In order to allow users to make transactions in real time, the social network X signed an alliance with the credit card issuing company Visa for the launch of its own payment platform XMoney.

The CEO of the social network, Linda Yaccarino XMoney, said that the XMoney platform “works like a digital wallet and allows real-time transactions between individuals.”

Yaccarino added that Visa is its “first partner for the @XMoney account, which will launch later this year” and detailed that users will have the opportunity to “transfer money from their bank account to the XMoney digital wallet and connect their debit card to make real-time peer-to-peer payments (working like Venmo or, in Spain, Bizum) through Visa Direct, a company service for making instant transactions.”

Likewise, the platform’s customers will be able to deposit funds from their digital wallet to their bank account.

With this negotiation, the social network owned by Elon Musk advances in its purpose of offering users solutions to make payments and store funds without external intermediaries.

M.Pino

Source: contrapunto

(Reference image: BoliviaInteligente on Unsplash)

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La entrada Social network X to launch payment platform in partnership with Visa apareció primero en Bitfinance.

In the fight against fraud in online credit card purchases, Mastercard announced a new measure that consists of eliminating the use of card numbers in the transaction.

As an extension to the implementation of tokens ten years ago, the credit card issuing company now takes another step towards controlling electronic fraud.

The company would be working on how to replace traditional security measures, such as passwords, with biometric data such as fingerprint or facial scanning.

The company has highlighted the importance of protecting the security of online credit card payments, as they estimate that this type of crime could exceed US$91 billion in 2028.

Hacker attacks are becoming more sophisticated and targeting websites with one-time password systems, as is the case in India. According to Mastercard, “these passwords, which retailers and banks send to consumers to authenticate their identity, are increasingly vulnerable to scammers.”

Hence, the credit card issuer has thought about a partnership with banking entities and payment service providers globally with the aim of replacing these “one-time passwords with a token based on the biometric information of the users.” consumers.” The service was launched last week in India, through a partnership with PayU and banks such as Axis Bank Ltd.

Tokenization will be used to attack the problem that “if the data was exposed and someone accessed it, they could use it.”

Mastercard aims to tokenize all e-commerce transactions in Europe by the end of the decade.

M.Pino

Source: finanzasdigital

(Reference image source: Nathana Rebouças in Unsplash)

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La entrada Mastercard will combat online fraud when paying by credit card apareció primero en Bitfinance.

Bancamiga increased the limit of its credit cards, which will allow its clients to have greater liquidity to spend and invest.

The President of the Board of Directors of Bancamiga, Carmelo De Grazia, said that Bancamiga, always attentive to the requirements and needs of Venezuelans, decided to expand from now on the limits of its Visa and Mastercard credit cards, which will allow “our clients have more resources for themselves and their families.”

The increase in limits varies depending on the credit history of each client, said Ariel José Martínez, Executive President of the Bank, who assured that the increase is part of Bancamiga’s strategies to promote the well-being of its clients.

Bancamiga had previously raised the limits of its cards in the month of December, allowing many Venezuelans to make purchases to celebrate Christmas and the New Year.

To know the new limits, clients must enter Bancamiga en Línea through www.bancamiga.com and through the Bancamiga Suite application.

How to apply for your Bancamiga credit card?

Customers interested in applying for the credit cards offered by Bancamiga must go directly to any of its 47 agencies in the country, with the following completed application:

https://www.bancamiga.com/wp-content/uploads/2023/02/FO.AC_.053.V7.0422-Solicitud-TDC-Aumento-de-limite-TDC.pdf

Once the collections have been delivered, Bancamiga will carry out the financial evaluation.

With information and image from Bancamiga Banco Universal

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La entrada Bancamiga increased the limit of its credit cards apareció primero en Bitfinance.

In a recent legislative proposal, South Korea’s Financial Services Commission (FSC) proposed changes to the country’s credit financing laws, with the aim of prohibiting local citizens from purchasing cryptocurrencies through credit cards.

The FSC expressed concern about possible illegal flows and money laundering activities that could arise if South Korean citizens conducted cryptocurrency transactions on foreign exchanges.

“There have been concerns about the illegal outflow of domestic funds abroad due to card payments on virtual asset exchanges abroad, money laundering, speculation and the encouragement of speculative activities,” the FSC said in a legislative communication dated January 3.

Currently, local laws allow cryptocurrency transactions only through deposit and withdrawal accounts on local exchanges, where the identity of the user can be verified. However, these regulations do not apply to foreign cryptoexchanges, according to local media Yonhap.

The financial regulator is seeking public opinion on this proposal, and the feedback period will run until 13 February. The proposal is expected to go through a review and resolution process, with the goal of coming into force in the first half of 2024.

K. Tovar

Source: Cointelegraph

(Reference image source: Traxer, Unsplash)

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La entrada South Korea will seek to block crypto purchases with cards apareció primero en Bitfinance.

Mastercard Inc beat quarterly profit estimates as travel demand held firm in the face of a turbulent economy, and bet on consumer spending resiliency throughout the year.

Rising interest rates and persistent inflation have had little impact on wealthier consumers, who continue to spend on travel and leisure, boosting transaction volumes from payment processors.

“Consumer spending has remained remarkably resilient despite continued economic uncertainty”, Michael Miebach, the company’s chief executive, said in a meeting with analysts.

Suppressed consumer demand also helped Mastercard, driving a 35 % increase in cross-border volumes, an indicator of travel demand that tracks spending on cards beyond the country of issuance.

“Cross-border recovery trends remain constructive, and international volume growth is strong,” KBW analysts note in a note.

Gross dollar volume, which represents the total dollar value of all transactions processed, increased 15 % in local currency to $ 2.1 trillion.

The results capped off a mixed quarter for the largest US card companies, in which concerns persisted about an imminent recession and inflation that has been at its highest for decades.

K. Tovar

Source: Descifrado

(Reference image source: file)

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La entrada Mastercard beat quarterly profit estimates apareció primero en Bitfinance.

As of this Tuesday, August 2, Bancamiga opened its Viva Supercentro Associated Box Office, which will bring consumers closer to a different, disruptive bank, which with its financial innovations promotes greater banking penetration and speeds up the pace of commercial activity, points out an informative document circulated through the institution.

For the executive president of Bancamiga Banco Universal, Ariel José Martínez Coujil, the space will offer people the ease of making purchases and learning about the bank’s products and services.

Bancamiga‘s second Associated Box Office is located on the first floor of this hypermarket, located on the main avenue of Boleíta and Francisco de Miranda, in the La California urbanization.

This is a concept that is aligned with a trend of business that is booming in the world, and that allows people to optimize or optimize their time, by having the possibility of carrying out different activities, including banking, in a single space, comfortable and safe.

All services in one place

In this Associated Box Office, visitors will have close attention from the staff, who will guide them on how to open accounts in bolivars and in foreign currency or acquire any of the debit or credit cards. They will also be able to obtain information on how to participate in the Exchange Desk, receive currency from anywhere in the world immediately through Apóyame, and on the MasterCard Debit card with contactless technology.

With this new office, Bancamiga reaffirms its solid and planned growth of the last two years, which has led it to open 10 agencies: La Rinconada, Porlamar, Acarigua, Guanare and Maracaibo in 2021, and El Tigre, Barquisimeto Este, Puerto Cabello, Coro and Ciudad Ojeda in 2022. This year they have also been joined by the Associated Box Offices of Centro Lido, integrated into the Café Work Center, and now that of Viva Supercentro, concludes the statement.

With information from Bancamiga

La entrada Bancamiga inaugurated Associated Box Office in Viva Supercentro apareció primero en Bitfinance.

The Taiwan Financial Regulator would have issued a letter stating that it will soon seek to limit purchases of cryptocurrencies with credit cards.

The instruction establishes that both banks and companies may not use this payment method as a tool for the acquisition of digital assets.

In the letter, the Financial Supervisory Commission (FSC) reportedly warned of the risks associated with virtual assets and is giving credit card companies three months to comply with the new requirements.

It should be remembered that in June, Taiwan introduced a series of anti-money laundering regulations aimed at cryptocurrency exchanges.

K. Tovar

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Source: Diariobitcoin

La entrada Taiwan will seek to restrict the use of TDC to acquire cryptocurrencies apareció primero en Bitfinance.

Summer arrived with phishing campaigns, which have shot at the cost of tourism with content related to vacation trips that flooded the entrance trays of their potential victims since last March.

Campaigns use summer as bait and take advantage of people’s greatest interest in finding a trip for their vacations, as Bitdefender experts indicated, adding that April is the month with the greatest number of fraudulent activity related to tourism, tourism, when an increase of 25 % was detected.

These data, which are collected in the report prepared by the Antispam Lab, anticipate that in June another peak will be experienced again, and even point out that travel -related campaigns have focused especially on the United States, Ireland, India and the United Kingdom.

These campaigns are supported by several techniques used by cybercounts to deceive their potential victims and get their credit card numbers and other personal data, or to get malware to install in their computers visiting malicious websites or by clicking on surveys or competitions that promise, in return, substantial awards.

K. Tovar

Click the link to subscribe to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: El Diario Cantabria

La entrada Phishing takes advantage of the summer tourist wave apareció primero en Bitfinance.

Through a statement, the banking and financial institution reported that, always thinking of customers and to get even closer to consumers, Bancamiga increased the limit of its Credit Cards, its National Debit Card and through Pago Móvil.

“To find out the new credit card limit, you just have to enter Bancamiga online or Bancamiga Suite, go to the Global Position and select your Card”.

In the case of the National Debit Card, the natural or legal person customer can use it for up to Bs 5,000 at any point of sale. It is a way to pay in bolivars and without complications, explains Bancamiga Banco Universal.

Likewise, Bancamiga also raised the limits through Pago Móvil, so now P2P, C2P and P2C interbank operations can be carried out for up to Bs 4,000. This is a way to send and receive payments instantly 24 hours a day, 365 days a year from Bancamiga online or Bancamiga Suite.

Bancamiga among the top five in the private banking ranking

All these Bancamiga initiatives are carried out to respond to the needs of its clients and have made the institution a reference in the national financial system, to the point of placing it among the top five in the country’s private banking ranking.

Along the same lines of thinking about consumers, in recent weeks it added the possibility of canceling the Cantv bill, through Bancamiga online, Bancamiga Suite and at Bancamiga points of sale. With the inclusion of the state telephone company, the possibilities for citizens who could already recharge Digitel, Movistar, Movilnet, Inter and Simple TV were expanded, the document refers.

For more information, you can contact them through their networks on Telegram, Twitter, Facebook, Instagram, WhatsApp and YouTube or call their service center: 0500 TUBANCA (8822622).

With information from Bancamiga

La entrada Bancamiga raised the limits of its cards and Pago Móvil apareció primero en Bitfinance.

Online commerce sales in Argentina registered a year-on-year increase of 18 %, reporting an increase in turnover equivalent to 77 % during the first quarter of 2022, compared to the same period in 2021. The average number of products purchased was four items per completed cart.

This was revealed by a study carried out by Tiendanibe, which also indicates that the five main products demanded in the first three months of the year correspond to the following categories:

• Clothing: masks, sweaters and shoes 33 %
• Food and drinks: vegetables, fish and soft drinks 13 %
• Health and beauty: personal care products and makeup 11 %
• Bookstore, art and education: school supplies 10 %
• Decoration and home: organizers and linen with 9 %

The areas of health and beauty and Bookstore, art and education reported an increase of 3 and 4 points respectively of growth compared to the same period of last year.

Credit cards, payment system in online commerce

The study carried out by Tiendanube in Argentina also refers to the payment system used by customers during this first quarter of the year. The report reveals that “52 % of buyers used credit cards to pay for their purchases this quarter, an indicator that grew 4 points compared to last year.”

For its part, the use of debit cards reported a reduction equivalent to half in reference to the first three months of 2021, with just 5 % of the total, while bank transfers were used in 43 % of cases.

Regarding the devices used to execute the purchase during this quarter, it can be seen that mobile devices registered 66 %, rising 7 points compared to 2021, while computers registered 34 %.

Personalized home delivery remains the best option to pick up purchased products, while only 37 % of buyers chose a face-to-face point of sale.

M. Rodríguez

Source: emprendedoresnews.com

La entrada Turnover of Argentine online businesses rose by 77 % apareció primero en Bitfinance.