Analytics

Fidelity Investments is dropping American Express Co. and Bank of America Corp. as partners for its cash-back credit card, capping a year of fierce competition among networks and lenders for deals that bring in customers.

Holiday shopping doesn’t stop after December 25. It goes beyond that as many consumers buy goods post-holiday as well, boosting sales even more.

The holiday shopping season may be over, but that doesn’t mean that consumers will stop using their credit or debit cards in 2016.

If dead men tell no tales, that makes identity theft of deceased account holders all the harder for card issuers to combat, particularly when the perpetrators are bank insiders.

The popularity of data analytics has been building for a few years now, but expect more banks to look for ways to mine their data storehouses in 2016.

Despite increased investment and development in the consumer payments space around mag stripe, EMV and contactless payments solutions, there is still a huge concern when it comes to data theft.

So, here we are, living in the “future”…many of us now finally have chip cards; the G20 nations are all in the post “liability-shift” world; we’re all expecting to be living in the new paradigm.

NACHA's adoption of same-day payment, or ACH (Automated Clearing House) payment - allows businesses and customers to benefit from receiving same-day transaction processing, though with security risk.

The Federal Housing Finance Agency is giving private mortgage insurers some hope this holiday season that they might get a change to offer deeper mortgage insurance on Fannie Mae and Freddie Mac single-family loans.

Bank innovation has tended to focus on retail customers, but expect more technology for commercial customers in the coming year as those clients deman products that are easy to use and help them run more efficient enterprises.

The U.S. migration to EMV chip cards garnered most of the spotlight in 2015, but the October liability shift was just the start.

The Payment Card Industry Security Standards Council has added two years to its deadline for organizations involved in payment processing to upgrade to a more secure Web protocol.

Small to large retail vendors are constantly aspiring to improve customer experience, resulting in more friendly point of sale (POS) interactions.

Wells Fargo in San Francisco said that its chief information officer will retire at the end of March.

E-commerce and mobile fraud detection and prevention provider Kount Inc. has received an $80 million growth equity investment from CVC Capital Partners.

Under the direction of Richard Holbrook, Eastern Bank has prepared itself for the next 200 years by embracing a culture innovation, adding scale through acquisitions and advocating for the less fortunate in its community. It's an unusual formula, but it has worked and that's why he is one of American Banker's three Community Bankers of the Year for 2015.

Many small banks and credit unions today offer convenient, in-house instant card issuance to their customers to stand out from the pack.

The general public is largely uninformed about what EMV is, why it is coming into the US and the benefits of adopting more secure payment technology.

Visa has begun rolling out the Visa Token Service in the Asia Pacific region, starting with United Overseas Bank in Singapore.

Retail executives suffer from a false sense of security regarding how their employees follow procedures to keep payment data safe — especially at this time of year when companies hire seasonal help, yet provide those temporary employees with access to account information.