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IndustryUpdate
addition of in-app payments to Club in Canada
MasterPass means that smartphone
users do not have to store payment Square Inc. users can now pay for purchases with Discover Financial Services-
card credentials in each app. and Diners Club-branded payment cards at Canadian retailers. Square said
it processes more than $100 million annualized in credit card payments in
MEPs back interchange fee cap Canada. Discover acquired Diners Club in 2008.
In Brussels, Belgium, Members of 'Frictionless,' context-based authentication
the European Parliament (MEPs)
comprising the Economic and In conjunction with the RSA Conference 2014, held Feb. 24 to 28 in San
Monetary Affairs Committee Francisco, data security firm ThreatMetrix spotlighted its context-based
voted in favor of the European security and advanced fraud prevention solution designed to improve the
Commission's proposal to cap security of traditional username and password protection.
credit card interchange fees at 0.3
percent per transaction. For debit
card transactions, the proposal was
amended to 7 euro cents, or 0.2 per-
cent per transaction value, depend-
ing on which value is lower.
Paycard guidance published
The Network Branded Prepaid
Card Association and consumer
advocacy group Consumer Action
issued a four-page payroll card
guide designed to help employ-
ers educate employees on the elec-
tronic wage payment option. An
Employee's Guide to Payroll Cards
was produced with funding, tech-
nical feedback and industry exper-
tise from NBPCA members ADP,
Commerce Bank, First Data Corp.,
MasterCard and Visa Inc. The pub-
lication and its companion guide,
An Employer's Guide to Payroll Cards,
are available as free downloads at
www.nbpca.com/en/News-Room.aspx.
Cybersecurity coalition emerges
Trade associations representing
merchant and financial servic-
es interests have begun working
together to explore ways to increase
information sharing across groups,
improve card security and main-
tain consumer trust. Participants
joining forces as of February 2014
include the Retail Industry Leaders
Association, American Bankers
Association, American Hotel &
Lodging Association, Electronic
Transactions Association, National
Restaurant Association and
National Retail Federation, among
others.
Square adds Discover, Diners
23
addition of in-app payments to Club in Canada
MasterPass means that smartphone
users do not have to store payment Square Inc. users can now pay for purchases with Discover Financial Services-
card credentials in each app. and Diners Club-branded payment cards at Canadian retailers. Square said
it processes more than $100 million annualized in credit card payments in
MEPs back interchange fee cap Canada. Discover acquired Diners Club in 2008.
In Brussels, Belgium, Members of 'Frictionless,' context-based authentication
the European Parliament (MEPs)
comprising the Economic and In conjunction with the RSA Conference 2014, held Feb. 24 to 28 in San
Monetary Affairs Committee Francisco, data security firm ThreatMetrix spotlighted its context-based
voted in favor of the European security and advanced fraud prevention solution designed to improve the
Commission's proposal to cap security of traditional username and password protection.
credit card interchange fees at 0.3
percent per transaction. For debit
card transactions, the proposal was
amended to 7 euro cents, or 0.2 per-
cent per transaction value, depend-
ing on which value is lower.
Paycard guidance published
The Network Branded Prepaid
Card Association and consumer
advocacy group Consumer Action
issued a four-page payroll card
guide designed to help employ-
ers educate employees on the elec-
tronic wage payment option. An
Employee's Guide to Payroll Cards
was produced with funding, tech-
nical feedback and industry exper-
tise from NBPCA members ADP,
Commerce Bank, First Data Corp.,
MasterCard and Visa Inc. The pub-
lication and its companion guide,
An Employer's Guide to Payroll Cards,
are available as free downloads at
www.nbpca.com/en/News-Room.aspx.
Cybersecurity coalition emerges
Trade associations representing
merchant and financial servic-
es interests have begun working
together to explore ways to increase
information sharing across groups,
improve card security and main-
tain consumer trust. Participants
joining forces as of February 2014
include the Retail Industry Leaders
Association, American Bankers
Association, American Hotel &
Lodging Association, Electronic
Transactions Association, National
Restaurant Association and
National Retail Federation, among
others.
Square adds Discover, Diners
23
