Opinions

The potential for more convergence between financial products and physical products raises a whole host of data and privacy issues that banks must deal with proactively.

Many people in the payments industry believe stolen payment card industry data will diminish in its black market value as EMV approaches ubiquity across U.S. retailers. That's not the case.

Unless banks devote the same amount of investment as standalone incubators, the innovation labs launched by financial institutions will be a short-term fad.

The payments landscape was on the rise in in the past year with the launch and adoption of several new virtual wallets.

To plan for the inevitable, issuers need to consider three essential risk-management strategies including a business continuity and disaster recovery plan, a diversified partner strategy, and continued education for EMV cardholders and merchants.

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.

A service that used to be a no-brainer for banks is now hampered by limited revenue and a hard-to-justify cost structure.

Money-laundering episodes included a purported Whitey Bulger associate looting a church's coffers and the arrest of a Houston socialite on gambling-related charges.

Millennials may have initially been the primary target for digital banking services, but we must bust the myth that they're the only ones craving innovation.

International money transfers have not enjoyed the improvements in transparency and cost that are benefiting other products. That must change to move the remittance market forward.