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As Apple and the Merchant Customer Exchange battle it out over smartphone-based payments, Royal Bank of Canada and MasterCard are jumping past the phone to cement their roles in the fast-growing market for wearable payments.
November 3 -
Tokenization, a security method that eliminates account data from exposure, is fast becoming linked to the advancement of mobile payments. American Express' latest service is designed to push both technologies along.
November 3 -
The PCI Security Standards Council on has released updated standards on ways to promote company-wide security awareness.
October 31 -
Fraudsters are quickly developing a way to sidestep EMV-chip security ahead of the U.S. card networks' October 2015 deadline for adopting the technology.
October 30 -
The Merchant Customer Exchange is informing individuals and businesses involved in the testing the venture's CurrentC mobile payment system that "unauthorized third parties" have obtained some of their email addresses.
October 29 -
Even after partnering with MasterCard, Zwipe has a long journey ahead before its contactless cards with fingerprint authentication see mass adoption. But the high-tech cards have the potential to suppress fraud and deter security breaches beyond what traditional EMV-chip cards can do.
October 28 -
With the EMV migration in the U.S. in full swing, fraud is making its own migration to card-not-present (CNP) transactions, and one way to thwart the fraudsters is a digitized card security codeprovided the technology can be produced for a mass audience.
October 27 -
Apple Pay's launch coincided with the start of SourceMedia's PayThink conference in Phoenix, where executives from many banks and other financial companies provided their impressions of Apple's new mobile wallet.
October 24
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Even though U.S. merchants and acquirers have known about the looming deadline for EMV-chip card adoption for three years, their progress has been slow.
October 24 -
MasterCard is determined to take its tokenization technology for Apple Pay and spread the security method to many other payment products, including the card brand's own MasterPass digital wallet.
October 22
