NEW ORLEANS — Most people, if they thought about it, would admit the way digital identity is managed in the U.S. is suboptimal. Those truly in the know find much stronger words.

Discover is offering its version of Quick Chip for merchants to speed up the EMV chip card checkout process at the point of sale.

ST. LOUIS — Vantage Credit Union has completed its conversion to the Episys core operating system from Symitar. The $801 million-asset CU said it completed the conversion in May.

Local government agencies may no longer lower a driver's credit score because of unpaid traffic tickets or parking citations, according to a policy the three major credit bureaus agreed to in a legal settlement with 31 state attorneys general.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

Ripple's distributed ledger technology has been attracting users interested in an alternative method to execute international payments, and this week it added seven new banks to its network.

After saying it would not support Android Pay in the U.K, Barclays is leaning on device agnostic mobile technology and its own developers to launch its own payments app for the operating system.

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.

American Express has joined Visa and MasterCard in adjusting chargeback policies for merchants that have not yet migrated to chip card payments.

PNC Bank will make instant card issuance available in 85% of its branches by the end of this year, advancing what's becoming a staple of EMV-era card strategy.

Microsoft is in the process of rolling out a mobile wallet for its small share of the smartphone market. But the company has been steadily developing this technology across much bigger platforms.

Financial innovation, including distributed ledger technology and marketplace lending, has emerged as a new source of risk to the U.S. financial system, according to a report issued Tuesday by the Financial Stability Oversight Council.

Retailers both online and off have noted an increase in chargebacks since the U.S. moved to microchip cards back in October. None of them are happy about it.

The digital revolution has not been kind to independent sales organizations and others in the merchant acquiring market, which has seen its long-standing business model upended by the mobile point of sale and other new technologies.

Who is Microsoft Wallet for? With just 1.6% of the U.S. smartphone market as of January, it's unlikely that even Microsoft believes Windows Phone users are a huge untapped audience for mobile payments.

Most would agree the way digital identity is managed is suboptimal. But how identity should be managed, and who should manage it, are shaping up to be hotly debated questions.

Bank of America is betting on consumers’ future intentions over their current actions when it comes to building its digital wallet strategy.

With 63% of all data breaches resulting from stolen, weak or default passwords, and recent compromises targeting millions of stored passwords, Fast Identity Online Alliance members say the time is now for device manufacturers and e-commerce merchants to embrace new authorization technology.

One of the supposed perks of EMV chip-card upgrades was that the process would enable more modern payment options such as mobile wallets. In practice, however, EMV is closing as many doors as it opens.

I’d like to suggest there is one more bubble which has yet to be called out, but is nevertheless pretty obvious to a handful of payments professionals who don’t practice the art of denial or are not paid to cover up the obvious symptoms. It’s the payments bubble.