More Than 5000 Wells Fargo ATMs now offer cardless withdrawals
Wells Fargo & Company announced that debit card customers have another way to use the company’s ATMs without their card — “tap and pay” near-field communication (NFC) functionality that is launching at more than 5,000 ATMs across the country.
The feature is activated using a mobile phone’s mobile wallet feature. More than 40% of Wells Fargo ATMs have functioning NFC capability, with the goal of upgrading the rest of the company’s more than 13,000 ATMs with the hardware by 2019. Customers can already access any Wells Fargo ATM without a physical card by generating a one-time access code through their Wells Fargo Mobile Banking app. With the launch of one-time access code in March 2017, Wells Fargo became the first large bank in the US with an entire fleet of card-free ATMs.
Mastercard veteran Gary Flood leaves
Mastercard announced that Gary Flood, President of Global Products and Solutions, will depart the company at the end of 2017.
Flood joined Mastercard in 1986 in the sales organization, was an architect of the product, services and digital solutions offerings and has championed the transformation to a technology-focused company.
“Not many have made the impact on an organization that Gary has made at Mastercard,” said Ajay Banga, President and CEO, Mastercard. “More than his keen customer focus or agile view on marketplace dynamics, Gary has infused Mastercard with a devotion to teams and his passion for advancing the company with a strict sense of values and unwavering integrity.”
Cayan gets P2PE 2.0 certification
As threats of cybersecurity breaches and hacks continue to increase, retailers must arm themselves with technology that protects their customer data.
Today, payments technology company Cayan announced its flagship Genius Countertop payments solution is now validated by the PCI Security Standards Council as a certified point-to-point encryption solution. Dubbed Genius Smart P2PE, this certification delivers the highest level of security for merchants while also simplifying PCI-DSS compliance efforts and reducing costs.
“With fraudulent activity on the rise globally, merchants must take data security precautions to ensure the delicate chain of trust they have with their customers remains intact,” said Jordan McKee, principal analyst at 451 Research. “Cayan has recognized the criticality of strong data security for its clients and partners by achieving the distinction of PCI P2PE validation for its Genius solution. PCI certification represents adherence to stringent security protocols and stands out as the most widely-trusted accreditation that a payment solution can attain.”
Trading Technologies buys AI regtech outfit Neurensic
Trading Technologies International, a global provider of high-performance professional trading software, announced it has acquired Neurensic, LLC, an artificial intelligence (AI) regtech solution for trading, compliance, surveillance and banking. The terms of the transaction are not disclosed.
Founded in 2015, Neurensic has become the industry’s leading AI platform for identifying complex patterns of trading behavior at a vast scale, across multiple markets in near real time. The platform combines high-speed, big data processing power with machine learning technology, providing firms with a continuous assessment of the compliance risk associated with complex trading behaviors.
Rick Lane, CEO of Trading Technologies, commented, “We are pleased to acquire the Neurensic team and technology as it will help to further establish TT as the platform of choice for the buy and sell sides as they transition into today’s world of complex information systems and trade analysis. The ability to provide literal push-button access to advanced machine learning surveillance capabilities, with zero infrastructure investment and zero integration cost, will allow our partners to further benefit from the value of our platform and network.”