IMTC USA is just around the corner, and this year’s show has a strong agenda that focuses on how the money transfer industry can use technology to improve. The sessions will discuss how particular technologies can be integrated into the operations of Money Service Businesses (MSB) to:
On July 20th, Bright Talk hosted a webinar titled: Mobile Payments: Disruptive innovations or security threat? The distinguished panel included IdentityMind's Head of Products and Marketing, Jose Caldera. Other panelists included Kristian Sørensen from Norfico, Mario Maawad from CaixaBank, Giles Sutherland from Carta, and Douglas Kinloch from Inside Secure.
Person to Person payments (P2P) have been growing exponentially in the United States over the last three years. Also called Social Payments, P2P is a fast and easy way for individuals to send payments via the internet, instead of using traditional methods including cash, checks, and credit and debit cards. Examples of P2P services in the United States include Circle, Facebook Messenger, Snapcash, and Venmo. Often with P2P there are no fees for individuals to send or receive money.
Expected Increase in Card Not Present Fraud
EMV cards or chip cards were first introduced in Europe in the 1990s as a way to increase credit card security. As EMV became prevalent across Europe, merchants experienced significant decreases in fraud at point-of-sale vs. mag stripe cards. The migration to EMV in the US is expected to yield the same results.
Closely integrating payments and fraud prevention, the partnership will prepare online merchants for the rising CNP fraud rates due to EMV adoption and the expansion of FinTech payment models.
The ONBOARD initiative provides FinTech companies with a complete technology package and operational framework for minimizing the risk and compliance challenges of onboarding online customers
We’re proud to announce today the launch of ROOT: Groundbreaking Payment Services for Nutraceuticals. We’re launching the program at Natural Products Expo East, where we’ll be exhibiting at Booth #4635. If you’re attending the conference, stop by to pick up one of our new ROOT-branded reusable bags.