Tags » Authentication, Card Fraud, ECommerce Payments, Online Banking
Fair Isaac has announced the release of Falcon One for Online Access, a real-time, multi-factor authentication solution that the company says "uses industry-leading fraud analytics to provide maximum online fraud detection with minimal customer impact."
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Tags » Checking Accounts, Financial Regulators
The Federal Reserve Banks have announced changes to their check operations as consumers and businesses continue the shift from using paper checks toward electronic payments.
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Tags » Mobile Payments, Obopay
Obopay has announced that it will enable a new phone payment option for online retailers and BREW mobile application providers that provides merchants an easy and low-cost way to process mobile payment transactions and enables consumers to easily initiate purchases from their mobile phones with a simple touch of the keypad.
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Tags » Health Savings Accounts, Metavante, Prepaid Cards and Stored Value Cards
Metavante has announced that its healthcare benefit debit card, the MBI Benefits Card, is the first and only card and authorization system in the payments industry to authorize healthcare purchases against a health reimbursement arrangement (HRA) maximum in real time at the individual and family level.
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Tags » Prepaid Cards and Stored Value Cards, Unbanked
The "unbanked" and financially underserved population is making its mark in the economy in a market segment that now exceeds $10 billion, according to data compiled by Phoenix ESP Payments Research Group. Phoenix reports that although this below-the-radar group may not be using credit cards to make purchases, many are turning to pre-paid cards instead, fueling an opportunity for financial services firms and retailers.
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Tags » Card Payments, Interchange Fees, Merchants
Barbara Hagenbaugh reports for USA TODAY on why some gasoline retailers are again offering discounts for payment in cash vs. cards.
Tags » Authentication, FSTC
The Financial Services Technology Consortium (FSTC) has announced the conclusion of phase I of its Better Mutual Authentication (BMA) Project, part of an on-going effort to secure access to customer accounts and combat fraud across the financial services industry.
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