ebakker

Email: ebakker@corporateinsight.com

Author's Posts

Apple Pay’s Secure Element: Where it Succeeds and Fails

November 13, 2014 by
An underemphasized feature of Apple’s contactless payments service, Apple Pay, is its remarkable Secure Element hardware. The much more discussed security feature, Touch ID, utilizes biometric technology that registers and responds to a single iPhone user’s fingerprint in order to authorize a transaction. Even more importantly, however, Apple Pay also communicates with a Secure Element chip installed in iPhone 6 devices that acts to safeguard a user’s financial information against fraud and data breaches.

Low-Cost, Easy Access Checking Account GoBank Now Offered Exclusively Through Walmart

October 14, 2014 by
n partnership with the prepaid card firm Green Dot Corporation, Walmart is now offering a low-cost checking account exclusively through its stores beginning in late October. The checking account product – GoBank – was launched in January 2013[1] (and was discussed in a September 2013 Corporate Insight slidedeck); however, it is now only accessible through Walmart stores.

Whitepaper: Online Shopping Carts – The Next Security Battleground

June 19, 2014 by
The Target data breach and the Heartbleed bug intensified the focus on the vulnerability of personal credit card data in both the physical and digital realms. As a natural consequence, consumers have become increasingly concerned about giving their card data to physical and online merchants. EMV chips for physical cards served as the solution to […]

CI First Look: Wells Fargo Digital Rewards

March 24, 2014 by
The vast majority of credit card firms have integrated redemption or cash back programs into their rewards-eligible credit card products, allowing customers to either accrue points from purchases and redeem them or receive cash back as a statement credit or deposit. Currently, many credit card rewards sites have outsourced electronics merchandise to brick-and-mortar stores such as Best Buy or e-commerce companies like Amazon. In January, Wells Fargo bucked this trend by introducing a Digital Rewards points redemption section on their Rewards site where customers can download digital products like songs, movies, videogames and eBooks directly onto their computers. This allows card holders to forgo driving to the store or registering for a third party account, saving time and unnecessary hassle.