Merchant

One community bank decided it can build closer relationships with business clients by hosting events to help them learn how to fortify their cyberdefenses.

As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies.

CO-OP Financial Services is currently pilot testing the new data-driven tool with credit unions in its shared branching network.

Installing a modern payment gateway, for example, makes the checkout process more convenient, speeding up order processing while offering alternative payment methods, saved customer information and location-specific options, writes Amit Bhaiya, co-founder and CEO of DotcomWeavers.

One expert says the U.S. lags behind other countries, but changes are coming soon – and fast.

With increasing value propositions, use of Apple Pay for in-store purchases should continue to increase, writes Mohammad Khan, president and co-founder of Omnyway.

Cybersecurity remains a chief concern for small credit unions as a panel of experts warns small CUs may not just be a target, they could be one step in a larger attack.

Security researchers are uncovering widespread vulnerabilities in several popular mobile point-of-sale systems, which have become increasingly popular in recent years among many types of merchants large and small.

The U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. But it’s unclear whether enough U.S. consumers are interested in contactless payments for issuers to make the investment.

Consumers, who often understand little to anything about the fees retailers pay to accept cards, will not care about the details of the fight and will place their displeasure solely on the shoulders of any large retailer that elects this strategy, writes Myron Schwarcz, executive vice president of Strategic Resource Management.