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Amex Attacks EMV's Cost Concerns, But Much Work Remains
Merchants opposed to the U.S. migration to EMV-chip cards have long questioned whether the security benefit is worth the expense of putting in new payment terminals. American Express is taking some of the cost out of the equation, but even this move might not be enough to bring most merchants on board.  more »
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Opponents of Visa Inc.'s and MasterCard Inc.'s $5.7 billion settlement with merchants over fees want access to documents that may have been disclosed to a lawyer facing federal charges in a fraud scheme unrelated to the credit-card litigation.  more »
American retailers have struggled with mobile payments, largely because they try to reinvent the entire buying process instead of evolving what's already there. Starbucks' success is rooted in its willingness to take the easiest route time and again, an approach that is clear in how it chose to implement Apple Pay.  more »
Uber Technologies, which operates a cab service and often partners with mobile payment providers to execute transactions, said an unauthorized third party accessed the company’s database last year and may have taken data on about 50,000 drivers.  more »
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