Analytics

The EMV deadline has come and gone, and customers and retailers alike are realizing that they need to understand and adapt to the new payment reality both online and offline.

If Visa and MasterCard seem to be shining an extremely bright spotlight on their tokenization efforts, it's because they view it as vital to their survival.

With the highly anticipated EMV liability shift now in effect in the U.S., merchants have been adopting point-of-sale terminals that can accept chip-based cards.

October saw the three main card networks invest in bitcoin-related companies, which comes on the heels of major banks exploring the use of bitcoin and blockchain technology to solve some industry pain points.

MasterCard is talking to Merchant Customer Exchange executives about what role the card brand could play in the retailers' CurrentC mobile wallet, but the card brand insists it is just an interested observer in the merchant mobile wallet venture.

With more smartphones coming equipped with technology that can read each user's fingerprint, it might be time to expand this idea and check the fingerprints of the device itself — particularly as mobile and e-commerce see more fraud as a consequence of EMV tightening up security at the point of sale.

American Express Co., bracing for a decline in profit after the loss of a key retail partner, made a series of organizational changes including combining U.S. and international units and said that consumer product head Josh Silverman is leaving the firm.

The Senate approved a key cybersecurity bill Tuesday after several days of debate on the chamber floor — and several years of lobbying by business groups, including bankers.

Consumers still aren't eager to make payments from their phones, despite the immense security boost mobile wallets provide through encryption, tokenization, dynamic account data and biometrics. So MasterCard is taking these technologies and hiding them in other products.

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.