Options include multilayered security solutions that incorporate verification via passive biometrics, without adding friction, by evaluating a consumer’s inherent behavior online during the transaction process, writes NuData Security's Lisa Baergen.
This year could be a pivot point for blockchain to move past proofs of concept to adoption, propelled by strong investor interest. But many still see the tech as being three to four years away from going mainstream.
Are the incentives for protecting card data so lopsided that merchants feel little need to do more? Or is it wrong to ask merchants to fix the faults in a payment card ecosystem they had little hand in creating?
A new cobranded Uber debit card from Green Dot’s GoBank unit gives drivers 3% cash back if they choose PIN entry when filling their tanks at ExxonMobil stations, affirming the persistence of PINs in an increasingly digital payments environment.
The timing is right, both for the technology and for Amazon, which has already demonstrated excellence on required customer journey points like a widely adopted Amazon app, writes Chris Ventry, a director for BRG Corporate Finance.
The threat that mobile would displace plastic never came to be. But the new technology — often developed by retailers and other nonbanks — nevertheless forced issuers to take stock of their own offerings.