Get the latest announcements from MEF Members across the mobile ecosystem globally in this weekly review of member news…
JT Mobile Intelligence defending against impersonation fraud
JT Group Limited has expanded their suite of Mobile Intelligence services with the launch of Scam Signal which allows businesses to protect their customers from impersonation scams, particularly Authorised Pushed Payment (APP) fraud.
The service has been developed with Vodafone Carrier Services and global analytics software provider FICO with JT being the first channel partner to integrate Scam Signal into their mobile intelligence solutions.
JT continues to take a market-leading position in Mobile Intelligence, which uses mobile systems and networks to learn, analyse and resolve user queries with intelligent data. Scam Signal provides a framework of computer rules that app developers and businesses can use to tackle online fraud and protect the digital identities of their customers, enabling financial institutions to swiftly identify and thwart fraudulent bank transfers as they occur in real-time.
Peter Stok, Global Head of Mobile Intelligence Strategy, JT Group said: ‘The technology represents a significant breakthrough in the fight against fraud and is directly meeting customer’s needs, helping financial institutions to protect consumers by tackling fraud at its source. It’s an essential part of JT’s Mobile Intelligence solutions, providing streamlined identity verification, discreet authentication, and instant fraud protection. ‘Customers are increasingly demanding that their information is safeguarded and to have top-level security that keep pace with the sophistication of fraudsters. Together with our strategic partners we’re addressing a critical need, responding to a more than 20% increase in fraud last year alone.’
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Full authorisation from the Reserve Bank of India to operate as a Payment Aggregator in India
Boku, Inc. (AIM: BOKU), a leading global provider of mobile payment solutions, is pleased to announce that its Indian entity, Boku Network Services IN Pvt. Ltd. (“Boku IN”), has received full authorisation from the Reserve Bank of India (“RBI”) to operate as a Payment Aggregator. This follows Boku IN’s in-principle authorisation as a PA-PG announced on 31 January 2023.
Merchants and consumers alike are switching to local payment methods around the world, which are faster, cheaper and more secure than payment card options. This authorisation in India will permit Boku to operate as a direct payment aggregator for the local payment method Unified Payments Interface (“UPI”).
Stuart Neal, Boku’s CEO, commented: “This is an exciting time for Boku. To be one of the limited number of companies to be authorised by the RBI as a Payment Aggregator is a real privilege and a testament to the hard work put in by our team in India to meet the RBI’s stringent requirements. Out of all the payment licenses Boku holds following its continued investment in expansion, this is among the most important. My sincere congratulations to the Boku India team on this important milestone.”
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Introducing “Park&Pay SMS”: easy parking for everyone, free until June 2nd 2024
APS Holding launches a new initiative to give citizens and tourists of Padua maximum ease of use and payment of parking on blue lines, in collaboration with Digital Virgo, leader in Italy of Mobile Ticketing solutions and partner of APS since 2015 with its DV TICKETING solution.
Introducing “Park&Pay SMS”, the fastest way to pay for parking, by sending an SMS with the parking stall number to the APS short number (4850302), now even easier via the aps.ticketingpass.it web app. Park&Pay SMS is the digital substitute for coins, which you already have in your pocket with your smartphone. The means of paying is easy and immediately available to everyone.
There is no need to register, download apps from stores or insert your credit card details. All you need is a TIM, Vodafone or WINDTRE Sim. Soon, the service will be made available to other Italian telephone
operators.
The Common Language of Telecom Helps Rural Service Providers Close the Digital Divide
BRIDGEWATER, N.J. – April 11, 2024 – Roughly 42 million rural Americans are stuck in the digital divide, where they can’t access telehealth, online education, e-commerce, remote work, streaming entertainment and other services available to people in suburbs and cities. Although government funding and private investment is available to help fund rural broadband buildouts, a host of business and technological challenges continue to undermine service provider initiatives to close the digital divide.
“When it comes to closing the rural digital divide, there’s a will, and now there’s a way,” said Peter Ford, Executive Vice President, iconectiv. “Common Language gives rural service providers the authoritative data they need to pinpoint exactly where broadband network coverage is unavailable and the location and capabilities of infrastructure to help close those gaps. Those insights are critical for quickly and cost effectively expanding affordable, high-quality service to homes, businesses, schools and health care providers throughout rural America.”
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Banking-as-a-Service Platform Revenue to Reach $94 Billion Globally by 2028, as API Deployment Unlocks Fintech Innovation
Hampshire, UK – 22nd April 2024: A new study from Juniper Research, the foremost experts in fintech markets, forecasts that global BaaS (Banking-as-a-Service) platform revenue generated from account/card issuing and transaction fees will grow by 158% to 2028; up from $36.4 billion this year.
This expansion primarily comes from API deployment across eCommerce and freelance platforms, by connecting consumers to innovative financial tools, and so unlocking additional revenue streams for BaaS providers.
BaaS platforms can cater to the financial needs of gig workers and freelancers offering specialised banking products such as short-term loans, or income-soothing solutions tailored to users with irregular income streams. What separates this from accessing traditional loans is that workers loan directly from the platform, or they can access their accrued wages early.
Research author Daniel Bedford commented: “Financial inclusion is driven by accessibility, and BaaS helps serve specific industries or demographics overlooked by traditional banks’ all‑encompassing approach. This allows businesses to stand out and focus on being inclusive to their specific audience; driving growth.”
Proofpoint is Recognised as a 2024 Gartner® Peer Insights™ Customers’ Choice for Data Loss Prevention
SUNNYVALE, Calif., April 11, 2024 –Proofpoint, Inc., a leading cybersecurity and compliance company, today announced its recent recognition in the 2024 Gartner® Peer Insights™ Voice of the Customer for Data Loss Prevention. Proofpoint was one of six vendors evaluated in the report and is the only vendor placed in the upper right “Customers’ Choice” Quadrant.
Vendors placed in the upper-right quadrant of the “Voice of the Customer” quadrants are recognised with the Gartner Peer Insights Customers’ Choice distinction, denoted with a Customers’ Choice badge. The recognised vendors meet or exceed both the market average Overall Experience and the market average User Interest and Adoption.
“Proofpoint is a customer-first organisation, so this Customers’ Choice distinction is for us an acknowledgment that they trust us as their preferred human-centric security partner to defend their data against careless, malicious and compromised users,” said Tim Choi, group vice president, product marketing, Proofpoint. “The reviews and ratings about Proofpoint Enterprise Data Loss Prevention (DLP) on Gartner® Peer Insights™ reinforce our market leadership and provide us with valuable feedback as we continue to transform the DLP space.”
