Opinions

A recent court ruling affirms that customers can be held responsible in cases of wire transfer fraud. But banks aren’t off the hook.

Is misogynistic behavior keeping women out of the Bitcoin community?

Hundreds of thousands of people are in Brazil for the World Cup football tournament. While Brazil poses risks for payment crime, there are things payment companies and issuers can do to help their customers mitigate danger, such as communicating preventative measures.

Under-35 consumers find more value in retailers’ loyalty programs than they do deposit accounts, and it’s up to banks to figure out how to capitalize on that transaction-first mindset.

Fast-forward into our ideal mobile payment future. Standardized contactless terminals stand on every checkout counter, ready to transact securely with any device. However, once mobile wallets cross the adoption hurdle, they can’t be content to rest. There are essential steps the technology will have to take to ensure its hard-won users don’t rethink the decision to go mobile.

Some of you might be thinking, “Why is the PCI Security Standards Council so focused on the basics, like password security, with all these ‘advanced attacks’ going on right now?”

While banks struggle to get consumers to use Near Field Communication-enabled phones for mobile payments, the video game industry is having blockbuster success with NFC technology.

Before banks launch new payment products and services, they should think carefully about their customer demographics, security and regulatory risks and data monetization.

Imagine that one day people from your country’s rural areas start paying with their mobiles. Would it be strange? Definitely. That would mean they are more advanced in mobile payments adoption than the majority of people living in cities, who still prefer to use plastic.

While banks struggle to get consumers to use Near Field Communication-enabled phones for mobile payments, the video game industry is having blockbuster success with NFC technology.