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'It's a Mess Out There': Why EMV Debit Is Likely to Stall
The Debit Network Alliance last week officially launched its shared application identifier (AID) for EMV debit routing, but merchants likely won't be in any rush to implement the technology despite the fast-approaching Oct. 1 liability shift.  more »
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Frank Bisignano, CEO of First Data.
First Data Corp. selected Citigroup Inc., Morgan Stanley and Bank of America Corp. to manage its initial public offering planned for this year. more »
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Logos on the door of a Wyndham property.
When a federal appellate panel sided with the U.S. Federal Trade Commission (FTC) against the Wyndham hotel chain this week, it cemented the FTC as a power to be reckoned with for companies that have poor security. more »
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Following its massive 2013 data breach, Target vowed to accelerate its EMV-chip card migration, but the retailer still just barely made the card networks' deadline. more »
BTCJam, headed by Celso Pitta (left), and Bitbond, led by Radoslav Albrecht, are among the firms combining two big financial technology crazes: Bitcoin and peer-to-peer lending.
The global loan platforms present an extreme example of the ongoing clash between the fast-moving financial technology sphere and the staid world of financial regulation. more »
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Alternative payments are taking hold at a brisk pace. Now a major bank lobbying group and payment company is crying foul. more »
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Not all government data collection is problematic. Some is actually good, and the facts about particular government data collection programs matter. more »
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The Payments Security Task Force and the EMV Migration Forum will offer educational materials about EMV-chip card payments, including templates of social media posts and hashtags; educational downloads that include visual aids and training guides; media interview tips; and more. more »
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ValueAct Capital Management, the activist fund run by Jeff Ubben, disclosed a new 1.1 percent stake in American Express Co. more »
Indictments are still pending in the case of an alleged Bitcoin money laundering scheme involving a tiny low-income credit union in New Jersey. more »
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When the card networks' October deadline for EMV-chip card adoption arrives, things will likely have changed very little compared to how they are today. more »
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The Payments U.K. council has delivered the first draft of the ISO 20022 payment messaging standard, fulfilling an earlier promise that it says will pave the way for a globally interoperable real-time payments system. more »
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Dodd-Frank is "eviscerating" community banks, Rubio said Thursday night.
Sen. Marco Rubio, R-Fla., called for dismantling the Dodd-Frank Act Thursday night during the first Republican primary debate. more »