Showing posts with label Visa. Show all posts
Showing posts with label Visa. Show all posts
Tuesday 4 November 2014
The unfortunate state of mobile payments
From The Stanford Daily
“The history of mobile payments is, upon initial examination, a puzzling one. There are very few ideas in the tech industry that are as clear in their potential utility as user-friendly contactless payment. Enabling technology like near-field communication (NFC) chips has been available for years in both smartphones and retail registers. Mobile payments promised not only to deliver a better user experience, but also to lower the transaction cost for merchants, provide a timely opportunity to ditch the fraud-prone credit card system that has been with us since the 1960s and rethink payment security from first principles.
So why is the history of mobile payments littered with the corpses of ambitious challengers? In the 16 years since the founding of PayPal, why can we still not pay at the Safeway checkout counter with our PayPal accounts? Google Wallet launched over three years ago and to date has failed to achieve any meaningful market penetration. Infamous Stanford startup Clinkle set out to create a revolutionary mobile payment system and ended up shipping a glorified rewards credit card. Meanwhile, Square’s IPO dreams were crushed by the reality that it remains unprofitable.”
read more>>
Labels:
banks,
Google Wallet,
MasterCard,
mobile payments,
NFC,
PayPal,
Square,
Visa
Tuesday 13 August 2013
U.S. ATM Fraud Losses Jump
From Bank Info Security
“Fraud Migrating to Non-EMV Markets
ATM-related fraud losses are increasing in the U.S., and experts say that trend will continue until all U.S. debit cards make the conversion from magnetic-stripe to EMV chip and PIN.
ATM-related fraud losses are migrating away from regions where the Europay, MasterCard, Visa standard has been adopted and are shifting to markets, such as the U.S., where magnetic-stripe transactions remain the standard, according to the European ATM Security Team's biannual fraud update, which was issued July 25.”
read more>>
ATM-related fraud losses are increasing in the U.S., and experts say that trend will continue until all U.S. debit cards make the conversion from magnetic-stripe to EMV chip and PIN.
ATM-related fraud losses are migrating away from regions where the Europay, MasterCard, Visa standard has been adopted and are shifting to markets, such as the U.S., where magnetic-stripe transactions remain the standard, according to the European ATM Security Team's biannual fraud update, which was issued July 25.”
read more>>
Friday 5 April 2013
How to Play the Mobile Banking Revolution
Labels:
banking,
banks,
MasterCard,
mobile,
mobile banking,
mobile payments,
mobile shopping,
Visa
Thursday 14 March 2013
What we are reading … 14th March 2013
Android accounts for most mobile malware, says F-Secure http://dld.bz/cpxBX
Retailer sues Visa over data breach penalties http://www.finextra.com/News/FullStory.aspx?newsitemid=24623
GoPago Sees History Repeating With mPayments Revolution http://dld.bz/cpxBW
UK govt rejects calls to tighten banking leverage rules http://dld.bz/cpT27
How to Manage Your Project Priorities http://shar.es/enmkO
JPMorgan Chase Suffers Online Banking Outage, Confirms Cyberattack http://dld.bz/cpT26
Why Basel III Matters http://dld.bz/cpxBV
What businesses can expect to see with Google Glass http://dld.bz/cpxBT
FNB's digital boom http://businesstech.co.za/news/banking/32902/fnbs-digital-boom/
Do Banks Need Intelligence Officers? http://shar.es/jLOZM
Retailer sues Visa over data breach penalties http://www.finextra.com/News/FullStory.aspx?newsitemid=24623
GoPago Sees History Repeating With mPayments Revolution http://dld.bz/cpxBW
UK govt rejects calls to tighten banking leverage rules http://dld.bz/cpT27
How to Manage Your Project Priorities http://shar.es/enmkO
JPMorgan Chase Suffers Online Banking Outage, Confirms Cyberattack http://dld.bz/cpT26
Why Basel III Matters http://dld.bz/cpxBV
What businesses can expect to see with Google Glass http://dld.bz/cpxBT
FNB's digital boom http://businesstech.co.za/news/banking/32902/fnbs-digital-boom/
Do Banks Need Intelligence Officers? http://shar.es/jLOZM
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