The mobile wallet: an end to flashing your cash?
Will the mobile wallet sound the death knell of cash? The latest research by the UK's YouGov shows almost one quarter (23%) of people are interested in using their mobile phone instead of cash...
Identity fraud hits all time high with 16.7m US victims in 2017
The 2018 Identity Fraud Study released by Javelin Strategy & Research, revealed that the number of identity fraud victims increased by 8% (rising to 16.7 million US consumers) in the last year, a record high since...
Social network payments now reach nearly $3 trillion in China
A new UN study reveals that social network payments through Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a 20-fold increase in the past four years.
The data shows that...
World Retail Banking report: Open banking demands foresight, but indicates new revenue streams
The Open Banking evolution continues to unfold. Banks risk disintermediation if they do not carefully 1) choose their customer-interaction business model role, and 2) use application programming interfaces (APIs), according to the World Retail...
As smartphones evolve into wallets manufacturers forget about the basics
Smartphones have evolved to the point where they are now starting to replace our purses and wallets, yet almost two thirds (62%) of mobile users think they are evolving so fast that manufacturers are...
Gartner: Seven steps to successful mobile money offering
We are by now all aware that mobile money services have huge potential in markets where mobile penetration vastly outpaces the number of people with bank accounts. However, service providers, including banks and mobile...
US market ready for m-commerce
The US market remains the Holy Grail for m-commerce - precious and elusive in equal measure. In the late 1990s, everyone from Nokia to Visa planned to roll out services in the US that...
The real lessons of the Mifare Classic card hack – Tim Richards, Aconite
Over 1bn Mifare cards have been deployed around the world since 1994 in myriad and varied schemes, the chip being one of the most popular smart card types in use in the world today....
Beyond Pilot: Merchants offer m-payments at POS – First Annapolis Report
With the rapid proliferation of smartphones in the US, merchants are seeking new ways to use these popular devices to better reach their customers and expand mobile interaction via apps, coupons, promotions, and now...
Apple Pay explained
A nice, neat explanation of the salient points of Apple Pay:
User:
iTunes account with Visa or MasterCard or Amex card on file and
issued by the most popular banks, American Express, Bank of America, Capital One...
Latest News
Payment industry history with first AES DUKPT key management implementation
Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10.
Co-designed by Verifone, AES DUKPT...
