– Keep Rocking
Sunday, 24 December 2017 | 7 Pages
Featuring : Priceless Toronto: The Toronto Christmas Market
Experience the magic of the Toronto Christmas Market with Priceless Toronto. Happy holidays!
Special Coverage Inside : Interview with Thales CEO Patrice Caine and Gemalto’s CEO Philippe Vallee on the deal.
FROM THE WEB
JCB partners with iZettle and the iconic London Black Taxis.
London/Tokyo, Dec 22, 2017 – (ACN Newswire) – JCB International Co., Ltd. (hereinafter referred to as “JCB”), the international operations subsidiary of JCB Co. Ltd, has partnered with iZettle, the award-winning Swedish fintech company, with an awareness campaign using the iconic London Black taxis.
The campaign aims to reinforce the message that JCB and iZettle merchants across Europe accept JCB Cards. This is good news for JCB’s 106m Cardmembers that may visit London and want to hail London taxis equipped with iZettle payment devices or make a purchase at an iZettle merchant. iZettle revolutionised mobile payments in 2011 and has rapidly moved beyond payments to become a small business commerce platform, offering tools to take payments, register and track sales and to get funding. For JCB, the deal forms part of its strategy to increase its acceptance footprint across the SEPA region by expanding its merchant acceptance network to support its growing global Cardmember base. The London taxi partnership will see ten London black cabs co-branded with JCB and iZettle acceptance awareness for the next six months, ending in May 2018. All London Taxis with iZettle payment devices will accept JCB Cards.
December 23rd, 2017
Counterfeit fraud at U.S. chip-enabled merchants down 66%.
Visa set the path for the U.S. payments industry to begin the shift to EMV chip cards in 2011. One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. at the time. With EMV chip transactions continuing to grow in the U.S., counterfeit fraud volume decreased 66 percent at chip-enabled merchants in June 2017 compared to June 2015. U.S. financial institutions have issued 462 million chip cards to consumers, and 2.5 million, or 55 percent of U.S. storefronts, accept chip cards.
22 December, 2017
WeChat Pay welcomes the Christmas shopping season with special offers worldwide.
WeChat Pay spurs cross-border travel shopping by rolling out promotions to nearly 100,000 participating stores.
SHENZHEN, China, Dec. 22, 2017 /PRNewswire/ — WeChat Pay launched its Global Christmas Shopping Season promotion at nearly 100,000 participating shops worldwide on December 16. A series of special offers were rolled out simultaneously at shops in multiple countries around the world, with the largest number of participating merchants located in the countries and regions that receive the highest number of visitors from mainland China: Hong Kong, Taiwan, Thailand, the USA and South Korea. The discounts on the products and services that are a cornerstone of the campaign helps merchants worldwide draw more Chinese visitors into their shops and convert them into buyers.
NEWS PROVIDED BY
Dec 22, 2017, 03:02 ET
Alipay Chases Chinese Tourists to Japan.
Alipay is chasing Chinese tourists to Japan, where it’s signing up a growing number of retailers and eyeing the long-term potential of the nation’s $45 billion digital payments market.
The volume of payments processed on Alipay in the country swelled about eight times in the 12 months to September, said Genki Oka, Japan chief executive officer of Ant Financial, which operates the platform. Its network of vendors has climbed to about 38,000 as of November from 20,000 in February, closing in on a target of doubling within a year, Oka said in an interview.
December 21, 2017, 1:30 AM GMT+5:30
Kenya’s fintech companies are innovating to bring small businesses into their fold.
Mobile operators and electronic payment firms are focusing on the hundreds of thousands of small businesses in Kenya by introducing new products specifically aimed at paying for low-value card transactions with ease, speed, and convenience.
PesaPal, a Nairobi-based aggregator for online and mobile payments, recently introduced a mobile point of sale (mPOS) service known as Sabi (Pidgin English for ‘understand’) that would process payments in both local and US dollar currencies. Using their Android phones or tablets, the Visa or MasterCard payments are processed over Bluetooth by connecting to a portable terminal. The technology allows the over 300 businesses in Kenya, Uganda, and Tanzania that have signed up so far to view their transaction history and to issue receipts.
Abdi Latif Dahir
December 21, 2017
Federal Reserve payments study supplement points to accelerated credit card use.
Kansas City, Missouri, December 21, 2017 — Growth in the number of credit card payments rose sharply from 2015 to 2016–eclipsing growth for other card types, according to new payments data collected by the Federal Reserve. A notable increase was also seen last year in the number of card payments made remotely versus in person.
The number of credit card payments grew 10.2 percent in 2016 to 37.3 billion with a total value of $3.27 trillion. The increase in the number of payments compares with an 8.1 percent annual rate from 2012 to 2015 and was boosted by continued strong growth in the number of payments made remotely. Remote general-purpose credit card payments, including online shopping and bill pay, rose at a rate of 16.6 percent in 2016. More broadly, remote payments in 2016 represented 22.2 percent of all general-purpose credit and prepaid debit card payments, up 1.5 percentage points from an estimated 20.7 percent in 2015. By value, remote payments represented 44.0 percent of all general-purpose card payments, a slight increase from an estimated 42.9 percent in 2015.
Financial Services Policy Committee
December 21, 2017
Albert Heijn testing ‘tap to go’ technology.
December 20, 2017 – Albert Heijn, our leading supermarket brand in the Netherlands, is taking grab-and-go convenience to the next level. Beginning this month, Albert Heijn is testing “tap to go” technology at one of its AH to go stores, allowing customers to pay for items without going through the checkout.
The technology, which is being piloted at the AH to go store at Ahold Delhaize’s support office in Zaandam, provides customers with a fast, efficient shopping experience by using a card or, in the near future, a smartphone.
After registering via an app, customers can select an item, tap an electronic shelf card, and go. Within 10 minutes, the money will be automatically transferred from their bank account.
December 20, 2017
Home Economics: How Life in 123 Million American Households Was Exposed Online.
In another blow to consumer privacy, the UpGuard Cyber Risk Team can now reveal that a cloud-based data repository containing data from Alteryx, a California-based data analytics firm, was left publicly exposed, revealing massive amounts of sensitive personal information for 123 million American households. Exposed within the repository are massive data sets belonging to Alteryx partner Experian, the consumer credit reporting agency, as well as the US Census Bureau, providing data sets from both Experian and the 2010 US Census. While the Census data consists entirely of publicly accessible statistics and information, Experian’s ConsumerView marketing database, a product sold to other enterprises, contains a mix of public details and more sensitive data.Taken together, the exposed data reveals billions of personally identifying details and data points about virtually every American household.
December 20, 2017
US Payments Forum Provides EMV Troubleshooting Guide for ATM Owners and Operators.
PRINCETON JUNCTION, N.J., Dec. 20, 2017 (GLOBE NEWSWIRE) — As the implementation of EMV at U.S. ATMs continues at a steady pace, some ATM owners and operators have questions about certain chip transaction scenarios. The U.S. Payments Forum released a new white paper today that provides recommendations to help ATM owners prevent common transaction issues, and offers suggestions for troubleshooting problems when they do occur.
The white paper, “EMV Troubleshooting Guide for ATM Owners and Operators,” and can be downloaded at http://www.uspaymentsforum.org/emv-troubleshooting-guide-for-atm-owners-and-operators/.
U.S. Payments Forum
Dec. 20, 2017
Chargeback Announced Today The Release of a New SaaS Product Aimed at Eliminating The Manual Work and Expertise Needed to Manage Credit Card Disputes Internally.
SOUTH JORDAN, Utah, Dec. 20, 2017 /PRNewswire/ — Online sales will hit $2.3 trillion this year. The inherent difficulties of shipping, returns, theft and fraud will result in $9 billion being disputed. A result of the fact that online transactions are disputed 12X the rate of their brick and mortar counterpart. As brands invest in the online channel they often find themselves investing in new tech to manage it, much of which was never needed before.
The Chargeback App is one of these previously unnecessary, new tools for managing online retail. The new SaaS platform was built for internal teams and employees tasked with “managing disputes” e.g. responding to chargebacks. A skillset that has morphed from pulling paper receipts for your processor to logging in to many different vendors, gathering data and making sense of it to build a representment document that hopefully adheres to complicated chargeback rules set forth independently and uniquely by each payment network, Visa, MasterCard, Discover, American Express and now PayPal.
NEWS PROVIDED BY
Dec 20, 2017, 08:45 ET
CALI GROUP DEMONSTRATES FACE BASED LOYALTY PROGRAM PILOT IN ITS RESTAURANT OPERATING DIVISION.
PASADENA, CA – December 19, 2017 – Cali Group and NEC Corporation of America today unveiled new AI-enabled self-ordering kiosks at CaliBurger, Cali Group’s restaurant operating division. The kiosks use NEC’s NeoFace® facial recognition software to identify registered customers and pull up their loyalty accounts and order preferences. The kiosk pilot program is now at CaliBurger’s Pasadena location, where the Quick Serve Restaurant chain showcases new
technologies developed by its parent company. If customers are pleased with the new ordering experience, the kiosks will be rolled out to CaliBurger’s global locations next year. Also in 2018, the platform will be used to allow customers to pay using their faces.
As shown in the demo video, customers will have the option of immediately activating their loyalty accounts as they approach the kiosks without needing to swipe a card or type in identifying information. The loyalty account shows a customer’s favorite historical meal packages, enabling the customer to complete the ordering transaction in a matter of seconds.
December 19, 2017
Lance J. Johnson Named New Executive Director of PCI Security Standards Council.
WAKEFIELD, Mass.–(BUSINESS WIRE)–The PCI Security Standards Council (PCI SSC) announced today that Lance J. Johnson has been named Executive Director for the PCI SSC effective January 2018. As Executive Director, Johnson will drive the organization’s strategy and oversee the PCI SSC senior leadership team and staff in implementing it.
Johnson comes to the PCI SSC from Sequent Software, Inc. where he served as Chief Operating Officer. Prior to Sequent, Johnson spent more than twenty years at Visa Inc., as a senior leader directing Visa’s efforts in global risk management and security, fraud detection and control, and global payment data and device security.
PCI Security Standards Council
December 19, 2017 02:00 PM Eastern Standard Time
ANZ and NXT-ID Subsidiary Fit Pay Collaborate to Bring New Tap and Go Payment Devices to the Australian Market.
Australia and New Zealand Banking Group Limited (ANZ) and Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today announced an agreement to extend contactless payment capabilities to a range of new devices. The agreement enables ANZ cardholders to make secure contactless payments at NFC-enabled point-of-sale locations directly from Internet of Things (IoT) and wearable devices that are integrated with the FitPay[TM] payment platform.
“We are very pleased to be working with one of Australia’s leading banks to help drive the adoption of new contactless payment technology,” said Michael Orlando, COO of NXT-ID and President of Fit Pay, Inc. “Australians have embraced the convenience of tap and go payments. This agreement allows them to enjoy that same frictionless payment experience on a wider variety of devices.”
Under the agreement, ANZ will participate in FitPay’s Token Requester Program, which enables cardholders to securely add their payment credentials to devices that are integrated with FitPay’s contactless payment platform. The platform uses tokenization, a payment security technology that replaces cardholders’ account information with a unique digital identifier (a “token”), to transact highly secure contactless payments. It allows consumers to pay at near-field communication-enabled point-of-sale terminals with a simple tap.
NEWS PROVIDED BY
Dec 19, 2017, 07:30 ET
TSYS Announces Agreement to Acquire Cayan.
Acquisition Accelerates TSYS’ Position as a Leading Technology Payments Provider to Small and Medium Size Businesses in the U.S.
COLUMBUS, Ga., Dec. 18, 2017 — TSYS (NYSE: TSS), a leading global payments solutions provider across the issuing, merchant and prepaid industries, today announced it has entered into an agreement to acquire Cayan, a payment technology company focused on integrated payment solutions and merchant acquiring, in an all cash transaction valued at approximately $1.05 billion. The transaction is expected to be modestly accretive to TSYS’ net revenue growth and adjusted diluted EPS in the first full year post closing.
DEC 18, 2017
How CEO Ajay Banga Is Transforming Mastercard Into A Digital Disruptor.
Forbes Middle East sat down for an exclusive interview with the global CEO of Mastercard, Ajay Banga, in Cairo.
Forbes Middle East
2017 PAYMENT THREATS AND FRAUD TRENDS REPORT
This new edition of the threats trends report reflects the recent development concerning security threats and fraud in the payments landscape over the past year.
European Payments Council
4 December 2017
FROM THE TUBE – PTO
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Sunday, 17 December 2017 | 7 Pages