Story perspectives

New Tech Boosts Mobile Payments, Fights $40B Fraud

10/18/2025

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Summary

Story summary

UATP, in partnership with UK-based fintech Burbank, will introduce Card-Present over Internet (CPoI®) technology that lets mobile devices function as EMV-compliant POS terminals.
This aims to combat rising payment fraud, which costs merchants over $40 billion annually.
CPoI® can increase authorization rates by 5-10% compared with card-not-present transactions.
Some merchants have concerns about compatibility with digital wallets.
UATP plans to market CPoI® through various channels to attract interested merchants.

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Story summary

UATP, in partnership with UK-based fintech Burbank, will introduce Card-Present over Internet (CPoI®) technology that lets mobile devices function as EMV-compliant POS terminals.
This aims to combat rising payment fraud, which costs merchants over $40 billion annually.
CPoI® can increase authorization rates by 5-10% compared with card-not-present transactions.
Some merchants have concerns about compatibility with digital wallets.
UATP plans to market CPoI® through various channels to attract interested merchants.