7 mobile wallets that are shaking things up in payments

There are umpteen mobile wallets in the marketplace angling for customer loyalty (and marketing data). Here are seven contenders to keep an eye on.

1,000 bitcoin ATMs going to Greece

August 21, 2015

With strict capital controls in place and trust in the banking system 'long gone,' Greeks are turning to bitcoin as an alternative to fiat currency.

First Tech, MasterCard pilot puts selfies to the test

August 21, 2015

'Selfie Pay' will test the use of facial recognition and fingerprint ID for online credit and debit card purchases transacted via smartphone.

New gateway lets Ghanaians pay online with ATM cards

August 21, 2015

Previously, only MasterCard- and Visa-branded payment cards could be used for e-commerce.

No sunglasses, no hats — and definitely, no balaclavas

August 21, 2015

As South Korea prepares to roll out facial recognition software on ATMs, users of the machines are being advised to be recognizable.

GCA to rebrand as Everi

August 21, 2015

The company says its new brand will be an important asset as it works to address new opportunities and expand market share.

Nigeria slashes daily limit for foreign ATM withdrawals

August 20, 2015

Domestic ATM and debit cards are now limited to $300 per day for foreign ATM cash withdrawals, POS transactions and e-commerce purchases.

Biometrics: The key to secure, convenient ATM transactions

There are no longer valid technical reasons why we should continue to expose ourselves to crime through the use of dated security systems and practices.

ICBA, MoneyPass renew preferred provider agreement

August 20, 2015

MoneyPass offers special discounts and perks to ICBA member banks that join its nationwide network of 24,000 surcharge-free ATMs.

Thailand licenses China's UnionPay chip card standard

August 20, 2015

The newly signed agreement signals the first move in China's push to export the UnionPay chip card standard.

Boston-area FI joins ATM cardless cash movement

August 20, 2015

Avidia Bank, a community FI serving suburban Boston, has partnered with FIS to offer QR code-based cardless cash access at its ATMs.

Third fraudster pleads guilty in cross-country ATM caper

August 20, 2015

Three co-conspirators skimmed data in Europe and then took a US road trip, stopping at ATMs every few miles to withdraw cash using counterfeit cards.

Partnership ups the effectiveness of check fraud detection

August 20, 2015

IMM and Advanced Fraud Solutions say they are now able to provide almost real-time notification of potentially fraudulent check transactions.

Industry groups launch EMV consumer education initiative

August 20, 2015

The program provides messages and materials for industry stakeholders to use in educating consumers about the use and benefits of chip cards.

Capital Prepaid Visa card adds mobile RDC

August 19, 2015

Using a smartphone, cardholders can take a picture of a check and, if it's approved, load the funds to their card within minutes.

Banks struggle to capitalize on mobile customers

by Will Hernandez — Editor, NetWorld Media Group

Mobile banking is on the rise, but financial institutions have yet to figure out how to connect with consumers on a smaller screen.

Will mobile payments kill cash?

August 18, 2015

A new research paper asks — and answers — the question.

Euronet aids Indonesian FI with chip card issuer-acquirer cert

August 17, 2015

Euronet and its local partner, PT Sigma Cipta Caraka, worked with Bank Antardaerah to implement support for chip card ATM and debit transactions.

EMV solution offers workaround for complex certifications

August 17, 2015

Payment solutions provider OpenEdge says its systems are tested, certified and ready to process EMV transactions.

DNA approves Fime chip card personalization validation service

August 17, 2015

The new DNA program confirms that EMV chip cards using the DNA Shared Debit AID and corresponding acceptance terminals comply with DNA requirements.