Opinions

Card-not-present merchants are battling increasingly frequent friendly fraud. That type of fraud–the “I don’t recognize” or “I didn’t do it” dispute–occurs when a cardholder makes a purchase, receives the goods or services and initiates a chargeback on the order claiming he or she did not authorize the transaction.

Ever since Google announced the availability of Host Card Emulation (HCE) in the last version of Android, the discussion in the world of mobile payments has taken a very interesting turn.

For some time now, I’ve been using the mobile alerting capabilities offered by my bank and card issuers. The reassurance from knowing that I’ll be notified via text message of typical and not-so-typical transactions puts my mind at ease and gives me a sense of playing a part in the fraud prevention game.

Between record low net interest margins on credit card portfolios, continued downward pressure on debit card interchange rates, industrial-grade fraudsters, and anemic consumer spending, the ability for banks to profit from their payments businesses has never been more challenging.

Social media won't drive profits until banks figure out how to direct traffic to their blog and provide the kind of emotional content that people like to share, writes John Siracusa.

All of us who work in the technology sector can play a part in helping to figure out how to deliver economic services to nearly half of the world’s population, many of whom live without access to basic financial services such as a savings account.

To understand the future of credit-based transactions, credit unions need only look to the staples of American culture: coffee and donuts.

The Heartbleed bug alerted banks to their own vulnerabilities and made them realize that they have heightened responsibilities toward customers when it comes to communicating security concerns, according to Joram Borenstein of NICE Actimize.

The EMV liability shift is a little over a year away, yet many merchants are unprepared for chip card acceptance. Recent data breaches have increased consumer awareness of card security issues.

Recently we have seen both Argentina and Ukraine fall into two very different types of crises, but the economic results appear to be the same.