Visa Token Service adds 28 new business partners globally

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Visa says that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors. These new partners will help make digital transactions more secure by tokenizing both one-time and recurring payments made with Visa credentials.

Visa Token Service adds 28 new partners globally

Tokenization replaces a cardholder’s 16-digit Visa account number with a token that only Visa can unlock, protecting the underlying card number from fraudsters.

In addition to enhancing security, tokenization also helps reduce friction in the payment process, because customers do not have to manually update stored card information if their Visa card is lost,

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Europe’s top 10 cashless countries ranked by digital readiness

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A new study has analysed Europe’s leading cashless economies. The study highlights the countries where citizens are most likely to go completely cashless and who uses contactless payments the most.

According to the largest ATM operator in the UK, Link, cash usage has halved in the last few months due to fears of spreading COVID-19 through cash usage, shop closures, the shift to contactless payments and more people spending online. But where in Europe is the most cashless society?

The Merchant Machine study notes that the Netherlands ranks 1st place as the most cash free country in Europe. With

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Exclusive: Google faces antitrust case in India over payments app – sources

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NEW DELHI (Reuters) – India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters.

FILE PHOTO: A woman walks past the logo of Google during an event in New Delhi, India, August 28, 2018. Picture taken August 28, 2018. REUTERS/Adnan Abidi/File Photo

The complaint was filed in February and the Competition Commission of India (CCI) has kept the identity of the complainant confidential, the first source with direct knowledge of the case said.

The complaint alleges

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Hong Kong unrest worries curb global shares rally

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LONDON/TOKYO (Reuters) – Unrest in Hong Kong over Beijing’s proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy.

FILE PHOTO: A man wearing a protective face mask walks past the London Stock Exchange Group building in the City of London financial district, London, Britain, March 9, 2020. REUTERS/Toby Melville

Riot police fired pepper pellets on protesters in Hong Kong’s main business district, rekindling concern about the protests seen last year that hit the territory’s economy.

MSCI’s ex-Japan Asia-Pacific index .MIAPJ0000PUS fell 0.4%, as Hong Kong and mainland

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