PayThink

This may be the year that banks finally adapt to the new risk landscape by shaking up their boards, bolstering cybersecurity and increasing vendor management.

Chick-fil-A recently became the latest victim of a credit card breach, bringing to light the threat that all quick serve restaurants and small retailers are increasingly facing from hackers and data thieves and underscores the challenges businesses face in keeping their networks and data secure.

Last year regulators tightened their grip on Wall Street, while banks were caught off guard by emerging cybersecurity and reputational risks.

A number of bankers and regulators are concerned about declining credit standards. The problem is real— and it is also endemic to credit markets.

Apple Pay has already achieved the cool factor with its innovative payment system and convenience factor.

The coming year presents a golden opportunity for the payments industry to push for a repeal of the Durbin Amendment.

The forces of change in payments are swift and coming from seemingly everywhere. Digital migration is wiping away historical industry barriers, facilitating unexpected partnerships and enabling customer relationships that go deeper than the transaction.

Regulators' power to order restitutions is meant to be limited, but some courts are taking a broad interpretation of a key statute.

Years ago, merchant services meant selling a terminal and writing the merchant account. It seemed easy, right? The problem is that some of us are still trapped there.

Community banks go against their own interests when they oppose regulations that mainly affect big banks and leave smaller institutions unscathed.