Authentication & Security

ABA Discloses Breach: 6,400 Users' Personal Information Compromised

The American Bankers Association, a major financial industry trade group that lobbies for stronger data protection standards, recently reported a data breach within their systems. At least 6,400 email addresses and passwords used to make purchases or register for events through ABA.com’s shopping cart application have been compromised in the...

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Enabling Technologies

Kakao Corp Bids on Internet-Banking Licenses

The South Korean government is looking to raise the level of South Korea’s capital markets by strengthening the competitiveness of the South Korean exchange market because there has been a lack of growth in the financial sector over the past decade. The country's Financial Services Commission (FSC) is offering two...

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Enabling Technologies

Oops, it’s far off for EMV-Ready. Now what?

In my previous post Are You EMV-Ready, I talked about the implications EMV Liability Shift would bring to certain groups – merchants, consumers and issuers - in the payment ecosystem.  The liability switch date October 1st came and went.  How have these groups done? Widely expected by the industry, EMV...

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Payments

Digital Payments Transformation Survey by SIA

Presented in Warsaw on the occasion of the conference about the future of the payments industry in Poland, the results of the SIA survey on the perceptions and attitudes of Poles towards digital payments 41% of respondents perceive contactless payments to be the most modern method among the different non-cash payments available on...

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Enabling Technologies

VCash Opens API for Inward Remittance in Nigeria

VTNetwork Limited, which provides the VCash mobile payments services, has recently launched an API in a move to improve both international remittance and local transfers in Nigeria. According to the World Bank, Nigeria received a total of $21 billion from its citizens living abroad as home-bound remittances in 2014. Nigerians...

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BankTech

One of the Biggest and Most Innovative Banks in Poland Initiates 'Digital Banking and Finance' Precursory Studies Programme

"Business2universities programmes are valuable part of growth strategies for the biggest companies all over the world. mBank joined this wave because we understand that in order to remain on the upswing it is necessary to have constant access to the best-educated and experienced people. And we have to think of...

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Enabling Technologies

Samsung Launches Seven-City Tour Celebrating Samsung Pay - Mobile- Enabling Technologies Payment Service Available Now

Consumers Will Get Special Opportunity to Interact with Samsung Pay – A Simple and Safe Mobile Payment Solution that Works Almost Anywhere You Can Swipe or Tap Your Card NEW YORK (Press Release) – Samsung Electronics America, Inc. announced today a seven city tour to celebrate the launch of Samsung Pay...

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Enabling Technologies

Faster EMV Transactions: J/Speedy v1.3 Contactless EMV Acceptance for JCB Cardholders to Be Enabled by VeriFone First

Global rollout begins with Verifone Asia Pacific clients San Jose, Calif.(Press Release) – Verifone announced approval from JCB Co., Ltd. to support J/Speedy v1.3 —making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders. “We are...

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