News

Payment Methods
MasterCard Names President Of US Issuers
April 06, 2016

On Tuesday (April 5), MasterCard announced the appointment of Raj Seshadri as its president of U.S. issuers. In the new role, Seshadri will manage and expand the company’s bank and credit union partnerships throughout the U.S. In a company statement, Craig Vosburg, MasterCard president of...

Mobile Payments
ProPay Merchants Can Now Accept Samsung Pay
April 06, 2016

ProPay, a TSYS company, has thrown its weight behind Samsung Pay. The company announced yesterday (April 5) that it has added Samsung Pay to its payments solutions suite in order to provide its merchants another mobile payment option. This means that ProPay merchants with the...

Security & Fraud
Hiring Hackers A Hot Business
April 06, 2016

With the help of online tools, becoming a hacker isn’t really that hard, and those teaching the trade have happened upon quite a lucrative business opportunity. The data from a new report, released on Tuesday (April 5) by security company Dell SecureWorks, shows that business...

WhatsApp Flips Encryption Switch
April 06, 2016

Yet another big name in tech has leveled up its encrypted products. Facebook announced on Tuesday (April 5) that the default encryption settings for the more than 1 billion users of its messaging service, WhatsApp, are now turned on, ensuring that messages sent between a...

Illegal Online Drug Sales Threaten Acquiring Banks
April 06, 2016

The computer can bring anything to you: entertainment, deep knowledge, new language … why not drugs? As is the case with anything that involves a transaction, the rules of supply and demand still hold sway, and as G2 Web Services recently noted, “violating websites” allow...

‘Cookies’ Lifts The Lid On Its P2P Payments App
April 06, 2016

A startup called Cookies wants to be like Venmo — but in Europe. And as its cofounder, Lamine Cheloufi, told TechCrunch back in December: “The payment field in Europe is kind of broken.” But what was Cookies’ solution? It was a bit of a mystery about...

PayPal’s Decade In Mobile
April 06, 2016

A year and two months before the world would be introduced to the iPhone, the notion of buying anything on a mobile device other than a ringtone — much less using it to actually initiate the purchase and pay for the item — was nary more than...

International
What’s In The Cards For US And Canada Payments (Literally)?
April 06, 2016

Last week, TSYS’ Sarah Hartman and Adam Smitherman shared new data with Karen Webster about the state of payments in Canada and the U.S. in a live broadcast. Some of what was disclosed was rather interesting, maybe even surprising. For instance, more than 50 percent...

Mobile Payments
Alipay Coming To Europe
April 05, 2016

Alipay, the digital payments platform, of Alibaba’s financial arm, Ant Financial, is ready for its biggest global expansion: Europe. The announcement that Alipay will be launching in Europe this summer will give its massive 450+ million active Chinese consumers the chance to use the digital...