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ComupterWeekly.com - According to Javelin Strategy & Research in the US, the value of false declines is more than 13 times the total amount lost to actual card fraud. Al Pascual, senior vice-president, research director and head of...

Here Comes Citi Pay

November 10, 2016
MOBILE PAYMENTS TODAY -- "But long-term, I think the trajectory is an integrated mobile app where purchases at the point of sale are just one function of many within a mobile banking app", said Daniel Van Dyke.
BANKING EXCHANGE --  A washing machine of the (near) future could come equipped with a “buy now” button which, once pressed, would automatically send signals to a company that ships detergent, while simultaneously collecting money...
AMERICAN BANKER -- Now you have bot attacks that are filling out applications over and over again, using stolen information, sometimes with minute variations on things like ID information to try to get new accounts opened, said Al Pascual,...
NRF -- All four major U.S. credit card brands announced that they would release software updates allowing shoppers to insert and remove chip cards in about two seconds. Visa, American Express and Discover call the new technology Quick Chip;...
INTERNET RETAILER - False positives affect retailers because they not only prevent sales, they also give consumers a negative view of the brand, Javelin says. Of a retailer’s transactions that are declined because of suspected fraud, 30% are...
AMERICAN BANKER - "You do have the opportunity to get that millennial as a loan customer and then grow the relationship with them," Mark Schwanhausser said. "On the other hand, a student loan has weaknesses as it's not typically an...
AMERICAN BANKER - "We've seen them (CapitalOne) acquire these nontraditional technology firms and bring them in to see how they can complement their existing offerings and create value for customers," Jacob Jegher said.
PaymentsSource - With Javelin Strategy & Research predicting the mobile wallet user base to reach just under 90 million in 2019, the technology is still considered to be the imminent future of payments. Yet, this future hinges on security,...

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