If there was any question about the need for Congress to modernize our nations data-security laws, the recent settlement negotiation between Target and MasterCard should put all doubts to rest.
It's hard to find a more competitive mobile wallet market than India, with 1.3 billion consumers and multiple viable wallet apps, including Freecharge, Paytm, Citrus Payment, Oxigen, Mobikwik, Zaakpay and ItzCash. But this crowd is competing for a consumer base that favors cash for all transactions.
Mobile wallets and digital currencies are providing an increasingly viable alternative to traditional card payments, prompting Visa Inc. to present a new value proposition to merchants.
Silicon Valley Bank, which has found a niche working with payments and fintech startups on its home turf in California, is paying more attention to the innovation taking place outside the U.S.
While young consumers do not have a past with legacy payments methods and are most open to new innovation, most new payment systems are not adequately focused on the youth market.
ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better.
Visa Inc. isn't expecting a near-term financial boost from processing domestic card transactions in China, even though the doors have finally opened up to do business in the massive Chinese market.
American Express estimates that about 750,000 merchants do business in Canada, and the card brand is relying on its successful OptBlue program to attract as many of them as possible.
Investor communications company Broadridge Financial Solutions has entered into an agreement with Thomson Reuters Lipper to acquire its Fiduciary Services and Competitive Intelligence unit. read more »