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The National Payments Corporation of India has said Google Pay is authorized to operate in India, following
That news followed reports of a petition filed with Indian courts that
The
New wardrobe
Belgian bank KBC is launching wearable payments for all clients, including rings, watches, bracelets and keyrings linked to a debit card.
The bank completed a pilot with 1,000 customers using technology from Digiseq, BancontactPayconiqCompany, Fidesmo, Thales and equensWorldline, according to
The pilot found users embraced wearable payments but had different preferences for the type of wearable, leading the bank to expand devices. Rings were the most popular at 34% user preference, followed by 21% for smartwatches and 18% for keyrings.
Bit post
Australia Post and the Bitcoin.com.au exchange will support a billpay feature that allows consumers to buy cryptocurrency at more than 3,500 post office stores in Australia.
The stores will accept cash and card payments through the exchange, which is based in Cremorne, Victoria, reports
Australia Post dates to 1809 and has operated a bill pay service for more than 20 years. As many as one million Australians own cryptocurrency, according to Australian tax records.
Hiding out
Hackers are embedding code in image files as part of a way to hide card theft in website payment portals.
The trick makes it harder to spot than skimmers on ATMs and card readers at gas stations, reports
The code is hidden in favicons, which are the icons that are in the corner of a browser tab. The code is loaded through the WooCommerce plugin for WordPress, which then nabs information such as credit card details.
From the Web
THE WALL STREET JOURNAL | Sun June 28, 2020
As the U.S. casino industry remains a bastion of cash in an increasingly cashless world, the coronavirus pandemic has generated concerns over bills circulating among hundreds of hands on the casino floor, and that is pushing casinos toward cashless technology after years of discussion.
REUTERS | Fri June 26, 2020
The decision to suspend mobile payments will hit the economy hard as more than 80% of all transactions are conducted on phones due to a shortage of banknotes, according to central bank data.
CNBC | Sat June 27, 2020
Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks including JPMorgan Chase, Citigroup, Bank of America, Barclays and Capital One, according to people with knowledge of the matter at each firm.
More from PaymentsSource
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Two years after a consumer protection law changed how banks and other companies handle customer information, a new proposal aims for more sweeping reforms.
In order to keep up with the spike in demand, developing more innovative solutions for the digital payments market has moved up the list of priorities, saysConnectPay's Agne Selemonaite.
VCs and lenders rely on business data such as transaction records to inform funding decisions for fintechs or small businesses, but bias and uneven representation in management still result in gender and racial disparity.
Details about the level of global fraudulent attacks on consumer bank accounts during the coronavirus pandemic are coming into focus with new data from TransUnion.
Mastercard Inc. vowed to improve the diversity of its leadership ranks, saying it plans to increase the number of Black leaders at the vice president level and above by 50% by 2025.
Visa Inc. and Mastercard Inc. are considering revoking Wirecard AG’s ability to process payments on their networks in a move that would cause further pain for the firm after it started insolvency proceedings.
Amazon's Dash devices were an early, blunt take on the internet of things. Originally released as plastic buttons sold for $5 a pop, they allowed Amazon customers to order a predetermined product (whose brand was emblazoned on the button) without having to sit at a computer or open an app.
COVID-19 has accelerated the move to cashless systems across the world and across industries, but it hit the events industry particularly hard.
As businesses look to future proof their fraud operations, there are key steps they can take to protect themselves.
