PADUCAH, Ky., Sept. 11, 2014 — With more payment providers offering comprehensive mobile wallets that allow consumers to store multiple card accounts and conduct transactions via mobile devices, the need for security increases exponentially. To deliver these additional security features, Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end technology solutions that empower financial institutions to remain competitive, compliant and profitable, supports tokenization capabilities for all CSI debit and credit issuers.
Community banks support timely and accurate information sharing to combat cybersecurity threats and protect consumers, ICBA Bancard Chairman Noah Wilcox said at a cybersecurity forum in Washington.
Apple is moving into the payments industry, and it expects to go live next month. The tech giant yesterday introduced ApplePay, which allows users to complete transactions by holding their iPhone to a point-of-sale sensor and pressing the device’s TouchID feature using a Near Field Communication (NFC) chip.