Missouri congressman drafts data breach notification bill

Missouri Congressman Blaine Luetkemeyer is crafting a bill to legislation that would clarify and codify the obligations of financial companies to report data breaches, according to a report by Bloomberg Law. This is a second attempt by Luetkemeyer to draft...

Alipay to work with Japanese merchants ahead of Tokyo Olympic Games

Alipay recently announced it will collaborate with a wider range of local Japanese partners to build a cashless environment for tourists coming to Japan, in particular for the Tokyo Olympic Games in 2020, according to a press release. Alipay said...

Australian mobile loyalty platform teams with Visa

Australia-based mobile loyalty platform PokitPal has announced a partnership with Visa to roll out a scheme that will offer instant rewards, including cashback, to all Visa cardholders across the country, according to a press release. Starting in October, PokitPal will...

Fortumo expands direct carrier billing partnership with Spotify

Direct carrier billing company Fortumo is expanding its partnership with Spotify in southeast Asia, with an emphasis in Indonesia and Thailand. Fortumo is working with the telco company Telkomsel in Indonesia while its partnerships in Thailand include AIS and DTAC,...

Visa notes progress with US EMV transition

Visa released June EMV statistics showing that the network continues to make progress on EMV migration in the U.S. According to a Visa press release: Card counterfeit fraud losses have been reduced 75 percent at EMV-enabled merchant locations since the...

MoneyGram expands partnership with GCash mobile wallet

MoneyGram and Philippines-based mobile wallet GCash have announced customers worldwide can now send remittances to over 10 million GCash mobile wallets in the country at any time, according to a press release. "With the growing number of overseas Filipino workers...

Study: Future smartphone payments to rely on software security

A new Juniper Research report predicts the biggest shift in mobile payment security will be the move toward software-based methods, which rely on standard smartphone components, according to a press release about the report. The research forecasts users of these...

WorldRemit launches digital remittance service in Africa

WorldRemit plans to launch digital service in Africa, according to a press release. The company said it will target what it deems as fast-growing economies in east Africa for the initial rollout. Those countries include Kenya, Rwanda, Tanzania and Uganda...

Nigeria's Paystack scores $8M in latest funding round from Stripe, Visa, Tencent

Stripe, Visa and Tencent have contributed to a series A funding round for Paystack, a Nigerian-based company that specializes in providing merchants with online payment options. Paystack raised $8 million in this round, according to multiple reports. Tencent also had...

Envoc launches person-to-person digital credential verification for LA Wallet app

Louisiana's digital license app is getting a major update just a couple of months after its release. The LA Wallet's latest update includes top user-requested features such as a built-in license verification module, Touch ID and Face ID compatibility, and...

Kony partners with Payveris to deliver digital payments products

Kony Inc., a provider of digital banking products, has announced a strategic partnership with Payveris LLC, a provider of digital money technology to financial institutions, according to a press release. Kony said the Payveris partnership will enable it to help...

Xoom partners with Ria Money to spur global expansion

Xoom, PayPal's international money transfer service, has announced a partnership with Ria, a subsidiary of Euronet Worldwide, to offer Xoom customers cash pick-up service at more than 150,000 of Ria's international network locations. Through this partnership, Xoom said it is...

Alipay, WeChat crack down on crypto purchases

Ant Financial and Tencent are taking measures to monitor cryptocurrency transactions on their popular mobile wallet platforms in light of the Chinese government's recent crackdown on cryptocurrency-related fundraising and trading activities. Tencent last week released a statement highlighting the measures...

Worldnet launches EMV product for virtual merchants

Worldnet, a payments product provider, has introduced GoChipNow, a plug-and-play product for virtual terminal merchants who want to upgrade to EMV, according to a press release. The company said GoChipNow makes it simple for anyone who previously purchased any magnetic...

Marvel Media partners with SLA Digital to expand international reach with carrier billing

Marvel Media is partnering with SLA Digital to extend their carrier billing coverage across the Middle East and Asia, according to a press release. Established in 2010, Marvel Media is focused on providing mobile entertainment services to their customers with...

Visa invests in Japan's Paidy, a post-pay credit provider

Japan's Paidy, an instantly-issued post-pay credit provider, has announced an investment from Visa as part of the company's Series C funding, according to a press release. Paidy is Japan's first instantly-issued post-pay credit service for e-commerce consumers. The two companies...

Australian payments industry ramps up fight against CNP card fraud

The Australian Payments Network, also known as AusPayNet, has announced the start of an industry consultation on a new framework to accelerate the fight against online card fraud. The announcement coincides with the release of the latest card fraud data...

Study: Consumers double adoption of retailer mobile apps

As mobile shopping continues to grow, consumers are downloading retailers' mobile apps at double the rate of years past and conducting more in-app purchases, according to new findings from Synchrony. Some 67 percent of consumers have downloaded a retailer's app,...

CellPoint Mobile, Runtriz partner on payment capabilities for hospitality sector

CellPoint Mobile, a provider of mobile technology products for travel and hospitality brands, is partnering with Runtriz to provide enterprise-level payment capabilities for hotel mobile products. The partnership will enable Runtriz's hotel customers to provide their guests the ability to...

KeyBank to enhance banking products with MasterCard's AI product

MasterCard and KeyBank have announced the bank will now use MasterCard Decision Intelligence, a security product that uses artificial intelligence to make more informed authorization decisions, according to a press release. This will enable KeyBank to increase the accuracy of...

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Podcast Episode 10: The cashless society: A debate for the future