| Mastercardâs Kirkpatrick: Transit Is The Ticket To Everyday Spend Mastercardâs announcement last week that contactless payments are coming to NYC subway turnstiles next month â and to 19 other cities nationwide shortly thereafter â is the contactless inflection point thatâs been years in the making, as Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance at Mastercard, told Karen Webster. More than that, she said, itâs the issuerâs ticket to top of wallet with everyday spend. Hereâs why. |
| Fixing The KYC And AML âHorse-and-Buggyâ Model Only 1 percent of proceeds from financial crimes are intercepted, which means the bad guys are getting away with hundreds of billions, even trillions of dollars. Trulioo GM Zac Cohen tells Karen Webster that AML and KYC efforts can be enhanced if FIs think of compliance as a revenue generator, and if they play in the sandbox with tech-nimble innovators. |
| Samsung Pay: Getting Past Contextual Commerce Friction Nearly 60 percent of consumers have tried contextual commerce, and those who havenât need a better reason to jump in, Samsung America Head of Merchant Solutions Bjorn Ovick told PYMNTS. Hereâs what he says that better experience must include. |
| | Payments Innovation | | Will Amazon Pay Plus Worldpay Conquer Food? The announcement last week that Worldpay was the first merchant acquirer to enable Amazon Pay is about more than making a new tender type available to Worldpay merchants. Karen Webster said it has the potential to create a single commerce experience across all of the channels and places where consumers buy and eat food. And, a bit ironically, perhaps, it could even give restaurant operators their best hope of surviving the threat of the aggregators. |
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