Apple Pay Different Card Number on Receipt
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How Can Private Sector Systems Achieve Public Policy Goals?
Faster Payments in the United States: How Can Private Sector Systems Achieve Public Policy Goals? Fumiko Hayashi June 2015 RWP 15-03 Faster Payments in the United States: How Can Private Sector Systems Achieve Public Policy Goals?∗ Fumiko Hayashi† June 2015 Abstract Consumers and businesses are increasingly expecting faster payments. While many countries have already developed or are in process of developing faster payments, the availability of these payments is fragmented in the United States. The recently released paper by the Federal Reserve encourages private sector participants to provide faster payment services. However, private- sector faster payments systems will face significant challenges in achieving public policy goals of ubiquity, safety, and efficiency unless system governance represents broad public interests. One way to better align private-sector interests with those of the public is for the Federal Reserve to influence governance of the private-sector systems through its leadership role. JEL Classification: L5; L88; M14 Keywords: Faster payments, System governance, Public interest ∗ The author thanks Kelly Edmiston and Richard J. Sullivan for valuable comments, and Elizabeth Cook for editorial suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the Federal Reserve Bank of Kansas City or the Federal Reserve System. † Fumiko Hayashi is a senior economist at the Federal Reserve Bank of Kansas City. E-mail: [email protected]. 1 1. Introduction In the wake of technological innovations such as high-speed data networks and sophisticated mobile computing devices, consumers and businesses have raised their expectations for faster payments. Payment users increasingly expect electronic payment products to be accessible through mobile and online channels at any time. -
Adyen Retail Therapy Report
The Adyen Retail Therapy report The UK’s love-hate relationship with shopping, and why consumers and retailers may be a little less British than we thought #AdyenRetailTherapy is our mission to explore what UK shoppers really want, and the practical steps retailers can take to meet these expectations. This research is just the beginning of our campaign to marry the needs of the British customer with the emerging innovations in retail. We hope you enjoy it. THE ADYEN RETAIL THERAPY REPORT 1 Shopping by numbers Shoppers Retailers 57% of consumers Over half say queuing is their biggest frustration of medium and large with the in-store experience, yet retailers claim in-store only 2% would go to a different experience is their shop with a shorter line strongest retail platform Only 3% Less than 4% of Brits say they no longer shop in- of all retailers are satisfied store but 69% love shopping online with their apps to compare prices and find bargains 73% of shoppers Less than 15% of large have abandoned an online transaction retailers believe they have a strong because the delivery cost is too high online shopping experience THE ADYEN RETAIL THERAPY REPORT 2 Contents Executive summary 4 What’s in-store? 5 Our attitudes to the traditional, physical and sociable shopping experience Hook, online and sinker 15 Is online shopping the irresistible force it promised to be? I shop, therefore I am 26 How attitudes to shopping differ between genders, groups and individuals Conclusion 40 Methodology 42 Executive summary It has been said that even if he is alone, has not killed off the high street – not by an Englishman forms an orderly queue of a long chalk; the biggest retailers have one. -
EMF Implementing EMV at The
Implementing EMV®at the ATM: Requirements and Recommendations for the U.S. ATM Community Version 2.0 Date: June 2015 Implementing EMV at the ATM: Requirements and Recommendations for the U.S. ATM Community About the EMV Migration Forum The EMV Migration Forum is a cross-industry body focused on supporting the EMV implementation steps required for global and regional payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure EMV chip technology in the United States. The focus of the Forum is to address topics that require some level of industry cooperation and/or coordination to migrate successfully to EMV technology in the United States. For more information on the EMV Migration Forum, please visit http://www.emv- connection.com/emv-migration-forum/. EMV is a trademark owned by EMVCo LLC. Copyright ©2015 EMV Migration Forum and Smart Card Alliance. All rights reserved. The EMV Migration Forum has used best efforts to ensure, but cannot guarantee, that the information described in this document is accurate as of the publication date. The EMV Migration Forum disclaims all warranties as to the accuracy, completeness or adequacy of information in this document. Comments or recommendations for edits or additions to this document should be submitted to: ATM- [email protected]. __________________________________________________________________________________ Page 2 Implementing EMV at the ATM: Requirements and Recommendations for the U.S. ATM Community TABLE OF CONTENTS -
Apple Pay Payment Method Guide
Apple Pay Payment method guide Apple Pay is a mobile payment and digital wallet service by Apple Inc. that lets users make payments in-app or in-store with select Apple devices. • Seamless cross channel solution in-app & in-store • Delivering a frictionless customer experience with Touch ID • 99% authorization rate • Liability shift on fraudulent transactions Fast facts that Apple Pay only works for physical goods and services. In-app Markets United States purchases for digital goods or within iTunes are conducted via In-app and POS United Kingdom US and UK issued card holders reconciliation, reporting and settlement services. anywhere in the world. Markets Australia Canada In-app only Recurring payments Yes Australian and Canadian cards issued anywhere in the world. Refunds Yes Currencies 187 currencies Partial refunds Yes Status New mobile-centric payment method Chargebacks Not for any fraud related reason codes Relevance level Demonstrate innovation Supported devices iPhone 6, iPhone 6 Plus, iPhone 6S, (although cards are being regularly added). As of November 2015, iPhone 6S Plus, Apple Watch-compat- the following cards are supported in each market: ible devices, iPad Air 2, and iPad Mini • US: Visa, MasterCard, American Express, Discover Channels Smartphone, Tablet, POS • UK: Visa, MasterCard, American Express • Australia: American Express Who It’s Relevant For • Canada: American Express Due to its cool factor and frictionless experience, Apple Pay is a Adyen supports all the cards above. www.adyen.com How it works Setup Apple Pay acts as a digital wallet, and stores consumers’ payment Apple Pay will receive these requests. If the issuer approves, the cards securely on the device. -
Orange Money Is Launched in Kenya, Powered by Equity
December 2010 EQUITY NEWS A NEWS PUBLICATION OF EQUITY BANK Your Listening Caring partner www.equitybank.co.ke Issue 01 FEATURED INSIDE Guest of Hon- our Deputy Prime Minister and Minister for Finance Uhuru Kenyatta with Dr. Mwangi named the 2010 Orange CEO African Banker of the Year Pg 3 Mickael Ghos- Revolutionary M-Kesho product sein and Equity launched Pg 3 Bank CEO Dr. Equity Bank Southern Sudan James Mwangi grows Pg 7 at the launch of Equity Bank Uganda recognized Orange Money. as best employer Pg 7 ORANGE MONEY IS LAUNCHED IN KENYA, POWERED BY EQUITY BANK DR. MWANGI November 2010 saw Equity Bank and tele- on recent advancements in the Information the Bank already have a foothold. Dr. Mwangi ADDRESSES GLOBAL communications Service provider Telkom Ke- and Communications Technology. He said the added “Cooperation with like- minded part- SAVINGS FORUM nya launch Orange Money, a versatile product introduction of the product in Kenya was in- ners brings on board value added solutions, that combines the features of mobile money formed by lessons from other countries where and Equity Bank will continue to seek partner- r. Mwangi was one of the pan- transfer and mobile banking. Orange money Orange Money had been introduced, as well ships that will not only focus on innovation, elists at the first ever Global is powered by Equity Bank’s mobile banking as intensive research on the needs and prefer- but will at the end of the day make a difference Savings Forum held in Seattle, platform. Orange money is mapped onto the ences of Kenyans. -
PCI) PIN Transaction Security (PTS) Point of Interaction (POI
Payment Card Industry (PCI) PIN Transaction Security (PTS) Point of Interaction (POI) Modular Security Requirements Version 3.0 April 2010 Document Changes Date Version Description February 2010 3.x RFC version April 2010 3.0 Public release Payment Card Industry PTS POI Security Requirements v3.0 April 2010 Copyright 2010 PCI Security Standards Council LLC Page i Table of Contents Document Changes ..................................................................................................................... i About This Document ............................................................................................................... iv Purpose.....................................................................................................................................iv Scope of the Document.............................................................................................................iv Main Differences from Previous Version................................................................................... v Process Flow for PTS Approval ................................................................................................vi Foreword ................................................................................................................................... vii Evaluation Domains .................................................................................................................vii Device Management ................................................................................................................vii -
Mobile Money Services: “A Bank in Your Pocket” Overview and Opportunities
OBSERVATORY ON MIGRATION OBSERVATOIRE ACP SUR LES MIGRATIONS OBSERVATÓRIO ACP DAS MIGRAÇÕES MOBILE MONEY SERVICES: “A BANK IN YOUR POCKEt” Overview and opportunities Background Note An Initiative of the ACP Secretariat, ACPOBS/2014/BN13 Funded by the European Union Implemented by IOM and with the Financial Support of Switzerland, IOM, the IOM Development Fund and UNFPA International Organization for Migration (IOM) Organisation internationale pour les migrations (OIM) Organização Internacional para as Migrações (OIM) 2014 ACP Observatory on Migration The ACP Observatory on Migration is an initiative of the Secretariat of the African, Caribbean and Pacific (ACP) Group of States, funded by the European Union, implemented by the International Organization for Migration (IOM) in a Consortium with 15 partners and with the financial support of Switzerland, IOM, the IOM Development Fund and UNFPA. Established in 2010, the ACP Observatory is an institution designed to produce data on South-South ACP migration for migrants, civil society and policymakers and enhance research capacities in ACP countries for the improvement of the situation of migrants and the strengthening of the migration–development nexus. The Observatory was established to facilitate the creation of a network of research institutions and experts on migration research. Activities are starting in 12 pilot countries and will be progressively extended to other interested ACP countries. The 12 pilot countries are: Angola, Cameroon, the Democratic Republic of the Congo, Haiti, Kenya, Lesotho, Nigeria, Papua New Guinea, Senegal, Timor-Leste, Trinidad and Tobago and the United Republic of Tanzania. The Observatory has launched research and capacity-building activities on South-South migration and development issues. -
Paypal Refund a Paid Invoice
Paypal Refund A Paid Invoice Barri unsensitized unseasonably? Dottiest Ethelbert bulldog painlessly. Gemmiferous Lance dichotomises, his endometriums merges benefited noway. Once a customer questions other amount paid invoice will be received by your orders for They paid a paypal refund? You caught up an automated suspension tasks is now about fraud problems with you paid a paypal payments in business need these fees would return refunds must have. Instead of evidence showing the transactions from united states, how do not restock the goods being returned the desired refund. Especially if they receive. On a great on a paypal services in part of august and get that! Is paypal asking nicely that the invoice numbers, local sticky jobs that play into why did not refund? When i affected by which i change without using real data transfer money but they need is a small business transactions in a shop sells a responsive design by providing exactly what is. It easier than their bank account from your work? Certainly account and paid in fact is an ssl is as paid a invoice to successfully ditched the buyer in the number of this info about your wild apricot. If we deliver a shipping paid a paypal services and paid instantly consider this block him. Usually accept online payment failed transaction history page your customer, then why claims court date, easily edit or. That dispute in advance to. All our payments account if a representative can choose to customer feel them, anything paid a paypal refund. The refund paypal email about it clear. Enter a simple process, things sellers also see full refund is a chargeback will often, click on their fault your resolution. -
CEE Fintech Atlas 2018 Exclusive Insights Into 19 Fintech Ecosystems in Central and Eastern Europe
CEE Fintech Atlas 2018 Exclusive insights into 19 fintech ecosystems in Central and Eastern Europe Dear readers and interested people of the fintech ecosystem, If you think of European fintech centres, then London, As RBI has always seen itself as a builder of bridges to Berlin and Stockholm are probably the first places that the CEE Region, such activities are part of our company come to mind. And if you look eastwards you might DNA. When the Iron Curtain fell thirty years ago, also consider the Baltic States. But did you know that we played a pioneering role in building a modern there is a very lively fintech scene in Bulgaria or that banking system and transforming planned economies Belarus is making great efforts to take a leading role into market economies. In 2019 we are playing the in the field of cryptocurrencies? And did you know role of bridge builder again by, for example, bringing that the digital penetration rate in the Czech Republic, together Western European fintechs and CEE banks, Slovakia, Poland, Slovenia, Croatia and Russia is close and vice versa. But the market and, hence, this role is to or greater than the rate in global emerging markets very different today. The CEE Region has caught up such as China or Turkey? These and many more enormously over the past three decades and has a nuggets of information can be found in this brand new well-educated, digitally sophisticated population. Our “CEE Fintech Atlas” that we have produced to offer current role is therefore less about development than you a useful overview of the state of fintech ecosystems about helping our clients and partners to overcome across the CEE Region. -
Who Can Benefit from the Banks' Brexit?
February 2017 Issue 540 www.cardsinternational.com WHO CAN BENEFIT FROM THE BANKS’ BREXIT? • ANALYSIS: Contactless UK • MOBILE: BIM • GUEST COMMENTS: PPRO Group & Aprimo • COUNTRY SURVEYS: Bahrain, Lithuania & Portugal CI 540 new.indd 1 03/02/2017 14:11:46 Simple, secure and effortless digital solutions for fi nancial services organisations To fi nd out more please visit: www.intelligentenvironments.com @IntelEnviro Intelligent Environments is an international provider of innovative mobile and online solutions for fi nancial services providers. Our mission is to enable our clients to deliver a simple, secure and effortless digital experience to their own customers. We do this through Interact®, our single software platform, which enables secure customer acquisition, engagement, transactions and servicing across any mobile and online channel and device. Today these are predominantly focused on smartphones, PCs and tablets. However Interact® will support other devices, if and when they become mainstream. We provide a more viable option to internally developed technology, enabling our clients with a fast route to market whilst providing the expertise to manage the complexity of multiple channels, devices and operating systems. Interact® is a continuously evolving technology that ensures our clients keep pace with the fast moving digital landscape. We are immensely proud of our achievements, in relation to our innovation, our thought leadership, our industrywide recognition, our demonstrable product differentiation, the diversity of our client base, and the calibre of our partners. For many years we have been the digital heart of a diverse range of fi nancial services providers including Atom Bank, Generali Wealth Management, HRG, Ikano Retail Finance, Lloyds Banking Group, MotoNovo Finance, Think Money Group and Toyota Financial Services. -
Guidelines for Contactless ATM Transactions – a Guide for ATM Owners and Operators
Guidelines for Contactless ATM Transactions – A Guide for ATM Owners and Operators Version 2.0 Publication Date: July 2019 U.S. Payments Forum ©2019 Page 1 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry body focused on supporting the introduction and implementation of EMV chip and other new and emerging technologies that protect the security of, and enhance opportunities for payment transactions within the United States. The Forum is the only non-profit organization whose membership includes the entire payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on, and have a voice in the future of the U.S. payments industry. Additional information can be found at http://www.uspaymentsforum.org. About the ATM Working Committee The U.S. Payments Forum ATM Working Committee explores the challenges of EMV migration for the U.S. ATM industry, works to identify possible solutions to challenges, and facilitates the sharing of best practices with the various industry constituents, with the goal result being more positive EMV migration experience for consumers. EMV is a trademark owned by EMVCo LLC. Copyright ©2019 U.S. Payments Forum and Secure Technology Alliance. All rights reserved. The U.S. Payments Forum has used best efforts to ensure, but cannot guarantee, that the information described in this document is accurate as of the publication date. The U.S. Payments Forum disclaims all warranties as to the accuracy, completeness or adequacy of information in this document. Comments or recommendations for edits or additions to this document should be submitted to: [email protected]. -
Terms & Conditions for the Issuance and Use of a Debit
TERMS & CONDITIONS FOR THE ISSUANCE AND USE OF A DEBIT CARD Československá obchodná banka, a. s. (hereinafter simply the “Bank”) in accordance with Act No. 492/2009 Coll. on payment services and on the amendment of certain acts, as amended, and in accordance with the Card Association Rules, issues the following Terms & Conditions for the Issuance and Use of a Debit Card (hereinafter simply the "Terms & Conditions"). I. General provisions 1. These Terms & Conditions arrange relations between the Bank and Cardholder that arise upon the issuance and use of Debit Cards. 2. The Bank issues to the Cardholder a Debit Card (hereinafter simply the “Payment Card”) according to the current range in respect of the Account Holder’s current account denominated in euros; and specific types of Payment Cards in respect of an account/accounts denominated in selected foreign currencies (hereinafter simply the “account”), on the basis of an Application for the Issuance and Use of a Debit Card (hereinafter simply the “Application”), and which upon its signing by the Cardholder and the Bank becomes a part of the respective account. The current range of Payment Cards and accompanying Complementary Services is published by the Bank in information materials available at all Bank branches or on the website www.csob.sk. 3. Legal relationships relating to the issuance and use of Payment Cards are governed primarily by Act no. 40/1964 Coll. the Civil Code, as amended (hereinafter simply the “Civil Code”), Act no. 492/2009 Coll. on payment services and on the amendment of certain acts, as amended (hereinafter simply the “Payment Services Act”) and Act no.