Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …
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The Clearing House, EBA Clearing, a provider of pan-European payment-infrastructure technology, and financial-messaging specialist SWIFT have taken the next step in making their planned real-time cross-border payments pilot a reality. The three companies announced late Thursday that the technology piece of the puzzle is ready. This includes technical messaging between …
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One of the ways cryptocurrency is becoming more familiar to consumers and merchants is through debit cards backed by crypto holdings. The latest development in this trend came to light early Friday with an announcement that the crypto exchange FTX.com will offer Visa-branded debit cards around the world. A launch …
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U.S. retail sales, excluding automotive, increased 11% in September from September 2021, Mastercard Inc.’s latest SpendingPulse report found. E-commerce sales were up 10.7% year-over-year. The fuel and convenience sector had the highest growth, at 23.5%, last month. The luxury sector experienced a 5.2% loss against September 2021 sales.U.S. consumers plan to spend …
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The ride-share provider Uber is working with card-issuing platform Marqeta and fintech bank Branch to launch the Uber Pro Card, aimed at allowing drivers and couriers to earn cash back on gas, fees, and other costs. The card will be enabled through digital wallets.London-based International Game Technology PLC has expanded operations in the …
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It’s a fact of the payments world that fraudsters are adept at watching and following consumer behavior to maintain their criminal revenue flow. Just as consumers have returned to shopping in stores, criminals have returned to the point-of-sale, albeit without neglecting their online activities. That’s the summation from Visa Inc., …
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OnShift Inc., a provider of human-capital management software for caregivers, is dropping the fees for earned-wage access through its digital wallet. OnShift’s wallet runs on the Payactiv platform. As part of the new arrangement, senior care workers using the OnShift wallet can access a portion of their earned wages outside …
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In response to consumer demand to use buy now, pay later installment loans for higher-ticket purchases, such as home furnishings, the big BNPL player Afterpay has increased its credit limits and repayment periods. Afterpay users can now take out BNPL loans for purchases of between $400 and $4,000 and repay …
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The unceasing effort to eliminate e-commerce fraud while allowing legitimate transactions to flow unimpeded could be getting another boost as Mastercard Inc. pairs with Ravelin Technology Ltd., a machine-learning fraud platform, to better validate a consumer’s identity without adding friction to the checkout flow. Mastercard also introduced Crypto Secure, a …
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The SWIFT international payments network announced two tests it has completed have shown that central bank digital currencies and other tokenized assets can be handled without incident on existing processing technology.In related news, the fintech CryptoBucks said its CrytoBucks Wallet is available for download from the App Store and Google Play. The wallet allows …
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