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

Push Payments

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...

Verizon Launches Visual Calling App

Verizon today announced the release of a new app designed to provide customers with one-touch communications with contact centers and to enable them to have visual as well as voice communications with contact center agents. According to research and consulting firm Ovum, 84 percent of surveyed consumers reported sometimes or always using the Web to get information before calling a customer service agent, and 64 percent would like easier access to live agents. The new...

Beware of False Declines: Survey

False declines, rejecting good transactions because they are thought to be fraudulent, can prompt millennials to change financial institutions, according to an Aite Group/Iovation survey. More than 42 percent of consumers said that a false decline would motivate them to leave their banking institution altogether. False declines occur when a valid transaction by the authorized cardholder is erroneously declined. Last year in the U.S. market, approximately $264 billion in card...

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