SMS Hijack Attacks Raising Concerns Sending One-Time SMS Passcodes

The National Institute of Standards and Technology (NIST)’s recommendation to deprecate SMS one-time passcodes as a second factor of authentication takes a big leap forward with the help of Payfone. Payfone’s Instant Authentication for Mobile solution thwarts SMS Hijack and SMS-forwarding attacks. The company’s proprietary technology prevents these types of attacks by replacing easy-to-intercept OTPs…

NFC Wearables Key Driver in Global PoS Payments Accessories Vertical

The latest trend gaining momentum in the payments market is NFC in smart devices and PoS systems. The global PoS accessories market is witnessing a major shift in technology with the increasing adoption of NFC in wearable devices, such as smartwatches, smart wristbands, and smartphones. Till 2011, the contactless payment option was available for NFC-enabled…

Bankers Behind the Eight Ball on Formal Payments Strategy

Nearly nine of 10 bankers admit their bank does not have a formal payments strategy. Of those, only 46% have plans to develop a formal payments strategy. Furthermore, 36% of respondents characterize their bank’s approach to payments strategy as “fast follower,” while 54% said their bank takes a “wait and see” approach. Only 3% consider…

Fully-Integrated, Linux-based Portable mPOS Platform Taken to a Higher Level

Verifone has launched two new portable and mPOS products: Verifone V240m & Verifone e285. Both devices are commerce-enabled and certified with the highest level of global security, PCI 5.0. This important certification, granted by the PCI Security Standards Council, ensures strong device protection for cardholder payment data and ensures the strongest possible protection in a…

Software Only Card Payment mPOS App Now in Extended Beta


The first UK technology app enabling micro-businesses to take physical card payments using smartphones without any additional dedicated hardware is not far off. Worldpay announced the launch of the first ever extended-trial of a software only card payment mPOS (mobile point of sale). My Business Mobile will allow businesses to download an app and accept…

Thailand’s KBank JCB Credit Card Accommodates Japanese Culture

Thailand’s KBank and JCB have buddied to introduce the “KBank JCB Credit Card” to accommodate Japanese culture and lifestyles. The new card offers a wide range of attractive privileges are offered to Japanese cardholders, with first-year targets of 100,000 cards and spending of 2 billion Baht. Being among the most-visited destinations of Thai travelers, Japan…

Deals Facilitate AliPay in Germany & Empowers VEON Platform in Italy

Wirecard has recently nailed two big deals, one in Germany and one in Italy. In Germany Wirecard inked high-quality knife and cookware specialist Zwilling as a customer for Alipay. The company operates in nearly 100 countries worldwide and is one of the largest kitchen and household goods chains in Germany. The kitchenware specialist will now…

2018 Will Herald Arrival of New Tools in the Fight Against CNP Fraud

Retailers stand to lose $71 billion globally from fraudulent CNP (Card-Not-Present) transactions over the next five years. Factors, such as the USA’s shift to EMV cards, delays in 3DS 2.0 (3D-Secure) and click-and-collect fraud were key drivers behind the rise. New data from Juniper Research has found many merchants still perceive combatting fraud as too…

Android Pay + WorldRemit = C2B Payments w/No CC, 3DS, 3G, Wifi or Agents

Digital money transfer service WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Pioneering a mobile-first approach to the $600 illion a year remittance industry, the move sees WorldRemit bringing together the leading players in mobile…

Visa’s Major TSP Expansion Targets Embedding Things Paying for Things

Eight out of 10 Americans have a strong interest in using connected devices to make purchases, with a keen eye toward security and data concerns. Meanwhile, Visa confirms it has signed 13 new partners to participate in its token service provider (TSP) program, as the payments industry shifts from plastic to digital and broader access…