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IndustryUpdate
NFC Forum reduces fees for startups BCC Research releases paper on wallets
The NFC Forum instituted a reduced membership fee According to a report released by BCC Research LLC,
for startups. The Startup Implementer Membership fee is rising awareness of mobile wallets and their applica-
exclusively for near field communication (NFC)-focused tions, higher sales of smartphones, and increasing secu-
startup companies. It allows young and developing com- rity are among key market drivers. Mobile Wallet and
panies to participate in the NFC Forum's technical, mar- Payment Technologies: Global Markets (IFT070B) examines
keting, and educational efforts, as well as grants them the mobile wallet industry's supporting equipment and
free access to NFC Forum technical specifications and technologies, as well as related legislation and regula-
encourages participation in its Certification Program. tions. Analysis of global market drivers and trends and
projections through 2020 also are provided.
Payment Card Technologies raises capital
ISACA establishes mobile security guidelines
Digital banking and payment company Payment Card
Technologies released information on a management Advancements in mobile payment security technol-
buyout supported by a $13.3 million (€12 million) invest- ogy are curbing risks and improving consumer trust
ment from a European private equity firm. The trans- beyond levels traditionally associated with plastic pay-
action provides the company with significant growth ment cards, according to new research the ISACA, a
development capital and a strong debt-free balance sheet global association previously known as the Information
for further expansion both in Europe and internation- Systems Audit and Control Association. The compli-
ally, PCT stated. mentary guide, Is Mobile the Winner in Payment Security?,
outlines several distinct advantages of mobile payments.
Vantiv commences developer network Tokenization, device-specific cryptograms and two-fac-
tor authentication are described as improvements that
Vantiv Inc. launched Vantiv O.N.E. (One Network can increase the appeal of mobile payments among both
Experience) to provide software developers a best-in- consumers and vendors.
class destination for integrating payments into their
applications for mobile, in-store and online processing. Mercator reports on EMV
Vantiv O.N.E. enables software developers to get appli-
cations to market faster, make compliance and secu- Mercator Advisory Group's newest research report,
rity easier, and help fuel innovation in the increasingly EMV in 2016: Breaking Through the Bottleneck, provides an
complex market for omnichannel commerce solutions, updated outlook on the U.S. EMV (Europay, MasterCard
Vantiv said. and Visa) migration, including estimates for chip card
issuance and distribution and activation of chip-accept-
Visa expands to Palo Alto ing POS terminals. According to the report, progress in
the issuance of chip cards is occurring, but continued
Visa Inc. will open a new office in Silicon Valley as part challenges remain in certifying and activating dormant
of its continued efforts to accelerate digital commerce POS terminals to accept EMV transactions.
globally. The new 62,000-square-foot facility, located in
Palo Alto, Calif., will provide office and collaboration Temkin Group issues report on mobile behavior
spaces for approximately 300 Visa employees focused on
technology research, business intelligence, data security Temkin Group released a research report entitled Five C's
and merchant solutions. The Palo Alto office is one of of Mobile VoC Disruption. The report shows how organi-
several new facilities Visa has opened in the last year. zations need to adapt to accommodate a significant shift
caused by the growth of mobile devices. "Deploying
RESEARCH mobile-friendly customer surveys is a good start, but
it's not nearly enough to keep up with the mobile dis-
ACI, Aite report on card fraud ruption," stated Jen Rodstrom, Customer Experience
Transformist of Temkin and primary report author. For
Thirty percent of consumers globally have experienced best results, mobile engagements need to be condensed,
card fraud in the past five years, according to new global comprehensive, current, conversational and contextual.
benchmark data from ACI Worldwide and Aite Group
LLC. Researchers studied more than 6,000 consumers PARTNERSHIPS
across 20 countries and found card fraud rates have risen
worldwide since ACI's last study in 2014. Key findings 3dcart, Bablic team up
indicate risky behaviors, such as leaving smartphones
unlocked when not in use, have a direct correlation to 3dcart formed a new partnership with Bablic, a website
fraud, and the overall risk for fraud is rising due to the localization solution. Designed to increase traffic, user-
global increase in smartphone and tablet usage. engagement and sales, Bablic allows merchants to quick-
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