Analytics

MasterCard's Craig Vosburg is trying to improve the quality of life in cities around the world.

As mobility has become embedded in the world’s cultures, issuers are feeling the heat to create their own mobile apps, but in an era of non-top data breaches and increasing identity theft, security fears abound.

When Netflix announced that its new U.S. subscriber count had declined 10.2% year-over-year, it blamed the "ongoing transition to chip-based credit and debit cards." And the video-streaming company may not be the only victim of this phenomenon.

Visa hopes to cut through the chaos that surrounds security threats by creating an intelligence service to distill and deliver information on vulnerabilities and potential attacks.

The EMV standards will change card security. But what may have more impact on the bottom line is churn.

FIDO, the payments security consortium dedicated to improving authentication, has added American Express to the alliance and to its board of directors, with existing members Infineon and VASCO also joining the board.

Payment technology that comes with the EMV stamp of approval already in place may get a boost as a result of the bottleneck newer systems face in getting certified.

The Federal Bureau of Investigation has walked back a Public Service Announcement that urged consumers and merchants to use a PIN for EMV-chip card transactions. The new statement, posted Oct. 13 on the Internet Crime Complaint Center, clarified the use of EMV security.

Merchants that sell digital goods each spend an average of $10.1 million a year on fraud-related costs — and many expect fraud and chargeback costs to rise in the coming months in the wake of the EMV chip card migration at the point of sale.

Adoption of mobile payments has been slow, and it's not clear why. Some have suggested the problem is a lack of understanding among consumers. Others have questioned whether mobile payments really address a consumer pain point.