Francisco, California – Hyperwallet, a top global payouts provider to the new economy, today announced a partnership with Choice Bank. The alliance is intended to bolster Hyperwallet’s already extensive prepaid card capabilities. Choice Bank, an international bank specializing...

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Commerce

Does GameStop Have the Best Loyalty Program out There?

Loyalty programs are one of the most effective ways for merchants to boost customer retention. A study by Colloquy suggests that last year, US consumers alone held 3.3 billion memberships in customer loyalty programs. In fact, more than 75% of US adults participate in customer loyalty programs like those offered...

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Payments

EU MIF Regulation Impact on Apple Pay

The MIF regulation (full name - “Regulation (EU) 2015/751 on interchange fees for card-based payment transactions”) came into effect at the end of 2015 and is composed of four main areas: Caps on interchange fees Acquirer pricing transparency The separation of card schemes and processing Supporting rules Overall Scope The...

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BankTech

Visa PayWave Leads to Drive Contactless Payments in India

Over one million Visa payWave contactless cards issued in the market Visa payWave contactless cards accepted at more than 100,000 merchant locations Growing adoption of electronic payments and contactless technology contributing to India’s cashless vision MUMBAI – June 23, 2016 – Visa crossed a major milestone in India with over...

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BankTech

Why FinTech Should Welcome Regulations

Despite the obstacles that young entrepreneurs might appear to face because of regulation, they serve an important goal – to ensure positive outcomes for society in the long-term. Without regulations, modern businesses wouldn’t be able to exist as the resulting chaotic environment would destroy them. Regulations allow to balance the...

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