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IBM has struck a deal with Visa which will give all of Big Blue's Watson IoT platform customers access to the card giant's payment services 
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Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information t
Vineet Anand's insight:
Wells opens secure API's to Intuit similar to Xero last year. PSD2 elements overflow from UK as some US banks embrace sharing for customer information for meeting a certain level of customer experience.
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Finextra: Samsung has struck a deal with MasterCard to connect European card issuers to the handset manufacturer's forthcoming mobile payments service.
Vineet Anand's insight:
Samsing Pay deal with MasterCard will enable connection with European card issuers very similar to Apple Pay launched two weeks ago in UK.
Denisa Zichackova's curator insight,
July 31, 2015 3:56 AM
Samsing Pay deal with MasterCard will enable connection with European card issuers very similar to Apple Pay launched two weeks ago in UK.
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Most people who use mobile banking apps want to tap biometrics, rather than passwords, to access their accounts, according to research from Oz telco Telstra which also shows that a quarter of respondents would even share their DNA with their banks if it boosted security and ease of access.
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Finextra: MasterCard is to extend support for tokenisation services to store-branded credit cards and e-commerce merchants
Vineet Anand's insight:
Tokenization services extended to private label cards by MC. News follows Apple WWDC announcement for support to private label cards!
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Finextra: Engineers in China have developed what is thought to be the world's first cash machine to ditch PINs in favour of facial recognition technology.
Vineet Anand's insight:
Tzekwan introduces facial recognition ATM!
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From
blogs
The new payment standards don’t address fundamental security issues, Forrester says, and adoption could be slowed by the rise of new technologies like mobile and contactless payments from companies like Apple.
Vineet Anand's insight:
No new news here !! We know the complete Chip & Pin adoption is at least 4-5 years away in the absence of a regulatory (Fed) driven date. In 2016 US market will see an unprecedented rise in Online Fraud driven by chip and pin at some merchants brick & mortar locations and 3DES new specs are slated for release by end of this year! Plus will need to see response from networks in EMV for driving new 3DES specs. Merchants that are more likely to use Chip & Pin terminals are driven by either fraud / security concerns similar to Target breach OR are upgrading terminals to provide a rich customer experience integrated with contactless and proximity marketing solutions. New retail terminals with EMV, Contactless, strip card, blue-tooth capabilities shift will be driven more by merchants that are focused on driving a augmented retail experience at store. Small merchants will need to assess what level of losses exist today vs. what is the cost to upgrade - the resulting business case will drive that acceptance. EMV is a function of building level of security for transactions, however requires a greater subset of solutions including Tokenization, P2PE, intrusion detection and network management as cloud based solutions gain greater momentum.
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In a strong first quarter that produced a 17 percent net income increase to $1 billion, MasterCard CEO Ajay Banga focused his comments during the company's call
Vineet Anand's insight:
Masterpass, Apple Pay, Samsung Pay, Tap & Pay with CBA, and Tokenization with the aim to remain technology (mobile device/platform) agnostic!
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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Watson IoT platform to open payment API's for access to Visa token service.