What’s Trending with Debit Card Controls?

A look at the trends surrounding debit card controls

Set up Android Pay on your mobile device

From Tech Republic -

“You might have noticed that a new app has been pushed to your device. That app, which takes the place of Google Wallet, is the long-anticipated Android Pay. If you don't happen to find it on your device (you may not if you never installed Google Wallet), you can easily get it from the Google Play Store.

This new payment app requires Android 4.4 or higher, works with NFC (so you'll need an NFC-equipped device), and makes it very easy to use your credit or debit card.

Here are the steps to install Android Pay…”

Read more>>

Mobile payments – why the latest technology may not be such a good idea

From Pulse –

“In a recent article (‘Reflections on the fintech revolution’) I referred to technology vendors who constantly harassed the financial services industry with a range of new technologies and tech-solutions leaving it up to the banks to find the problem for their solution to solve.

The reality was that there are dozens of problems and for the most part they are all partially solvable by these new technologies. In truth however many of these solutions are simply just not viable. This is either as a pure business proposition or because somewhere along the line the technology is not quite as perfect as one is led to believe.”

Read more>>

Visa announces Mobile Location Confirmation service; travelers should welcome verification technology

From ZD Net –

“Visa will begin rolling out a new geo-location service, powered by Finsphere, in April. Your smartphone and financial institution will work together to improve your card purchasing experiences.

Finding out that your credit or debit card has been disabled while traveling around the world can result in lost sales and major frustration. Given today's smartphone and electronic banking technology you would think there was a better way to integrate the two.

Last week Visa announced Mobile Location Confirmation, powered by Finsphere. In combination with your smartphone, mobile banking application, Visa, and Finsphere's services geo-location data will be used to verify the legitimacy of your transactions.”

Read more>>

Apple Pay, Google Wallet Making Inroads, but Consumers Still Not Buying It

From The Street –
“Digital wallet use among consumers may not match the level of the media buzz that greeted Apple Pay when it launched last fall, but the newfangled apps are gaining some acceptance with consumers and retailers.

Apple, Google and the other digital payment providers are not releasing any hard numbers on how many people are ditching cash, credit and debit cards in favor of paying with a smartphone, but early indicators are that some retailers are seeing about 1% of their transactions coming from digital wallets, primarily Apple Pay.”

Read more>>