Payment processing

Blockchain and distributed ledger technology offer many of the basic elements that are essential components for PCI DSS compliance, writes Doug Wick, chief product officer at ALTR.

Crypto technology will play a major role in the central bank's real-time payments system.

In a world where not all gig workers can afford to be choosy, nor all companies agree to go against internal policy and pay early, innovation in pay advance products can provide a mutually beneficial solution, according to payments marketing consultant Gabriel Onyango.

House Financial Services Committee Chairwoman Maxine Waters and over a hundred other lawmakers want the agency to go forward with a mandatory underwriting requirement for payday loans.

Financial services is a dangerous diversification play for USPS, a contributor writes; Sen. Elizabeth Warren tells acting CEO that Wells Fargo is "still fundamentally broken"; Capital One buys a tech-focused investment bank; and more from this week's most-read stories.

Financial crime screening solutions that are fueled by high quality sanctions and screening data will be a crucial component to achieving success in this complex compliance environment, writes Accuity's Nirhjar Daripa.

There is always the chance that privileged employees will either become bad actors who use their access to confidential data for their own gain, or that they will succumb to a hacking attempt and thereby open the door to an external bad actor, says Unisys' Maria Allen.

If firms don't enroll consumers quickly for card accounts, it suggests other elements of the institution may also be suspect, says Kofax's Dermot McCauley.

Bluefin cut its teeth developing point-to-point encryption to protect sensitive payment information from being intercepted by thieves during the transaction process, and now it’s adding tokenization protection for the consumer data merchants keep.

By dumping Chase Pay's standalone point of sale app, JPMorgan Chase is handing a victory to the likes of Apple Pay — but it's also eliminating an app that was tangential to the issuer's long-term payments goals.

Most consumers will share more data, including preferences, if they see a more valuable personalized experience, says Hero Digital's Kristine Stebbins.

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.

Banks are under competitive and regulatory pressure to either compete or partner with fintechs that support services such as mobile payments, and credit unions are in the same boat — though with a very different challenge at the start.

Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.

U.S. firms have been reliant on data aggregators like credit bureaus and other data companies to provide identity verification services, says Entersekt's Jennifer Singh.

Kenneth Montgomery, a top executive at the Federal Reserve Bank of Boston, will head the push to make faster payments available across the industry in the next four to five years.

Gregor Dobbie is taking on the role of CEO of Vocalink as the company looks to expand its B2B payments business in the U.K.

The Electronic Transactions Association has named Jodie L. Kelley as its new CEO to replace Jason Oxman, who left in January.

Were the Fed to develop its own payments platform, it would be expensive, duplicative, inefficient, and curtail development of real-time services, argues the National Taxpayers Union's Thomas Aiello.