Mobile payments have been on the upwards trend over the past few years but have become significantly more important today during the global pandemic. With mobile payments, you avoid worrying about how sanitary the cash is in the register, and it’s more convenient to pay...
Mobeewave Inc. a Canadian-based startup has been recently acquired by Apple. According to Bloomberg, the California tech-giant paid roughly $100 million USD for the company. What does Mobeewave do? Mobeewave developed technology that allows merchants to use their iPhones as mobile payment terminals. The technology allows you to...
Dave, the personal finance app and challenger bank, announced a security breach this Saturday. Dave is a unicorn tech company leading as a US challenger bank that offers free overdraft cash, budgeting, credit building and more. Approximately 7.5 million Dave users had their information exposed on a...
Last week, Amazon made plans to introduce terminals that will allow consumers to make payments by waving the palms of their hands. These terminals would be placed in brick in brick and mortar shops and would be enabled to link consumers’ credit card information to...
Yesterday, a week after Equifax reached a whopping $650 million dollar settlement from their 2017 breach, Capital One disclosed in a press release that it suffered a massive data breach exposing the personal information of about 100 million Americans and 6 million Canadians. Again, another huge...
Between lots of new technology, evolving regulations, and emerging threats to data security, 2017 is gearing up to be an exciting year in the payments space. Here are Kubera’s Payment's stories to watch for 2017. Tech Breakthroughs Some of the most exciting payments stories to watch in 2017...
As November draws to a close, 2016 is officially almost over. This also marks just over a year since the EMV liability shift for US merchants occurred in October 2015. So how are US merchants doing when it comes to chip-and-pin adoption? Wait, what is EMV...
The American Democratic National Convention kicked off this week amidst the release of 20,000 of their emails by Wikileaks. In addition to adding fuel to allegations that the DNC had unfairly worked against runner-up candidate Bernie Sanders, thousands of social insurance, passport numbers, and credit card...
Globally, the majority of other countries have already migrated to EMV Chip and Pin technology. This made the US an easy target for credit card fraud activity. The EMV liability shift is helping address credit card fraud security vulnerabilities related to the poor payment processing...
Hyatt Hotels, the chain that owns over 600 properties around the world recently found malware on their payment processing systems. They are the latest hotel chain to be breached in the past few months. Last month both Starwood and rival hotel chain the Hilton announced...