Diebold Nixdorf is teaming up with MasterCard to pilot test two cash provision services — MasterCard Cash Pick-Up and Cardless ATM powered by MasterCard.

An RSA Security report for Q1 of 2018 has revealed that 39% of all fraudulent transactions during the quarter were carried out on mobile apps.

The report analyses consumer fraud data for the first quarter of 2018 stating that fraudulent transactions originating from a mobile app rose by 600% since 2015. The use of mobile apps to carry out fraudulent transactions has become so commonplace that the use of traditional web browsers for fraudulent transactions has gone down from 62% in 2015 to just 35% in 2018.

In addition, 82% of all fraudulent transactions using mobile apps were carried out using burner phones so that investigators could not identify such fraudsters.

In its report, RSA Security also revealed that online fraudsters are increasingly migrating to social media to communicate, trade information, advertise their services, and even create virtual storefronts to sell stolen data. The released figures indicate that social media is slowly but steadily replacing the dark web as the top marketplace for hackers.

– thepaypers.com –

Chinese banks posted robust growth in mobile payments in the first quarter of this year, according to the People’s Bank of China (PBOC).

Banking institutions handled 70.8 trillion yuan (11.1 trillion U.S. dollars) in mobile payments in the period, up 16.8 percent year on year, the central bank data showed.

Around 10.7 billion payments were made through the banks’ mobile services in the first quarter, an increase of 17.8 percent year on year, the PBOC said.

China’s mobile payment sector has seen rapid development, driven by improved Internet infrastructure, increased use of mobile phones and innovation of financial services.

In the first quarter, bank card transactions in China rose 12.6 percent from a year earlier to 220.8 trillion yuan, while the number of bank cards in use went up 4.8 percent to 7 billion by the end of March, according to the PBOC.

– Xinhua –

PayPal and Google are extending their relationship across the search giant’s entire ecosystem, including Gmail, YouTube, Google Pay and Google Store.

The deeper integration between the two companies will enable users to adopt PayPal as a an embedded payments option across all Google products and services, including for P2P transfers.

It follows an earlier partnership between PayPal and Android Pay and builds on the wider ties that PayPal has been building with leading payment networks, financial institutions and technology companies.

Now, when a user adds PayPal to their Google Play account, it will automatically enable their linked PayPal account and make it available as a payment option across popular Google services “with only minimal setup”.

– Finextra –

EMVCo, the global technical body that manages EMV specifications, has introduced a QR payment trademark designed to promote the global interoperability and use of EMV QR code payments.