Biometric authentication may be coming into its own as a tool to aid financial institutions and payments companies in serving their customers. At financial institutions, as much as $20.75 million is saved annually using biometric authentication instead of SMS one-time password services, says Reston, Va.-based Daon Inc., a biometric-services company, in a report based on…
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It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the tap-and-go payment method. Visa says…
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Is your institution considering Instant Issuance? It’s important to make sure you know all of the facts before choosing the program and provider that is right for you. IC Payments offers a program that provides an end-to-end solution for Instant Issuance. Our fully integrated Instant Issuance solution is completely “printer agnostic”. We deliver this innovation as a…
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Will 2018 be the year of contactless payments in the US? In the UK, card payments have overtaken cash payments and now account for more than 50 percent of all retail purchases, of which 30 percent were contactless. Other countries are seeing similar adoption increases for contactless payments. The one significant exception has been the US market—but…
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You deserve to have a card that represents your institution flawlessly. A great card design will make your customers proud to be a member of your institution, and proud to put your card at the top of their wallet. Our designers are eager to work alongside you and make your vision come to life. From…
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More mobile and contactless opportunities may be in the future for debit card issuers. The 2018 Debit Issuer Study from Houston-based Pulse Network, released this week, found 12.2% of debit cards were enrolled in Apple Inc.’s Apple Pay as of January, up from 6.3% in January 2017. Debit card enrollment in the other major mobile…
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Mobile contactless payments are growing at a nearly 31% compounded annual rate and will exceed $1 trillion worldwide by 2022, according to a new forecast from 451 Research. The prediction is contained 451’s Global Unified Commerce Forecast, which estimates that total online commerce accounts for about 10% of purchases currently, but is growing at more…
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ALEXANDRIA, Va.–Data for federally insured credit unions as of mid-year 2018 show total assets rapidly approaching $1.5 trillion even as the smallest credit unions continue to decline. NCUA’s Quarterly Credit Union Data Summary show that as of June 30, 2018, there were 5,480 federally insured credit unions with 114.1 million members. Here’s a look at…
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Managing payments used to be a lot like checkers: You had to match your strategy with your opponent’s moves, but the rules were relatively simple. These days, the payments space feels more like a chess match. With half-a-dozen players on the board. All playing by their own rules. Keeping pace with these shifts presents a…
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