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John Adams

Recent Stories From this Author

First Data Files for IPO Eight Years After KKR Buyout
July 20, 2015 First Data is looking to sell shares of its stock to address its "indebtedness," the company announced Monday.

Card Thieves Breach Hersheypark with Malware
July 10, 2015 Hershey Entertainment and Resorts' payment systems were infiltrated earlier this year, potentially exposing cardholder data,...

Amex's New E-Wallet Kills a Sacred Cow of Digital Payments
July 9, 2015 The new Amex Express Checkout service bears a passing resemblance to rival products like Visa Checkout, MasterPass and PayPal....

Amex Makes Changes Following Its President's Death
June 24, 2015 To address the impact of American Express President Ed Gilligan's death in May, the card network has changed some executive...

Was Visa's Costco Pact Worth the Sacrifices? Scharf Defends the Deal
May 1, 2015 The Costco cobrand card was a huge win for Visa, but nevertheless the card network's chief executive, Charlie Scharf, found...

Apple Pay Adds Discover, Reaching All Major U.S. Networks
April 27, 2015 Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with...

Costco Divorce Ups the Ante on Amex's Tech Bet
April 17, 2015 American Express' financial performance is already suffering from the pending loss of its Costco card business in U.S.,...

PayPal to Pay $7.7M for Violating National Security Policy
March 27, 2015 PayPal will pay a $7.7 million fine for processing payments from customers that have ties to sanctioned parties on a U.S....

Gmail Bill Pay a Bigger Threat to Banks than Google Wallet
March 26, 2015 Google's attempt to capture the "stickiest" part of many online banking relationships could eventually help put it at the...

U.S. Bank's Payments Chief Pamela Joseph Plans to Retire
February 27, 2015 Pamela Joseph, U.S. Bancorp's vice chair of payment services and a 10-year veteran of the Minneapolis-based bank, plans to...

Amex Bets on Emerging Technology to Weather Costco Loss
February 12, 2015 American Express will certainly suffer when its 16-year cobranding deal with Costco ends in 2016, but its executives will...

Can Apple Pay Reach the Unbanked? A Deeper Look at Western Union's Plan
February 2, 2015 By linking mobile payments with money transfers, Western Union created a new use for Apple's mobile wallet. But it must still...

Western Union's Apple Pay Move Should Light a Fire Under Banks
January 28, 2015 Western Union is adopting a vastly different use of Apple Pay than what banks and merchants have so far considered.

Amex, eBay Cut Thousands of Jobs; Discover Faces Earnings Woes
January 22, 2015 2014 ended roughly for some of the biggest payment companies, and 2015 will bring even more challenges from rapidly changing...

BBVA, USAA, Vikram Pandit Invest in Bitcoin Company Coinbase
January 20, 2015 BBVA and USAA are among a group of participants in a $75 million investment in the Bitcoin wallet provider Coinbase, an...

Why Bankers Should Pay Attention to Wearables
December 28, 2014 Imagine a future where we access accounts or pay for groceries using a bracelet, a wristwatch or even a temporary tattoo....

Visa, MasterCard Suspend Operations in Crimea: Reports
December 26, 2014 Visa and MasterCard halted services in Crimea after a new round of U.S. sanctions, according to multiple reports.

Innovation of the Year: Online Marketplace Lending
December 17, 2014 Once known as peer-to-peer, online marketplace lending grew phenomenally and evolved rapidly in 2014, as capital flooded in...

MasterCard Bets on a Better Future for Interactive Payment Cards
December 9, 2014 MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment...

MasterCard CEO: Apple Pay Won't Hurt MasterPass
October 30, 2014 Apple Pay scooped up one million payment cards in its first 72 hours, 60% of which were Visa cards, but MasterCard's chief...