PayThink

U.S. issuers, acquirers and merchants that are executing EMV migration projects face liability shift dates and increasing consumer demand for more secure transactions.

A new study suggests that most consumers only waive their right to sue companies in court and participate in class actions because they don't understand the contracts they're signing.

Mandatory retirement ages and term limits can backfire by forcing out board members with badly needed skills. It's better for boards to take the necessary, though socially uncomfortable, step of convincing underperforming directors to leave.

When the iPhone and iOS launched in 2007, Apple initially didn’t provide support for third party developers.

The Federal Reserve was comfortable as a behind-the-scenes regulator, but it’s now expected to be a public enforcer as well. Asking the agency to balance these contradictory roles is a recipe for trouble.

Bankers can prepare for the eventual dominance of mobile technology by investing in interactive videos and moving away from monolithic applications.

As I mentioned in my first prediction for 2015, our global economy and interconnected business world is going to lead to new, innovative financial and payments technology in the next year.

Recent speeches by Benjamin Lawsky and other regulators suggest that government officials are gearing up to issue new cybersecurity rules. Banks' relationships with third-party vendors are one likely area of focus.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

Change is inevitable. Whether you like it or not, whether you do or you don't want it to happen, whether you advocate the status quo or you don't — change will take place with or without you on board.