Banks could soon verify credit card transactions with location-tracking smartphone apps

Both Visa and FICO are developing solutions that rely on data from smartphones to help determine if a card not present transaction is too risky for a bank to

Sourced through Scoop.it from: www.itbusiness.ca

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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