5 Must-Reads for This Week: Wearables Hacked, Walmart Pay, Keep the Change

July 15, 2016 CO-OP Financial Services

Are Smartwatches Targets for ATM PIN Hackers?
PYMNTS
Wearables have been a notable trend since the launch of the Apple Watch in April of 2015, but does donning the trendy tech also put the user at risk of getting their ATM PIN hacked? A recent study out of Binghamton University seems to suggest that it does.

 

Walmart Pay Goes Live, Boasts Early Gains
Mobile Payments Today
Walmart Pay transactions were up 45 percent in the last week alone – and since first launched, some 88 percent of the transactions come from repeat users. Based on these numbers, it’s clear Walmart won’t be hurrying to integrate third-party mobile wallets with Walmart Pay, or to activate NFC at the physical point of sale to accept Android Pay, Apple Pay or Samsung Pay.

 

Biometrics Are a Grave Threat to Privacy
The New York Times
Big banks and internet firms pioneering the use of biometrics claim they do not store actual fingerprints or iris scans — only the authentication codes they are converted into. But how comfortable should we be with their assurances?

 

What Costco and EMV Cards Say about Change
Money Magazine
Do Americans really crave change in the payments space? Our experience-shifting migration to EMV chip cards and Costco’s recent move from American Express to Visa suggest that consumers may prefer the good old ways when it’s time to pay.

 

Sowing Loyalty And Reaping Rewards
PYMNTS
Marti Beller – head of MasterCard’s Global Products and Platforms, Loyalty Solutions division – serves up some new insights on the perennial subject of rewards. How do you go beyond simple cash back or points to provide an enhanced experience that wins loyalty?

The post 5 Must-Reads for This Week: Wearables Hacked, Walmart Pay, Keep the Change appeared first on Insight Vault.

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