Business & Finance

Fiserv completes unique PIN on mobile transaction

spike 10 months ago

In a move that is expected to boost the worldwide use of smartphones and tablets as POS terminals, Fiserv is enabling merchants to use their own devices to accept PIN on mobile payments of any amount without any additional hardware.

Fiserv completes unique PIN on mobile transaction

This is ground-breaking for small businesses and service providers that operate remotely due to its unique PIN on mobile capability, which facilitates secure PIN entry on a consumer-grade mobile device.

This simplifies payment acceptance by allowing merchants to accept PIN-based contactless transactions without the need for a separate card reader or PIN-entry device,

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Where in the world is payments innovation? LATAM

spike 10 months ago

When you think of the word innovation, many different concepts and places come to mind. You may think of high-speed rail transit in Japan or Elon Musk’s Hyperloop. But, while the world is focused on these established regions, several countries across Latin America are driving significant change – especially in payments and e-commerce.

Where in the world is payments innovation? LATAM

Innovation is defined by Merriam-Webster as “the introduction of a new idea, method or device”. This is what’s happening right now in LATAM, as changing consumer preferences have forced Latin America to innovate new payment solutions to meet the

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Banking Trojan conning people to identify those infected by COVID-19

spike 10 months ago

The infamous Ginp banking Trojan, which acquired the ability to insert fake text messages into the inbox of a regular SMS app back in March, has now acquired a new functionality—one that takes advantage of the current COVID-19 pandemic.

Banking Trojan conning people to identify those infected by COVID-19

Once downloaded on a victim’s phone, the Ginp Trojan can receive a command from the attacker to open a webpage titled “Coronavirus Finder”, which claims there are people nearby infected with the virus.

In order to learn where these individuals are, the victim is asked to pay €0.75. If

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Lloyd’s of London announces huge turnaround in 2019 results

spike 10 months ago

Lloyd’s of London’s plans to drastically cut the cost of buying insurance as part of a strategy to restore the company’s fortunes seems to have paid off. The oldest insurance market in the world has now reported a £2.5 billion (around SG$4.2 billion) pre-tax profit for 2019, and credits tighter underwriting and robust investment returns for this win. The market also said it was ready to support customers and partners affected by coronavirus.

Lloyd’s reports aggregate result figures of its syndicate members and stated that its solvency ratio, which measures balance sheet strength, came in at 205% in spite of

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