In order to help the U.S. ATM industry with a “balanced and workable” solution to the April 19th 2013 migration date for non-U.S. issued Maestro cards, MasterCard will launch a new Fraud Rule Manager platform.
As a result, Fraud Rule Manager will be automatically implemented all non-EMV ATMS in the U.S. It will block all transaction subject to the liability shift on the 80% of U.S. ATMs that have averaged one or fewer cross-border Maestro transactions per month last year.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.