Payment processors need to be safeguarded especially while customers are still adapting to mobile payment systems
  • Phone Verification, Fraud Prevention

The Evolution of the Payment Processor Industry

The press surrounding mobile payment systems suggests that the service is going mainstream. From Apple Pay to Android Pay and Samsung Pay, what is it going to take to cut plastic out of the payment market? This question is even more relevant with companies like Starbucks announcing that it will accept Apple Pay. This means a latte in the payment market where the convenience can be as simple as getting a person’s coffee quicker while utilizing more secure forms of payment. However, the Time.com article, “Mobile Payments Showdown: Apple Pay vs. Android Pay vs. Samsung Pay” points out that the lack of a universal mobile payment system is creating a barrier in making mobile payments more widely accepted and used.

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Samsung challenges Apple and Android Pay
  • Phone Verification

The Next Payment Player Enters the United States

Apple Pay, Google Pay and now another mobile power player joins the group with Samsung Pay launching in the United States. This news follows a trail of a continuous feud of patents and technology between Apple and Samsung, which try to dominate the mobile market. This comes at a time where consumers are used to making purchases online in a split second and now can do the same thing in-store with the added benefit of extra security through tokenization.

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Google challenges Apple Pay with its reformed Android Pay
  • Phone Verification

Google Announces Revamped Android Pay

The Apple and Google battle continues as the Android Pay announcement comes just one day after Apple hosts a press conference regarding their new iPhone 6s, iPhone 6s Plus and more. According to the Android Blog, the system is “ the simple and secure way to pay with your Android phone at over one million locations across the US.”

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EVS analyzes peer-to-peer payments in new blog post
  • Phone Verification

Apple’s Latest Patent Application Focuses on Peer-to-Peer Payments

Big box retailers to luxury goods—data breaches happen frequently and to all types of companies. It can be a difficult transition from cash, which omits personally identifying information to credit and debit cards that store data. However, credit cards and debit cards can simplify and expedite payment transactions through mobile payment and digital wallet services, which has the potential to transition into peer-to-peer payments.

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Starbucks Coffee Faces Mobile Application Hacks
  • Identity Fraud, Phone Verification

Starbucks Has a Latte Things Brewing

Starbucks has something brewing and it is not coffee. Recent media reports allege that the Starbucks mobile application was hacked, but the brand is claiming otherwise. The issue arises seven months after Howard Schultz, the CEO of Starbucks, announced on an earning’s call that the company is an industry leader in mobile payments and ordering.

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