Visa launches Visa ID Intelligence, Mastercard says goodbye to signatures, Fed dials up payment security focus.

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October 19, 2017

Omni Usage Report

TRENDING: The Role Of Pop-Up Shops In Driving Omnicommerce
 

How does a handcrafted footwear startup walk the line between building a brand in the real world and selling shoes in the virtual one? In the latest PYMNTS.com Omni Usage Report, a Vantiv collaboration, Randy Shuken, founder of footwear retailer Qüero, explains why he relied on pop-up shops to boost sales online. Find that, a data-rich dive on customer behavior at large vs. small stores, the latest headlines and rankings of top players in the omnichannel space, inside the report.

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Breaking News

Mastercard Bids Bye-Bye To The Signature
 

And good riddance, we say, to a relic of the payments era that has long since passed — and only adds friction at checkout. So Mastercard is pulling the plug. Come April 2018, merchants no longer have to collect autographs at the POS. With better stuff out there to actually protect against fraud, Mastercard EVP Linda Kirkpatrick told Karen Webster, getting rid of an archaic method of authentication just makes sense.
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Bots

Text As Context For Banking In The Digital Age
 

Banking via text? The message is that messenger bots can give users flexibility in how they manage financial activities, says Ken Dodelin, vice president of conversational AI products at Capital One. Dodelin takes PYMNTS inside the design and build of the first ever SMS-based banking bot, Eno, and how Eno gets along with other bot buddies, such as Alexa.

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Breaking News

Visa Launches Authentication Ecosystem: Visa ID Intelligence
 

In the era of constant data breaches, the instinct to do anything — and everything — possible to lock out the cybercrooks often takes center stage. But Mark Nelsen, Visa’s SVP of risk and authentication, told Karen Webster that the technology exists today to put the brakes on fraud by better authenticating the consumer — and making it easy for FIs and merchants to connect to it. That’s the essence of Visa ID Intelligence — an ecosystem of SDKs and APIs from vetted authentication partners that can power new commerce use cases right out of the gate. Secure and convenient, Nelsen told Webster, no longer need to be an either/or.

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