Payment cards

Companies like Visa and Mastercard make decisions about security in secrecy, without enough input from banks and merchants.

The idea of consolidating multiple payment cards into one with smart technology has been attempted multiple times in recent years with little success, but a startup called Edge Mobile Payments is giving it a fresh try.

Nearly half of the cardholders in the U.S. have had at least one card reissued in the past year, with those experiencing fraud multiple times saying they have had nearly five cards reissued.

Technology has sped up the ability to issue new plastic and boost activation times, but that doesn't mean the service is right for every credit union.

Credit unions based in California, Michigan, Illinois and South Carolina have rejoined the CUSO’s fold.

Issuers have access to a treasure trove of helpful data about us, such as our payment habits, investment activities, purchases, and so on, writes Sanjay Bhakta, senior director of solutions for Ness Digital Engineering.

Most larger credit unions have reissued chip-enabled cards, but some small CUs have lagged — and it’s nearly impossible to get an industry-wide picture of where adoption stands.

Jeanne Tisinger spent three decades working at the CIA, where her most recent position was deputy director overseeing the agency’s physical and cybersecurity and information technology spanning more than 100 countries.

Now two years on from the U.S. EMV liability shift, chip cards are commonplace in American wallets. But the benefits of EMV cards — a longer five-year lifespan and a reduced need to reissue in the event of fraud — have muted the demand for new cards.

The industry has the opportunity to expedite gains in interoperability and realize significant cost savings and productivity gains for both the clinical and administrative sides of the industry, writes Chris Seib, chief technology officer and cofounder of InstaMed.