Data security

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.

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.

2015 was the year EMV began taking hold at the point of sale, with effects that rippled through nearly all other payment channels. Here's a look at how the payments industry is adapting to the changes brought on by EMV-chip cards.

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.

Privacy advocates were appalled by the cybersecurity act Congress passed in the omnibus spending bill, with its abandonment of data-privacy provisions that existed in earlier versions. Now consumer and business-client privacy is at the discretion of the banks and other private companies.

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 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.

Moven will soon prompt its customers for usernames and passwords only for riskier transactions. By removing the login for most functions, the company aims to drive engagement in an app meant to be used on the go.