For Kristy Cook, group manager of bankcard strategic projects at Target Corp., there couldn't be a more exciting time to lead the payments team at one of the nation's most forward-thinking retailers.
It just was a matter of time before a major brand would experience a data breach in 2016. While the Wendys card data breach is under investigation it has reinvigorated a discussion among merchants who want to avoid being the next target (no pun intended).
A consortium of Swiss banks hope the country's reputation for banking, technology and smartphones will give its financial institutions a commanding position for in-store and in-app payments.
Now's the time for merchants to bolster risk management ahead of the coming onslaught of card not present fraud.
For the first time in its nearly 60-year history, Visa is inviting third-party software developers onto its network with the goal of advancing digital commerce.
Its too soon to connect the U.S. EMV migration to a statistical spike in e-commerce crime, but fraudsters already could be reacting to the growth in new chip cards and fast consumer credit approvals by turning to new account fraud, according to Javelin Strategy & Research.
U.S. merchants are still reluctant to embrace 3D Secure technology to protect card-not-present transactions, even though it has vastly improved from the initial tedious version that irritated consumers more than a decade ago.
Super Bowl attendees are predicted to spend an average of $82.19 on food, decor, team apparel and more, up from $77.88 last year. Total spending for Super Bowl 50 is expected to top a whopping $15.5 billion.
Rather than partner with a startup, 45-year-old Equitable Bank in Canada created a separate brand, EQ Bank, to acquire customers who are ready for an account without a debit card. read more »