Technology

There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season.

Sure, there is an inherent business tension between banks' digital offerings and personal financial management software. However, the ground rules for making account data available to consumers for use in external software products and apps are in place and the so-called rivalry is overblown.

Acquirers and independent sales organizations have long heard a similar refrain: Adjust to the fast pace of technology or perish.

The recent security incident involving Oracle POS systems demonstrates once again that no system is immune to security breaches.

Citigroup Inc. mistakenly sent e-mails to some active Costco Wholesale Corp. members telling them their wholesale club membership had lapsed and that their cards would be canceled, bringing a fresh headache to the new partnership.

Analytics tools for customer experience are an increasing priority for banks, but technology alone won't change anything. Banks also need to create an internal culture of data science.

Industrial Credit and Investment Corporation of India has launched a payment service through its mobile banking app using smartphone keyboard technology developed at one of its mobile development challenge events.

The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming.

With all the innovation and momentum around consumer wallets and payments, payment security is a huge concern to banks, merchants, issuers, payment networks and any new wallet provider.

With the Office of the Comptroller of the Currency evaluating the possibility of a nationwide charter for certain fintech firms, state regulators are voicing concerns that a charter could cut into their authority.