Identity in Payment, Banking, Transit, Loyalty, Parking

Citi jumps into EMV fray

Friday, August 12, 2011

Citi announced the launch of the Citi Corporate Chip and PIN card, a compliant smart card designed for U.S. corporate cardholders traveling abroad.

The cards, which include an embedded microprocessor, were developed in direct response to clients’ needs to use their U.S. commercial cards while traveling to regions where merchants are more familiar with chip cards and for use at unmanned kiosks where an agent is not always available to run the transaction through a point of sale device.

With more than one billion chip card users outside the U.S., chip cards are the dominant technology in many parts of the world. The new technology will be rolled out to U.S. clients in a phased approach beginning this month. [end] 

Google is rethinking its mobile payments strategy in light of slow consumer adoption of Google Wallet, sources close to the project told Bloomberg.

Feeling the heat from competitor Isis, Google is said to be courting wireless operators Verizon and AT&T in an effort to expand the service, which is currently only available through Sprint on two handsets.

read more »

South Africa’s First National Bank (FNB) has added a new feature to its mobile app that enables users to make peer-to-peer payments via GPS technology.

read more »

Discover announced it is implementing a 2013 EMV mandate for acquirers and direct-connect merchants in the U.S., Canada and Mexico. This industry alignment will streamline certification and deployment efforts and enable a manageable transition for all parties involved, including issuers, merchants and acquirers.

read more »

Denizbank, a private bank with 588 branches in Turkey, has joined Turkcell’s Cep-T Cuzdan platform, enabling its customers to make contactless payments with their NFC-enabled handsets.

read more »

Be first to comment...
Comment on this article

Your full name and URL will be displayed with your comment.

Your email is not shown or shared, and is used only for your Gravatar image.




characters left.