News and Events for the Mobile Marketing, Payments, and Technology Industries

Push Payments

Mobile Payments Growing Sharply; Digital Wallets Increase Marginally

Consumers are paying more bills from mobile devices and making more person-to-person payments while starting to venture into digital wallets, according to a new Fiserv survey. Faster payments continue to be important to consumers, with 76 percent saying that it is at least somewhat important that the payments they make are delivered in real time. “Consumers are living more digital lives, and that is being reflected in the way they pay,” said Mark Ernst, Fiserv...

Identity Issues Top FI Challenges: Aite

Two of the largest challenges facing financial institutions are identity-related, according to the new Aite Group impact report: Financial Institution Fraud Trends: ATO and Application Fraud Rising Rapidly. Application fraud and account takeover fraud threats were initially fueled by the wealth of personal information available from so many data breaches, Aite said in a press release. The fraudsters have since built on this personal financial information to become far more...

Pin4 Acquires HCI International to Expand Growth

Pin4™ has acquired a majority equity ownership stake in HalCash International (HCI), the developer and owner of the HalCash system—a patented, mobile-phone-based technology enabling real-time cardless cash withdrawals at ATMs without the need for a credit card, debit card or bank account. The system provides access to more than 8,000 ATMs throughout Spain and is used by financial institutions, marketing companies, remittance companies and other businesses to deliver...

Kount, BehavioSec Join Forces

Kount and BehavioSec have partnered, with Kount’s fraud prevention platform for card-not present (CNP) transactions incorporating BehavioSec’s behavioral biometric technology. BehavioSec deploys continuous machine learning, which authenticates users of apps and other interactive technology based not on what they do, but on how they do it. This behavioral biometric technology, now adopted by Kount, can verify and confirm a user’s identity by monitoring how they...

Strong Growth Expected for Biometric Payments

Biometric authentication for mobile payments will grow sharply this year, according to a new report from research firm Juniper Research. The report expects nearly 2 billion mobile payments to be authorized by biometrics in 2017, up from a little more than 600 million last year, led by mobile wallets like ApplePay and SamsungPay, which offer biometric authentication options. Juniper also cites the growing availability of fingerprint sensors as helping to drive growth in...

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