Visa says its AI prevents US$25 Billion in fraud a year
In 1993, Visa became the first payments network to apply neural networks to calculate, in real-time, the ‘riskiness’ of a transaction.
In 1993, Visa became the first payments network to apply neural networks to calculate, in real-time, the ‘riskiness’ of a transaction.
Three years after its launch, Australian payments startup, Airwallex, has gained unicorn status following fundraising of US$100 million, valuing the company at more than $US1 billion.
Sydney commuters from today are able to tap their credit or debit card, or smart wallet device instead of their Opal card to travel on metro trains.
Transport for New South Wales today launched its ‘Future Transport Digital Accelerator’ in Sydney to help start-ups collaborate with the agency and industry to “solve real customer needs”.
Samsung Pay can now be used by NAB customers, making the smartphone mobile wallet the first to be compatible with all of the Big Four Australian banks.
Fitbit and Mastercard have partnered to give fitness enthusiasts the ability to make contactless payments with their wearable.
Melbourne fintech start-up Airwallex has raised US$13 million to fund its international expansion.
Consumers could spend more than $1 billion per month in Australia using Apple Pay despite the service only being available to American Express card users, according to research.
You may pay for groceries with your smartphone and a connected credit card, via Apple Pay or Google Wallet. You may have seen some techy-type at your local drug store pay for his toothpaste and toilet paper with an Apple Watch. What you've probably not yet witnessed is someone making a secure payment with a tap of the wrist and biometric, heartbeat authentication. But if Canadian company Nymi has its way, you will.
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Merchant Customer Exchange (MCX), a group of large U.S. merchants, said Monday it expects to launch an early version of its CurrentC mobile payment app mid-year in an unnamed, mid-sized market.
Fitness-band maker Jawbone and American Express plan to allow cardholders to buy goods using a future fitness band equipped with NFC, according to a report.
Trust is eroding among mobile device users when it comes to making purchases or app downloads.
Only about half of the 12 million merchant payment terminals in the U.S. will be converted to accept more secure smart credit and debit cards and NFC-ready smartphones by the end of 2015, according to financial officials working to support the conversion.
An open industry alliance of 150 members that includes many of the world's biggest vendors -- but notably, not Apple -- released specifications Tuesday that promise to secure online communications without using passwords.